The reverse osmosis (RO) systems market is projected to grow at a CAGR of 6.06% to reach US$10.482 billion by 2025, from US$7.363 billion in 2019. Reverse osmosis is a process of removing impurities and contaminants from unfiltered water by using a partially permeable membrane. The water moves from the high-pressure area or a more concentrated area of the RO membrane to the less concentrated side. The fresh and concentrated waters generated in the end are called permeate and brine, respectively.
A major reason for the growing demand for reverse osmosis (RO) systems is the growing cases for water-borne diseases across various countries, especially low-income countries.
Drinking impure water is a major reason for developing many fatal diseases such as diarrhea, cholera, typhoid, dysentery, and polio, among others. According to a report published by the World Health Organization, diarrheal is the second most leading cause of death and malnutrition in children under the age of five. It kills around 525,000 children out of 1.7 billion cases (under 5 years) each year. A significant number of cases for this disease can be prevented through safe drinking water and appropriate hygiene. The report also claims that around 780 million individuals worldwide don’t have access to safe or clean drinking water. Another water-borne disease, cholera, is responsible for around 21000 to 143000 deaths per year. Typhoid, is also a life-threatening water-borne disease that spreads through impure or contaminated food and water causes around 128,000 to 161,000 deaths per year and makes around 11-20 million people sick. (Source: World Health Organization)
Rising incomes of the people and a shift towards urban areas in conjunction with the growing population is also fuelling the sales of the Reverse Osmosis Systems.
The world population is rising exponentially and is expected to follow the same trend throughout the forecast period. For instance, in 2008, the global population was estimated at around 6.758 Billion and reached around 7.594 Billion in 2018. (Source: World Bank). The growth in the population is also facilitated by urbanization and industrialization. The quality of lives of the people is also improving in tandem with rising incomes and technological advancements. The food and water quality is becoming the prime focus for a healthy living. As a result, the market for Reverse Osmosis is also estimated to grow in the forecast period.
The diverse industrial applications of reverse osmosis systems and the growing number of industries are driving the sales of this market.
The RO systems are used for desalination of seawater and brackish water, production of ultrapure water to be used in various industries, and also for decontamination of urban and industrial water. The number of industries that employ RO systems to sustain their production process is also rising. According to the World Bank, the value added by the industry sector across the globe in 2008 was US$17.077 Trillion and that reached US$23.135 Trillion in 2018. The growing demand for existing and emerging products is fuelling the growth of the industrial sector as well. This might have a favorable influence on the growth of the reverse osmosis systems market throughout the forecast period.
Some of the market developments are as follows:
However, the challenge for this market lies in the fact that demineralized water or the water treated through reverse osmosis is void of beneficial minerals such as calcium and magnesium.
World Health Organization has issued a reverse osmosis water warning stating that the process removes 92-99% of the beneficial minerals such as calcium and magnesium. The organization claimed that the effects of most of the chemicals in pure water become active after long exposure. The water also lacks some other essential elements and microelements while possibly being infused with toxic metals. This is anticipated to have an unprecedented impact on the growth of this market.
Geographically, the Asia Pacific region is expected to witness a high CAGR in the Reverse osmosis (RO) systems market due to rising incomes of the people.
Rapid urbanization in conjunction with rising incomes is driving people to switch to healthier alternatives to maintain their health. Moreover, the demand for clean water is also increasing in food chains and restaurants. The application of Reverse osmosis (RO) systems will be maximum among households over the forecast period.
However, a recent draft notification that seeks to ban the usage of membrane-based water purification systems, mainly reverse osmosis, in areas where the water quality meets the standards set by Bureau of Indian Standard norms, is expected to affect the sales of these systems. “Installation or use of MWPS shall be prohibited, at the Point of Use or at the Point of Entry for purification of supplied water which is subjected to conventional flocculation, filtration and disinfection processor is from any sources which are in compliance with acceptable limit for drinking water prescribed by Bureau of Indian Standard," was the notification issued by The Environment Ministry.
The Middle East and African region are anticipated to face a high CAGR due to rising awareness of the health benefits associated with using filtered water from Reverse osmosis (RO) systems. The American region is also expected to hold a significant share owing to the presence of a large number of manufacturers of RO Systems.