Press release
Brine Concentration Technology (BCT) Global Market Size, Share Report, Growth Prospects, Developments Plans, Future Insights and Trends Analysis Till 2033
Brine Concentration Technology (BCT) Global Market
The brine concentration technology (bct) market size is expected to see strong growth in the next few years. It will grow to $18.41 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to shift towards sustainable solutions, globalization and market expansion, increase in aquaculture and seafood industry, focus on resource optimization, shift towards natural preservation. Major trends in the forecast period include hybrid technologies and processes, circular economy approach, focus on food quality and nutrient retention, customization and tailored solutions, carbon footprint reduction.
Market Overview -
Brine concentration technology refers to a process that purifies brine by removing hazardous salts from the water. The purpose of brine concentration technology is to create a sustainable method of extracting compounds from brine through the use of thermal-based brine crystallizers, reverse osmosis, and electrodialysis.
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Rising Energy Demand Fuels Growth In The Brine Concentration Technology (BCT) Market
An increase in demand for energy is expected to propel the growth of the brine concentration technology (BCT) market going forward. BCT can be used to concentrate brine streams from desalination plants, which can then be used to generate electricity using a technology called pressure retarded osmosis (PRO). For instance, in April 2023, according to a report published by the Energy Information Administration, a US-based government agency, the United States is projected to experience a growth in energy consumption across all forms, with an anticipated increase ranging from 0% to 15% from 2022 to 2050. Specifically, within the industrial sector, energy consumption is expected to rise by approximately 5% to 32% during the same period. In 2022, households in the U.S. residential sector purchased 5.1 quadrillion British thermal units (quads) of electricity, and residential consumption of purchased electricity is forecasted to increase by approximately 14% to 22% between 2022 and 2050 in all scenarios, reaching a range of 5.9 quads to 6.3 quads. Therefore, increased demand for energy is driving the growth of the brine concentration technology (BCT) market.
Competitive Landscape -
Major companies operating in the brine concentration technology (bct) market report are Veolia Environnement S.A., Dow Inc., DuPont de Nemours Inc., SUEZ Group, Tetra Technologies Inc., Pall Corporation, Evoqua Water Technologies Corp, Hyflux Ltd., H2O Innovations Inc., Aquatech International LLC, IDE Technologies Ltd., Koch Separation Solutions Inc., Saltworks Technologies Inc., Synder Filtration Inc., Samco Technologies Inc., AquaChem Inc., Gradiant India Pvt Ltd., Oasys Water Inc., Lenntech B.V., AquaChemie Chemicals Trading LLC, Advent Envirocare Technology Pvt. Ltd, Duraflow LLC, Rosenblad Design Group Inc., Modern Water plc, Enviro Water Minerals Company Inc.
Technological Innovations Driving The Brine Concentration Technology (BCT) Market
Advancement in technologies is a key trend gaining popularity in the brine concentration technology (BCT) market. Companies operating in the brine concentration technology (BCT) market are adopting new technologies to sustain their position in the market. For instance, in April 2022, Veolia Water Technologies, a France-based water services company, launched the Barrel, a device with plug-and-play reverse osmosis (RO) technology. The Barrel is a multi-RO element vessel that is made to be a plug-and-play system and is meant to handle the demands and challenges of desalination while generating fresh water that complies with all water quality standards. In addition, the Barrel's distinctive design drastically reduces the number of high-pressure piping connections to just two: the seawater inlet and brine outflow. This design element reduces dangers on-site during the maintenance and operating stages and makes it safer for personnel.
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Key Segments -
The brine concentration technology (bct) market covered in this report is segmented -
1) By Technology: High Energy Reverse Osmosis, Mechanical Vapor Compression, Closed Circuit Desalination, Vertical Tube Falling Film, Other Technologies
2) By Type: Calcium Chloride, Sodium Chloride, Zinc Calcium Bromide, Cesium Formate, Potassium Chloride, Other Types
3) By End User: Coal To Chemicals, Food And Beverage, Mining, Oil And Gas, Pulp And Paper, Steel, Power, Textile, Refining And Petrochemicals, Other End Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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