The Global Water Desalination Market Ist

Raj 5/15/2024 2:03:28 PM

The Global Water Desalination Market Is Driven
By The Increasing Freshwater Scarcity Issues

The growing
freshwater scarcity issues across the globe have heightened the need for
alternative sources to bridge the demand-supply gap. Desalination refers to the
process of removing salt from seawater or brackish water to obtain fresh water
suitable for drinking and irrigation purposes. It is one of the most viable
options to overcome water scarcity issues. Seawater constitutes over 97% of the
world's water resources but remains largely untapped. Desalination technology
offers a sustainable solution to desalinate seawater on a large scale and
supplement freshwater resources. Various desalination techniques such as
reverse osmosis, multistage flash, multi-effect distillation, and
electrodialysis are used to desalinate seawater in large coastal plants. Key
regions deploying desalination include the Middle East, South Asia, North
America, and Australia.

The Global
Water Desalination Market is estimated to be valued at US$ 31.32 Bn in 2024 and is expected to exhibit a CAGR of 8.7% over the forecast period
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.

The growing freshwater scarcity issues across the Global
Water Desalination Market Trends
for desalinated water. According to
the United Nations, over 1.7 billion people currently face severe water
scarcity globally and the number is projected to rise to over 2.7 to 3.2
billion people by 2050. Large-scale desalination initiatives are being
undertaken to overcome freshwater shortages in countries including Saudi
Arabia, UAE, Israel, Spain, Australia, and the US.

Desalination companies are also expanding their global footprint to tap the
investment opportunities in new markets. For instance, IDE Technologies has
installed over 1,000 desalination plants in over 44 countries. Through
partnerships with local players, large desalination providers are venturing
into high-growth regions of Africa, Latin America, and South Asia to capitalize
on the rising freshwater demand.

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Water Desalination Market

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Water Desalination Market


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