Report predicts global membrane wastewater treatment market to reach $3 billion in 2021
Once confined to niche production and used marginally, membrane technologies are now among the most preferred wastewater treatment solutions for municipal and industrial uses, according to a new report published by Reportlinker.
The market is rapidly expanding, driven by lower operation and production costs and by increased competition on the market. Globally, demand for membrane wastewater treatment technologies is growing as more public sector projects require their use and tighter water resources control regulations call for water reuse.
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According to the report, the global market for membrane wastewater treatment technology started growing in 2010 and 2011, following a decline during the years of financial turmoil in many parts of the world, with the positive trend continuing throughout 2012. This growth was driven mostly by rising demand for low pressure membrane technologies.
The report estimates that global membrane wastewater treatment technology markets reached $817 million in 2012, which equals a compound annual growth rate of 13 percent from 2007 to 2012. Between 2012 and 2021 they are expected to grow at a compound annual growth rate of 16 percent, to a total value of $3 billion. It is expected that by 2021 low pressure membrane technologies will still hold the lion's share of the market but high pressure technologies will be growing at a faster rate.