Press release
Water Desalination Market to hit USD 31.32 Bn by 2031, growing at (CAGR) of 8.7% from 2023
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:
Fresh water scarcity caused due to factors such as population growth, urbanization, climate change and excessive groundwater extraction is driving significant growth of the water desalination market. Around 60% of the world's population lives in countries experiencing water scarcity and this shortage is estimated to worsen going forward. By 2025, it is estimated that 1.8 billion people will be living in countries or regions with absolute water scarcity. The sharp rise in water shortage issues globally is propelling the installation of desalination plants to supplement fresh water requirements. In addition, rapid industrialization in developing nations has significantly increased the demand for fresh industrial process water which is also driving market growth.
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Growing focus on renewable energy integration opens new avenues for desalination
The increasing focus on renewable energy sources like solar and wind presents viable opportunities to power desalination plants. Various desalination technologies can be hybridized with renewable energy to reduce carbon footprint and energy costs. For example, solar thermal desalination utilizes solar heat to drive thermal desalination processes. Concentrated solar power coupled with multi-stage flash distillation is a popular approach. Integrating renewable electricity with membrane desalination like reverse osmosis is also gaining prominence. When excess renewable energy from solar farms or wind turbines is available, it can be used to drive RO pumps and essentially produce desalinated water at low carbon cost. Many countries in MENA region are hybridizing mega-scale desalination plants with utility-scale photovoltaic and concentrating solar power projects. Such renewable energy driven desalination models offer eco-friendly solutions and open new growth prospects for desalination market.
Technological advancements will accelerate brackish and waste water desalination
Rising R&D investments are facilitating technological developments across various desalination processes. Membrane materials and module configurations are improving to enhance desalination efficiencies. Energy recovery devices are getting more efficient which helps lower energy usage. Advancing nanotechnologies are enabling development of newer membranes with enhanced selectivity and permeability. Use of renewable energy for desalination is also gaining momentum. Such ongoing technological upgrades are extending desalination applications from seawater to include brackish and waste water sources. For instance, nanofiltration and reverse osmosis now allow treatment of lower salinity brackish waters which were not feasible before. Also, advanced oxidation processes coupled with membrane desalination can desalinate industrial wastewaters and produce fresh water for reuse. This will significantly expand viable desalination markets beyond coastal regions. Overall, continued technological evolution will accelerate brackish and alternate water desalination on a commercial scale in future.
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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
By Applications:
★ By Application: Municipal, Industrial, 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)
The report offers insights on the following aspects:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Analysis of Water Desalination Market Market Competition Landscape by Players
Chapter 4: Assessment of Water Desalination Market Market Size by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, recent developments, and investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Evaluation of Value Chain and Sales Channels, including breakthrough product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
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 Water Desalination Market 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:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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