Pune, April 05, 2022 (GLOBE NEWSWIRE) — According to report published by The Brainy Insights, the global water desalination market is expected to grow from USD 13.50 billion in 2021 to USD 28.83 billion by 2030 , growing at a CAGR of 8.8% over the forecast period 2022-2030.
With the growing world population comes an increasing demand for clean water. Natural freshwater resources on earth, accessible and suitable for consumption, represent approximately 0.5% of the earth’s hydrosphere. Overuse of water for irrigation, manufacturing and other domestic consumption has led to the depletion of the planet’s freshwater resources. The water supply is in short supply. Drinking water demand is expected to increase at an annual rate of 1%. Rising demand for water and declining supply of natural water resources will drive the demand for water desalination. Water desalination is the only inexpensive and most efficient method currently available to meet the growing demand for water.
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Seawater and brackish water are used in the water desalination process. Their use reduces the load on freshwater resources and allows ample time to replenish. Climate change has brought uncertain changes in weather, making reliance on rainwater a vulnerable prospect. There have been more and more cases of drought around the world; seawater desalination can meet the water demand of these arid regions. Seawater has a high concentration of salts, which is unfit for human consumption, the constant process of seawater desalination leads to scaling. Scaling is the deposit of minerals and salts on the membranes of water desalination equipment. This deposit reduces the life of the membrane. The reduced service life leads to the use of more membranes, which increases operating costs. Preventive measures such as disinfectants, scale removers or pre-treatments can be used. However, these measures are also costly in nature, which hampers the growth of the market. Hybrid water desalination techniques are being developed to reduce production and maintenance costs. Hybrid technologies are very efficient and cost effective. Hybrid technologies could facilitate market expansion and provide lucrative opportunities for the water desalination market. The by-product resulting from the desalination of water is brine. Brine is water with a high concentration of salts. When brine is discharged into the oceans, it damages the marine ecosystem. When released inland, it harms the flora and fauna of the region. The salinity of inland soils is also increasing, which is detrimental to biodiversity. The listed environmental concerns are likely to challenge the water desalination market.
Rising global population, rapid urbanization, increasing industrialization, depletion of fresh water resources, increasing water scarcity and water pollution will drive the growth of the water desalination market. Rising government spending on wastewater management, water conservation, and growth in infrastructure spending are also expected to contribute to the growth of the market.
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Leading players operating in the global water desalination market are:
• Doosan Heavy Industries and Construction
• IDE Water Technologies
• Genesis Water Technologies
• Biwater Holdings Limited
• Mitsubishi Chemical Corporation
• Aquatech International LLC
• Aqua FilSep inc.
To strengthen their position in the global water desalination market, the major players are now focusing on adopting strategies such as product innovations, mergers and acquisitions, recent developments, joint ventures, collaborations and partnerships.
• Veolia, a major player in the global water desalination market, has teamed up with 24 partners in the APAC region. The partners have distribution expertise in the Chinese, Indonesian and Vietnamese markets. Veolia has partnered with these companies to use their knowledge in the marketing, sales and delivery of their water technologies.
The municipal segment dominated the market with a market share of around 56% and a market value of around 7.56 billion in 2021.
The application segment is divided into municipal, industrial and others. The municipal segment dominated the market with a market share of around 56% and a market value of around 7.56 billion in 2021.
The seawater segment is expected to grow at the fastest CAGR of 10.6% during the forecast period.
The source segment is divided into seawater, brackish water, river water and others. During the forecast period, the seawater segment is expected to grow at the fastest CAGR of 10.6%.
The reverse osmosis (RO) segment led the market, accounting for approximately 45% of global revenue and a market value of approximately $6.07 billion in 2021.
The technology segment is divided into reverse osmosis (RO), multi-stage flash distillation (MSF), multi-effect distillation (ME) and others. The reverse osmosis (RO) segment led the market, accounting for approximately 45% of global revenue and a market value of approximately $6.07 billion in 2021. Reverse osmosis desalination process has low setup costs , low maintenance costs, ease of application and processing. , simple design and operation. Reverse osmosis can treat any type of water fed into its system and uses minimal chemicals. The listed benefits are factors responsible for the prevalence of reverse osmosis in water desalination.
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Regional Segment Analysis of Water Desalination Market
• North America (United States, Canada, Mexico)
• Europe (Germany, France, UK, Italy, Spain and rest of Europe)
• Asia-Pacific (China, Japan, India and rest of Asia-Pacific)
• South America (Brazil and rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of the Middle East and Africa)
Among all regions, the Middle East and Africa region has emerged as the largest market for the global water desalination market, with a market share of around 33.6% in 2021. Asia-Pacific is expected to be the largest market during the forecast period. China dominates the water desalination market in Asia-Pacific. Growing government initiatives for wastewater management and water conservation are expected to contribute significantly to the water desalination market in Asia Pacific. According to a UNICEF report, around 785 million people do not have access to safe drinking water and around 2 billion people drink contaminated water. The scale of the world’s water crisis will deteriorate further, as half of the world’s population is expected to face water scarcity by 2030. This looming global crisis requires urgent attention; the deployment of water desalination can alleviate or at least minimize water scarcity for the world’s population.
About the report:
The global water desalination market is analyzed by value (in billions of dollars). All segments were analyzed globally, regionally and nationally. The study includes analysis of more than 30 countries for each coin. The report offers an in-depth analysis of the driving factors, opportunities, restraints and challenges to gain a critical overview of the market. The study includes Porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position analysis, distribution and marketing channel analysis.
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