The global water desalination equipment market size is expected to reach USD 15.69 billion by 2030, according to a new study by Polaris Market Research. The report “Water Desalination Equipment Market Share, Size, Trends, Industry Analysis Report, By Technology; By Application (Municipal, Industrial, Others) By Source (Sea Water, Brackish Water, River Water, Others); By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Rapid industrialization, scarcity of rainfall, and increasing population in many parts of the world are the major driving forces driving the global market growth. Advancements in technologies and increased investments to build new plants in various parts of the world provide an excellent opportunity for the international industry to grow in the coming years.
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Globally, a severe aqua scarcity is affecting an estimated 1 billion people. Rapid industrialization is also worsening the condition, with 19% of total H2O withdrawals globally being used for industrial purposes. All these factors will increase the demand for fresh H2O, which will augment the market's growth.
Governments across the globe are investing in building new plants to fulfill industrial and domestic needs, which will significantly contribute to the growth of the industry. For instance, in 2020, India planned to build a 400 MLD capacity sea H2O reverse osmosis plant in Chennai, which is expected to be operational by 2024.
Recently, Singapore opened its first large-scale plant named Keppel Marina East Desalination Plant, which can treat both sea H2O and fresh aqua to produce about 30 million gallons of fresh drinking H2O every day. The new detoxification plants will increase the demand for new equipment in the market.
There is a rapid advancement in developing and adopting novel energy-efficient technologies in purification plants. Companies focus on building plants that employ solar energy, wind energy, and tidal energy to generate fresh aqua. In June 2021, The Red Sea Development Company (TDC) opened the first desalination equipment plant using wind and solar power in Saudi Arabia, which will help significantly reduce carbon emissions.
Significant players include Aquatech International LLC, Acciona, S.A., Biwater Holdings Limited., Degrémont, Cadagua, Doosan Heavy Industries & Construction Co., Ltd., Veolia, IDE Technologies, Genesis Water Technologies, Guangzhou KangYang Seawater Desalination Equipment Co. (KYSEARO), General Electric Company, Ltd., Koch Separation Solutions (KSS), and SUEZ, Xylem.
Polaris market research has segmented the water desalination equipment market report based technology, source, application and region:
Water Desalination Equipment, Technology Outlook (Revenue - USD Billion, 2018 - 2030)
Water Desalination Equipment, Source Outlook (Revenue - USD Billion, 2018 - 2030)
Water Desalination Equipment, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Water Desalination Equipment, Regional Outlook (Revenue - USD Billion, 2018 - 2030)