Membrane Bioreactor Market to Reach $6.7 Billion, Globally, by 2032 at 8.6% CAGR: Allied Market Research
Membrane Bioreactor Market to Reach $6.7 Billion, Globally, by ... Yahoo Finance
Membrane Bioreactor Market: Global Opportunity Analysis And Industry Forecast, 2023-2032
Introduction
Membrane bioreactors (MBRs) are widely used in water and wastewater treatment processes. The increasing global demand for clean water, coupled with stricter environmental regulations, has led to the adoption of advanced treatment technologies, including MBRs. These systems offer efficient removal of contaminants and several advantages such as higher quality effluent, smaller footprint, and the ability to handle variations in influent quality and flow rates.
Market Overview
Allied Market Research published a report titled “Membrane Bioreactor Market” which projects that the global membrane bioreactor market was valued at $3.0 billion in 2022 and is projected to reach $6.7 billion by 2032, growing at a CAGR of 8.6% from 2023 to 2032.
Advantages of Membrane Bioreactors
- High-quality effluent: MBRs produce treated water with low levels of suspended solids and pathogens, making it suitable for reuse or environmentally friendly discharge.
- Space efficiency: MBRs generally require less space compared to conventional wastewater treatment systems since biological treatment and solid-liquid separation occur in the same unit.
Prime Determinants of Growth
The growth of the membrane bioreactor market is driven by the increasing demand for advanced wastewater treatment technology and the rise in industrialization. MBRs offer superior treatment efficiency, high-quality effluent production, and operational flexibility, making them well-suited for the unique demands of urban wastewater treatment.
Market Segmentation
The report covers the following segments:
- Configuration: Submerged and Side Stream
- Product: Hollow Fiber, Flat Sheet, and Multi Tabular
- End-use Industry: Municipal, Industrial, and Others
- Region: North America, Europe, Asia-Pacific, and LAMEA
Key Findings
- The submerged segment accounted for the largest share in 2022, contributing to more than one-third of the global membrane bioreactor market revenue.
- The hollow fiber segment accounted for the largest share in 2022, contributing to nearly half of the global membrane bioreactor market revenue.
- The municipal segment dominated the largest market share in 2022, contributing to more than three-fifths of the global membrane bioreactor market revenue.
- Asia-Pacific held the highest market share in terms of revenue in 2022 and is anticipated to maintain its dominance by 2032.
Key Market Players
- Toray Industries, Inc.
- Koch Separation Solutions
- KUBOTA Corporation
- Mitsubishi Chemical Corporation
- Evoqua Water Technologies LLC
- Veolia
- General Electric
- WEHRLE-WERK AG
- Asahi Kasei Corporation
- Aquatech International LLC
Conclusion
The membrane bioreactor market is expected to witness significant growth due to the increasing demand for advanced wastewater treatment technology and the need for sustainable solutions. MBRs offer efficient removal of contaminants, high-quality effluent production, and operational flexibility, making them well-suited for various industries and municipal wastewater treatment. The market is dominated by key players who are adopting strategies to maintain their market share and meet the demands of the industry.
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