Desalination Technologies Market Report 2024-2033 | Size, Share And Insights

The desalination technologies market size has grown rapidly in recent years. It will grow from $17.40 billion in 2023 to $19.47 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to increasing the capability of desalination systems, continuous improvements in graphene-based membranes, focus on reducing brine production and increasing freshwater recovery, growing interest in hydroponic agriculture, government initiatives and investments.

The desalination technologies market size is expected to see rapid growth in the next few years. It will grow to $30.10 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%. The growth in the forecast period can be attributed to increasing water scarcity, growing need for freshwater driving up number of desalination projects, hybrid desalination lowering carbon footprints and offering high-quality water, rising need of desalination systems, increasing need for freshwater across the globe. Major trends in the forecast period include innovations in membrane technology, adoption of iot (internet of things) and ai (artificial intelligence) technologies, development of innovative and sustainable desalination technologies, introduction of smart innovations, advancements in membrane technologies.

Market Overview -

Desalination technologies are processes that remove salt and minerals from saline water, such as seawater or brackish water, to produce fresh water. These technologies are used to address water scarcity and provide fresh water for various purposes, including drinking and irrigation.

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Impact Of Water Scarcity On The Desalination Technology Market
The increasing water scarcity is expected to propel the growth of the desalination technology market going forward. Water scarcity is a condition where the demand for water exceeds the available supply, either due to physical limitations or inadequate infrastructure and management. Water scarcity is increasing due to population growth, climate change, water pollution, over-extraction of groundwater, inefficient water use, deforestation, land degradation, and conflict over water resources. Desalination technology provides a sustainable and reliable source of freshwater, particularly in regions facing severe water stress and scarcity. This technology helps in promoting water conservation and efficient water management practices remains important in conjunction with desalination efforts. For instance, according to the United Nations, a US-based intergovernmental organization, close to 1 billion urban residents worldwide currently experience water scarcity, a figure that is expected to rise to between 1.7 billion and 2.4 billion in the next 30 years. Therefore, the increasing water scarcity is driving the growth of the desalination technology market.

Competitive Landscape -

Major companies operating in the desalination technologies market are Hitachi Ltd., Veolia Environnement SA, Suez SA, Acciona SA, DuPont de Nemours Inc., Doosan Enerbility Co. Ltd., Danfoss A/S, Webuild SpA, Xylem Inc., Abengoa SA, BWT AG, Ampac USA, Aquatech International LLC, Keppel Offshore & Marine Ltd., H2O Innovation Inc., Hyflux Limited, IDE Technologies, FISIA ITALIMPIANTI S.p.A, Aqualyng AS, Keppel Seghers Pte Ltd., Komax Systems Inc., Dow Water & Process Solutions, Degremont, John Holland Group, Tianjin MOTIMO Membrane Technology Co. Ltd., Toray Industries Inc., Toyobo Co. Ltd.

Innovative Desalination Technologies Revolutionize Water Treatment Veolia's Barrel Technology Leading The Charge

Major companies operating in the desalination technology market are developing innovative technologies, such as integrated plug-and-play reverse osmosis technology to gain a competitive edge in the market. Integrated plug-and-play reverse osmosis technology offers a convenient and efficient solution for water treatment needs, providing users with a reliable source of high-quality freshwater while minimizing the complexity of installation and operation. For instance, in April 2022, Veolia Water Technologies, a France-based water treatment company, launched Barrel, an integrated plug-and-play reverse osmosis (RO) technology suitable for wastewater reuse and low-pressure RO applications. This technology generates high-quality freshwater that fully adheres to water quality standards. The technology also offers varying capacities from 400 m3/day to 50,000 m3/day per unit and a reduction in electrical consumption in the range of 0.05 kWh/m3 of fresh water produced.

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Key Segments -

The desalination technologies market covered in this report is segmented -

1) By Technology: Reverse Osmosis (RO), Multi-Stage Flash (MSF), Multi-Effect Distillation (MED)
2) By Source: Sea Water, Brackish Water, River Water, Other Sources
3) By Application: Municipal, Industrial, Other Applications

Key highlights covered in the report -

1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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