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Future of the Water Desalination Equipment Market: Trends, Innovations, and Key Forecasts Through 2034
Water Desalination Equipment
Water Desalination Equipment Market Size Growth Forecast: What to Expect by 2025?
Rapid expansion has been witnessed in the market volume of the water desalination equipment in the recent times. The market which is valued $17.44 billion in 2024 is projected to rise to $19.23 billion in 2025, following a compound annual growth rate (CAGR) of 10.3%. The upward shift in the historic period can be traced back to factors such as increasing water shortage, growing population, governmental policies, hike in industrial requirements and urbanization surge.
How Will the Water Desalination Equipment Market Size Evolve and Grow by 2029?
The water desalination equipment market is predicted to experience significant expansion in the upcoming years, with an expected value of $29.7 billion in 2029 and a compound annual growth rate (CAGR) of 11.5%. The anticipated increase during the forecast period can be attributed to several factors such as investments in infrastructure, deteriorating water infrastructure, growing tourism and recreational activities, as well as increasing public health issues. Key trends projected during this forecast period include breakthroughs in forward osmosis technology, the decentralization of desalination, hybrid desalination systems, zero liquid waste approaches (zld), and intelligent desalination plants.
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What Drivers Are Propelling the Growth of Water Desalination Equipment Market Forward?
As urbanization and industrialization amplify, it is predicted to bolster the progress of the water desalination equipment market. Urbanization is characterized by people moving from rural to urban locales and the escalating population densities in urban spaces. This surge in both urbanization and industrialization is contributing towards a shortage in water, and the exhaustion of freshwater resources promotes a growing demand for water desalination technology. This technology helps extract salt from the water, eradicating its salinity. For example, the United Nations Department of Economic and Social Affairs estimates that, by 2050, 68% of the global population, approximately 2.5 billion individuals, will reside in urban areas. Consequently, the intensifying urbanization and industrialization globally are set to actuate the water desalination equipment market.
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What Are the Key Trends Driving Water Desalination Equipment Market Growth?
Innovation in technology is a leading trend gaining traction within the water desalination equipment market. Top-level companies in this sector are focused on creating cutting-edge solutions to solidify their market place. For instance, Veolia Water Technologies, a company based in France specialising in water treatment introduced Barrel, a revolutionary reverse osmosis (RO) technology, in April 2022 specifically designed for the Asia-Pacific region. Barrel addresses the rising need for fresh water by combating water scarcity issues. The Barrel system adeptly generates fresh water that meets strict quality criteria, making it apt for desalination, recycling wastewater, and low-pressure RO implementations. This technology offers an economically feasible, sustainable source for fresh water, providing a solid solution for water problems. Its modular and scalable structure, reduced space requirement, minimal piping connections, and comprehensive digitalization system categorize it as an advanced, environmentally friendly choice for water purification.
What Are the Key Segments in the Water Desalination Equipment Market?
The water desalination equipment market covered in this report is segmented -
1) By Product: Membranes, Pumps, Evaporators
2) By Technology: Reverse Osmosis, Multi-Stage Flash Distillation, Multiple-Effect Distillation, Other Technologies
3) By Application: Municipal, Industrial, Other Applications
Subsegments:
1) By Membranes: Reverse Osmosis Membranes, Nanofiltration Membranes, Ultrafiltration Membranes
2) By Pumps: High-Pressure Pumps, Centrifugal Pumps, Diaphragm Pumps
3) By Evaporators: Multi-Effect Distillation (MED) Evaporators, Multi-Stage Flash (MSF) Evaporators, Vapor Compression Evaporators
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Who Are the Key Players Shaping the Water Desalination Equipment Market's Competitive Landscape?
Major companies operating in the water desalination equipment market include 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.
What Geographic Markets Are Powering Growth in the Water Desalination Equipment Market?
Middle East was the largest region in the water desalination equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the water desalination equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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