Private Equity
Andrea Alms Video: Money In Motion 76 - Reverse Osmosis Membrane Market
October 2023 - Private Equity
TRANSCRIPT Hello, my name is Andrea Alms and I am a technology investor and financial manager and this is your money in motion. In our series on membrane separation technology market, we now deep dive into the hollow fiber filtration market. What is it? Hollow fiber membranes are a class of artificial membranes containing a semi permeable barrier in the form of a hollow fiber.
Originally developed in the 1960s, most commercial, hollow fiber membranes are packaged into cartridges. Let's recap Averaging the average the global membrane separation technology market size is about 23.7 billion and growing at 10.6%. Yes, multibillion dollar market at a double digit growth. Now we deep dive into the hollow fiber market segment at Grandview Research. The market size is 607.3 million U.S. dollars in 2022 at a 14.3% growth rate at MA, the market is valued at 267.65 million in 2021 and expected to grow to 600 million and by 2029 at a compound average growth rate of 14.7%.
Evaluate the market size is valued at 2.4 billion U.S. billions in 2022 and expected to grow to 3.6 billion in 2028 at 6.52%. This report deviates from the other two. One it is in billions versus millions. Two, the growth rate is single digits versus double digits. Nonetheless, we included this outlier in our analysis to highlight why it is so important to get multiple sources.
Averaging the average is best guess 1.2 billion market at 11.8% growth rate. Thank you. This is your money, your money in motion.