Technology - - May 03,2017
With the rising population, demand for water consumption for domestic, agricultural and industrial purposes is increasing.
As the cost of wastewater disposal is increasing and water resources are shrinking, the need for wastewater treatment technologies such as the reverse osmosis (RO) water filter is rising rapidly. According to recent informative market report on market research hub, the global reverse osmosis (RO) systems market is expected to rise at a CAGR of 7.47% during the forecast period of 2017-2021. This growth is mainly driven by the growing demand for safe and clean water. The RO wastewater treatment technology efficiently uses the discarded water from industries and makes them suitable for reuse for different purposes and thus, reduces the pressure on groundwater. Besides this, the RO plant can remove the particulate contaminants from the water to ensure safe drinking water, which will increase the demand for RO purifier systems globally.
The global RO systems market can be segmented on the basis of end-user into residential and industrial. Between them, the residential end-user segment has the largest market share, due to the increased demand for safe drinking water from municipalities and residential segments. Since the demand for RO purifier systems is rising with the growing of economy and urbanization, this market segment is expected to remain lucrative over the coming years.
Geographically, Asia Pacific region is the largest contributor of revenue in the global RO systems market and is expected to remain dominant throughout the period of 2017-2021. Factors responsible for this dominance are the growing population and rising industrialization in emerging economies, such as China, India and Australia. Another reason for growth is the supportive regulatory policies to induce industrial water reuse in the region.
Key players operating in this market include Evoqua Water Technologies, GE Water & Process Technologies, Pall Corporation, OSMO Membrane Systems and Dow Chemical Company.
For more information on this report visit - http://www.marketresearchhub.com/report/global-reverse-osmosis-ro-systems-market-2017-2021-report.html