Lucintel’s latest market report analyzed that brine concentration technology provides attractive opportunities in coal-to-chemical, food & beverage, mineral & mining, oil & gas, pulp & paper, steel & textile, and power applications. The brine concentration technology market is expected to reach $17.3 billion by 2028 with a CAGR of 4.2%. In this market, vertical tube falling film (VTFF) is the largest segment by technology, whereas mineral & mining is largest by application.
Based on technology, the brine concentration technology market is segmented into high energy reverse osmosis (HERO), closed circuit desalination (CCD), vertical tube falling film (VTFF), mechanical vapor compression (MVC), and others. The vertical tube falling film (VTFF) segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to as it helps in achieving zero liquid discharge in industries while ensuring low power consumption.
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The Brine Concentration Technology Market is marked by the presence of several big and small players. Some of the prominent players offering brine concentration technology include Veolia Water Technologies, Evoqua Water Technologies, H2O Innovations, Aquatech International LLC, Koch Separation Solutions, IDE Technologies, Saltworks Technologies, Samco Technologies, and Gradiant.
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