Moving Bed Bioreactor Market: Coronavirus Pandemic: Short and long-term actions taken by Key Player? Fortune Business Insights
Posted on Jan 27 2021 8:58 AM
"Moving Bed Bioreactor Market Size, Share and Global Trend By Application (Nitrification/Denitrification, Biochemical Oxygen Demand, Others), By End-User Industry (Food & Beverages, Municipal Wastages Treatment, Pulp & Paper, Healthcare, Marine, Poultry, Others) and Geography Forecast till 2026 "
Rampant wastewater discharge in water bodies will fuel the global moving bed bioreactor market growth during the forecast period. According to the International Water Association’s Wastewater Report of 2018, almost 80% of the world’s wastewater is dumped into water bodies, creating various kinds of health and environmental hazards, such as contributing to global warming and spreading life-threatening, water-borne diseases such as cholera which can become epidemic. "Moving bed bioreactor", invented at the Norwegian University of Science and Technology, has emerged as a unique technique to treat wastewater effectively and in a sustainable manner. This technology involves using thousands of polyethylene biofilm carriers that are in motion and allow for growth of autotrophic and heterotrophic bacteria on their surfaces. These bacteria then allow for biodegradation of the pollutants contained in the water in an easy and reliable manner.
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Key Market Driver – Increase in investment in R&D for wastewater treatment
Key Market Restraint – Lack of awareness
Fortune Business Insights covers some of the important players in the global moving bed bioreactor market:
- Bio water Technology
- Aquatech International
- World Water Works Inc.
- Suez Environment
- Genesis Water Technologies Inc.
- Headworks International Inc.
- KEE Group
- Evoqua Water Technologies
- Veolia Water Technologies
Fortune Business Insights, in its report, titled “Moving Bed Bioreactor Market Size, Share and Global Trend By Application (Nitrification/Denitrification, Biochemical Oxygen Demand, Others), By End-User Industry (Food & Beverages, Municipal Wastages Treatment, Pulp & Paper, Healthcare, Marine, Poultry, Others) and Geography Forecast till 2026”, provides crucial information about this fledgling market in the form of an in-depth analysis of the factors, dynamics, and other aspects that shape the market during the forecast period.
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Increasing Water Demand and Consumption to Aid Market Growth
According to the UNESCO’s World Water Development Report 2020, by 2050, growth in industries and urban areas will lead to an average 25% increase in water demand from the present level. Not only will this increase stress on water bodies, but it will also cause water pollution levels to rise. The World Health Organization (WHO) estimates that around 2 billion people in the world consume water contaminated with faecal matter. This is mainly because over 80% of wastewater is released into water bodies untreated, which is dangerous, since 144 million people are directly dependent on untreated surface water for their daily needs. Contaminated water can lead to eruption of epidemics of lethal diseases such as diarrhoea, cholera, typhoid, and polio. Such epidemics cause massive loss of human life as well as slow down economic growth and development. Therefore, treatment of such polluted water has become a top priority, which has led to rise in demand for moving bed bioreactor technology. Wastewater management is becoming a rising concern for governments all over the world and this is a major factor that will augment the global moving bed bioreactor market revenue during the forecast period.
North America and Asia-Pacific to Exhibit Impressive Growth
North America is poised to hold the dominant portion of the global moving bed bioreactor market share owing to presence of a variety of industries in the region, coupled with heavy public and private investments in wastewater treatment. In Asia-Pacific, rapid industrialization and urbanization is causing large-scale river pollution, such as in India’s Ganga and Yamuna rivers. Government-backed river cleaning programs are pushing up the demand for different water treatment technologies such as moving bed bioreactors. In Europe, commitment to sustainable development will be the key driving factor for the growth of the global moving bed bioreactor market during the forecast period.
Operational Expansion by Market Players to Spur Competition
Key players are looking to expand their operations beyond their territorial borders in order to widen their customer base in the global moving bed bioreactor market. For example, in September 2020, the French utility company, SUEZ NWS, secured a 1 billion Euros contract to build and operate a wastewater treatment plant in the Dongying Chemical Industry Park in southeast Beijing. The company will use advanced technology and help the local authorities to better manage industrial wastewater. Government-backed innovations and projects are also expected to energize competition in this market. For instance, Saskatchewan province in Canada recently announced the funding of a new wastewater treatment plant in Border City. The plant will be designed in a way that it will easily integrate with the existing infrastructure.
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Key Segmental Overview
1. By Application
- Biochemical Oxygen Demand
2. By End-User Industry
- Food & Beverages
- Municipal Wastages Treatment
- Pulp & Paper
3. By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive the competition and maintain their stronghold.
For more information in the analysis of this report, visit https://www.fortunebusinessinsights.com/industry-reports/moving-bed-bioreactor-market-100928
Major Table of Content For Moving Bed Bioreactor Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Moving Bed Bioreactor Market Analysis, Insights and Forecast, 2026
- North America Moving Bed Bioreactor Market Analysis, Insights and Forecast, 2026
- Europe Moving Bed Bioreactor Market Analysis, Insights and Forecast, 2026
- Asia Pacific Moving Bed Bioreactor Market Analysis, Insights and Forecast, 2026
- The Middle East and Africa Moving Bed Bioreactor Market Analysis, Insights and Forecast, 2026
- Latin America Moving Bed Bioreactor Market Analysis, Insights and Forecast, 2026
- Competitive Landscape
- Company Profile
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Market.
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