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COVID-19 Study of Ro Water Treatment System Components Market to Create Lucrative Opportunities for Existing Companies as Well as New Players
Ro Water Treatment System Components Market
Our report includes:
Technological Impact
Social Impact
Investment Opportunity Analysis
Pre- & Post-COVID Market Scenario
Infrastructure Analysis
Supply Side & Demand Side Impact
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According to a new report published by Research Dive, the global RO water treatment system component market is anticipated to generate a revenue of $13,687.3 million by 2026, at a CAGR of 17.0% in the forecast time from 2019 to 2026. The global market segmentation has been done on the basis of component, end use and region. The report provides detailed information about drivers, opportunities, restraints, segmental analysis and competitive players of the market. As per our analysts, increasing awareness on consumption of contaminated water is significantly driving the growth of the market. However, huge installation costs required for RO systems due to the presence of several components are expected to hinder the RO water treatment system components market growth.
RO Membrane Module Segment has Dominant Market Share
Based on component, the overall market is segmented into cartridge pre-filters, RO pumps, RO membrane modules, pressure vessels and ancillary components. Among these, RO membrane modules component dominated the market in the year 2018 and is expected to register for $3,764.0 million in 2026. Membrane model is a key component in the RO treatment systems. In addition, many researchers are emphasizing on efforts to design novel membrane modules to minimize fouling and scaling effect on membranes, which will accelerate the growth of the market in the projected time.
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Residential End Use Will Grow at a Significant Rate throughout the Forecast Years
On the basis of end use, the RO water treatment system component market is classified into residential and non-residential. The market for residential will witness to rise at a faster rate of 17.9% CAGR and is predicted to register for $6,980.5 million till the end of 2026. Rapidly increasing urban populace owing to urbanization is generating huge quantities of wastewater from residential areas, which is expected to drive the need of RO treatment processes; this factor will fuel the market size in the forecast time. Non-residential end use segment accounted for an evident market size and is projected to experience considerable growth during the forecast time.
Regional Outlook and Major Market Players
North America market has dominated the global market share, which was approximately 32.0% in previous years and is estimated to reach up to $4,106.2 million till 2026. This dominance is attributed to the presence of well-organized water treatment processes in North America. Asia-Pacific RO water treatment system component market will experience a noteworthy growth and projected to generate a revenue of $3,545.0 million by the end of 2026, at a CAGR of 17.5%. This expected rise in the Asia-Pacific market is majorly due to growing shortage of drinking water owing to increasing population across Asia-Pacific, and this aspect is predicted to boost the market growth in the projected time.
The most prominent players in the global RO water treatment system component market include MICRODYN-NADIR, LG Chem., TORAY INDUSTRIES, INC., LANXESS, Hydranautics - A Nitto Group Company, membranium, AXEON, Koch Membrane Systems, Inc., TOYOBO CO., LTD, Dow and Uniqflux Membranes LLP.
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About Us
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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