Water Desalination Equipment Market:
Growth opportunities in the water desalination equipment market look promising over the next six years. This is mainly due to rapid depletion in freshwater resources, deteriorating environmental conditions, which include altered weather patterns and deforestation and the growing population across the globe.
Water Desalination Equipment Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The augmenting scarcity of water and prompt depletion of freshwater resources are the prominent drivers responsible for the growth of the global water desalination. Also, many arid regions have experienced shortage of freshwater reserves due to the insufficient sources of surface water like lakes and rivers. Also, the expanding population throughout the world, has remarkably surged the water demand, which is fuelling the market size. Moreover, the worsening environmental conditions, including changing weather pattern, raised pollution, and deforestation have led to water shortage and drought-like situation across the world. These factors will boost the market growth.
Technology Segment Drivers
Based on the technology, reverse osmosis is anticipated to increase at a faster CAGR over the forecast period. The reverse osmosis (RO) process passes saline water via a semi-permeable membrane which filters salt molecules and takes out salt from the water to impart freshwater. Also, it provides enormous benefits, which includes less installation cost, the capability to treat all types of feed water, easy processing, and minimum usage of chemicals. These factors play a crucial role in supplementing the growth of the reverse osmosis segment in the global water desalination equipment market.
Application Segment Drivers
On the basis of the application, the municipal segment is projected to witness a higher CAGR over the forecast period. The stimulation in the infrastructural growth across urban areas of the nations, has imposed a burden on resources, such as electricity and water. Moreover, the decreasing cost of desalinated water and the rising price of surface water in urban areas is also promoting the market growth. The sector is accountable to provide potable water to the urban population worldwide. Moreover, the development of megacities and the escalation of urban population will reduce municipal sectors capacity to supply water. These factors together will drive the market growth. equipment market.
Regional Drivers
Based on the regional coverage, Asia pacific is expected to expand at a faster CAGR during the forecast period. This is primarily because of the growing population, substantial agricultural development, strengthened industrialization, and rapid urbanization, which has extensively exhausted the existing water resources. Furthermore, the altering climatic conditions will supplement the water stress. These factors hold a major role to intensify the market growth.
Water Desalination Equipment Market’s leading Manufacturers:
- Hyflux Ltd.
- Genesis Water Technologies
- IDE Technologies
- Veolia
- ACCIONA
- Biwater Holdings Limited
- Aquatech International LLC.
- Xylem
- SUEZ worldwide
- Doosan Heavy Industries & Construction
Water Desalination Equipment Market Segmentation:
Segmentation by Technology:
- Reverse Osmosis
- Multi-Stage Flash (MSF) Distillation
- Multi-Effect Distillation (MED)
- Others
Segmentation by Source:
- Sea Water
- Brackish Water
- River Water
- Others
Segmentation by Application:
- Municipal
- Industrial
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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