The global water desalination equipment market is projected to reach US$ 25 Billion by 2032, with sales growing at a prolific CAGR of 9% over the forecast period of 2022 to 2032. Water desalination equipment market is likely to reach an estimated value of US$ 13 Bn by the end of 2022. The elevated scarcity of potable water resources all over the world is expected to propel market possibilities for water desalination equipment.
Industrial machines that clean seawater, brackish water, or water from any other source are known as water desalination equipment. Desalination allows for the removal of salts and minerals from a variety of water sources, including sewage, wells, industrial feed, and other sources.
This water is transformed into freshwater or potable water during the procedure. As a result, water desalination equipment is widely employed in a variety of industries, including the oil and gas industry, mining, the chemical industry, agricultural, and municipal contexts.
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Rapid population growth coupled with increasing demand for water as well as disturbances in water cycles that lead to water scarcity are factors contributing to the growth of water desalination equipment market. In addition to this, swift industrialization has led to an increase in the usage of water in multiple end-use industries which in turn has created an upsurge in the demand for water desalination machinery across different industry verticals.
Moreover, scarcity of potable or freshwater reserves are propelling the demand for water treatment, specifically desalination, in arid areas. All of these are some of the prominent factors fueling the growth in the global water desalination equipment market.
Key Takeaways:
- Incorporation of digital technology in desalination plants to boost market possibilities.
- Implementation of strict government regulations on the release of effluent water from manufacturing facilities to generate attractive market opportunities.
- Damage to the ecosystem might be an impediment to market growth.
- The Middle East & Africa is predicted to dominate the market over the forecast period.
- Demand for water desalination equipment is expected to grow at a faster rate in the Asia Pacific region.
Competitive Landscape
Doosan Heavy Industries and Co, General Electric, Acciona SA, Genesis Water Technologies, Degremont Sas, Koch Membrane Systems, IDE Technologies, Biwater, Hyflux Ltd, Aquatech International LLC, Veolia, Guangzhou KangYang Seawater Desalination Equipment Co., Ltd., Dow, Ferrovial, Abengoa, Fisia Italimpianti S.p.A., Xylem, and Cadagua, among others are some of the major players in the water desalination equipment market that are profiled in the full version of the report.
Composed of regional and global market players, the water desalination equipment maket is a fairly competitive market. The market players are focused on designing, manufacturing, and commercialization of water desalination machinery. These businesses are intent on gaining a competitive advantage in the market. Market players like General Electric, Doosan Heavy Industries and Co, and Hyflux Ltd are expected to account for a large share in the overall market.
More Insights into the Water Desalination Equipment Market Report
In its latest report, FMI offers an unbiased analysis of the global water desalination equipment market, providing historical data from 2015 to 2020 and forecast statistics for the period 2022 to 2032. To understand the global market potential, growth, and range, the market is segmented based on technologies (reverse osmosis, nanofiltration, multi stage flash, electrodialysis, vapor compression, multi effect distillation, others), application (municipal, industrial, others (hospitality, etc.)) and region.
According to the latest FMI reports, based on regional growth, the Middle East and Africa region are expected to dominate the market over the forecast period. Rising demand for potable water from countries like UAE, Israel, and Saudi Arabia along with growing demand for water desalination equipment in the expanding construction sector in Qatar, Kuwait, UAE, and Saudi Arabia are likely to fuel market growth in this region. Furthermore, growing industrial and municipal needs of energy, pharmaceutical, chemical, oil & gas sectors will likely supplement the regional market growth.
The Asia Pacific region, too, is projected to witness impressive market growth over the assessment period of 2022-2032. Owing to the rising demand of water desalination equipment in emerging economies like India and China, the Asia Pacific is expected to register a faster growth rate. Rapid industrialization in tandem with prevailing urbanization is also a contributing factor to market growth. Additionally, the lack of administrative or legislative framework for water safety standards has driven countries like China to adopt their own drinking water standard such as GB38338-2002 (Type II). Thus, boosting the sales of water desalination equipment in the Asia Pacific market.
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Water Desalination Equipment Market Outlook by Category
By Technology:
- Reverse Osmosis
- Nanofiltration
- Multi-Stage Flash
- Electrodialysis
- Vapour Compression
- Multi-Effect Distillation
- Others
By Application:
- Municipal
- Industrial
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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