Water And Waste Management

Membrane Separation Technology Market is projected to reach USD 28.27 Billion by 2023, growing at a CAGR of over 7%, in value terms owing to the growing awareness of water and wastewater treatment in order to attain sustainable development. Moreover, the rising need for meeting water quality standards coupled with the growing governmental regulations regarding water disposal to protect the environment, will propel the growth of the market in the next five years. Based on the technology, RO segment leads the market due to its widespread use as a water-purifying technology as it is cost effective. Based on the applications, the water and wastewater segment is expected to lead the market during the forecast period due to the rising demand for water desalination units and brackish water treatment especially in emerging economies. Asia-Pacific is projected to dominate the market in the next five years due to widespread use of Membrane Separation Technology in medical & pharmaceutical, w...

Saudi Arabia Membrane Separation Technology Market is projected to grow at a high CAGR by 2023, owing to the growing the growing demand of water due to rapidly increasing population. Saudi Arabia is a growing economy, and there is a major water scarcity, despite government initiatives to ensure clean water supply for all. Additionally, rising use of desalination to ensure water is fit for drinking and other uses is expected to drive the growth of the market by 2023. Saudi Arabia is surrounded by a desert and therefore has a very small amount of underground water and thus relies on desalinated seawater. Rising demand for drinkable water is likely to drive the demand for membrane separation technology market in the next five years. Membrane separation technology uses a membrane with different pore sizes, that selectively allows the passage of solute molecules and filter out harmful chemicals, heavy metals from water. The growing adoption of water purifiers for residential as well as ind...