Global Water Desalination Equipment Market

Water Desalination Equipment Market Size, Share, Growth Analysis, By Source(Seawater, Brackish water, River water, and Others.), By Technology(Reverse Osmosis, Multi-Stage Flash (MSF) Distillation, Multi-Effect Distillation (MED) and Others.), By Application(Municipal, Industrial, and Others), By Region - Industry Forecast 2024-2031


Report ID: SQMIG55D2022 | Region: Global | Published Date: May, 2024
Pages: 182 | Tables: 91 | Figures: 76

Water Desalination Equipment Market Dynamics

Drivers

Rising Water Scarcity

  • Growing population, urbanization, and industrialization has increased water demands and intensified the water scarcity issues, not only in arid and semi-arid regions but also in urban areas where access to freshwater is limited. Desalination helps to meet the rising water needs of growing urban populations while offering a vital solution to augment freshwater supplies in areas facing water stress.

Geographical Factors

  • Geographic regions with abundant seawater resources, such as coastal areas, drive the deployment of seawater desalination plants. Additionally, regions facing freshwater scarcity or contamination issues are prime markets for desalination equipment.

Climate Change

  • Changing weather patterns and unpredictable rainfall disrupts the traditional water sources such as lake, wells etc. along with continuous depletion of groundwater tables, has driven the water supply solutions like desalination to reduce the impacts of climate change on water availability.

Restraints

Lack of Proper Wastewater Disposal Planning

  • Proper disposal of brine generated during desalination processes is a significant challenge. Discharge of concentrated brine into marine environments can affect marine life and ecosystems. Finding environmentally sustainable methods for brine disposal remains a key challenge for desalination projects.

Limited Production of Freshwater and High Initial Costs

  • Despite technological advancements in this market, the desalination processes have limitations in freshwater production capacity compared to traditional water sources. Meeting large-scale water demand solely through desalination may not always be feasible or cost-effective. At the same time, the initial capital investment required for building desalination plants, especially large-scale facilities, can be substantial. High capital costs can also deter investment in desalination projects, particularly in regions with limited financial resources.
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FAQs

Water Desalination Equipment Market size was valued at USD 9.92 billion in 2022 and is poised to grow from USD 9.991 billion in 2023 to USD 23.20 billion by 2031, growing at a CAGR of 8.6% during the forecast period (2024-2031).

The competitive landscape of the water desalination equipment market is characterized by the presence of several prominent players, including MNCs and regional players, competing to capture the market share and meet the growing demand for desalination solutions. Key players such as SUEZ and Veolia along with companies like Doosan Heavy Industries & Construction, Acciona, and IDE Technologies are dominating the market with their extensive experience, technological expertise, extensive network and presence. Additionally, companies from the United States, such as Xylem Inc., Aquatech International LLC, and Evoqua Water Technologies LLC, play significant roles in providing advanced desalination equipment and services, making them specialized in technology related solutions and services. Regional players, particularly from countries with high water scarcity, such as Singapore, the UAE, and Saudi Arabia also contribute to the competitive landscape with their specialized solutions tailored to local market needs. The competition in the water desalination equipment market is driven by factors such as technological innovation, product differentiation, geographic reach, and the ability to provide cost-effective and sustainable water solutions. Therefore, manufacturers in this have adopted several strategies including acquisition, collaboration, new product development, and geographical expansion to enhance their market penetration and meet the changing technological demand from various end-use industries such as municipal, industrial, and others. 'SUEZ (France)', 'Veolia (France)', 'Doosan Heavy Industries & Construction (South Korea)', 'Acciona (Spain)', 'IDE Technologies (Israel)', 'Hyflux Ltd (Singapore)', 'Xylem Inc. (US)', 'Aquatech International LLC (US)', 'Evoqua Water Technologies LLC (US)', 'Cadagua (Spain)', 'Degremont Technologies (France)', 'Befesa (Spain)', 'GS Inima Environment (South Korea)', 'Aqua-Chem, Inc. (US)', 'Biwater (UK)', 'Sembcorp Industries Ltd (Singapore)', 'Metito (UAE)', 'Abengoa (Spain)', 'Kurita Water Industries Ltd (Japan)', 'Toshiba Water Solutions Pvt. Ltd. (Japan)'

Growing population, urbanization, and industrialization has increased water demands and intensified the water scarcity issues, not only in arid and semi-arid regions but also in urban areas where access to freshwater is limited. Desalination helps to meet the rising water needs of growing urban populations while offering a vital solution to augment freshwater supplies in areas facing water stress.

Emergence of Mining Sector: The mining sector is considered the fourth-largest industrial consumer of water. Thus, the increased utilization of water in mining activities is generating huge demand for water desalination equipment. Since many mining corporations are typically situated in areas with inadequate water supplies, like China, the region is predicted to invest in desalination or other alternative water sources in the assessment period.

Based on the geography, the 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 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 water desalination equipment market.

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Global Water Desalination Equipment Market

Report ID: SQMIG55D2022

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