Global Water Desalination Equipment Market to Grow at 7.9% During 2024-2032, Stimulated by Depleting Freshwater Reserves

July 08, 2021 | Energy & Mining

According to the latest report by IMARC Group, titled “Water Desalination Equipment Market Report by Technology (Reverse Osmosis, Multi-Stage Flash (MSF) Distillation, Multi-Effect Distillation (MED), and Others), Source (Seawater, Brackish Water, River Water, and Others), Application (Municipal, Industrial, and Others), and Region 2024-2032,” the global water desalination equipment market reached a value of US$ 11.1 Billion in 2023. Water desalination equipment is used to purify seawater and brackish water. It assists in separating salts and minerals from water sources and converting them to freshwater. It relies on various technologies to provide consumable water. As a result, water desalination equipment finds application during the processing of brine across the globe.

Global Water Desalination Equipment Market Trends:

Due to the rapid depletion of freshwater reserves, there is a surge in water scarcity around the world. This, in confluence with a considerable increase in the requirement for effective wastewater management, represents one of the primary factors strengthening the market growth. Apart from this, declining environmental conditions, such as increasing pollution levels and deforestation activities, have propelled governing agencies to develop water desalination plants. Furthermore, leading players are introducing advanced technologies like hybrid desalination process equipment and multi-stage flash (MSF) distillation technology. These technologies offer ease of operation, minimal maintenance costs, and compatibility with dual-purpose power generation plants. This, along with extensive infrastructural developments, is creating a favorable market outlook. The market is also impelled by the rising global population and the growing adoption of desalination equipment in the commercial and residential sectors worldwide. Looking forward, IMARC Group expects the market to grow at a CAGR of 7.9% during the forecast period (2024-2032).

Market Summary:

  • Based on the technology, the market has been divided into reverse osmosis, MSF distillation, multi-effect distillation (MED), and others.
  • On the basis of the source, the market has been segregated into seawater, brackish water, river water, and others.
  • Based on the application, the market has been classified into municipal, industrial, and others.
  • Region-wise, the market has been categorized into North America (the United States and Canada), Asia Pacific (India, Japan, China, South Korea, Australia, Indonesia, and others), Europe (the United Kingdom, Germany, France, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has been examined, with some of the key players being Abengoa, S.A., Acciona, S.A., Biwater Holdings Limited, Doosan Heavy Industries & Construction Co. Ltd., Genesis Water Technologies, Inc., IDE Technologies, Koch Separation Solutions, Inc., The Dow Chemical Company, Veolia Environnement S.A., and Xylem, Inc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Technology, Source, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Abengoa, S.A., Acciona, S.A., Biwater Holdings Limited, Doosan Heavy Industries & Construction Co. Ltd., Genesis Water Technologies, Inc., IDE Technologies, Koch Separation Solutions, Inc., The Dow Chemical Company, Veolia Environnement S.A., and Xylem, Inc.
Customization Scope 10% Free Customization
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Post-Sale Analyst Support 10-12 Weeks
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Global Water Desalination Equipment Market to Grow at 7.9% During 2024-2032, Stimulated by Depleting Freshwater Reserves
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