Water Desalination Equipment Market Expected to Reach $16.6 Billion by 2030-Allied Market Research

According to a new report published by Allied Market Research titled, “Water Desalination Equipment Market by Technology, Source, and Application: Global Opportunity Analysis and Industry Forecast, 2020–2030,” the global water desalination equipment market size was valued at $6.9 billion in 2020, and is projected to reach $16.6 billion by 2030, growing at a CAGR of 9.2% from 2021 to 2030.

Desalination is the process of eliminating a large number of minerals from water, particularly salt. The water utilized in this process is sea water, which is converted to drinking water using this method. Desalination has evolved into a viable water supply option, enabling access to the world's largest water reservoir. Reverse osmosis, capacitive deionization, electro dialysis, multi-stage flash desalination, and other technologies are used to desalinate water.

Water demand for different manufacturing and industrial activities as well as other services and operations on an industrial or medium scale, such as in the oil and gas, agricultural, food and beverage, and pulp and paper industries, is expected to fuel the water desalination equipment market growth in the future. Rising demand for desalinated water and associated equipment is also being driven by rapid urbanization in several developing nations, and this trend is anticipated to continue during the projection period. The U.S. is one of the largest users of desalinated water among the main industrialized countries, particularly in the Carolinas and sections of Florida. High capital investment required for the installation of water desalination equipment is expected to restrain market growth during the forecast period.

The water desalination equipment market analysis has been done on the basis of technology, source, application, and region. By technology, the reverse osmosis segment dominated the market in 2020 and is expected to maintain its dominance during the water desalination equipment market forecast period. The demand for reverse osmosis technology is expected to witness growth owing to its properties such as low installation cost, easy processing, ability to treat all types of feed water, and minimal use of chemicals.

By application, the municipal sector is responsible for providing potable water to the urban population globally. Factors including the growing urban population coupled with expanding megacities across the globe are projected to constrain the capacity of municipal sectors to provide water.

By source, the increasing emphasis on treating seawater to conserve freshwater reserves is anticipated to drive the demand for seawater desalination equipment over the forecast period.

By region, LAMEA held the largest market share of global water desalination equipment market and is expected to dominate the market over the estimated time frame.

The major companies profiled in this report include Acciona SA, Biwater, Cadagua, Degremont Sas, Genesis Water Technologies, IDE Technologies, Pure Aqua, Inc., Koch Membrane Systems, Right Water Solutions, and Veolia. The players in the market have adopted several strategies, such as product launch and business expansion, to sustain the market competition.

Key Findings Of The Study:

• By region, LAMEA is projected to grow at the highest CAGR of nearly 9.8%, in terms of revenue, during the forecast period.
• By technology, the reverse osmosis segment accounted for the largest market share in 2020.
• By application, the municipal segment garnered the largest market share in 2020.
• By source, the seawater segment garnered the largest market share in 2020.

Impact Of Covid-19 On The Water Desalination Equipment Market

• COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
• In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the water desalination equipment market, since end-user industries were still not operating at their full capacity.
• COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
• The pandemic scenario has pushed the global economy into disorder and had a negative impact on the wastewater treatment equipment market. The growth of the wastewater treatment market is owing to the end-user industries. The wastewater treatment industries' ability to function effectively depends on the end industries’ ability to operate without interruption.
• The COVID-19 outbreak has reduced the water industry's investment rates. Because many companies have halted or postponed their usual production activities, investment rates have dropped, and the production department is experiencing a decline, the water treatment industries have suffered a significant setback.