- The key vendors in the Global Cross-flow Membrane Market 2015-2019 are Dow Co., GE Healthcare, GEA Filtration, OSMO Membrane Systems GmbH and Siemens Water Technologies
London, 18 March 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Cross-flow Membrane Market 2015-2019. The increase in industrialization is one of the key trends emerging in the market. The increase in the use of water for domestic and industrial purposes has necessitated water reuse and recycling. This requirement has led to an increase in the demand for cross-flow membranes in industrial and municipal wastewater treatment processes. The Global Cross-flow Membrane market is expected to witness steady growth during the period 2014-2019, posting a CAGR of 6.22 percent.
The growth of the market is predominantly driven by the increased demand for applications in the Desalination and Municipal Water Purification, Pharmaceutical, Power Plant, and Microelectronics industries. Also, the reduced cost of technology and enhanced efficiency have made these membranes an integral part of the municipal water supply chain.
“Consumers are moving toward sophisticated lifestyles and are more aware of the need for hygienic and safe products,” says Faisal Ghaus, Vice President of Technavio Research.
“The increased demand for potable water in developing countries is one of the main reasons for the increase in applications of water treatment processes such as cross-flow desalination, especially in the APAC and MEA regions.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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