Market Size - USD 17.69 Billion in 2020, Market Growth - at a CAGR of 8.9%, Market Trends - Increasing research and development programs
New York, New York--(Newsfile Corp. - July 21, 2021) - The global water desalination equipment market size is expected to reach USD 34.95 Billion in 2028 and register a revenue CAGR of 8.9% over the forecast period, according to the latest report by Reports and Data. Rapid global water desalination equipment market revenue growth can be attributed to increasing initiatives by governments of various countries to explore and deploy water desalination technologies to meet water shortage and depleting freshwater resources. Governments are investing on deploying seawater desalination initiatives to develop large-scale seawater desalination plants in order to cater to rising demand for high-quality fresh water from a rapidly increasing population. For instance, the Water Desalination Act by the U.S. Government authorizes the secretary of the Interior and the U.S. Bureau of Reclamation to award grants and to enter contracts through the Desalination and Water Purification Research and Development (DWPR) Program for desalination research, development, and demonstration projects. Such initiatives are expected to drive demand for water desalination equipment during the forecast period. In addition, major players are entering into partnerships in order to develop new projects, which is expected to boost market growth. In October 2020, IDE Technologies which is a global leader in desalination and water treatment, announced that the company secured contract for Aconcagua Desalination Plant in Chile. The new project includes the supply, engineering, start-up, construction, and commissioning of a seawater reverse osmosis desalination.
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Construction requirements and infrastructure of desalination plants might act a threat in environmentally sensitive areas as these facilities include construction of water intake infrastructure and network of pipes for transporting feedwater to the processing plant. In addition, high capital investment required for the installation of water desalination facilities and equipment, especially in some developing economies, is expected to restrain market growth to some extent during the forecast period.
Some Key Highlights From the Report
In January 2020, Acciona, S.A., announced that the Hong Kong Water Supplies Department had selected the company to design, build, operate, and maintain the first phase of the Tseung Kwan O desalination plant. The new desalination plant is expected to help in alleviating challenges related to climate change and low rainfall in the area.
Seawater segment is expected to account for largest revenue share in the global water desalination equipment market over the forecast period. Governments of various countries, in collaboration with private organizations, are investing for the construction of seawater desalination plants owing to potential to reliably produce enough potable water to support fresh water demand among the growing population.
Reverse osmosis segment is expected to register robust revenue growth over the forecast period. Reverse osmosis desalination process via membranes is widely utilized to obtain drinking water from seawater or brackish water.
Municipal segment is expected to account for a robust revenue share over the forecast period. Municipalities in various countries are focusing on seawater and brackish water resources as alternative sources of potable water in order to meet rising water demand, which is boosting utilization of water desalination equipment.
Asia Pacific market revenue is expected to expand at a robust CAGR over the forecast period. Rapid industrialization in developing countries is leading to increasing demand for water, which is contributing to rising utilization of water desalination processes and equipment in some countries in the region.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/water-desalination-equipment-market
Major players in the market include:
Veolia Environnement S.A.
Doosan Heavy Industries & Construction
BIWATER HOLDINGS LIMITED
Aquatech International LLC.
For the purpose of this report, Reports and Data has segmented the global water desalination equipment market based on source, technology, application, and region:
Source Outlook (Revenue, USD Billion; 2018-2028)
Technology Outlook (Revenue, USD Billion; 2018-2028)
Multi-Stage Flash (MSF) Distillation
Multi-Effect Distillation (MED)
Application Outlook (Revenue, USD Billion; 2018-2028)
Regional Outlook (Revenue, USD Billion; 2018-2028)
Rest of Europe
Rest of APAC
Rest of LATAM
Rest of MEA
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