About Energy Recovery Devices
Energy recovery devices are most commonly utilized in brackish water and seawater reverse osmosis facilities to save energy. These devices use some of the system concentrate's remaining pressure to augment another flow stream. Energy recovery devices are being used in new and novel ways on membrane softening systems and brackish water. Using energy recovery devices provides additional benefits, such as improved hydraulic balance, improved permeate quality, and possibly longer membrane life. Energy recovery devices come in a variety of shapes and sizes. The reverse turbine, Pelton wheel, pressure exchanger, and work exchanger are some of the most commonly used commercial energy recovery systems.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Energy Recovery Devices market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Flowserve Corporation (United States), Energy Recovery (United States), Marsi Water (South Africa), Dynalon Engineering (Malaysia), RWL Water (United States) and Fluid Equipment Development (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Energy Recovery Devices market by Type (Reverse Turbine, Pelton Wheel, Pressure Exchanger, Work Exchanger and Electric Motor Drive), Application (Construction, Oil & Gas and Others ) and Region.
On the basis of geography, the market of Energy Recovery Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Category, the sub-segment i.e. Centrifugal will boost the Energy Recovery Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement In Energy Recovery Devices
Market Growth Drivers:
Rising Demand For Sustainable Energy Implementation And Utilizations and Increasing Demand Of Energy Recovery Device In Oil And Gas Industry
Challenges:
Technical Limitation Associated With Energy Recovery Devices
Restraints:
High Cost Of Installation And Maintenance Of Energy Recovery Device
Opportunities:
Growing Demand For Pure Energy In Develop Regions and Increasing Number Of Emerging Players Across The Global
Market Leaders and their expansionary development strategies
In October 2022, Energy Recovery announced the launch of the PX Q400 Pressure Exchanger. As per company officials, the PX Q400 is the next evolution of Energy Recovery’s trusted and industry leading PX Pressure Exchanger technology and has been the new flagship solution in the PX family of products.
In October 2022, Flowserve Corp launched the new Flowserve FLEX isobaric energy recovery device, a next-generation compact pressure exchanger for reverse osmosis plants.
Key Target Audience
Energy Recovery Devices Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.