May 06, 2020
As per the report titled ‘Global Membrane Bioreactor System Market Size study, by Application (Municipal Wastewater Treatment, Industrial Wastewater Treatment) By Type (Hollow Fiber, Flat Sheet, Multi Tubular) By Configuration ( Internal Membrane Bioreactor Systems, External Membrane Bioreactor Systems ) and Regional Forecasts 2019-2026’ available with Market Study Report LLC, global membrane bioreactor system market was worth USD 2660.9 million in 2018 and is projected to record 15.28% CAGR over 2019-2026.
Declining freshwater sources owing to excessive water consumption, pollution, and global warming, coupled with stringent environmental regulations are driving the growth of global membrane bioreactor system market.
Membrane bioreactor is a combination of membrane processes wherein a perm-selective membrane such as a microfiltration or ultrafiltration membrane is integrated with a biological wastewater treatment process, specifically a suspended growth bioreactor. Lower operational and maintenance costs are the key benefits encouraging the product adoption.
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According to United Nations, water usage has doubled the rate of population increase and it is estimated that approximately 1.8 billion people will reside in water scarce areas across the globe by 2025. Hence, increasing concerns regarding water scarcity and growing demand for membrane bioreactor in developing nations are likely to bolster the market growth in the coming years. However, high initial investment may hinder the product adoption during the forecast period.
Considering the regional outlook, North America membrane bioreactor system market is slated to register significant growth over the coming years, owing to rising concerns over fresh water supply shortage.
Meanwhile, membrane bioreactor system market in Asia-Pacific is anticipated to record a strong growth rate during the study period. Rapid urbanization and infrastructure development in the region are supporting the industry expansion in APAC.
Major industry players include GE Water & Process Technologies, Mitsubishi Rayon Co., Ltd., Koch Membrane Systems, Inc., Kubota Corporation, Adi Systems Inc., Toray Industries, Inc., Degremont Sa, GLV Inc., Evoqua Water Technologies LLC, and bioprocessH2O LLC.