Press release
Role Of Solar Water Desalination Plants In Addressing Rising Water Scarcity And Freshwater Demand: Key Factor Driving The Growth In The Solar Water Desalination Plant Market
Solar Water Desalination Plant Market
What Is the Expected Solar Water Desalination Plant Market Size During the Forecast Period?
The market size of solar water desalination plants has expanded significantly in the past few years. Projected market growth shows a rise from $2.85 billion in 2024 to $3.1 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%. Factors propelling growth in the historic period include an uptick in agriculture industry, a global rise in water scarcity and the need for freshwater sources, a surging population and urbanization that leads to higher water usage, a global call for clean water, and an increase in harnessing solar energy.
The market size of solar water desalination plants is predicted to witness robust growth in the coming years, reaching a value of $4.1 billion by 2029 with a compound annual growth rate (CAGR) of 7.3%. Factors contributing to this growth during the projected period include increasing water scarcity and demand for freshwater, heightened awareness about environmental sustainability, and the necessity to reduce greenhouse gas emissions. Additionally, erratic energy sources, escalating environmental pollution and the surge in the use of green energy also play significant roles. Noteworthy trends during this period comprise technological progress, improvements in solar technology, the rising use of smart technology in solar water heaters, and the merger of solar desalination and energy storage solutions for uninterrupted operation. Research and development aimed at improving solar desalination efficiency and scalability are also expected to be prominent.
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What Are the High-Growth Segments in the Solar Water Desalination Plant Market?
The solar water desalination plant market covered in this report is segmented -
1) By Membrane Process: Solar-powered Reverse Osmosis, Nano Filtration, Electro-dialysis and Electro-dialysis Reversal, Membrane Distillation, Other Membrane Processes
2) By Desalination Method: Solar-powered Humidification-Dehumidification (HDH), Solar Diffusion Driven, Concentrated Solar Power (CSP)-Based, Solar Pond
3) By Plant Capacity: Small (Below 1 MLD), Medium (1 MLD - 10 MLD), Large (Above 10 MLD)
4) By End-use Industry: Industrial, Agriculture, Residential, Commercial, Municipal
Subsegments:
1) By Solar-powered Reverse Osmosis: Small-scale Reverse Osmosis Systems, Large-scale Reverse Osmosis Systems
2) By Nano Filtration: Solar-powered Nano Filtration Systems for Brackish Water, Solar-powered Nano Filtration Systems for Seawater
3) By Electro-dialysis and Electro-dialysis Reversal: Solar-powered Electro-dialysis Systems, Electro-dialysis Reversal Systems for Desalination
4) By Membrane Distillation: Direct Contact Membrane Distillation (DCMD), Air Gap Membrane Distillation (AGMD)
5) By Other Membrane Processes: Forward Osmosis (FO), Pressure-retarded Osmosis (PRO), Capacitive Deionization (CDI)
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What Key Drivers Are Expected to Influence Future Solar Water Desalination Plant Market Growth?
The increase in water scarcity and the need for freshwater is projected to boost the growth of the solar water desalination plant market in the future. Factors such as population growth, urbanization, climate change, water contamination, inefficient use of water, economic growth, and infrastructure deficits contribute to the rising water scarcity and need for freshwater. Solar water desalination plants assist in offsetting water scarcity and satisfying freshwater needs by utilizing renewable solar power to transform seawater into freshwater. This approach offers a sustainable and secure water supply in regions with restricted access to freshwater sources. For instance, it was reported by the United Nations, a US-based intergovernmental organization, in March 2023, that nearly 1 billion urban dwellers globally are currently facing water scarcity. This number is forecasted to increase to somewhere between 1.7 billion and 2.4 billion in the subsequent 30 years, meaning by 2050. Hence, the escalating water scarcity and need for freshwater are propelling the expansion of the solar water desalination plant market.
Which Companies Hold the Largest Share Across Different Solar Water Desalination Plant Market Segments?
Major companies operating in the solar water desalination plant market are TotalEnergies SE, Tesla Inc., Toray Industries Inc., Acciona S.A., Suez SA, Andritz AG, OMya International AG, Abengoa S.A., Waaree Energies Ltd., Photon Energy Systems Limited, Hyflux Ltd., AMP Energy, IDE Technologies, Sterlitech Corporation, Avista tech, LG Water Solutions, Solar Spring GmbH, Trunz Water Systems AG, Sinovoltaics Group, Technol Protoroz d o o, Vontron Membrane Technology, Aquatech International LLC, Desolenator Labs, Elemental Water Makers B.V., F Cubed Limited, Solar Water Solutions Ltd., Solaropia
What Are the Latest Developing Trends in the Solar Water Desalination Plant Market?
Leading corporations within the solar water desalination plant sector are exploring new technologies and practices with enhanced water-production and salt-rejection capabilities, in an effort to optimize their market gains. Improved water-production rates point towards superior efficiency and productivity, while elevated salt-rejection rates result in fewer residual salts in the treated water. For example, in September 2023, the Massachusetts Institute of Technology (MIT) Corporation, an American research institution, introduced a solar-powered desalination gadget. This entirely passive system uses numerous layers of solar evaporators and condensers, set up vertically, and topped with transparent aerogel insulation. This unique system averts issues related to salt clogging through the use of natural convection to stimulate the desalination process, preventing salt build-up and enabling dependable high-performance operation, even in extreme circumstances. This innovation in solar desalination technology presents significant potential to alleviate water deficit in underdeveloped countries and offer a more sustainable, cost-effective means of generating freshwater.
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What Are the Emerging Geographies for The Solar Water Desalination Plant Market Growth?
Asia-Pacific was the largest region in the solar water desalination plant market in 2024. It is expected to be the fastest-growing region in the forecast period. The regions covered in the solar water desalination plant market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Solar Water Desalination Plant Market?
2. What is the CAGR expected in the Solar Water Desalination Plant Market?
3. What Are the Key Innovations Transforming the Solar Water Desalination Plant Industry?
4. Which Region Is Leading the Solar Water Desalination Plant Market?
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