Water stress set to drive lucrative growth for membrane market
Water scarcity is fuelling demand for advanced water and wastewater treatment technologies and solutions on a global scale, latest research suggests.
One of the fastest growing technology segments are membrane systems, which are now experiencing double digit growth rates due to water stress, pollution and rapid industrialisation.
The membrane system market was worth $5.5bn in 2012, according to a study by Frost & Sullivan and is expected to experience significant growth during this decade.
The increasing use of these systems across the water cycle has led to improvements in water supply, treatment, conservation as well as a rise in reuse and recycling strategies.
Frost & Sullivan's environment research analyst Paulina Szyplinska said one of the key drivers was an ongoing focus on high quality drinking and demand for high purity process water in water intensive and critical sectors.
Leading regions of Asia Pacific, Americas and Europe are expected to maintain their strong position in the membrane treatment market with substantial growth projected for Asia Pacific, as a result of rapid industrialization of the region as well as increasing water stress.