Press release
Global Water Desalination Market Pegged for Robust Expansion During 2024 - 2031 | Acciona, Biwater Holdings Limited, Aquatech International LLC
Global Water Desalination Market
The global water desalination market is estimated to be valued at USD 17.47 Bn in 2024 and is expected to reach USD 31.32 Bn by 2031, growing at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.
Market Dynamics:
The global water desalination market is expected to witness significant growth over the forecast period owing to two major drivers - rising fresh water scarcity and growing population. Fresh water resources are under stress due to increasing demand from industrial, agricultural and domestic sectors coupled with climate change impacts like erratic monsoon rains and droughts in many parts of the world. Additionally, the world population is expected to grow by around 2 billion in the next 15 years putting further pressure on water demand. This fresh water scarcity is propelling governments and private entities to invest in desalination plants to secure alternative sources of water. Countries in Middle East, South Asia and Australia are actively leveraging desalination to meet their fresh water needs.
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Growing Water Scarcity: A Key Driver for Global Water Desalination Market
Access to freshwater sources is becoming more scarce around the world due to factors like population growth, urbanization, and climate change. According to multiple studies and reports, over 1.1 billion people currently live in areas experiencing physical water scarcity and about 33% of the global population lives in water-stressed regions. Another recent UN estimate projects that by 2025, as many as two-thirds of people in the world may not have adequate access to drinking water. Water scarcity poses major challenges for households, industries, agriculture, and entire economies. Desalination provides a stable and drought-resistant alternative to conventional sources and helps bridge the widening gap between water supply and demand. More countries and cities are investing in desalination plants to ensure long-term water security and resilience of their water supply infrastructure against scarcity risks.
Emerging Economies Present Lucrative Market Opportunities
While developed regions like North America, Europe, and the Middle East have dominated global desalination installations historically, emerging economies in Asia Pacific and Latin America are identified as key growth opportunities for market expansion in the coming years. Rapid economic and infrastructure growth accompanied by increasing per capita incomes have spurred water demands in countries like India, China, Brazil, and others at an exponential rate. Many of these developing nations also suffer from groundwater depletion and lack reliable water distribution networks, exposing their water supply security. Desalination is being increasingly seen by governments and municipal bodies as a dependable solution to bridge long-term supply-demand imbalances. As infrastructure funding rises and technology costs decline through technological innovation and economies of scale, desalination will attract higher penetration in developing markets looking for long-term sustainable solutions to quench their soaring freshwater needs.
Sustainability and Energy Efficiency: Strong Influence On Market Trends
Sustainability and reduced environmental footprint have become crucial factors influencing future development trends within the global desalination market. Vendors are actively innovating to improve the resource efficiency and lower carbon footprint of commercial desalination projects. Advancements in renewable energy integration, low-carbon membrane materials, energy recovery devices, and optimized plant operations will play a major role in decreasing desalination costs and accelerating capacity expansion sustainably. New hybrid plant designs combining desalination with wastewater reuse or thermal plants also bolster the appeal of desalination as a greener water source. Governments and procurement agencies are incentivizing these eco-friendly innovations through regulatory pushes and funding initiatives. This growing emphasis on sustainability will strongly influence des
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Top Companies Featured in This Report:
★ Acciona
★ Biwater Holdings Limited
★ Aquatech International LLC
★ IDE Technologies
★ Veolia Water Technologies
★ Doosan Heavy Industries & Construction
★ Genesis Water Technologies
★ SUEZ Group
★ Aqua Filsep Inc.
★ Hatenboer-water
★ Triveni Engineering & Industries Ltd.
★ Webuild Group
★ Barka Desalination Company
★ Fluence Corporation Limited
★ Marine Water Production AS
Market Segmentation:
By Product Type:
★ By Technology: Reverse Osmosis (RO), Multi-Stage Flash (MSF), Multi-Effect Distillation (MED), and Others
★ By Source: Sea Water, Brackish Water, Wastewater, and Others
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Insights from the Global Global Water Desalination Market Analysis:
Market Size Evaluation: Assessing the value and sales volume of the Global Water Desalination market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Global Water Desalination market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Global Water Desalination market.
Segment Analysis: Examining the market value and sales volume of Global Water Desalination by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Global Water Desalination market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Global Water Desalination sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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