Umpteen Benefits of Electrodialysis Systems to Boost its Adoption
The global electrodialysis systems market is one of the most progressive industrial sectors in the current times, with the increase in demand for the wastewater treatment systems needed to purify and clean the wastewater released by the industries. It is a process where the positively charged ions are transported using the electric field as a driving force, as this has been a proven method of purification in use for a long time. Electrodialysis is therefore becoming a popular technique for wastewater treatment and seawater desalination.
With the water scarcity and other water-related issues faced across the world, there is a steep increase in the demand for such wastewater treatment plants and facilities where the wastewater is treated with new and effective techniques. The said market is expected to boom with an extreme level of water pollution arising in nearly every region of the world and the awareness regarding how to treat the wastewater and re-use it for our day-to-day purposes.
Increased Awareness of Water Pollution and the Benefits of Electrodialysis Systems to Spur the Market
Water pollution is one of the primary issues the world is facing today. Industries and commercial spaces releasing their hazardous wastewater into the natural water bodies like the ocean, lakes, rivers, ponds, etc., makes the water polluted and unsuitable for human use. For this, various water treatment systems are developed, of which the electrodialysis is one of those key systems.
People are now aware of the pollution, and they are taking preventive measures to avoid it. The said electrodialysis systems are installed for purifying and cleansing the wastewater and making it usable for daily use and drinking purposes. The increasing demand for water in commercial and non-commercial needs in urban, rural, and industrial sites poses a severe economic and ecological threat to water management techniques linked to waste disposal and resource depletion.
With the advancements in technology and the enormous industrial growth, the requirement for water in large volumes has escalated the need for water treatment plants. Further, the electrodialysis system is based on a laboratory membrane separation process driven by the force of current gradient potential. Here, the ions are transported through the permeable membrane under the influenced electric field from one stream to another and are the most common and widely used segment of such an electrodialysis system.
Widescale Applications of Electrodialysis Systems Create Myriad Opportunities
The growth of the electrodialysis market is based on the overall applications where the treatment of the wastewater or the desalination of the seawater are among the top. The wastewater treatment techniques are widely used nowadays for industrial, municipal as well as household use. It is used as an alternative to the RO systems and also for the seawater concentration for salt production. With the ongoing research and developments in the global electrodialysis systems market, it is predicted that the said market has great potential to grow at an impeccable rate in the near future.
Following is the list of the industries where the global electrodialysis market has a wide range of applications, which include Agriculture, Chemicals and Pharmaceuticals, Food-beverage and Tobacco Industry, Industrial Water Supply, Micro-Electronics, Mining and Metallurgy, Oil and Gas, Power Generation, Paper Industry and Hotel and Resorts. With these diverse applications, there is a wide range of opportunities in the global electrodialysis systems market.
Impact of Covid-19 on the Global Electrodialysis Systems Market
The Covid-19 Pandemic had a devastating impact on most countries that led to the shutting of operations of most industries. The huge supply and demand gap created in the manufacturing and distribution of the components and accessories used in the electrodialysis system has a huge impact on the overall growth of the electrodialysis system, which affects the overall sales of the product. The implications that may affect the overall liquidity and the revenue generation of the said market depend hugely on the global supply chain that is disrupted due to the Covid-19 wave. Despite the negative impact of the Pandemic on the market, the global electrodialysis systems market is attracting more consumers from various industries across the world that are trying to cater to the need for wastewater treatment for different needs on the go.
Regional Analysis of the Global Electrodialysis Systems Market
The global electrodialysis systems market is widely spread across the globe, including America, Europe, Asia-Pacific, the Middle East, and Africa. The Middle East and Africa have the major share of the market, with an estimated figure of USD 97 million in 2030 at a CAGR of 4.6%, which was earlier positioned at USD 65 million in 2021. The Asia-Pacific region stands at the second position, with a figure of USD 91 million in 2021, and is expected to reach USD 133 million by 2030 with an estimated CAGR of 4.3%. Other regions, including America and Europe, will also have a substantial share in the market, with estimated figures of USD 189 million and USD 167 million, respectively, over the forecasted period of 2022–2030.
Key Highlights
The global electrodialysis systems market is expected to grow to a value of USD 613 million by 2030 at a CAGR of 4.2% from the early figures of USD 423 million in 2021.
The continuous electrodialysis segment has a major share of the market when segmented by the type of the process. It is expected to account for a market value of USD 479 million, with a CAGR of 4.2% by 2030.
When segmentation by scale is considered, the industrial-scale dominates the entire market with a forecasted sale of USD 422 million in 2030 at a CAGR of 4.3%.
The Middle East and Africa are expected to have a market value of USD 97 million at a CAGR of 4.6% by 2030.
Competitive Players
The major players in the global electrodialysis systems market are - PCCEll GmbH, AGC Engineering Co., Alstom Corporation, Mega AS, Saltworks Technologies, SUEZ, etc.
Market News
In April 2022, Alstom Corporation partnered with SACE to promote the exports and procurement of Italian small and medium enterprises.
In February 2022, AGC Engineering increased its investments in the next-generation power semiconductor material developer technology.
In February 2022, Saltworks Technologies introduced ceramic ultrafiltration for industrial desalination and manufacturing.
In January 2022, SUEZ water technologies and solutions acquired the sentinel monitoring systems for real-time monitoring.