Global MBR Market Flowing at 12.8% CAGR as New Applications, Environmental Regs Push Growth, According to BCC Research
(PRWEB) July 02, 2015 -- Membrane bioreactor systems (MBRs) have emerged as an effective solution to transforming various wastewaters into high-quality effluent suitable for discharge to the environment and increasingly into a reusable product. BCC Research reveals in its new report that during the next five years, sewage treatment will continue to be the primary use for MBR systems.
The global market for membrane bioreactor systems totaled $425.7 million in 2014 and is projected to approach $777.7 million by 2019, registering a five-year compound annual growth rate (CAGR) of 12.8%. As the largest segment, North America totaled $174.8 million in 2014 and should total $306.3 million in 2019, with a CAGR of 11.9%. Asia-Pacific, the fastest-growing region, reached $121.5 million in 2014 and should reach $270.6 million by 2019, with a CAGR of 17.4%. In all regions, issues of water quality, water quantity, and aging or non-existing infrastructure are driving market growth.
As MBR technology sees rising demand in North America and around the globe, the number of installations is expected to increase steadily. In the U.S. and other world regions, where wastewater treatment infrastructure lags behind population growth, MBRs will be increasingly implemented to make up the shortfall. Because of their small footprint, MBRs offer the potential to meet the needs of communities seeing increased flows but lacking sites to locate treatment plants.
For emerging countries with vast areas lacking sewer connections, MBR technology is increasingly providing a decentralized, robust, and cost-effective treatment for achieving high-quality effluent. MBRs also offer excellent retrofit capability for expanding or upgrading existing conventional wastewater treatment plants.
“Further improvements in MBR technology are expected to enhance the systems’ cost-effectiveness and public acceptance, increasing their role in wastewater treatment in the U.S. and worldwide,” says BCC Research analyst Lance Leverette. “The range of applications for MBRs will grow as governments pass more stringent regulations and water reuse initiatives and as technical improvements enable the systems’ adaption to, as yet, unaddressed waste streams.
Membrane Bioreactors: Global Markets (MST047D) analyzes the MBR market within four major geographical regions, providing information on regional economics, water needs, MBR experience, and proposed projects. Quantitative evaluations are provided, historically and for a five-year horizon.
Editors and reporters who wish to speak with the analyst should contact Steven Cumming at [email protected].
About BCC Research
BCC Research publishes market research reports that make organizations worldwide more profitable with intelligence that drives smart business decisions. These reports cover today's major industrial and technology sectors, including emerging markets. For more than 40 years we've helped customers identify new market opportunities with accurate and reliable data and insight, including market sizing, forecasting, industry overviews, and identification of significant trends and key market participants. We partner with analysts who are experts in specific areas of industry and technology, providing unbiased measurements and assessments of global markets. Recently selected as the world’s greatest market research company, BCC Research is a unit of Eli Global, LLC. Visit our website at http://www.bccresearch.com. Contact us: (+1) 781-489-7301 (U.S. Eastern time), or email [email protected].
Steven Cumming, BCC Research, http://www.bccresearch.com, +1 (781) 489-7301 Ext: 632, [email protected]
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