Separation Machinery Market Research Report 2019 | Regional Insights & Forecast to 2024
Category: #business  By Partha Ray  Date: 2019-08-22
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Separation Machinery Market Research Report 2019 | Regional Insights & Forecast to 2024

North America separation machinery market procured 32% of global share in 2017 and is likely to emerge as a highly lucrative investment hub in the years to come. Regional governments of various countries have also enforced regulatory norms for sustainable waste water management, which by extension has also left a remunerative impact on the marketplace. For instance, under the SDWA (Safe Drinking Water Act), the U.S. EPA has established various treatment techniques and mentioned the maximum contaminant level that can be present in drinking water.

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Separation technology has lately become an indispensable part of process engineering, which has in consequence has allowed separation machinery market to witness a meteoric rise and become a subject of discussion at international platforms. FILTECH, the largest filtration exhibition across the globe, is an apt instance validating the aforementioned statement. FILTECH 2018 for instance, has shed a positive light on the growing popularity of separation equipment, with a participation count of around 380 exhibitors and 14,000 contenders from 73 nations across the world. The event was held alongside a three-day conference encompassing 534 filtration and separation research giants.

Separation Machinery Market, by Application

  • Life Sciences
  • Water & Wastewater
  • Transportation
  • HVAC & Environmental
  • Industrial Processing
  • Others

The growing global awareness regarding water scarcity, changing demographics and the increasing necessity of waste water treatment has significantly impacted separation machinery market share. In fact, as per the latest market assessment report, water & waste water applications, having accounted for 20% of separation machinery industry share in 2017, emerged as the dominant application segment in the same year. With world’s population expected to reach 8.5 billion by 2030, it is undeniable that water demand would continue to rise. In fact, according to estimates, global water demand is likely to reach almost 5.5 cubic kilometers by 2020.

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As per the estimation of 2017, countries experiencing high disposable incomes treat approximately 70% of the wastewater generated, whereas the ratio falls to 38% in upper middle-income countries and 28% in the lower middle-income countries. With the growing demand for advanced separation equipment that can effectively filter out contaminants, it is rather overt that waste water sector is a lucrative investment spot for separation machinery market players.

Amidst the backdrop of tremendous advancements in separation technology on a global scale, separation machinery market has become one of the most challenging yet remunerative business spheres in recent times. Due to immense competition and constant technological breakthroughs, separation machinery industry is replete with plethora of innovative approaches that  have the potential to disrupt the overall market dynamics. Deploying this technology across a plethora of industrial sectors has become mandatory as on today, given the zero-emission battle taken on by manufacturing companies that is soon to become highly technology intensive.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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