Global Ultrapure Water (UPW) Systems Market Size By Product (Filtration, Consumables/Aftermarket), By Application (Semiconductors, Coal Fired Power), By Geographic Scope And Forecast

Ultrapure Water (UPW) Systems Market Size And Forecast

Ultrapure Water (UPW) Systems Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2021 to 2027.

Significant expansion in the electronics and semiconductor industries is likely to act as a high-impact growth driver for the global UPW market. The usage of ultrapure water in the power industry is driving the market. The Global Ultrapure Water (UPW) Systems Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Ultrapure Water (UPW) Systems Market Definition

Ultrapure water (UPW) is water that meets the highest standards of purity – an attribute achieved by eliminating all contaminants. Contaminants are present in the form of dissolved or particulate matter, inorganic or organic compounds, and various dissolved gases that may be reactive or inert. Also known as high-purity water, UPW is obtained as the result of a stringent purification process that entails multiple stages. UPW is an important part of the water cleaning and itching process. Significant expansion in the electronics and semiconductor industries is likely to act as a high-impact growth driver for the global UPW market. The usage of ultrapure water in the power industry is driving the market. In coal-fired power plants, for instance, the use of ultrapure water is indispensable.

With the rising energy needs of developing economies and the resultant large-scale electrification initiatives, the power sector in countries such as China, India, and Brazil is expected to drive the consumption of UPW. Washing fluid is the largest application for ultrapure water. Many end-use industries such as semiconductors, flat panels, and pharmaceuticals use ultrapure water as washing fluid. Various processes in these industries require washing and cleaning in order to remove impurities and particles from the small parts, this is achieved through the use of highly purified ultrapure water. Apart from washing fluid, ultrapure water is also used as the process feed in coal-fired power plants and gas turbine power generation companies.

Global Ultrapure Water (UPW) Systems Market Overview

The key factor driving this growth is its increased usage in the semiconductor manufacturing industry. The semiconductor industry contributed a major share in the Ultrapure Water (UPW) Systems Market in 2015, due to the increased usage of ultrapure water in the wafer fabrication process and clean room practices. Ultrapure water is used in the production of wafers for wafer washing, cleaning, and itching process. The demand for ultrapure water is also rising in coal-fired power plants, as many of these have upgraded to supercritical type along with the new installations to meet increasing energy demand, especially in developing countries.

In addition, increasing uses of washing fluid in the end-use industry is the other actors that propel the market growth. Washing fluid is the largest application for ultrapure water. Many end-use industries such as semiconductors, flat panels, and pharmaceuticals use ultrapure water as washing fluid. Various processes in these industries require washing and cleaning in order to remove impurities and particles from the small parts, this is achieved through the use of highly purified ultrapure water. Apart from washing fluid, ultrapure water is also used as the process feed in coal fired power plants and gas turbine power generation companies. The usage of ultrapure water in the power industry is driving the market. In coal-fired power plants, for instance, the use of ultrapure water is indispensable. With the rising energy needs of developing economies and the resultant large-scale electrification initiatives, the power sector in countries such as China, India, and Brazil is expected to drive the consumption of UPW.

However, some of the key challenges in the market include high entry barriers, shortage of skilled labor, and industry-specific challenges associated with process complexities that may hamper the market growth. The UPW treatment systems market is characterized by high vendor loyalty, particularly in the pharmaceutical and microelectronics industries. Customers cannot risk any system failure impacting product quality since the production cost is enormous. Additionally, they are inclined to stick with familiar vendors who can be trusted, even though they might not be the best in the market or best-priced.

Global Ultrapure Water (UPW) Systems Market Segmentation Analysis

The Global Ultrapure Water (UPW) Systems Market is segmented on the basis of Product, Application, and Geography.

Ultrapure Water (UPW) Systems Market, By Product

• Filtration
• Consumables/Aftermarket

Based on Product, the market is bifurcated into Filtration and Consumables/Aftermarket. The filtrations segment consisting of equipment and systems is expected to account for the largest share of the Ultrapure Water (UPW) Systems Market in 2015. The consumables/aftermarket segment is estimated to witness high growth because of the increased demand for membranes and resins to meet high production requirements in end-use industries. Major players have focused on consumables segment which promises high growth.

Ultrapure Water (UPW) Systems Market, By Application

• Semiconductors
• Coal Fired Power
• Flat Panel Display
• Pharmaceuticals
• Gas Turbine Power

Based on Application, the market is bifurcated into Semiconductors, Coal Fired Power, Flat Panel Display, Pharmaceuticals, and Gas Turbine Power. The semiconductor industry contributed a major share in the Ultrapure Water (UPW) Systems Market in 2015, due to the increased usage of ultrapure water in the wafer fabrication process and clean room practices. Ultrapure water is used in the production of wafers for wafer washing, cleaning, and itching process. The demand for ultrapure water is also rising in coal fired power plants, as many of these have upgraded to supercritical type along with the new installations to meet increasing energy demand especially in the developing countries.

Ultrapure Water (UPW) Systems Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the Geography, the Global Ultrapure Water (UPW) Systems Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The Ultrapure Water (UPW) Systems Market in Asia-Pacific is expected to witness the highest CAGR between 2015 and 2020. The growth of the market in Asia-Pacific is majorly driven by the increasing demand for ultrapure water from the semiconductors industry and coal-fired power plants. China is a major market for ultrapure water in Asia-Pacific and is followed by Taiwan and South Korea which are major semiconductor hubs in the Asia-Pacific market. The U.S. and Canada are the key countries in the North American Ultrapure Water (UPW) Systems Market. Europe is estimated to register a steady growth in the global market by 2020 with increasing demand from the semiconductors industry, coal-fired, and gas turbine power plants. Latin America and the Middle East & Africa are the other emerging markets for ultrapure water.

Key Players

The “Global Ultrapure Water (UPW) Systems Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Dow Water & Process Solutions, SUEZ, Veolia Environment, Ovivo, Pall, Microdyn-Nadir, Pentair, Kurita, Memstar, Koch Membrane Systems, Hydranautics, Osmoflo, Evoqua.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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