Water Desalination Equipment Market Size to Surpass $11.2 Billion by 2026, Growing at a CAGR of 9.5%

Nov 06, 2023

Chicago, June 05, 2023 (GLOBE NEWSWIRE) -- Water Desalination Equipment Market size is projected to grow from USD 7.1 billion in 2021 to USD 11.2 billion by 2026, at a CAGR of 9.5% according to a new report by MarketsandMarkets™. The factors driving the growth for water desalination equipment are water scarcity and depletion of freshwater sources across the globe and rapid urbanization and industrialization in developing economies.

Browse in-depth TOC on "Water Desalination Equipment Market" 136 – Tables 51 – Figures 189– Pages

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Scope of the Report

The Water Desalination Equipment Market, by technology, is segmented reverse osmosis (RO), multi-stage flash distillation (MSF), multiple-effect distillation (MED), and others. The reverse osmosis segment is estimated to have the largest market share and is expected to grow at the highest rate during the forecast period. The technology is popular in developing countries due to its simple design and operation, as well as low cost. The demand for RO technology is expected to grow in the coming years owing to its low installation cost, easy processing, ability to treat all types of feed water, and minimal use of chemicals.

The Water Desalination Equipment Market, by application, is segmented into municipal, industrial, and others. The municipal segment holds the largest share in the Water Desalination Equipment Market, followed by industrial. The growth in population, migration of people from rural to urban regions, scarcity of consumable water, and depletion of freshwater sources across the globe have surged the need for desalinated water. This has encouraged the governments of developing economies to invest in the water treatment sector to enhance their capabilities related to providing potable water and accommodate the increasing demand. These factors are likely to fuel the adoption of desalination equipment in the municipal segment.

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Reverse Osmosis: The largest segment of the Water Desalination Equipment Market, by technology

The Water Desalination Equipment Market, by technology, is segmented reverse osmosis (RO), multi-stage flash distillation (MSF), multiple-effect distillation (MED), and others. The reverse osmosis segment is estimated to have the largest market share and is expected to grow at the highest rate during the forecast period. The technology is popular in developing countries due to its simple design and operation, as well as low cost. The demand for RO technology is expected to grow in the coming years owing to its low installation cost, easy processing, ability to treat all types of feed water, and minimal use of chemicals.

The Water Desalination Equipment Industry , by product, is segmented into membranes, pumps, evaporators, and others, which includes pressure vessels, energy recovery devices, and chemicals. The membranes segment accounted for a 28.4% share of the Water Desalination Equipment Market in 2020. The characteristic of the membranes to have high permeability to water and impermeability to dissolved salts and particulate matter has made them ideal for use in municipal applications. Furthermore, various technological advancements have enabled membrane providers to manufacture RO membranes for certain industries explicitly. This has led to an increase in the adoption of RO desalination technology in industrial applications.

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The Middle East & Africa region is estimated to be the largest market for the water desalination equipment, followed by APAC. The APAC region is also projected to be the fastest-growing market during the forecast period. Government initiatives towards the increased investment in water & wastewater management sectors, owing to the limited availability of consumable water and the rapidly increasing population are the factors driving the Water Desalination Equipment Market in the Middle East & Africa region.

Key Market Players

The leading players in the global Water Desalination Equipment Companies include Suez Water Technologies & Solutions (US), Veolia Water Technologies (France), DuPont (US), LG Chem (Korea), Toray Industries, Inc. (Japan), Sulzer (Switzerland) and Wärtsilä (Finland).

Recent Developments

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