The global Membrane Filtration Systems Market is estimated to be valued at USD 16.8 billion in 2022 and is projected to reach USD 24.6 billion by 2032, at a CAGR of 6.4% from 2022 to 2032.
Membrane filtration systems are commonly used for wastewater purification and for sterilization, concentration processes, and separation in the food & beverage sectors. Due to the rising awareness among consumers about safety and filtration processes, the demand for membrane filtration systems is increasing.
Additionally, advances in membrane filtration systems technologies, high growth in the dairy industry, and growth in the bio-based pharmaceutical industry, and rapid development in generic production are the key factors that are driving the membrane filtration systems market.
The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
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It Includes In-Depth Insights Into The Membrane Filtration Systems Market. Some Of These Are:
- The estimated value of the market was at US$ 14.5 Bn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
- By application, the water & wastewater segment is projected to account for the largest share in the market.
- During the forecast period, the segment of tubular systems in the membrane filtration systems market for food and beverages is projected to show faster growth.
- Asia Pacific is estimated to dominate the market.
- Increasing strict government regulations for water safety and filtration are major factors expected to drive growth of the global membrane filtration systems market.
- However, the high flow rates used in cross-flow feed can damage shear sensitive materials is expected to restrain growth of the global membrane filtration systems market. In addition, high equipment cost may hamper the market growth to a certain extent.
- In terms of membrane material, polymeric and ceramic are two key segments in the market
Despite Focus on Healthy Diet, Change in Consumption Pattern Due to COVID-19 Outbreak Will Impact Growth
Coronavirus outbreak had a considerable impact on consumption pattern of buyers. The focus on health and hygiene products and rise in demand for healthy organic food are indicative of key shifts in consumer behaviour. This will invariably impact growth forecasts for the market. However, top companies in membrane filtration systems market expect supply chain and cash flow disruptions to remain the biggest hurdles even in the post lockdown situation. Following coronavirus outbreak, companies operating in this market are under pressure to deliver products to market in time. These developments could have significant impact on the market.
Who is Winning?
The leading players in the membrane filtration systems market include Porvair Filtration Group, Pentair Plc., Prominent GmbH, SPX Flow, Inc., Veolia, Koch Membrane Systems Inc, 3M Company, Pall Corporation, GEA Group AG, Alfa Laval AB, Suez Water Technologies and Solutions and DowDuPont.
These players are expanding their presence across various geographies and entering new markets in developing regions to expand their customer base and strengthen presence in the market. The companies are also introducing new innovative products in the market to cater to the growing consumer demands.
MEMBRANE FILTRATION SYSTEMS MARKET SEGMENTATION
The global membrane filtration systems market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Application:
- Water & Wastewater
- Food & Beverages
Module Design:
- Spiral Wound
- Tubular Systems
- Plate & Frame
- Hollow Fiber
Membrane material:
- Polymeric
- Ceramic
Technique:
- Reverse Osmosis(RO)
- Ultra filtration (UF)
- Microfiltration(MF)
- Nano filtration(NF)
Region:
- North America
- Latin America
- Europe
- Asia
- Oceania
- MEA
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Key Questions Answered in the Report
How much is the Membrane Filtration Systems Market current worth?
Currently Membrane Filtration Systems Market is worth more than USD 16.8 Bn.
At what CAGR is the market expected to grow?
Membrane filtration consumption is expected to grow at a CAGR of around 6.4% during the period 2022-2032.
How was the performance in the last five years?
In terms of revenue, membrane filtration grew at a CAGR of around 5.8% during 2017-2021.
What are the key trends boosting Membrane filtration sales?
Cost reducing characteristics of membrane filtration and increasing demand for good quality membrane filtered food and latest trends boosting the Membrane Filtration Systems Market.
How are market players reacting to the new developments in the market?
Market players are opting for technological advancement, new product developments and production capacity expansion.
Which is the largest segment by technique?
The reverse osmosis segment (RO) held 43% of Membrane Filtration Systems Market in 2021 is the largest membrane filtration segment by technique.
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