PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1454005
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1454005
According to Stratistics MRC, the Global Service De-Ionization Market is growing at a CAGR of 6.5% during the forecast period. A water treatment technique called service de-ionization is used to eliminate ionized contaminants from water, resulting in high-grade demineralized water suitable for a range of industrial uses. Using this technique, water is filtered through resin beds that have been specially made to exchange specific positive and negative ions with the unwanted ones in the water. Consequently, ions like calcium, magnesium, and other minerals are eliminated, resulting in the creation of low-conductive de-ionized water.
According to the American Water Works Association, the implementation of advanced water treatment technologies, such as membrane filtration and de-ionization processes, is crucial for meeting stringent water quality standards and ensuring the delivery of safe and potable water to communities across the nation.
Growing requirement for pure water
One significant factor propelling the service de-ionization market is the growing need for high-purity water in a variety of industries. Microelectronics, biopharmaceuticals, and research labs are among the industries that need water with very low impurity levels. Furthermore, service de-ionization is a vital solution for situations where water purity is essential to the effectiveness of the process and the final product since it provides a dependable way to attain the required water quality.
Excessive initial capital outlay
The initial setup cost can be a major obstacle, even though service de-ionization offers long-term cost savings through decreased chemical usage and operational efficiency. A significant upfront investment is required due to the need for resin regeneration facilities, the acquisition of specialized equipment, and installation costs. Additionally, smaller businesses or areas with tighter finances might be discouraged from implementing de-ionization solutions due to the cost factor.
Innovation and technological advancements
The market for service de-ionization has a lot of potential due to the ongoing advancements in water treatment technologies. It is anticipated that continued research and development will lead to de-ionization systems that are more economical and efficient. Moreover, advancements in automation, regeneration techniques, and resin technology can improve overall performance and make service de-ionization an even more appealing choice for a variety of industries.
Issues with the consumption of energy
De-ionization processes are energy-intensive, which could be dangerous given the increasing focus on sustainability and energy conservation. Concerns about the environment and rising energy costs may push industries to look into less energy-intensive alternatives for water treatment. Additionally, to counter this threat, service de-ionization providers need to make investments in energy-efficient technologies and demonstrate their dedication to sustainability.
The market for service de-ionization has been significantly impacted by the COVID-19 pandemic. A temporary slowdown in industrial activities across various sectors was caused by the global health crisis, which also brought about lockdowns, uncertainties, and widespread economic disruptions. Numerous companies, particularly those classified as non-essential, postponed capital expenditures, such as purchases of water treatment equipment, due to operational difficulties. However, it is anticipated that renewed interest in service de-ionization will come from the focus on health and safety as well as an increased awareness of water quality as industries gradually recover and adjust to the new normal.
The Continuous Electrodeionization (CEDI) segment is expected to be the largest during the forecast period
It is projected that the continuous electrodeionization (CEDI) segment will have the largest share. The state-of-the-art CEDI water purification system produces high-purity, de-ionized water by removing ions from water using ion-exchange membranes and an electric field. Unlike conventional ion exchange techniques, this process does not require chemical regeneration, making it a more economical and environmentally friendly option. Furthermore, CEDI systems are especially popular in sectors like power generation, pharmaceuticals, and electronics manufacturing, where reliable, ultra-pure water is essential.
The Electronics and Semiconductor Manufacturing segment is expected to have the highest CAGR during the forecast period
The segment with the highest CAGR will be electronics and semiconductor manufacturing. The industry's need for de-ionized water is driven by the strict purity standards required to produce semiconductors and electronic components. The need for ultra-pure water is growing as a result of ongoing developments in electronics and the semiconductor industry, as well as growing complexity in manufacturing processes. Moreover, by effectively eliminating ions and other contaminants from the water, service de-ionization contributes significantly to meeting these strict requirements and guarantees the accuracy and dependability of semiconductor manufacturing.
With a strong emphasis on technological advancements, strict water quality regulations, and a robust industrial landscape, the North American region holds the largest share of the market for service de-ionization. The need for de-ionization services is increased by the region's numerous industrial sectors, which include the production of electronics, power, and pharmaceuticals. All of these industries rely significantly on high-purity water for their operations. Furthermore, adoption of cutting-edge water treatment technologies is also accelerated by North America's proactive regulatory framework, which places a high value on water quality compliance.
The service de-ionization market is expected to grow at the highest CAGR in Europe due to a combination of advanced industrial activities, strict environmental regulations, and a dedication to sustainable practices. High-purity water is in high demand across a variety of industries, including biotechnology, electronics manufacturing, and pharmaceuticals, in European nations like Germany, the UK, and France. Additionally, the adoption of effective de-ionization services is fueled by the region's emphasis on environmental stewardship and adherence to stringent water quality standards.
Key players in the market
Some of the key players in Service De-Ionization market include Suez SA, Veolia Environnement S.A., Dow Water & Process Solutions, ResinTech Inc., Ion Exchange (India) Limited, Evoqua Water Technologies LLC, Puretec Industrial Water, SnowPure Water Technologies, Ovivo Inc. and Aquatech International Corporation.
In February 2024, French utility Veolia, opens new tab has agreed to buy a 430-megawatt, gas-fired power plant in Hungary from Uniper, opens new tab, the companies said, marking the German group's latest asset disposal to meet EU conditions imposed as part of its bailout in 2022. The gas-fired, combined-cycle power plant is in Gonyu, north-west Hungary, and was commissioned in 2011.
In December 2023, ResinTech, a leading innovator in the production of ion exchange resins, announced a significant expansion to its Camden, NJ headquarters. The company has awarded the expansion contract to Penntex Construction, a move aimed at bolstering production capacity for its premium quality US resin and filter manufacturing, as well as the burgeoning lab services business.
In May 2023, Dow and New Energy Blue announced a long-term supply agreement in North America in which New Energy Blue will create bio-based ethylene from renewable agricultural residues. Dow expects to purchase this bio-based ethylene, reducing carbon emissions from plastic production, and using it in recyclable applications across transportation, footwear, and packaging.