Global Markets For Reverse Osmosis (RO) Membranes And Components To Reach $8.1 Billion By 2018: BCC Research
According to a new technical market research report, the global reverse osmosis (RO) membranes and system components market is expected to reach $4.9 billion in 2013. BCC Research forecasts the market to reach $8.1 billion by 2018, and register a five-year compound annual growth rate (CAGR) of 10.7% for the period 2013 to 2018.
Wellesley, Ma (PRWEB) July 26, 2013
According to a new technical market research report, MAJOR REVERSE OSMOSIS SYSTEM COMPONENTS FOR WATER TREATMENT: THE GLOBAL MARKET (Report code: MST049D) from BCC Research (http://www.bccresearch.com), the global reverse osmosis (RO) membranes and system components market is expected to reach $4.9 billion in 2013. BCC Research forecasts the market to reach $8.1 billion by 2018, and register a five-year compound annual growth rate (CAGR) of 10.7% for the period 2013 to 2018.
The earth’s freshwater supply is fixed, while global water demand is growing. However, with each passing year the quality of the planet’s water deteriorates measurably. The need for pure water has become an area of global concern as individuals, communities, industries, nations, and their national institutions strive for ways to keep this essential resource available and suitable for use. Over the past 40 years, RO systems have emerged as an effective solution to transform saline, brackish, and contaminated water into a useable and/or potable product.
The water treatment market remains a fragmented, but highly competitive industrial sector. This is due to the number of competing technologies, both advanced and traditional, as well as the many components that may be needed to make up any one system.
This BCC Research report evaluates the global markets for RO system components, including pretreatment cartridges, pumps, pressure vessels/housings, RO membrane modules, and ancillary elements such as skids, valves, and gauges.
The report studies the water needs and the role of RO in meeting these requirements for five global regions: Middle East/Africa, North America, Europe, Asia-Pacific, and Latin America/Caribbean. Since the last version of this report was published, the Asia-Pacific region has overtaken the U.S. to emerge as the global leader in expenditures for RO equipment. According to BCC Research, the value of the Asia-Pacific market for RO membranes and system components is expected to reach $1.8 billion in 2013. The market is expected to reach $3.4 billion in 2018, and register a CAGR of 13.7%. As per BCC Research, the value of the U.S. market is expected to reach $1.7 billion in 2013, and is predicted to reach $2.5 billion in 2018, registering a CAGR of 7.9%.
The falling costs of RO over the past two decades have made the process competitive with more conventional water supply options. The factors contributing to reduced costs include greater competition among equipment suppliers, improved productivity, reduced costs for membrane modules, improved energy recovery devices that cut plant energy requirements, and the global trend toward the privatization of water projects.
This technical market research report from BCC Research is divided into specific system component chapters. Quantitative evaluations for the major market segments are provided historically as well as for a five-year horizon. This report will be of value to manufacturers, suppliers, and local, state, as well as federal and foreign governments. Engineers, utilities, and corporate planners will also benefit by understanding the global component market and demand drivers for RO systems by purchasing this report.
For the original version on PRWeb visit: http://www.prweb.com/releases/2013/7/prweb10959343.htm