Emphasis on Design (Spiral Wound construction and Plate & Frame Construction); End-Users (Pharmaceutical, Power Generation, Chemicals, Electronic & Semiconductors, others); and Region/Country
The global Electrodeionization Market is expected to grow at a significant rate of around 7% during the forecast period. An electrodeionization is defined as the continuous & chemical-free process of removing ionized & ionizable species or material from the feedwater by using DC power. Electrodeionization is governed by reverse osmosis and is considered the smart alternative and effective replacement of the conventional mixed bed ion exchange. Electrodeionization uses ion exchange resins, ion exchange membranes, and electricity in order to produce high-quality water with no regeneration downtime. In recent times, the electrodeionization market has witnessed significant market growth owing to the increasing demand for ultrapure water from the electronics & semiconductor, pharmaceutical industries, and power generation across the globe. Additionally, electrodeionization is gaining momentum in the food & beverage industry, cosmetic industry, and others due to the no requirement of the risky acidic chemicals regeneration.
Angstrom Mühendislik, Axeon Water Technologies, Mega A.S., Snowpure, LLC, Ovivo Inc., Pure Aqua Inc., Veolia Environment S.A., Suez SA, DowDuPont Inc., and Qua Group are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst design, the plate and frame category to witness higher CAGR during the forecast period”
Based on the design, the market is segmented into spiral wound construction and plate & frame construction. The plate & frame construction witnessed significant market growth during the forecast period due to their simple operational nature, lower operational & maintenance costs, and longer durability. The plate & frame construction consists of two compartments that are identical to each other and offers equal water flow and electric current distribution among the lower operational cost and other stacks.
“Amongst end-users, the power generation segment holds a significant share in the market in 2020”
Based on the end-users, the market is categorized into chemicals, power generation, pharmaceuticals, electronic & semiconductors, and others. The power generation segment witnessed a significant CAGR during the forecast period due to the increasing demand for pure water to prevent clotting and disruption in the boiler along with the safety from the flow of the hot water. However, the electrodeionization for the pharmaceutical industry will witness significant market growth during the forecast period due to their use as the water for injection (WFI) as per US pharmacopoeia and FDA standards.
“Asia-Pacific to hold a significant share in the market”
In 2020, Asia-Pacific held a significant share of the global electrodeionization market. This is mainly attributed to the FDI flow which allows the companies to expand their infrastructure and research & development activities. In addition, growing construction activities in the region support the demand for electrodeionization in the manufacturing sector such as pharmaceuticals, electronics & semiconductors, and power generation with other. Also, the rapid urbanization, industrialization, growing disposable income, and surging per capita spending of individuals in the emerging economies of the region are driving the growth of the market. Moreover, the increasing investment and merger & acquisition activities in the region are expected to expand the overall market for electrodeionization. For instance, in April 2021, Evoqua Water Technologies acquired Water Consulting Specialists, Inc. which is a global leader in the manufacturing, design, and service of industrial water treatment this will strengthen the company’s presence in the Asia Pacific continent.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Electrodeionization Market
6. Electrodeionization Market Revenue (usd Bn), 2020-2028f
7. Market Insights By Design
8. Market Insights By End-users
9. Market Insights By Region
10. Electrodeionization Market Dynamics
11. Electrodeionization Market Opportunities
12. Electrodeionization Market Trends & Insights
13. Demand And Supply Side Analysis
14. Value Chain Analysis
15. Competitive Scenario
16. Company Profiled
17. Disclaimer
Research Methodology for the Electrodeionization Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global electrodeionization market were the three major steps undertaken to create and analyze the adoption of electrodeionization in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global electrodeionization market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the electrodeionization market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the electrodeionization market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as designs and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the electrodeionization market. Further, we conducted factor analysis using dependent and independent variables such as various designs and end-users of electrodeionization. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the electrodeionization market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global electrodeionization market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global electrodeionization market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of designs and end-users in the global electrodeionization market.
The main objective of the Global Electrodeionization Market Study
The current & future market trends of the global electrodeionization market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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