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Water Desalination Equipment Global Market 2024 - Industry Trends, Share, Size, Growth, Opportunity And Forecast 2033
Water Desalination Equipment Global Market
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According to The Business Research Company's, The water desalination equipment market size has grown rapidly in recent years. It will grow from $15.65 billion in 2023 to $17.57 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to rise in water scarcity, population growth, government initiatives, rise in industrial demand, rise in urbanization.
The water desalination equipment market size is expected to see rapid growth in the next few years. It will grow to $27.48 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to investments in infrastructure, aging water infrastructure, rising tourism and recreation, rising public health concerns. Major trends in the forecast period include forward osmosis technology, decentralized desalination, hybrid desalination systems, zero liquid discharge (zld), smart desalination plants.
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Market Drivers and Trends:
The rising urbanisation and industrialisation are expected to drive the growth of the water desalination equipment market going forward. Urbanisation refers to the population movement from rural to an urban setting and increasing human population densities in urban areas. Growth in urbanisation and industrialisation is creating water shortage, and the depletion of freshwater resources is driving an increase in demand for water desalination technology to separate salt from the water and eliminate salinity. For instance, according to the United Nations Department of Economic and Social Affairs, 68% of the world's population, that is, 2.5 billion people, are projected to live in urban areas by 2050. Therefore, the rising urbanization and industrialization all over the globe will propel the water desalination equipment market.
Technological advancements have emerged as a key trend gaining popularity in the water desalination equipment market. Major companies operating in water desalination equipment are focused on developing advanced solutions to strengthen their position in the market. For instance, in April 2022, Veolia Water Technologies, a France-based water treatment company launched Barrel, a plug-and-play reverse osmosis (RO) technology designed for the Asia Pacific region. This system addresses the increasing demand for freshwater, tackling concerns of water scarcity. The Barrel efficiently produces fresh water that complies with stringent quality standards, making it suitable for desalination, wastewater reuse, and low-pressure RO applications. This technology provides an economically viable and sustainable source of fresh water, offering a robust solution to water challenges. Its modular and scalable design, reduced footprint, minimal piping connections, and integrated digitalization system make it an advanced and eco-friendly choice for water treatment.
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Major Key Players of the Market:
Acciona S.A., Aquatech International LLC, Biwater Holdings Limited, Doosan Heavy Industries & Construction Co. Ltd., Genesis Water Technologies Inc., IDE Technologies Ltd., Koch Separation Solutions LLC, Lenntech B.V., Pure Aqua Inc., Suez Water Technologies & Solutions, Veolia Water Technologies SA, Advanced Watertek FZC, Desmi A/S, E. I. du Pont de Nemours and Company (DuPont), Ferrovial S.A., Fisia Italimpianti S.p.A., General Electric Company GE, Hatenboer-Water BV, Prominent Dosiertechnik GmbH, Toray Industries Inc., Triwin Watertec Co. Ltd., Wärtsilä Corporation, Zhonghe Seawater Desalination E+B25:B35ngineering Co. Ltd., Cadagua S.A., Degrémont S.A., Guangzhou KangYang Seawater Desalination Equipment Co. Ltd., Hyflux Ltd., Danfoss A/S, Xylem Inc., Evoqua Water Technologies LLC., Aqua-Chem Inc., Applied Membranes Inc., Membrane Systems Australia Pty Ltd, Membrane Technology and Research Inc., Nanostone Water Inc., Oasys Water Inc., Saltworks Technologies Inc., Watek Engineering Corporation
Water Desalination Equipment Market 2024 Key Insights:
• The water desalination equipment market size is expected to see rapid growth in the next few years. It will grow to $27.48 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%.
• Urbanization And Industrialization Fueling Water Desalination Equipment Market Growth
• Technological Advancements Driving Innovation In Water Desalination Equipment Market
• Middle East was the largest region in the water desalination equipment market in 2023
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