The Global Marine Desalination System Market was worth US$ 7,320 million in 2022 and is anticipated to reach a valuation of US$ 12,320 billion by 2028 and is predicted to register a CAGR of 9.42% during 2023-2028.
Market Overview:
Market Trends:
Reverse osmosis is a widely employed method for the desalination of seawater and brackish seawater. The segment accounted for a significant part of the worldwide market in 2018. In the reverse osmosis separation technique, water passes under high pressure from the concentrated side to the diluted side through a semi-membrane. permeable that retains solutes such as salts, unwanted materials, etc. Reverse osmosis can be employed for a wide range of applications such as ultrapure water, boiler feed water, and wastewater treatment, including desalination of seawater, and brackish water is an important application.
Market Drivers:
The reuse of water in the marine industry has become an important part of the world's water resources management, driving calls for marine desalination systems. Manufacturers are embracing traditional technologies that are energy efficient, and easily replace old installations, which is the market engine for marine desalination systems. Also, emerging economies are focusing more on efficient technologies to reduce the problem of water scarcity in regions where decreased rainfall is a critical problem. Therefore, reducing the cost of capital and improving the operating cost of desalination drives market expansion. Water resources management focuses more on the reuse of water in the maritime industry, as it is one of the important factors driving the worldwide call for seawater desalination systems.
Market Restraints:
The market for marine desalination systems is concentrated because the technology to manufacture seawater desalination systems is relatively expensive. A considerable amount of CO2 is generated during the desalination process of seawater, escalating the carbon footprint, which is likely to hamper the market boom.
Market Opportunities:
The global marine seawater desalination system has employed reverse osmosis methods that are widely employed in the desalination of brackish marine seawater. In this method, the pressure is built to pass the water through a semi-permeable membrane from the concentrated side to the diluted side, this water goes through the high pressure and retains the solute as unwanted materials and salts, etc. This water is employed in various applications, among which the desalination of seawater and brackish water stands out. Other applications such as ultrapure water, boiler feedwater, and wastewater treatment are driving the market for marine desalination systems.
Market Challenges:
The effect of removing the brine or desalination concentrate is considered a major environmental concern. The concentration of brine varies considerably in each geographic area depending on the nature of the concentrate, the degree of dilution, and the surrounding aquatic biota. Strict maritime regulations regarding desalted brine discharge are predicted to hamper the market during the foreseen period.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2022 – 2028 |
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Base Year |
2022 |
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Forecast Period |
2023 - 2028 |
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CAGR |
9.42% |
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Segments Covered |
By Technology, Application, and Region. |
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Various Analyses Covered |
Global, Regional and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
DuPont, The Dow Chemical Company, SUEZ, Koch Membrane Systems, Inc., Toyobo Co., Ltd, Nitto Denko Corporation, Toray Industries, Inc., Time Wharton Technology Co.Ltd., Kurita Water Industries Ltd., Veolia, IDE Technologies, and Aquatech International LLC, and Others. |
Market Segmentation:
Market Regional Analysis:
The Middle East and Africa are predicted to dominate the world market during the foreseen period. Water scarcity in the region and its proximity to the ocean has led to the expansion of marine desalination systems in the region. The North American and Asia-Pacific market is supposed to develop at a strong pace during the foreseen period. Europe and Latin America are estimated to represent a moderate share of the worldwide market for marine desalination systems in the near future.
Multi-stage flash distillation, which is one of the oldest methods of producing drinking water, is widely adopted in the Middle East and Africa. The shipbuilding and repair industry in the Middle East and Africa is likely to be the least affected by the worldwide financial crisis. The European region has dominated the shipping sector. Recently, the Asia-Pacific region overtook Europe in the shipping sector. Europe has a broader maritime sector, which is likely to stimulate the call for marine desalination systems in the area. In the North American region, the United States is the world's largest cruise industry. Large numbers of people in the United States travel on cruises for recreational purposes. Seawater desalination systems are employed on cruise ships to remove salt and other minerals from seawater to make it fit for human consumption. In Europe, the United Kingdom and Germany are the main sub-regions of the cruise industry. The Europe region surpasses North America in terms of the number of cruise passengers. Germany is a fast-growing passenger transport market. The rapidly growing cruise industry in Germany is driving the call for marine desalination systems.
The worldwide economic recession caused by Coronavirus is having widespread impacts not only on jobs, economies, and governments but also on terrestrial and marine ecosystems. In the short run, the effects of COVID-19 on the health of the oceans have been hugely positive owing to the reduction of different sectoral pressures resulting in pollution, overfishing, habitat loss/conversion, and the introduction of species invasive, and the impacts of climate change in the ocean. While the ocean may reap some short-term benefits, the livelihoods and food security of tens or even hundreds of millions of people can be severely affected.
Market Key Players:
Global players operating in the Marine Desalination System Market include
Market Recent Developments:
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