Driven By Growing Population, Stringent Environmental Regulation, and Fast Diminishing of Fresh Water Reserves, the Global Water Desalination Equipment Market is Forecasted to reach nearly US$ 16 Bn by 2028 says Ken Research Study.
Water desalination is the process of removing minerals such as salt from saline water to make it fit to use. The three main sources of saline water are seawater, brackish water, and river water. Water desalination equipment manufacturers develop different types of technologies for desalination purposes such as Reverse Osmosis (RO), Multi-stage Flash (MSF) Distillation, Multi-effect Distillation (MED), and more that is mainly used in municipal and industrial application all around the globe.
Ken Research shares 3 key insights on this high-opportunity market from its latest research study.
1. The Water Desalination Equipment Market Is Witnessing Steady Growth Owing to Water Scarcity Globally.
The water desalination equipment market is witnessing steady growth owing to water scarcity around the world. Water scarcity means a lack of freshwater resources to meet the regular demand for water consumption for public usage. According to the United Nations (UN), which is an intergovernmental organization that fosters friendly ties between countries and maintains global peace, mentions that about half of the world's population will face water scarcity by 2030, which includes ~250 million people only from Africa.
Thus, to deal with water scarcity many companies are now developing various new technologies which include the establishment of water desalination plants i.e. using various chemical and physical processes to convert saline water to usable water.
According to Ken Research estimates, the Global Water Desalination Equipment Market – valued at around ~US$ 7 billion in 2017 and is estimated to reach nearly ~US$ 10 billion by 2022 – it is further expected to reach a market size of ~US$ 16 billion opportunities by 2028 at a CAGR of ~8% during the forecast period.
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2. Rapid Industrialization is driving the Global Water Desalination Equipment Market Growth.
Rapid industrialization is driving the global water desalination equipment market growth. As the water resources, demand has grown globally because of rapid industrialization, for any kind of manufacturing a significant amount of water is required. Thus, to fulfill the current demand for water resources desalination process is widely adopted by many countries such as Saudi Arabia, India, China, and more.
The below graph depicts the rise in water desalination in Saudi Arabia in 2018 vs 2021.
3. Environmental Issues Emerging Due to Brine Discharge Act as One of the Major Challenges Faced by The Market.
Desalination is the process of converting saline water or seawater to fit-to-use water, the residue that forms after a successful desalination process is called brine, which is toxic in nature and has an adverse effect on the environment badly as the brine is discharged back into the sea by the desalination plants manufacturers.
As the brine treatment and disposal methods are very costly in nature, thus many companies directly discharge brine into the sea, which has negative impacts on the flora and marine life.
The below graph depicts the average installation cost of different brine disposal systems.
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Key Topics Covered in the Report
- Snapshot of the Global Water Desalination Equipment Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Water Desalination Equipment Market
- Historic Growth of the Overall Global Water Desalination Equipment Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Water Desalination Equipment Industry
- Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
- COVID-19 Impact on the Overall Global Water Desalination Equipment Market
- Future Market Forecast and Growth Rates of the Total Global Water Desalination Equipment Market and by Segments
- Market Size of Application/End-user Segments with Historical CAGR and Future Forecasts
- Analysis of the Global Water Desalination Equipment Market
- Major Production/Supply and Consumption/Demand Hubs within Each Major Country
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Region
Key Companies Covered in the Report
- Doosan Corporation
- IDE Technologies
- Biwater Holdings Limited
- SUEZ
- Veolia Water Solutions & Technologies
- Xylem
- ACWA Power
- Aquatech International LLC
- Abengoa
- Acciona
Notable Emerging Companies Mentioned in the Report
- Salinnova
- Useful Wastes
- Desolenator
- Anfiro
- High Voltage Water
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Water Desalination Equipment Raw Material Suppliers
- Water Desalination Equipment Products Manufacturers
- Government Ministries and Departments for Drinking Water and Sanitation
- Water Desalination Equipment Industry Association
- Water Desalination Equipment Companies
- Venture Capitalists Targeting Water Desalination Equipment Industry
- Investment Banks Targeting Water Desalination Equipment Industry
- Environmental Regulatory Authorities
Time Period Captured in the Report
- Historical Period: 2017-202
- Forecast Period: 2022E-2028F
For More Information on the Research Report, refer to below links: –
Global Water Desalination Equipment Market: Ken Research
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