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Deionized Water Systems Global Market 2024 - Industry Trends, Share, Size, Growth, Opportunity And Forecast 2033
Deionized Water Systems Global Market
According to The Business Research Company's, The deionized water systems market size has grown strongly in recent years. It will grow from $7.21 billion in 2023 to $7.84 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to industrial processes demand, stringent quality standards, growing laboratory and healthcare needs, expansion of semiconductor industry, water treatment for steam generation..
The deionized water systems market size is expected to see strong growth in the next few years. It will grow to $10.84 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to rising demand in biopharmaceuticals, advancements in healthcare technologies, expansion of electronics industry, increasing regulatory compliance, growing importance in food and beverage.. Major trends in the forecast period include integration in laboratory and analytical applications, customization for specific industrial processes, adoption in food and beverage production, emphasis on remote monitoring and control..
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Market Drivers and Trends:
Rising demand for renovation projects is expected to boost the growth of the deionized water system market going forward. Renovation projects refer to work to improve or update an existing structure, including repairing damage, replacing outdated materials, or adding new features. Deionized water is used in renovation projects as a cleaning and rinsing solvent. It can remove dirt, grime, and other contaminants from surfaces and be used as cool equipment in renovation projects. For instance, in April 2022, according to a survey of 67,554 users on home renovations by Houzz, a US-based online community and software for architecture, around 55% renovated in 2021, up from 53% in 2020 with median spending of $18,000 in 2021. Therefore, the rising renovation projects are driving the growth of the deionized water system market.
Major companies operating in the deionized water system market focus on developing advanced innovative products such as intelligent lab water systems to provide reliable customer service. An intelligent lab water system is a laboratory water purification system that uses sensors, automation, and data analytics to monitor and control the water purification process. For instance, in June 2021, Avidity Science LLC, a US-based innovative water purification and delivery system provider, launched the I-Series, a new range of intelligent laboratory water purification systems. It is uniquely designed with a twin-pass reverse osmosis (RO) system, which extends the life of the deionization cartridges used to produce the ultra-pure Type 1 water required by the most demanding applications and achieves a much higher ion rejection rate than standard RO, even with the most difficult of feed water qualities. The I-Series' pre-treatment step allows flexibility in choosing the best treatment to suit the feed water, avoiding adding softeners before the RO stage and protecting the RO membrane by removing particles and chlorine from the feed water.
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Major Key Players of the Market:
Veolia Water Technologies & Solutions, Nancrede Engineers Company Inc., US Water Systems Inc., Sigma-Aldrich, Evoqua Water Technologies Corp., Culligan Water, Ryan Herco Flow Solutions, Cole-Parmer, Applied Membranes Inc., Newater Technology Inc., W.D. Service Co. Inc., Puretec Industrial Water, Aqua Systems Inc., Besco Water Treatment Inc., GlobalSpec Inc., Frontier Water Systems LLC, Trebor International Inc., Total Water LLC, EMD Millipore, NU Aqua Systems, Kissane Water Conditioning Inc., PureAqua Inc., Complete Water Solutions, Dayton Water Systems, Winter Industrial Water Treatment
Deionized Water Systems Market 2024 Key Insights:
• The deionized water systems market is expected to grow to $10.84 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%.
• Surge In Renovation Projects Fuels Growth In The Deionized Water System Market
• Intelligent Lab Water Systems Transforming The Deionized Water System Market
• North America was the largest region in the deionized water systems market in 2023.
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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