The MBR market is projected to register a CAGR of 7.0%, in terms of value, between 2019 and 2024
NEW YORK, March 6, 2020 /PRNewswire/ --
The MBR market is projected to register a CAGR of 7.0%, in terms of value, between 2019 and 2024.
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The market size of MBR is estimated to be USD 3.0 billion in 2019 and is projected to reach USD 4.2 billion by 2024, at a CAGR of 7.0%. The growth of this market is attributed to increasing water stress and stringent environmental regulations. There is an increased demand for MBRs for municipal as well as industrial wastewater treatment owing to the production of high-quality effluents. However, the higher operational cost of MBRs than that of conventional methods is restraining the market growth. Technological advancements in the manufacturing of MBRs with new properties are, however, providing growth opportunities for MBR manufacturers.
Municipal wastewater treatment to be the largest consumer of MBRs.
Municipal wastewater treatment was the largest application of MBRs in 2018.The need for MBRs in municipal wastewater treatment arose due to the poor removal efficiency of conventional treatment methods.
The use of MBRs does not require significant operational attention as conventional treatment methods. MBR is a better solution for small plants where the activated sludge process is not feasible as it requires constant attention and monitoring.
Multi-tubular membrane is projected to be the fastest-growing segment during the forecast period.
The multi-tubular membrane segment is projected to register the highest CAGR during the forecast period.Multi-tubular membranes are standardized and are used for external configurations.
They are preferred for treating small effluent flows from industrial installations owing to their robustness, reduced footprint, operational flexibility, and control.
APAC is projected to be the largest and fastest-growing MBR market during the forecast period.
The APAC MBR market is projected to register the highest CAGR during the forecast period.The municipal wastewater treatment market in APAC is driven by an increased level of water scarcity and the growing demand for clean water.
There is a high demand for municipal wastewater treatment in APAC with the increasing population in emerging countries of the region.
This study was validated through primary interviews conducted with various industry experts worldwide. The primary sources were divided into three categories, namely, company type, designation, and region.
• By Company Type – Tier 1: 25%, Tier 2: 50%, and Tier 3: 25%
• By Designation - Director Level: 30%, C-Level: 20%, and Others: 50%
• By Region - Europe: 30%, APAC: 25%, North America: 20%, South America: 15%, and the Middle East & Africa: 10%
The report profiles several leading players of the MBR market such as SUEZ Water Technologies & Solutions (France), Kubota (Japan), Evoqua Water Technologies (US), Mitsubishi Chemical Aqua Solutions (Japan), Toray Industries (Japan), CITIC Envirotech Ltd. (Singapore), Koch Membrane Systems (US), Alfa Laval (Sweden), Veolia (France), and Newterra (Canada). The report also includes detailed information about various growth strategies adopted by these key players to strengthen their position in the MBR market.
Research Coverage:
The report offers insights into the MBR market in the key regions.It aims at estimating the size of the MBR market during the forecast period and projects future growth of the market across various segments based on membrane type, system configuration, application, and region.
The report also includes an in-depth competitive analysis of the key players in the MBR market, along with company profiles, SWOT analysis, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help leaders/new entrants in the MBR market with various levels of analysis—industry analysis (industry trends), market share analysis of top players, and company profiles.This report will help stakeholders obtain a better understanding of the competitive landscape and gain insights to enhance their businesses and devise suitable market strategies.
The report will also help stakeholders understand the pulse of the market and help acquire information on key market drivers, restraints, challenges, and opportunities affecting the growth of the MBR market.
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