Water Desalination Market Size, Share, Growth 2022-28

According to Precision Business Insights' (PBI), latest report the global water desalination market size was valued at USD 13,585.0 million in 2021 and is poised to grow at a significant CAGR of 9.7% during the forecast period 2022-28. Climate change and changing rainfall patterns are impacting the irrigation system throughout the globe. Also, excessive extraction of groundwater made it depleted and brackish. The search for alternative sources of fresh water to use in irrigation, as well as drinking purposes, propelled the growth of the water desalination industry worldwide.

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Reverse Osmosis Segment Will Dominate the Water Desalination Industry:
RO or Reverse Osmosis process is the most preferable process of water desalination throughout the globe except in the Middle Eastern countries where the multi-stage flash and multi-effect distillation is the preferred process.
Historically RO process generated USD x million in opportunities and is expected to generate USD x million in opportunities in the forecast year of 2022-2028. The RO process is expected to grow at a CAGR of x% and reach a valuation of USD x million in 2028. An economic energy profile and constant innovation in energy recovery are the key reasons for the popularity of the reverse osmosis process. Moreover, reverse osmosis is compact and can be set up in portable mode which also drives the admiration of this process.

Middle Eastern Region to Dominate the Water Desalination Market:
In terms of revenue, the Middle Eastern region accounted for USD x million in 2021, expected to grow at a CAGR of x% in the forecast period of 2022-2028. This region created an opportunity of USD x million in the period of 2017-2021 and is expected to create an opportunity of USD x million in the forecast year of 2022-2028.

Multi-Stage Flash is the most preferred process in this region, recorded revenue generation of USD x million in 2021, and is expected to grow at a CAGR of x% in the forecast year of 2022-2028. Easy to setup, less requirement for maintenance, and abundance of energy in this region is the prime reason for the high popularity of this process in this region.

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The water desalination market is segmented based on technology, source, application, and region.
Based On the Technology:
• Reverse Osmosis [RO]
• Multi-Stage Flash [MSF]
• Multi-Effect Distillation [MED]
• Others

Based On the Source:
• Sea Water
• Brackish Water
• Wastewater
• Others

Based On the Application:
• Municipal
• Industrial
• Others

Based On Region:
• North America
• Europe
• Asia-Pacific
• Middle East and Africa
• Latin America

The global water desalination market key players are Acciona, Aqua Filsep Inc., Aquatech International, Biwater Holdings Limited, Doosan Enerbility, Genesis Water Technologies, Hatenboer-Water, IDE Water Technologies, Mitsubishi Power, and Veolia.

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This release was published on openPR.