The electrodeionization market in 2019 is estimated to be USD 827 million and is projected to reach USD 1,124 million by 2024, at a CAGR of 6.3% during the forecast period. Growth of this market is majorly attributed to the increasing demand for ultrapure water from the power generation, pharmaceuticals, and electronics & semiconductor sectors. Electrodeionization (EDI) is a chemical-free water treatment technology that mitigates or removes undesirable ions or impurities from raw water with the help of electric current. When electric current is passed through the module, the cation exchange resin and anion exchange resin pulls the dissolved ions or impurity contaminants from the water towards them. These trapped ions are then flushed out through the drain system. Major companies operating in the electrodeionization market are Suez SA (France), Veolia Environnement S.A. (France), Evoqua Water Technologies LLC (US), Qua Group (US), DowDuPont Inc. (US), Snowpure LLC (US), Mega a.s. (Czech Republic), Ovivo Inc. (Canada), and Pure Aqua Inc. (USA), among others.
In recent times, key companies have adopted various strategies, such as new product launches, expansions, mergers & acquisitions, and partnerships. These companies are also investing in R&D activities to strengthen their sales and distribution networks, enhance their market visibility, and strengthen their positions in the electrodeionization market.
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Ovivo Inc. (Canada), is one of the leading manufacturers of electrodeionization systems. The company is focusing on business expansion strategies, such as contracts to strengthen its market position and consolidate its financial position in the electrodeionization market. In May 2016, Ovivo was awarded a contract of worth over USD 21 million in China and the US. The contract was to supply the ultrapure water system to leading the TFT/LCD manufacturer in China and to the energy and electronic segment in the US. With this contract, the company extended its global services. In February 2016, Ovivo was awarded a contract worth over USD 420 million to provide ultrapure water to a US-based semiconductor manufacturer. This contract helped Ovivo to maintain its strong hold on the North American market.
Suez SA (France) is another key player in the electrodeionization market. The company acquired GE Water & Process Technologies to enhance the product portfolio of the company. The combination of GE’s activities and Suez’s own industrial water treatment has covered the wastewater process value chain to design and build projects which could further serve multiple sectors of industries. With this, the company extended its reach and strengthened its supply chain to produce high quality products for a wide range of customers.
Electrodeionization Market by Design (Plate and Frame Construction, and Spiral Wound Construction), End-use Industry (Power Generation, Pharmaceuticals, Electronics & Semiconductor), and Region - Global Forecast to 2024
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