Desalination Technologies Market on Track for Strong Growth, Estimated to Grow at 11.5% CAGR Through 2029

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What Is the Expected CAGR for the Desalination Technologies Market Through 2025?
In recent times, the desalination technologies market has experienced swift growth. Its size is projected to surge from $19.47 billion in 2024 to an estimated $21.73 billion in 2025, indicating a compound annual growth rate (CAGR) of 11.6%. Factors contributing to this significant growth during the period include advancements in desalination system capabilities, ongoing enhancements in graphene-based membranes, emphasis on minimizing brine production while boosting freshwater recovery, a rising interest in hydroponic agriculture, as well as governmental initiatives and investments.

What's the Projected Size of the Global Desalination Technologies Market by 2029?
A significant rise in the size of the desalination technologies market can be anticipated in the upcoming years, estimating a valuation of $33.62 billion in 2029, with a compound annual growth rate (CAGR) of 11.5%. This expected surge during the forecast period is resultant of expanding water scarcity, heightening demand for freshwater which is augmenting the count of desalination projects, hybrid desalination reducing carbon footprints while delivering superior quality water, escalating necessity of desalination systems, and a worldwide increase in freshwater requirements. The prominent trends during this forecast period encompass advancements in membrane technology, incorporation of iot (internet of things) and ai (artificial intelligence) technologies, the unfoldment of distinct and sustainable desalination technologies, the inception of smart innovations, and improvements in membrane technologies.

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Top Growth Drivers in the Desalination Technologies Industry: What's Accelerating the Market?
The escalation in water shortage is anticipated to stimulate the development of the desalination technology market. Water scarcity refers to a situation where the need for water surpasses its available supply due to either physical restrictions or insufficient infrastructure and management. Factors such as population increase, climate changes, water contamination, overuse of groundwater, inefficient water use, deforestation, land degradation, and conflicts over water resources contribute to the rising water scarcity. Desalination technology offers a steady and sustainable source of fresh water, especially in areas experiencing extreme water stress and scarcity. This technology aids in advancing water conservation and effective water management practices in tandem with desalination efforts. For instance, the United Nations Educational, Scientific, and Cultural Organization (UNESCO), based in France, stated in March 2023 that the global urban populace facing water scarcity is projected to hit 1.7 to 2.4 billion people by 2050. As such, the intensifying water scarcity fosters the growth of the desalination technology market.

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What Trends Will Shape the Desalination Technologies Market Through 2029 and Beyond?
Major players in the desalination technology market, as part of their business strategies, are creating innovative technologies like the integrated plug-and-play reverse osmosis technology to give them a competitive advantage. This technology provides a handy and efficient solution to water treatment needs, furnishing consumers with a trustworthy source of superior quality freshwater while simplifying the installation and operational procedures. For example, in April 2022, Veolia Water Technologies, a company based in France that specializes in water treatment, unveiled Barrel, a kind of integrated plug-and-play reverse osmosis (RO) technology, perfect for wastewater reuse and low-pressure RO applications. This new technology produces top-tier freshwater that fully complies with water quality standards. Additionally, this technology caters to different capacities ranging from 400 m3/day to 50,000 m3/day per unit, and it reduces electrical consumption starting from 0.05 kWh/m3 for every unit of fresh water produced.

What Are the Main Segments in the Desalination Technologies Market?
The desalination technologies market covered in this report is segmented -

1) By Technology: Reverse Osmosis (RO), Multi-Stage Flash (MSF), Multi-Effect Distillation (MED)
2) By Source: Sea Water, Brackish Water, River Water, Other Sources
3) By Application: Municipal, Industrial, Other Applications

Subsegments:
1) By Reverse Osmosis (RO): Low-Pressure RO, High-Pressure RO, Hybrid RO
2) By Multi-Stage Flash (MSF): Low-Temperature MSF, High-Temperature MSF
3) By Multi-Effect Distillation (MED): Vapor Compression MED, Thermo-Compression MED

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Which Top Companies are Driving Growth in the Desalination Technologies Market?
Major companies operating in the desalination technologies market are Hitachi Ltd., Veolia Environnement SA, Suez SA, Acciona SA, DuPont de Nemours Inc., Doosan Enerbility Co. Ltd., Danfoss A/S, Webuild SpA, Xylem Inc., Abengoa SA, BWT AG, Ampac USA, Aquatech International LLC, Keppel Offshore & Marine Ltd., H2O Innovation Inc., Hyflux Limited, IDE Technologies, FISIA ITALIMPIANTI S.p.A, Aqualyng AS, Keppel Seghers Pte Ltd., Komax Systems Inc., Dow Water & Process Solutions, Degremont, John Holland Group, Tianjin MOTIMO Membrane Technology Co. Ltd., Toray Industries Inc., Toyobo Co. Ltd.

Which Regions Will Dominate the Desalination Technologies Market Through 2029?
North America was the largest region in the desalination technologies market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the desalination technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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