Press release
Global Marine Water Desalination Market to Reach $21.03 Billion by 2029, Growing at 14.5% CAGR
Marine Water Desalination Market Size
The need for fresh water is anticipated to fuel the expansion of the marine water desalination market. Sustainable water management, conservation efforts, and cooperation are essential for the distribution of fresh water. Marine water desalination, which turns seawater or brackish water into drinkable water through processes like reverse osmosis or distillation, is a solution to fresh water scarcity, providing a trustworthy supply of clean water for a variety of purposes. For example, a September 2023 Parks and Recreation business report by a US-based magazine revealed that the worldwide annual freshwater usage surpasses 4 trillion cubic meters and as of 2022, it has exceeded 2,002 trillion cubic meters. Water demand is forecasted to increase by 20 to 30 percent by 2050. Consequently, the accelerating demand for fresh water is propelling the marine water desalination market's growth.
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What is the projected compound annual growth rate (CAGR) of the marine water desalination market from 2025 to 2034, and what factors influence it?
In recent times, there has been swift expansion in the size of the marine water desalination market. It is projected to escalate from $10.68 billion in 2024 to $12.21 billion in 2025, with a compound annual growth rate (CAGR) of 14.3%. Several factors are contributing to the growth observed in the historical period. These include the increasing global population, fast-paced urbanization and industrialization, the growing use of renewable energy sources, mounting water scarcity in coastal areas, the implementation of environmental regulations that advocate desalination as a sustainable water supply solution, and the adoption of renewable energy sources.
Over the next few years, the marine water desalination market is projected to experience swift expansion. Anticipated to surge to $21.03 billion by 2029, it will witness a compound annual growth rate (CAGR) of 14.5%. The predicted growth over this forecast period can be ascribed to enhanced requirements for fresh water and increased water demand in arid regions. Additionally, linking desalination plants with other water treatment procedures, expanding global population leading to a rising need for freshwater, and amplified investments in desalination infrastructure by both governments and private sectors contribute to this growth. Key trends expected during this forecast period encompass technological breakthroughs, advanced membrane technologies, increased emphasis on decentralized desalination systems, innovative changes in water storage and delivery infrastructure, and new product innovations.
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How are the latest trends influencing the growth of the marine water desalination market?
Leading entities in the marine water desalination sector are revolutionizing their approach by creating inventive techniques, such as desalination systems that can generate freshwater from saltwater at a lower cost compared to regular tap water. Desalination denotes the procedure of eliminating salts and minerals from saline water, rendering it safe for human drinking or agricultural use. To illustrate, in September 2023, the researchers at Massachusetts Institute of Technology (MIT) Corporation, a private land-grant research university in the United States, introduced a solar-based desalination gadget, an entirely passive solar-powered desalination system encompassing numerous layers of solar evaporators and condensers organized vertically and topped with aerogel insulation that is transparent. This system circumvents issues related to salt accumulation by utilizing natural convection to administer the desalination process, thereby avoiding salt accumulation and allowing for the system to perform efficiently and reliably, even under harsh conditions. The advancements in solar desalination technology promise to address water scarcity in developing nations, offering a more sustainable and cost-effective method to produce freshwater.
What are the major segments of the marine water desalination market and their role in driving growth?
The marine water desalination market covered in this report is segmented -
1) By Type: Large Tonnage Systems, Small Tonnage Systems
2) By Technology: Reverse Osmosis (RO), Thermal Desalination, Other Technologies
3) By Application: Navy Application Ships, Passengers Ships, Yachts, Merchant Ships
Subsegments:
1) By Large Tonnage Systems: Reverse Osmosis (RO) Systems, Multi-Stage Flash Distillation (MSF) Systems, Multi-Effect Distillation (MED) Systems, Electrodialysis (ED) Systems
2) By Small Tonnage Systems: Reverse Osmosis (RO) Systems, Thermal Desalination Systems, Solar-Powered Desalination Systems, Electrodialysis (ED) Systems
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Which regions are key players in the growth of the marine water desalination market?
Middle East was the largest region in the marine water desalination market in 2024. The regions covered in the marine water desalination market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the marine water desalination market?
Major companies operating in the marine water desalination market are Dow Chemicals, Veolia Environnement S.A, Mitsubishi Chemical Corporation, Toray Industries, SUEZ, Acciona S.A., DuPont Chemicals, Xylem, KSB Group, Zhuhai Jianghe Seawater Treatment Technology, AMI, Biwater Holdings Limited, GE Water And Process Technologies, Aquatech International LLC, Koch Membrane Systems, Hyflux Ltd., Hydranautics, IDE Technologies, Hatenboer Water, Kysearo SWRO Systems, Doosan Heavy Industries & Construction, Poseidon Water, Genesis Water Technologies, Zhuhai Wangyang Water Treatment Equipment, Dow Water & Process Solutions, Lenntech, Aqua FilSep Inc., Enwa Water Technology, Lifestream Water, Octo Marine
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What Is Covered In The Marine Water Desalination Global Market Report?
•Market Size Forecast: Examine the marine water desalination market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the marine water desalination market for a structured understanding.
•Key Players Overview: Analyze major players in the marine water desalination market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the marine water desalination market.
•Segment Contributions: Evaluate how different segments drive overall growth in the marine water desalination market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the marine water desalination market.
•Industry Challenges: Identify potential risks and obstacles affecting the marine water desalination market.
•Competitive Landscape: Review strategic developments in the marine water desalination market, including expansions, agreements, and new product launches.
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