The Global Water Desalination Equipment Market will reach an estimated valuation of US$ 13.32 billion by 2028 compared to US$ 8.07 billion in 2022 while registering this expansion at a rate of CAGR 9.50% during the forecast period 2023 - 2028.
Market Trends:
Escalating urbanization and the population living in cities and towns, coupled with rising oil prices, have put pressure on traditional groundwater supplies and contributed to significantly boosting the desalination market in Africa through the years. The impossibility of acquiring current water resources, the lack of alternatives to desalination, the increase in industrialized agriculture through the exploitation of natural resources, and the acceptance by governments of investing in R&D to buy factories.
Market Drivers:
The escalating dependence on water desalination technologies, especially in regions with less rainfall and water scarcity, is an important factor in the expansion of the worldwide market for water desalination equipment. Additionally, technological advancements in the water desalination equipment business, along with growing investments in the development of energy-efficient technologies for water desalination, are other factors predicted to drive the expansion of the global water desalination equipment market. A major and growing trend in the worldwide market is the escalating adoption of smaller water purification and desalination equipment by the residential and commercial sectors as a much more cost-effective and economical solution in energy for water desalination. In addition, the population increase, the abundant availability of seawater, and the scarcity of freshwater resources are also some of the factors that are predicted to drive the call for water desalination equipment, which in turn, is predicted to contribute to the expansion of the worldwide market. The escalating adoption of renewable energy to produce fresh water is gaining prominence in the market, as conventional technologies require a large amount of energy to function, making them expensive and impractical to use in developing countries. These trends are predicted to benefit business expansion during the outlook period.
Market Restraints:
High costs related to desalination equipment and process, in general, are the main factors likely to slow the expansion of the worldwide water desalination industry.
Market Opportunities:
Reverse osmosis technology is predicted to gain traction in the water desalination equipment market due to its independence from the use of fossil fuels for operational purposes. Reverse osmosis technology consumes comparatively less energy with the development of more efficient energy harvesting devices as well as better membrane materials, which is positively impacting the expansion of the global water desalination equipment market. The escalating need for seawater desalination due to the rising call for water is driving the worldwide market for water desalination equipment at a faster rate. The expansion of the market is being supported by growing concern about water shortages due to rapid population expansion, industrial development, and pollution. Rapid improvement in living standards in developing regions also requires cleaner water, which in turn stimulates advances in desalination technologies. The main advantage of desalinated water is that it can provide high-quality water for consumption even in times of drought, ultimately escalating the overall supply.
Market Recent Developments:
DOE releases a desalination price of $ 9 million. Competence to boost the advancement of systems that utilize solar thermal energy to get clean water from water with a high amount of salinity.
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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 |
9.50% |
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Segments Covered |
By Technology, Application, Product, and Region. |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
GE Water and Process Solutions, Genesis Water Technologies, Koch Membrane Systems, Doosan Heavy Industries and Co., IDE Technologies, and Degremont SAS. Other key players influencing the global market are Biwater, Cadagua, Hyflux Ltd., The Dow Chemical Company, and Others |
Market Segmentation:
The reverse osmosis segment accounted for a significant share of the global market, which is likely to continue in the envisioned period.
Market Regional Analysis:
Escalating dependence on water desalination technologies, especially in areas that depend on rain for water harvesting, such as Saudi Arabia, Israel, the United Arab Emirates, and other countries with significant financial resources in the MEA, has contributed significantly to the market expansion in this region. Currently, the Middle East and Africa market dominates the global water desalination equipment market in terms of revenue due to the high adoption of this equipment, coupled with the escalating call for fresh water from countries where water is scarce such as Israel, United Arab Emirates, and others.
Asia-Pacific is following this trend in terms of call and market revenue. The Asia-Pacific region market accounted for the second largest revenue share in the worldwide water desalination equipment market, due to the escalating reliance on water desalination equipment in emerging economies. Also, the increasing efforts of developing countries like China to promote themselves as a worldwide superpower have fuelled the overall market expansion in this region.
The growing number of immigrants in the MEA region is supposed to drive call for fresh water, which in turn will support the water desalination devices market during the conjecture period. In the Asia Pacific, rapid urbanization, population expansion, and intensifying industrialization are likely to deplete resources, including rivers, driving call for desalination equipment in the region. In North America, the growing number of oil and gas exploration activities in the region is likely to drive the market.
As coronavirus wreaks havoc on health systems and national economies, water and wastewater providers have been pushed into uncharted territory. The municipal water sector is predicted to be impacted “well beyond” the current health crisis, with short-term impacts catalyzing new approaches to urban resilience. In the short term, municipal utilities experience the cumulative effects of local economies freezing, massive overnight call shifts, and limited staff to manage operations. This requires better remote management, emergency response, and restructuring of operating budgets.
Market Key Players:
Some of the major players dominating the global water desalination equipment market are
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