[108 Pages Report] The Electrodeionization
Market in 2019 is estimated to be USD 827 million and is projected to reach USD
1,124 million by 2024, at a CAGR of 6.3% from 2019 to2024. The key factor driving the
growth of the electrodeionization market is the increasing demand for ultrapure
water from the power generation, electronics & semiconductor, and
pharmaceuticals industries.
Major end-use industries in the electrodeionization market
include power generation, pharmaceuticals, electronics & semiconductor, and
others. The demand for ultrapure water from the power generation industry is
growing at a significant pace. Ultrapure water is needed to prevent clotting or
disruption in boiler tubes as well as high temperature corrosion. Major
challenges faced by manufacturers of electrodeionization include availability
of alternative technologies to produce ultrapure water.
The electrodeionization market in the Asia Pacific region is
projected to grow at the highest CAGR between 2019 and 2024. China, Japan, and
India have witnessed economic growth, owing to increased construction activity
and foreign direct investments undertaken for the expansion or upgradation of
manufacturing facilities. Moreover, initiatives undertaken by various
governments worldwide to support growth in the manufacturing sector, such as
power generation, pharmaceuticals, and electronics & semiconductor are further
expected to propel the demand for electrodeionization in the Asia Pacific
region.
In recent times, key companies have adopted various
strategies, such as new product launches, expansions, mergers &
acquisitions, and partnerships. These companies are also investing in R&D
activities to strengthen their sales and distribution networks, enhance their
market visibility, and strengthen their positions in the electrodeionization
market.
Ovivo Inc. (Canada), is one of the leading manufacturers of
electrodeionization systems. The company is focusing on business expansion
strategies, such as contracts to strengthen its market position and consolidate
its financial position in the electrodeionization market. In May 2016, Ovivo
was awarded a contract of worth over USD 21 million in China and the US. The
contract was to supply the ultrapure water system to leading the TFT/LCD
manufacturer in China and to the energy and electronic segment in the US. With
this contract, the company extended its global services. In February 2016,
Ovivo was awarded a contract worth over USD 420 million to provide ultrapure
water to a US-based semiconductor manufacturer. This contract helped Ovivo to
maintain its strong hold on the North American market.
Suez SA (France) is another key player in the
electrodeionization market. The company acquired GE Water & Process
Technologies to enhance the product portfolio of the company. The combination
of GE’s activities and Suez’s own industrial water treatment has covered the
wastewater process value chain to design and build projects which could further
serve multiple sectors of industries. With this, the company extended its reach
and strengthened its supply chain to produce high quality products for a wide
range of customers.
Key Market Players
Suez SA (France), Veolia Environnement S.A. (France), Evoqua
Water Technologies LLC (US), Qua Group (US), DowDuPont Inc. (US), Snowpure LLC
(US), Mega a.s. (Czech Republic), Ovivo Inc. (Canada), and Pure Aqua Inc. (US),
among others are the major players in the electrodeionization market. These
players have been focusing on developmental strategies, such as contracts,
mergers & acquisitions, expansions, and divestments, which have helped them
expand their businesses in untapped and potential markets. They have also been
adopting various organic and inorganic growth strategies, such as new product
developments, acquisitions, and expansions, to enhance their current positions
in the electrodeionization market.
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