New York, USA, Nov. 09, 2020 (GLOBE NEWSWIRE) -- A latest report on the global RO water treatment system market has been published by Research Dive. The report presents in-depth insights on the impact of COVID-19 pandemic on the current and future growth of the global industry, by analyzing important factors such as key drivers & limitations, newest trends & advances, regional market circumstances, and size & scope of the market in the course of the pandemic. The report states that the COVID-19 pandemic has made a positive impact on the market growth.
Factors Impacting the Market Growth during COVID-19 Pandemic
The global RO water treatment system market has recorded a revenue of $6,299 million during the coronavirus outbreak, increasing from the pre-COVID estimation of $4,941.1 million. The main attributor of this growth is the increasing need of purified drinking water to prevent the spread of coronavirus.
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Another reason behind the growth of this market is the growing industrialization and urbanization and the huge amount of wastewater generated by the industries. These are the factors impacting the growth of the global RO systems for the treatment of wastewater.
Highlights of the Report
- The CAGR of the RO water treatment market, as estimated before the outbreak of the COVID-19 pandemic, was 8.2% in the estimated period, 2019—2026.
- The CAGR of the global industry post the rise of the COVID-19 pandemic, has reached 17% during the projected period, 2020—2027.
- The size of the global RO water treatment sector in 2020, as estimated before the beginning of the COVID-19 pandemic, was $ 4,941.1 million.
- The present market size (2020), bearing the after-effects of the COVID-19 pandemic, is $6,299 million.
Present Scenario of the Market due to COVID-19 Crisis:
The COVID-19 pandemic has impacted the RO water treatment system component market positively. As per the World Health Organization (WHO) suggestions, the water supplies should be kept safe, as the transmission of coronavirus can easily grow through drinking water and sewage water. This factor is significantly boosting the adoption of RO water treatment systems contributing to the growth of the market.
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For instance, the water quality association (WQA) in the U.S. is working with Shelter-in-Place directives during the pandemic. They have assured that essential services such as water treatment services and product supply don’t get interrupted even during the crisis of the pandemic.
Future Scope of the Industry
The post-Covid 19 market for RO water treatment system market will witness a positive growth. The key players of the industry are focusing and developing various business strategies to sustain the growth of the market.
As per the report, the leading players of the global RO water treatment system market include -
- LG Chem.
- MICRODYN-NADIR
- LANXESS
- Hydranautics - A Nitto Group Company
- TORAY INDUSTRIES, INC.
- AXEON
- Koch Membrane Systems, Inc.
- membranium
- Dow and Uniqflux Membranes LLP
- TOYOBO CO., LTD.
Moreover, scientists are significantly making continuous improvements in RO membrane technologies to develop enhanced membranes and to extra-purify the drinking water to eliminate the virus, and also to overcome the technical issues associated with the membranes such as fouling and scaling. Quick Download Top Companies Development Strategies Summary Report
The report furnishes numerous strategies and tactics of the foremost players functioning in the market such as the latest strategic plans & developments, financial performance, product portfolio, and SWOT analysis.
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