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Marine Water Desalination Market Growth Accelerates: Strategic Forecast Predicts $20.54 Billion by 2029
Marine Water Desalination Market
What Will the Marine Water Desalination Industry Market Size Be by 2025?
The market size of marine water desalination has seen speedy expansion in the past few years. It is set to increase from $10.68 billion in 2024 to $12.03 billion in 2025, with a compound annual growth rate (CAGR) of 12.6%. This surge in the historical period could be linked to escalating global population, swift urbanization and industrialization, growing utilization of renewable energy sources, escalating water shortage in coastal areas, environmental norms endorsing the adoption of desalination for sustainable water supply, and increasing use of renewable energy sources.
What's the Long-Term Growth Forecast for the Marine Water Desalination Market Size Through 2029?
The market for desalination of seawater is predicted to undergo swift expansion in the coming years, reaching $20.54 billion in 2029, with a compound annual growth rate (CAGR) of 14.3%. Factors contributing to the growth during this forecast period are the soaring requirement for freshwater, heightened demand for water in regions facing water scarcity, the fusion of desalination plants with other water remediation methods, the surge in the global populace necessitating more fresh water, and growing initiatives by both government and private entities investing in desalination infrastructure. Key trends during this projection period involve technological evolution, cutting-edge membrane technologies, a rising emphasis on decentralized desalination systems, innovation in water storage and distribution framework, and introduction of new products.
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What Are the Key Growth Drivers Fueling the Marine Water Desalination Market Expansion?
The marine water desalination market is expected to grow owing to the heightened need for fresh water. The attainment of fresh water necessitates efficient water management strategies, conservation initiatives, and partnerships to enable fair availability. Marine water desalination aids in mitigating fresh water shortage by transforming sea water or brackish water into drinkable water through methods like reverse osmosis or distillation, offering a dependable supply of purified water for various applications. For example, a report by the Parks and Recreation business, a magazine based in the US, noted in September 2023 that worldwide, the annual usage of freshwater has surpassed 4 trillion cubic meters, with consumption in 2022 exceeding 2,002 trillion cubic meters. Anticipations suggest a 20 to 30 percent rise in water demand by 2050. Thus, the escalating requirement for fresh water bolsters the expansion of the marine water desalination market.
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What Are the Key Trends Driving Marine Water Desalination Market Growth?
In the marine water desalination market, major firms are introducing advanced technologies. These include desalination methods that offer a more economical way to produce freshwater from seawater than traditional tap water. Desalination involves removing salts and other minerals from saline water to make it potable or suitable for farming. In September 2023, engineers from the US-based private research university, Massachusetts Institute of Technology (MIT) Corporation, developed a solar-powered desalination device. This entirely passive system features several layers of flat solar evaporators and condensers arranged vertically and capped with clear aerogel insulation. It prevents salt accumulation, often an issue in desalination, by relying on natural convection, ensuring efficient and continuous operation even in harsh conditions. These solar desalination technological advancements have the potential to tackle water shortages in developing nations and provide a more sustainable and affordable way of generating freshwater.
How Is the Marine Water Desalination Market Segmented?
The marine water desalinationmarket 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 Companies Are Leading the Charge in Marine Water Desalination Market Innovation?
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
Which Regions Are Leading the Global Marine Water Desalination Market in Revenue?
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.
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