The global membrane bioreactor (MBR) market size was USD 2.98 Billion in 2019, and it is anticipated to reach USD 4.99 Billion by 2027, at a CAGR of 7.1% during the forecast period.
Vancouver, British Columbia, Jan. 18, 2021 (GLOBE NEWSWIRE) -- The global membrane bioreactor market is expected to reach a market size of USD 4.99 Billion growing at a CAGR of 7.1% during the forecast period, according to latest analysis by Emergen Research. This projected rapid growth can be attributed to increasing activities related to recycling of contaminated water discharged during manufacturing processes in various industries. Manufacturers are increasingly investing in research and development activities to make advanced wastewater treatment plants more energy-efficient and cost-effective for adoption across industries.
Rising need for better-quality treated water has resulted in increased utilization of ultra-filtration membranes, which is boosting demand for membrane bioreactors globally. Stringent government regulations regarding degradation of the environment has also been resulting in increased utilization of membrane bioreactors, as they consist of a biological reactor. Moreover, industries are increasingly utilizing membrane bioreactors as these are more eco-friendly and help in the recycling of large amounts of water used in manufacturing and other processes.
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Companies Profiled in this Report are:
Toray Industries, Evoqua Water Technologies LLC, Veolia Water Solutions & Technologies S.A., SUEZ, Kubota, Mitsubishi Chemical Holdings, Koch Separation Solutions, Huber Technology, Parkson Corporation, and Alfa Laval AB
Key Highlights of Report
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Emergen Research has segmented the global membrane bioreactor market on the basis of system configuration, membrane type, application, and region:
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