Electrodeionization Market worth $1,124 million by 2024 | Key players Suez SA (France), Veolia Environnement S.A. (France), Evoqua Water Technologies LLC (US).

According to recent market research the "Electrodeionization Market by Design (Plate and Frame Construction, and Spiral Wound Construction), End-use Industry (Power Generation, Pharmaceuticals, Electronics & Semiconductor), and Region - Global Forecast to 2024" The electrodeionization market in 2019 is estimated to be USD 827 million and is projected to reach USD 1,124 million by 2024, at a CAGR of 6.3% from 2019 to 2024. This growth is mainly attributed to the increasing demand for ultrapure water from varied end-use industries such as power generation, pharmaceuticals, electronics & semiconductor and among others.

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The power generation end-use industry segment is estimated to account for the largest share of the electrodeionization market in 2019. Electrodeionization plays an important role in the power generation industry, which produces ultrapure water to enable high pressure and smooth functioning of turbines. Ultrapure water avoids clotting or disruption in boiler tubes as well as high temperature corrosion. The recognition of the enhanced effect of ultrapure water for power generation has led to an increase in the demand for electrodeionization in the power generation industry.

The Plate and Frame construction design is expected to account for the largest share of electrodeionization market in 2019. EDI systems with such designs operate under the co-flow configuration, in which, the direction of flow in the concentrate chamber is the same as in the diluting chamber. The product compartments are identical to each other, as are the reject compartments, due to which, the plate & frame design offers the advantage of equal water flow and electric current distribution among the stacks. This design has lower operating cost, simple design and high durability, due to which, the demand for plate & frame construction is expected to grow during the forecast period.

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The Asia-Pacific region is estimated to account for the largest share of the electrodeionization market in 2019 followed by North America and Europe. China is one of the major consumers of electrodeionization in the Asia-Pacific region. Availability of cheap labor and increasing foreign direct investments in the power generation, pharmaceuticals and electronics & semiconductor industries in the Asia-Pacific region are anticipated to drive the demand for electrodeionization.

Key market players covered in this report include Suez SA (France), Veolia Environnement S.A. (France), Evoqua Water Technologies LLC (US), Qua Group (US), DowDuPont Inc. (US), Snowpure LLC (US), Mega a.s. (Czech Republic), Ovivo Inc. (Canada), Pure Aqua Inc. (USA) and among others.

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Ovivo Inc. (Canada) is one of the leading manufacturers of electrodeionization systems. The company is focusing on business expansion strategies, such as contracts to strengthen its market position and consolidate its financial position in the electrodeionization market. In May 2016, Ovivo was awarded a contract of worth over USD 21 million in China and the US. The contract was to supply the ultrapure water system to leading the TFT/LCD manufacturer in China and to the energy and electronic segment in the US. With this contract, the company extended its global services. In February 2016, Ovivo was awarded a contract worth over USD 420 million to provide ultrapure water to a US-based semiconductor manufacturer. This contract helped Ovivo to maintain its strong hold on the North American market.

Suez SA (France) is another key player in the electrodeionization market. The company acquired GE Water & Process Technologies to enhance the product portfolio of the company. The combination of GE's activities and Suez's own industrial water treatment has covered the wastewater process value chain to design and build projects which could further serve multiple sectors of industries. With this, the company extended its reach and strengthened its supply chain to produce high quality products for a wide range of customers.

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