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Membrane Bioreactor Market Growth, Latest Trends, Share Analysis, Report 2033
Membrane Bioreactor Market Growth
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According to The Business Research Company's, The membrane bioreactor market size has grown rapidly in recent years. It will grow from $3.82 billion in 2023 to $4.27 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to increased water scarcity and growing demand for water reuse, population growth and urbanization leading to increased wastewater generation, focus on energy efficiency and reduced chemical usage in treatment plants, need for compact and space-efficient wastewater treatment solutions, government initiatives and funding for advanced water treatment technologies.
The membrane bioreactor market size is expected to see rapid growth in the next few years. It will grow to $6.68 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to adoption of membrane bioreactors for industrial wastewater treatment, integration of artificial intelligence (ai) and automation in mbr systems, demand for advanced nutrient removal and resource recovery processes, expansion of mbr technology in desalination and water purification, emphasis on decentralized wastewater treatment systems. Major trends in the forecast period include integration of membrane technology with anaerobic digestion, focus on zero liquid discharge (zld) solutions, advancements in membrane materials and module design, use of hollow fiber membranes for mbr systems, hybrid systems with advanced oxidation processes (aops).
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Market Drivers and Trends:
The rising prevalence of water pollution is significantly contributing to the growth of the membrane bioreactor market. Water pollution occurs when toxic substances, often chemical products or microorganisms, are discharged into a stream, river, lake, or ocean. Such occurrences of water pollution arise from the scarcity of pure and drinkable water. Due to the sheer rise in water pollution, these membrane bioreactors serve as a viable alternative for water treatment via microfiltration or ultrafiltration. For instance, in September 2023, the WHO reported that in 2021, more than 2 billion individuals resided in water-stressed countries facing. Furthermore, in 2022, around 1.7 billion people worldwide relied on drinking water tainted with fecal matter. Therefore, the rising water pollution is expected to boost demand for the growth of membrane bioreactors during the forecast period.
Technological advancement is a key trend gaining popularity in the membrane bioreactor market. Major companies operating in the membrane bioreactor market are focused on providing technologically-advanced water treatment solutions to strengthen their market position. These companies are implementing advanced technological frameworks into their treatment solutions, such as microfiltration, ultrafiltration, a rotating biological contactor, aeration technology, mechanical filtration, and others that offer a high level of organic and suspended solids removal. For Instance, In March 2022, Japan-based Toray Industries, a water treatment membrane, and technical services company, launched the TBW-HR series of ultralow-pressure reverse osmosis membrane elements that enhance neutral molecule rejection. With the help of controlling RO membrane micropore sizes and membrane structures, these new offerings significantly improve the rejection of silica, boron, and other neutral molecules from untreated water.
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Major Key Players of the Market:
Suez SA, Kubota Corporation, Evoqua Water Technologies LLC, Mitsubishi Chemical Corporation, Toray Industries Inc., CITIC Envirotech Ltd., Koch Membrane Systems Inc., Alfa Laval AB, Veolia Environnement S.A., newterra ltd., General Electric Company, B&P Water Technologies S.r.l., MANN+HUMMEL Water & Fluid Solutions GmbH, HUBER SE, Aqua-Aerobic Systems Inc., Aqua Membranes Inc., BioprocessH2O LLC, DAS Environmental Expert GmbH, Dow Water & Process Solutions, Hydranautics, LG Chem Ltd., Membrane Specialists LLC, Microdyn-Nadir GmbH, Pentair plc, Siemens Water Technologies Corp., Sociedad de Fomento Agrícola Castellonense S.A.
Membrane Bioreactor Market 2024 Key Insights:
• The membrane bioreactor market size is expected to see rapid growth in the next few years. It will grow to $6.68 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%.
• Water Pollution Surge Spurs Growth In The Membrane Bioreactor Market
• Technological Innovations Propel The Membrane Bioreactor Market Forward
• Asia-Pacific was the largest region in the membrane bioreactor market in 2023, and it is expected to be the fastest-growing region in the forecast period
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