Published on : Apr 12, 2017
Albany, New York, April 12, 2017: The 79-page research study throws light on the key factors that are projected to influence the growth of the global high-purity water treatment market in the next few years. As per the report, the market is predicted to register a healthy 8.0% CAGR between 2017 and 2021.
The rising demand for clean water and the rise in the semiconductor wafer size are anticipated to encourage the growth of the global high-purity water treatment market in the coming years. In addition, the high level of industrial development and the rising demand from the healthcare industry in developing nations are projected to fuel the growth of the market in the forecast period. On the other hand, the growing need for reliable power source for UV technology and stringent validation requirements are expected to restrict the growth of the market in the next few years. The evolution in microelectronics and the technological advancements in the membrane technology are estimated to generate promising opportunities for the leading players in the market.
On the basis of end use, the global market for high-purity water treatments has been divided into pharmaceutical, power, and electronics industries. In 2016, the electronics industry segment is expected to lead the global market and attain a massive share in the next few years. The growing demand for high-purity water in the semiconductor and solar industries is predicted to encourage the growth of this segment in the near future. Furthermore, the development of the consumer electronics industry, thanks to several factors such as the rising number of new product launches and the substantial rise in the living standards are estimated to accelerate the growth of the market in the near future.
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From a geographical point of view, Asia Pacific is anticipated to witness a high level of growth in the near future. The vigorous growth of this region can be attributed to the potential rise in the level of water toxicity and the robust rate of industrialization. In addition, governments of several nations in Asia Pacific are focusing on increasing their investments in order to improve the water infrastructure. This is predicted to boost the demand for high-purity water treatment machine. Furthermore, the presence of leading semiconductor device manufacturers in China, Japan, Taiwan, and South Korea is projected to contribute towards the development of the market in the near future.
Some of the leading players operating in the high purity water treatment market across the globe are Graver Technologies, RWL Water, Nomura Micro Science, Calgon Carbon, American Water, Veolia, NALCO, Ovivo, Organo Corporation, GE Water & Process Technologies, RainDance Water Systems, Thermo Fisher Scientific, Hydranautics, Pall, Lenntech, Koch Membrane Systems, and Total Water. The rising level of competition in the market, the key players are emphasizing on the expansion of the product portfolio to enhance their marker penetration across the globe.
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