Water Desalination Equipment Market Reached USD 12,800 million in 2019 and is projected to grow at CAGR of 7.1% | Size, Analysis & Industry Report
The Water Desalination Equipment Market was estimated around USD 12,800 million in 2019 and is expected to grow at CAGR of 7.1% over the forecast period (2020-2027).
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/water-desalination-equipment-market-analysis-industry-research/
The factors driving the growth of Water Desalination Equipment Market includes scarcity of fresh water sources, rising concerns related to changing weather pattern and deforestation, growing consumption of water around the world, and increasing awareness about reverse osmosis technology. According to the report published by United Nations Children's Fund, around 4 billion people face water scarcity for at least one month each year Half of the world's population could be facing water scarcity by 2025, which is pushing the demand for water desalination equipment worldwide. Moreover, increasing adoption of hybrid desalination technologies, rise in Government's expenditure on water treatment solutions and growing demand for water in end-use industries such as oil and gas, paper and pulp, and food and beverage, are some of the additional factors supplementing the market growth. In addition, increasing investments by leading players on research and development, technological advancements in water desalination equipment and rapid urbanization, are further propelling the Global Water Desalination Equipment Market.
However, the growth of Water Desalination Equipment Market is hindered due to Scaling and fouling issues linked with RO membranes.
The prominent players operating in the Water Desalination Equipment Market includes IDE Technologies, Aquatech International LLC., Genesis Water Technologies, Doosan Heavy Industries & Construction, ACCIONA, SUEZ worldwide, Biwater Holdings Limited, Hyflux Ltd., Veolia and Xylem, among others.
Based on Technology, the Reverse Osmosis segment is predicted to expand at a significant CAGR during the forecast period
Reverse osmosis incurs low installation costs, treat all type of feed water, and uses less chemicals, are some of the factors responsible for the segment's growth.
Based on Application, the Municipal segment is projected to capture a sizeable market share over the forecast period
Rise in the number of megacities and increase migration to urban areas, are propelling the growth of the segment.
Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period
Growing concerns relate to water scarcity, rapid industrialization, increasing demand for irrigation in the agriculture sector, Government support regarding infrastructure development, rising disposable incomes and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific.
In 2020, SUEZ worldwide announced the acquisition of LANXESS Reverse Osmosis membrane portfolio, this acquisition will expand SUEZ worldwide product portfolio.
In 2019, IDE Technologies, was provided a contract to deliver reverse osmosis (RO) system for the Jurong Island Desalination Plant (JIDP).
Segmentation by Technology
Multi-Stage Flash (MSF) Distillation
Multi-Effect Distillation (MED)
Segmentation by Source
Segmentation by Application
Segmentation by Region
Rest of APAC
United States of America
Rest of Europe
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