NEWARK, September 27, 2023 (GLOBE NEWSWIRE) — The global desalination market will grow from USD 13.5 billion in 2021 to USD 13.5 billion by 2030, at a CAGR of 8.8% during the forecast period 2022-2030. It is expected to grow to USD 28.83 billion. Increasing global population, rapid urbanization, increasing industrialization, depletion of freshwater resources, increasing water scarcity and water pollution are expected to drive the growth of the desalination market. Increased government spending on wastewater management, water conservation, and increased infrastructure spending is also expected to contribute to market growth.
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The municipal segment dominates the market, with a market value of approximately $7.56 billion in 2021.
The application segment is divided into municipal, industrial, and other. The municipal segment dominates the market with a market value of approximately 7.56 billion in 2021. Rapid urbanization and industrialization are increasing the urban population. Current freshwater resources are unable to meet the water demands of a growing population. These factors combine to increase the demand for water desalination by municipalities.
The seawater segment is expected to grow at the fastest CAGR of 10.6% during the forecast period.
Water sources can be divided into seawater, brackish water, river water, etc. During the forecast period, the seawater segment is expected to grow at the fastest CAGR of 10.6%. The abundance of seawater on Earth makes it a reliable source for desalination.
The reverse osmosis membrane segment dominates the market, accounting for approximately $6.07 billion in global sales.
The technology segment is divided into reverse osmosis (RO), multistage flash (MSF) distillation, multiple effect (ME) distillation, etc. The reverse osmosis membrane segment dominates the market, accounting for approximately $6.07 billion in global sales. The reverse osmosis process of desalination has low installation cost, low maintenance cost, easy application and treatment, and simple design and operation. Reverse osmosis can treat any type of water that is fed into the system, and the use of chemicals is kept to a minimum. The listed advantages are the factors responsible for the superiority of reverse osmosis in water desalination.
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Regional segmentation analysis:
The market is analyzed based on five regions: North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific is expected to become the largest market during the forecast period. The desalination market in Asia Pacific is rapidly expanding. China dominates the desalination market in the Asia-Pacific region. Increasing government initiatives on wastewater management and water conservation are expected to contribute significantly to the Asia Pacific desalination market. According to a UNICEF report, approximately 785 million people lack access to potable water and approximately 2 billion drink contaminated water. The scale of the global water crisis will further worsen, with half of the world’s population expected to face water scarcity by 2030. This pressing global crisis requires an urgent response. The introduction of desalination can alleviate, or at least minimize, water scarcity for the world’s population.
Key players in the market include SUEZ, Veolia, Doosan Heavy Industries & Construction, ACCIONA, IDE Water Technologies, Genesis Water Technologies, Biwater Holdings Limited, Mitsubishi Chemical Corporation, Aquatech International LLC, Aqua FilSep Inc., etc.
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About the report:
The global desalination market is analyzed on the basis of value (US$ Billion). All segments are analyzed on global, regional and country basis. The study includes analysis of over 30 countries by segment. The report offers an in-depth analysis of drivers, opportunities, constraints, and challenges to gain key market insights. The study includes Porter’s Five Forces Model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor location grid analysis, distribution and marketing channel analysis.
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