NEW YORK, Oct. 6, 2023 /PRNewswire/ -- The desalination market is expected to grow by USD 8.86 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 8.77% during the forecast period, according to Technavio. The increase in population and rise in demand for consumable water are notably driving the desalination market. However, factors such as high costs in initial investment of desalination plants may impede market growth. The market is segmented by Technology (Membrane and Thermal), Application (Municipal, Industrial, and Others), and Geography (Middle East and Africa, APAC, North America, Europe, and South America). We provide a detailed analysis of 20 companies operating in the desalination market including Acciona SA, Aquatech International LLC, Asahi Kasei Corp., Biwater Holdings Ltd., Consolidated Water Co. Ltd., Doosan Corp., DuPont de Nemours Inc., Ferrovial SA, IDE Water Technologies, Kurita Water Industries Ltd., Mitsubishi Heavy Industries Ltd., Osmoflo Water Management Pty. Ltd., Poseidon Water LLC, ProMinent GmbH, Sacyr SA, TEMAK SA, Toyobo Co. Ltd., Veolia Environment SA, Webuild, and Hyflux Ltd. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request Free Sample Report.
Desalination Market 2023-2027: Company Analysis
- Biwater Holdings Ltd. - The company offers desalination through advanced water purification systems, incorporating membrane treatment technologies to develop new indirect and direct potable reuse plants that can treat and reuse wastewater for potable consumption.
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Desalination Market 2023-2027: Segmentation
By Technology
- The water desalination market share growth by the membrane segment will be significant during the forecast period. It will be suitable for areas with excessive water pressure and low energy resources. RO, electrodialysis, electrodialysis reversal process, nanofiltration, and others are the most important techniques involved in this segment. Under high pressures, membrane technology is used to transport water via a permeable membrane. The performance of membranes and the pretreatment process have improved because of recent advances in energy recovery systems. Moreover, the efficiency of membrane technologies has been increased due to advances in materials research, which enable it to operate at low pressure and thus reduce energy consumption. The uniformity and the formation of pores in membranes are a result of these advances. The most suitable material for separation in this sector is the RO membrane. Hence, these factors are expected to drive segment growth during the forecast period.
By Geography
- Middle East and Africa are estimated to contribute 60% to the growth of the global market during the forecast period. This is mainly due to the fact that many countries lack sufficient freshwater resources and high investment capacity to exploit desalination techniques to meet the growing demand for drinking water. The region has some areas of aridity, including the Middle East and Northern Africa, which have populations over 70% along their coasts. For problems caused by the scarcity of fresh water, desalination provides a sustainable solution. In addition, the number of projects to build desalination plants in the Middle East and Mediterranean Sea Region is increasing, due to low rainfall and extreme climatic conditions. In view of its access to low-cost fossil fuel, the cogeneration of energy and water supply facilities as well as high seawater availability, thermal desalination technology is expected to become the most widely adopted technology in the region. Hence, these factors are expected to drive market growth in the region during the forecast period.
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Desalination Market 2023-2027: Key Highlights
- Historic Market Size 2017-2021
- CAGR of the market during 2023-2027
- Detailed information on factors that will assist desalination market growth during the next five years
- Estimation of the desalination market size and its contribution to the parent market
- Forecasts on upcoming trends and changes in consumer behavior
- The growth of the desalination market
- Analysis of the competitive landscape and detailed information on companies
- Comprehensive details of factors that will impede the growth of desalination market companies
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ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Technology
Market Segmentation by Application
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio