The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Electrodeionization Market.
It was estimated prior to this unanticipated outbreak that the Electrodeionization Market was expected to grow at a CAGR of 6.1% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Electrodeionization is a type of water purification technology that uses the electricity, resin and ion-exchange membranes to deionize and separate the impurities in the form of dissolved ions from water.
Electrodeionizations are of different types, such as Plate & Frame Construction and Spiral Wound Construction, that are used in various end-use industries, such as power generation, pharmaceuticals, electronics & semiconductor, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the design type, the market is segmented as plate & frame construction and spiral wound construction. The plate & frame construction segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. Its lower operating cost, simple design, and high durability are propelling the growth during the forecast period.
Based on the end-use industry type, the electrodeionization market is segmented as power generation, pharmaceuticals, electronics & semiconductor, and others. The recognition of the enhanced effect of ultrapure water for power generation has led to an increase in the demand for electrodeionization in the power generation industry.
In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing electrodeionization market during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as power generation, pharmaceuticals, electronics & semiconductor, and others, which is generating huge demand for electrodeionizations and the presence of a large number of electrodeionization manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Some of the major electrodeionization manufacturers are-