The global industrial water purifier market is expected to reach $15.25 billion by 2021, growing at a compound annual growth rate of close to 6 percent between 2017 and 2021, according to Technavio’s latest report.
The top vendors in the global industrial water purifier market are GE Water & Process Technologies, Lenntech, Pall and Veolia, the report says.
The Technavio forecast follows a recent announcement from one of the key vendors — GE — that it will supply its wastewater treatment equipment for an upgrade of the Luo Fang Wastewater Treatment Plant in Shenzhen City, Guang Dong province, making it the largest membrane bioreactor plant in China.
The power industry will bring in the highest revenue through the forecast period. Since the power industry is the largest end-user of water, it creates a large amount of water that needs to be purified, thereby driving market growth.
Of the regions highlighted in the report (Americas, EMEA and APAC), the Americas will see the largest market growth. The US and Canada constitute the largest users of water purification systems from the region. The stringent water reuse policies to address the water stress arising in the respective countries is driving the need for reusing water across several industries, thereby driving market growth.
“North America is characterized by the prominent presence of chemicals, food and beverage, textile, paper, and metals industries, which creates a lot of demand for the industrial water purifiers. This geographical segment is expected to be valued at $5.55 billion by 2021, driven by these industries,” said Thanikachalam Chandrasekaran, one of the lead analysts at Technavio for water and waste management research.
Advances in membrane technology will drive the growth prospects for the market, the report says. Some of the membrane technologies that play a vital role in water and energy sustainability are wastewater treatment by membrane reactors, desalination by reverse osmosis, lithium-ion batteries and membrane-based fuel cells.
Meanwhile a team of scientists working with BASF say they have developed a new type of membrane for purifying industrial water that is robust and easier to clean and recycle, compared to traditional polymeric membranes.
As Phys.org reports, a supramolecular aqua material can be utilized as a sustainable membrane for water purification at high pressures. This hybrid membrane combines the toughness of polymeric membranes with the sustainability benefits of supramolecular systems.