The global water desalination market provides an efficient solution to fresh water scarcity by converting saline water into potable water. Reverse osmosis technology is extensively used in desalination plants as it requires less energy and offers better water quality. Rapid population growth and urbanization have placed excessive pressure on natural freshwater resources in many countries. This has boosted the adoption of desalination for domestic and industrial purposes.
The global water desalination market is estimated to be valued at USD 17.47 Bn in 2024 and is expected to reach USD 31.32 Bn by 2031, growing at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.
Key Takeaways
Key players operating in the global water desalination market are Acciona, Biwater Holdings Limited, Aquatech International LLC, IDE Technologies, Veolia Water Technologies, Doosan Heavy Industries & Construction, Genesis Water Technologies, SUEZ Group, Aqua Filsep Inc., Hatenboer-water, Triveni Engineering & Industries Ltd., Webuild Group, Barka Desalination Company, Fluence Corporation Limited, and Marine Water Production AS. These companies offer advanced desalination solutions to produce potable water from impaired water sources.
The growing demand for fresh water from sectors like residential, industrial, commercial and municipal is driving the Global Water Desalination Market Demand Rapid urbanization and population growth have strained existing water resources in many developing nations. Desalination helps bridge the supply-demand gap and provides a long term solution for fresh water requirements.
Several countries in the Middle East, Africa, South Asia and Latin America face acute water scarcity issues. These regions present lucrative opportunities for water desalination companies to expand their global footprint. Partnerships with local governments and investments in new desalination infrastructure will further accelerate market revenues during the forecast period.
Market key trends
The integration of renewable energy sources like solar and wind with desalination plants is a major trend in the market. It helps reduce carbon footprint and dependence on fossil fuels. Several pilot projects have demonstrated the technical and economic viability of powering desalination through solar and wind energy. With falling costs of renewables, their coupling with desalination will play a vital role in addressing both water and energy security challenges faced globally in a sustainable manner. This is expected to significantly boost the global water desalination market over the coming years.
Porter’s Analysis
Threat of new entrants: Global Water Desalination Market Size And Trends requires high capital investments for plants and equipment limiting new companies to enter the market.
Bargaining power of buyers: buyers have moderate bargaining power due to the availability of substitutes like treating and recycling wastewater but desalinated water offers consistent quality.
Bargaining power of suppliers: suppliers of machinery, equipment and components have moderate bargaining power due to switching costs for buyers and need for aftersales services.
Threat of new substitutes: no cost effective substitutes currently available at scale to desalinated water making it less vulnerable to substitutes.
Competitive rivalry: intense competition amongst existing players to gain market share and contracts for new projects across Middle East, North America and Asia Pacific markets.
Geographical Regions
The Middle East region accounts for over half of the total desalinated water production worldwide driven by countries like Saudi Arabia and UAE. Rapid urbanization and economic growth in the water scarce GCC countries have increased demand for fresh water which is met through large desalination projects.
Asia Pacific region is expected to register the highest CAGR during the forecast period led by capacity additions in countries like China, India and Australia. Rising populations, industrialization and economic development are driving the need for secure and sustainable fresh water sources in the region. Development of energy efficient reverse osmosis technologies is also boosting adoption of desalination particularly in coastal regions.
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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