According to the latest market research study by Technavio, the global high-purity water treatment market is expected to grow at a CAGR of close to 8% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global high-purity water treatment market regarding revenue and emerging market trends. The report also includes a competitive vendor analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user
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The top three revenue contributing end-user segments are discussed below:
Global high-purity water treatment market by the electronics industry: High-purity water of the highest grade is widely used in the semiconductor industry. High-purity water can be used in various applications such as rinsing the wafer after application of chemicals, immersing photolithography in optics systems, dilution of chemicals, or as make-up to the cooling fluid in some critical applications. High-purity water is also used as a humidification source for a cleanroom environment.
“One of the key drivers of the global consumer electronics market is the growing number of new product lines and category launches. These areas where innovations take place at a very fast pace, render the previous version outdated. Other primary drivers include rapid urbanization in emerging countries and strengthening of the global economy. Thus, the growth in the electronics industry will drive demand in the high purity water treatment market,” says Sayani Roy, a lead analyst at Technavio for research on oil and gas.
Global high-purity water treatment market by the power industry: The power industry is the second highest consumer of high-purity water. The growing requirement for additional power generation is triggered by an increase in electricity demand along with the replacement and refurbishment of inefficient technologies and existing plants. This, in turn, will drive the global high-purity water treatment market.
Global high-purity water treatment market by the pharmaceutical industry: The growth of the high-purity water treatment market is due to the growing application of the single-use technique in manufacturing biopharmaceuticals and stringent environmental regulations imposed on wastewater management. Strict safety and quality standards like good manufacturing process in the pharmaceutical industry are contributing to the growth of the global high-purity water treatment market. The absence of an alternative technology with high filtration efficiency is also a major driver for the market.
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The top vendors operating in the global high-purity water treatment market are:
- Dow Water & Process Solutions
- GE Water & Process Technologies
- Ovivo
- Pall
- Veolia
The other prominent vendors in the market include American Water, Calgon Carbon, Graver Technologies, Hydranautics, Koch Membrane Systems, Lenntech, NALCO, Nomura Micro Science, Organo Corporation, RainDance Water Systems, RWL Water, Thermo Fisher Scientific, and Total Water.
A more detailed analysis is available in the Technavio market research report titled, ‘Global High-Purity Water Treatment Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Water Quality Monitoring Equipment Market 2017-2021
- Global Commercial Water Treatment Equipment Market 2016-2020
- Global Residential Water Treatment Equipment Market 2016-2020
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