"Global Membrane Separation Technologies Market Assessment & Future Opportunities 2008-2018" is Now Available with Tech Archival
Portland, OR, March 11, 2013 --(PR.com
)-- Membranes are thin films usually manufactured in flat roll stock or hollow-fibre formats and incorporated into a specific device that can be readily used for purification purposes. Membrane separation processes are preferred universally in numerous industrial, laboratories, medical and research applications to purify, concentrate, sterilise or separate streams or samples. Membranes provide an efficient and reliable solution to meet critical separation challenges and have demonstrated superior performance across a broad range of applications, versus alternative purification technologies.
According to "Global Membrane Separation Technologies Market Assessment & Future Opportunities 2008-2018," a recent focused study published by Tech Archival, the worldwide membrane separation technologies market grew by nearly 85% in terms of market value between the four year periods from 2008-2012. The CAGR for the given period was recorded at more than 9%, representing a first rate growth. The global market is mostly dominated by few large scale companies including names such as Pentair XFlow, Siemens, GE Water, Asahi Kasei and Hyflux.
Water is the most important resource for living, food, energy and a key input in a range of industrial processes. Globally, water is mostly required for agricultural purposes followed by industrial and domestic use. The use of water also differentiates from country to country depending upon the economic conditions. The demand from industrial usage mostly comes from high income level countries in the western world whereas low income level countries consume water mostly for agricultural purposes. In 2012, North America emerged as the largest region in global membrane separation technology market (MST), accounting more than 30% of annualised sales volumes in 2012 followed by other key markets in Asia Pacific and Western Europe.
"The demand for MST systems is largely driven by the need of pure and safe drinking water. An estimated 33% of world population is currently under water stress and with average economic growth projections; the global water supply-to-demand gap is likely to reach close to 40% by 2030. Additionally, it has been anticipated that by 2050, nearly 60% of the world’s population could experience a severe water shortage which is, in turn, escalating demand for water purification systems and new technologies," said Manmohan Joshi, Research Director at Tech Archival.
Looking to the future, it is anticipated that markets in Asia Pacific region will generate the largest demand for MST systems, standing ahead of North America and Western Europe. Developing countries in Asia especially China and India have shown tremendous growth for these systems which is likely to shore up MST system sales right through 2018. Tech Archival further projects that worldwide market for MST systems will reach more than US$ 23 Billion in terms of market value by the end of 2018.
About Tech Archival-
Tech Archival is a global technology intelligence company providing focused market research solutions and consulting services. Our research studies are designed to provide wealth of insights that cover both industries and markets including market size by value, by sales, market segmentation by companies, geographies, production capacities, product segmentation, business trends, threats and opportunity analysis, competitive strategies and company profiles among many more.
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