Water treatment market in Japan, South Korea well developed and approaching maturity
With Japan and South Korea being among the first few membrane system manufacturers globally, the water and wastewater treatment markets in these countries are well developed and approaching maturity.
KUALA LUMPUR, MALAYSIA, Dec. 11, 2012 -- With Japan and South Korea being among the first few membrane system manufacturers and the few top suppliers globally, the drinking water treatment and wastewater treatment (WWWT) markets in these countries are well developed and approaching maturity. The highly competitive domestic market and strong demand in overseas markets are making a strong case for key companies in Japan and South Korea to shift their business focus to foreign markets.
New analysis from Frost & Sullivan (http://www.environmental.frost.com), Market for Membrane Technologies Used in Water and Wastewater Treatment in Japan and South Korea, finds that the market earned revenues of $325.4 million in 2011 and estimates this to reach $639.4 million in 2017. Intense economic activities boost the demand for WWWT.
"Limited space availability for infrastructure is the primary factor determining the choice of technology for WWWT facilities," said Frost & Sullivan Research Associate Janice Wung. "With membrane technologies enabling the use of decentralized water and wastewater treatment systems that offer the benefits of smaller footprint, ease of operation, and automation, the market for membrane technologies looks promising."
However, the market is pegged back by higher operating and maintenance costs than conventional technologies'. Hence, customers prefer the more economically priced traditional technologies. Further, being the trailblazers in this market, participants in Japan and South Korea have extensive knowledge of the technology. Their know-how intensifies domestic competition, compelling participants to innovate proactively.
Reverse osmosis and nanofiltration are expected to be the future buzzwords in the membrane technologies for WWWT market, with both segments witnessing rapid growth.
"Key market players have been strongly focusing on technological advancement through their robust R&D activities to earn their place not only in the domestic market, but in the international market as well," noted Wung.
If you are interested in more information on this research, please send an email to Donna Jeremiah, Corporate Communications, at email@example.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
Market for Membrane Technologies Used in Water and Wastewater Treatment in Japan and South Korea is part of the Environmental Growth Partnership Services program, which also includes research in the following areas: Asia Pacific Mobile Water Treatment Market, Building Construction Market in Asia Pacific, and Water & Wastewater Treatment Solutions in Palm Oil Industry in Southeast Asia. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?