Growth Attributed to Water Quality Crisis
The quality of the planet’s water supply deteriorates ever year, affecting individuals, families, businesses and entire populations. Membrane bioreactors (MBRs) are a viable solution to this problem, as they remove pathogenic organisms from the water using a physical barrier that is unaffected by quality. The effectiveness of this process has created growth in the global market for MBRs. Consequently, the market is expected to more than double over the next five years, according to a new report by BCC Research.
In 2018, the global market for membrane bioreactors was worth $1.9B. A new report, “Membrane Bioreactors: Global Markets,” estimates that it will reach a value of $3.8B by 2023, indicating a compound annual growth rate (CAGR) of 14.7%.
“The need for pure water is a problem of global proportions,” said report author Andrew McWilliams. “With each passing year, the quality of the planet’s water measurably deteriorates, presenting challenges for major users: the municipal, industrial, and environmental sectors. Water treatment has become an area of global concern as individuals, communities, industries, countries and their national institutions strive for ways to keep this essential resource available and suitable for use.”
Drivers Of The Membrane Bioreactor Market
There are several reasons why the MBR market has achieved a significant amount of success over the past few years. For example, MRBs require minimal operation attention, reduces or eliminates the need for disinfection, has modular construction, rears high retrofit potential, processes intensification benefits and has a long service life (membranes have a 5- to 10-year life).
SOURCE: BCC Research