Greentech Lead America: Global markets for wastewater-recycling and reuse technologies during the period from 2009 to 2012 increased from nearly $6.7 billion to $9.5 billion, equivalent to a compound annual growth rate (CAGR) of 12.6 percent, says a new report from Global Information Inc.
From 2012 through 2017, global recycling markets are expected to expand more rapidly as global economies continue to recover from the global turndown. Global markets are expected to increase from $9.5 billion in 2012 to $23.4 billion in 2017, reflecting a five-year CAGR of 19.7 percent.
According to GII, the global membrane bioreactor market was worth $838.2 million in 2011 and is expected to witness positive growth and revenue sales through 2018. This does, however, mask important trends.
While Europe and North Americahave been the traditional markets for MBR sales, it is Asia Pacific and the Middle East that are anticipated to be the leading markets in the upcoming years. Municipalities, which are important large buyers of MBR technology, will be the driving forces in Asia Pacific while many companies will look to industrial clients in Europe and North America for sales, the report said.
Recently SBI Energy predicted that microfiltration and nanofiltration will lead the total market for Membrane Wastewater Treatment (MWWT) technologies, which will post a 15.5 percent compound annual growth rate (CAGR) through 2021.
Membrane wastewater treatment technologies use semi-permeable membranes to divide effluents and are presented in four primary categories: microfiltration, ultrafiltration, nanofiltration, and reverse osmosis.