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| Global Water Desalination Market |
The global water desalination market is one of the rapidly growing water and wastewater treatment industries globally. Water desalination involves removing excess salt and minerals from saline water or seawater, making it suitable for various domestic and industrial purposes. There has been a significant increase in the demand for desalinated water, as freshwater resources are depleting rapidly while the global population and industries are growing exponentially. Water desalination helps address water scarcity issues and provides an alternative source of freshwater. Reverse osmosis (RO) is the most widely used desalination technology currently, as it is energy-efficient and cost-effective compared to other methods.
The Global
water desalination market is estimated to be valued at US$ 31.32 Bn in 2024 and is expected to exhibit a CAGR of 8.7% over the forecast period
2024 to 2031.
Key Takeaways
Key players operating in the global water desalination market are Acciona,
Biwater Holdings Limited, Aquatech International LLC, IDE Technologies, Veolia
Water Technologies, Doosan Heavy Industries & Construction, Genesis
Water Technologies, SUEZ Group, Aqua Filsep Inc., Hatenboer-water, Triveni
Engineering & Industries Ltd., Webuild Group, Barka Desalination
Company, Fluence Corporation Limited, and Marine Water Production AS. These
players are focusing on facility expansions and new product launches to enhance
their market presence.
The Global
Water Desalination Market Trends increased technological advancements in water
desalination processes and growing private sector investments present
significant opportunities in the market. Several large seawater desalination
plants are being commissioned globally to meet the increasing freshwater needs
of various industries and population centers.
North America, Europe, the Middle East, China, and Australia are major markets
for water desalination globally. However, countries in Africa and Asia Pacific
are expected to emerge as high growth regional markets over the forecast
period, owing to rising freshwater scarcity levels. Large desalination projects
are being planned and initiated across countries to ensure long-term water
security.
Market Drivers:
- Increasing demand for freshwater from expanding industries and growing
population is a key factor fueling the water desalination market growth.
Industries such as oil & gas, mining, power, etc. require large amounts of
desalinated water.
- Severe water scarcity issues in many parts of the world due to declining
precipitation levels, groundwater depletion, and irregular rainfall patterns
are boosting the adoption of desalination technology for addressing long-term
freshwater requirements.
Market Restrains:
- High capital and energy costs associated with water desalination plants
remain a major challenge, especially for small-scale and municipal
applications. This hinders widespread adoption of the technology.
- Improper disposal of highly saline brine discharge from desalination plants
can cause marine habitat degradation and environmental pollution if not
properly treated before outflow. Strict environmental regulations pose
compliance difficulties.
Segment
Analysis
The global water desalination market is dominated by Reverse Osmosis (RO)
technology segment, accounting for over 70% of total market share. RO is the
most energy efficient and commercially accepted water desalination technique.
Its membranes allow separation of dissolved salts from seawater under high
pressure. Advancements in membrane designs have improved RO performance
significantly over years in terms of permeability and rejection efficiency.
With desalination increasingly relied upon to meet rising demand for fresh
water, RO segment is expected to continue its dominance over the forecast
period backed by cost effectiveness and rising installation rates in both large
scale as well as small scale plants.
Global Analysis
The Middle East and North Africa (MENA) region dominates the global water
desalination market, constituting over half of the total capacity in 2024.
Driven by scarcity of natural sources of fresh water along with rising
population and urbanization levels, many countries in the MENA region depend
greatly on desalination for domestic and industrial water needs. Within MENA,
GCC countries including Saudi Arabia and United Arab Emirates are the largest
consumers globally. In addition, Asia Pacific region is projected to exhibit
strongest growth during the forecast period with countries such as China, India
and Australia exploring desalination aggressively to manage water stress. North
America and Europe also contribute significantly to global market though growth
rates are relatively slower compared to MENA and Asia Pacific regions. Key
global players are increasingly focusing on expanding presence in fast growing
regional markets to tap high growth opportunities.
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Water Desalination Market
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