PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1378120
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1378120
An electrode ionization system refers to a type of water purification technology that separates ions in water with the help of electricity, by creating an electric field. The purified water is the output from the system, while the impurities are collected in the device.
The electrode ionization system market can be classified in the following ways: by type, design, end-user, and geographic region. The major drivers for the growth of this market include increased demand from several industries such as semiconductors and increasing demand for water treatment.
The increasing trends of industrialization and industrial operations in many developing and underdeveloped countries have led to the demand for water treatment systems in these industries. Therefore, the increase in industrial activities is expected to boost the electrode ionization system industry value as the demand for water treatment and water purification can be fulfilled with the help of these systems. The increased industrial activities have also led to the rise in wastewater production as a by-product of industrial activities. Therefore, electrode ionization systems are also demanded for the purification of this wastewater for further usage and to reduce natural water body contaminations.
Another key driving factor for the electrode ionization systems market relates to the developments in features and characteristics due to rapid technological advancements in the industry. As a result of these technological innovations, the development of chemical-free processes for electrode ionization systems is also expected to grow the electrode ionization systems market value.
A significant challenge faced by this industry relates to the high initial costs of installation of electrode ionization systems which acts as a hindrance to the growth of the industry as it negatively impacts the demand. The initial installation and maintenance of electrode ionization systems incurs a large investment which can be a deterrent to its demand as many manufacturers may not be willing to make such commitments. Further, the high costs also drive away the potential demand from smaller industrial operations, especially in the early stages.
The presence of other technologies to produce ultra-pure water such as solar purification and iodine addition is expected to restrain the growth of the market for electrode ionization systems. Further, the lack of awareness about these systems in developing countries is another big factor that hinders the expansion prospects. Additionally, there are certain stringent regulations regarding the use of these systems by several governments which further makes them unattractive to emerging industries. These factors restrict the growth of the electrode ionization systems market size.
Semiconductors also find uses in growing industries such as automotive and healthcare, for multiple applications such as in electric and hybrid vehicles, and some advanced assistance systems in automobiles and medical devices such as magnetic response imaging machines. Semiconductors are also demanded in the manufacturing of electronics to control and manage the flow of electric current. Therefore, as the demand for semiconductors from these industries grows, the demand for electrode ionization systems will also grow as they are used as cleanup agents for ultra-pure water in semiconductor manufacturing, which will ultimately increase the electrode ionization system market size too.
The Asia Pacific region is expected to constitute a significant share of the electrode ionization systems industry and similar trends are expected to be followed in the forecast period. This market share is owed to the growth in the manufacturing and construction activities in the major economies of the region such as Japan, and India, as well as the growth of the electronics industry and increased demand for semiconductors in regions such as China, and South Korea.
It is anticipated that North American and European regions will experience steady growth as well. The market for electrode ionization systems is anticipated to experience steady growth in the North American regions due to the presence of a mature market with a constant rate of demand for water purification and treatment systems from several industries such as electronics, construction, manufacturing, etc. The presence of large water treatment solutions providers in the region is also expected to help grow the market share of the region in the electrode ionization systems market.