Product ID: SQMIG55D2022
Report ID:
SQMIG55D2022 |
Region:
Global |
Published Date: May, 2024
Pages:
182
|
Tables:
91 |
Figures:
76
Based on the geography, the global water desalination equipment market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The Middle East & Africa region emerges as the largest. Middle East & Africa was accounted for 50.0% of the global revenue share in 2022 due to growing per capita water usage in the region and severe water scarcity prevalent in many countries within this region, particularly in arid and semi-arid areas. The Middle East faces significant challenges related to limited freshwater resources, growing populations, and high levels of industrial and agricultural activity. As a result, governments and industries in the region heavily rely on desalination technology to meet the escalating demand for fresh water. With strong government support for infrastructure development, increased investments to improve logistical connections, and reconstruction efforts in conflict-affected areas, the Middle East construction sector is likely to grow significantly. This has increased the water consumption, which has put the Middle East at the forefront of large-scale desalination projects, leveraging its access to abundant seawater as a feedstock along with its significant investments in desalination infrastructure. The widespread adoption of desalination technology in the Middle East & Africa region has strengthen its position as the largest segment in the global water desalination equipment market.
Asia Pacific is likely the next fastest-growing segment in the global water desalination equipment market and is likely to grow at a CAGR of 10.4% in the upcoming years. This is attributed to several factors, including rapid population growth, urbanization, industrialization, and increasing water stress in various countries across the region in countries like China and Australia. This region is also facing significant water scarcity issues, due to the reasons like climate change, pollution, and inefficient water management practices. Depletion of groundwater levels, particularly in countries like as Bangladesh and India, are expected to further reduce water availability in the region. As a result, there is a growing demand for desalination technology to supplement traditional water sources and ensure a reliable water supply for municipal, industrial, and agricultural purposes. Also, government initiatives, investments in infrastructure, and advancements in desalination technology further fuel the growth of the water desalination equipment market in the Asia Pacific region.
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Product ID: SQMIG55D2022