Ultrapure Water Market Competitive landscape, Key company profile analysis and Opportunities
Ultrapure
Water Market
In 2023, it is predicted
that the market for ultrapure water market would be worth US$
8.8 billion. The market is expected to show an 11.1% CAGR from 2023 to 2033. By the end of 2033, it's predicted to
produce a market size of US$ 25.2
billion.
Use of ultrapure water in the
electronics sector would help in preventing the accumulation of impurities that
could damage sensitive components. Semiconductor sector is one of the prominent
end-use industries holding a significant share of around 55% of the
global market in 2023.
Growing need for ultrapure water in
the production of electronic components has increased with robust expansion of
the electronics sector.
Significant increase in the
consumption of ultrapure water from several end-use industries such as power
generation and pharmaceuticals among others is another key factor driving
growth.
Insights into Market Trends: Exploring the Latest
Developments in the Ultrapure
Water Industry - Download our Sample
Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-17327
Ultrapure water is used in power
generation facilities for the production of steam, which is used to generate
electricity. With rising demand for electricity worldwide, demand for ultrapure
water in power generation is also increasing.
The ultrapure water industry is
experiencing rapid technological advancements in water treatment, filtration,
and purification techniques. Innovations such as reverse osmosis,
nanofiltration, and ultraviolet (UV) disinfection systems have made it easier
to achieve high levels of purity in water. These technologies are becoming more
efficient and cost-effective, which is driving growth in the ultrapure water
industry.
Key Takeaways from Ultrapure Water Market Study:
·
The global market for ultrapure water is projected
to witness a CAGR of 11.1% during
evaluation period between 2023 and 2033.
·
By delivery method, the on-site generation segment
is expected to account for about 53.4%
of the total share in 2023.
·
Merck Group, General Electric, Veolia Water
Technologies, Thermo Fisher Scientific, and Pall Corporation currently hold a
share of 35% to 40%.
·
By end-use industry, the semiconductor segment is
estimated to consume around 136.7
billion gallon of ultrapure water in 2023.
·
The global ultrapure water industry exhibited a
CAGR of 4.6% in the historical
period.
“The
global market is expected to surge due to a shift toward sustainability and
significant technological advancements in the water treatment process. It would
also be propelled by continued development of several sectors, particularly in
emerging nations.” – says a lead analyst at Future Market Insights
(FMI)
Competitive Landscape
The market for ultrapure water is estimated to be a
consolidated industry, where key players are expected to account for a
significant share. They are focusing on expansion of domestic production and
technology areas of ultrapure water to provide cost-efficient solutions to
consumers.
Manufacturers are also focusing on rapidly growing sectors
such as pharmaceutical, electronics, semiconductors. They are aiming for rapid
development and long-term presence in the market.
Several market participants are
investing in the development of new products and innovation on the existing
ones to develop high-end products to satisfy customers’ needs. These companies
are also focusing on delivering innovative solutions while maintaining
sustainable development to maintain their dominance across the globe.
Merck Millipore, Pall Corporation,
Suez Water Technologies & Solutions, Veolia Water Technologies, ELGA
LabWater, Aqua Solutions, Evoqua Water Technologies, Media Analytics Ltd.,
Agilent Technologies, Biobase Biodustry, Bio-Rad Laboratories, Bruker
Daltonics, Calgon Carbon Corporation, Hach Company, Nanostone Water, and
Purolite Corporation are few of the manufacturers of ultrapure water profiled in
the full version of the report.
For instance,
·
Envirogen Group unveiled
LabPure, a centralized, energy-efficient water purifying system, in January
2023. It is primarily produced for use in laboratories, where type 1
ultrapure water is required. It can combine continuous ultrapure water
operation with an ownership cost based on tried-and-true RO-EDI technology.
Get More Valuable Insights into the Ultrapure
Water Market Report
In its latest report, Future Market Insights (FMI) offers an
unbiased analysis of the global ultrapure
water market, providing historical data from 2018 to 2022 and forecast
statistics for the period 2023 to 2033. To understand the global market
potential, growth, and scope, the market is segmented based on delivery method
(bulk delivery, packaged containers, and on-site generation), technology
(reverse osmosis (RO), ion exchange (deionization), distillation, filtration,
electrodialysis, and UV or ozone treatment), end-use industry (semiconductor,
pharmaceuticals, biotechnology, laboratories, power generation, and food &
beverage industry), and regions.
Ultrapure
Water Market Outlook by Category
By
Delivery Method:
·
Bulk Delivery
·
Packaged Containers
·
1-liter Bottles
·
5-gallon Jugs
·
55-gallon Drums
·
Others
·
On-site Generation
By
Technology:
·
Reverse Osmosis (RO)
·
Ion Exchange (De-ionization)
·
Distillation
·
Filtration
·
Electrodialysis
·
UV or Ozone Treatment
By
End-use Industry:
·
Semiconductor
·
Cleaning
·
Etching
·
Polishing
·
Pharmaceuticals
·
Biotechnology
·
Laboratories
·
Power Generation
Food & Beverage Industry
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