Water Desalination Equipment Market

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 machinery removes molten salts and a variety of other minerals from brackish water, seawater, or any other water source and converts it to fresh or potable water. Desalination technology is utilized in municipal settings to convert existing water resources into potable water that is ready for use. Chemical, mining, and oil and gas industries all incorporate the usage of fresh water in their processes.

Growing water shortage and rapid depletion of freshwater resources are two main reasons propelling the worldwide water desalination equipment market. There is a scarcity of freshwater reserves in various arid locations because these places lack sources of surface water, such as rivers and lakes. Furthermore, as the world's population grows, so does the demand for water, fueling the market's expansion. Furthermore, worsening environmental conditions, such as changing weather patterns, deforestation, and increased pollution, have resulted in water scarcity and drought-like scenarios around the world. These factors are expected to boost the global water desalination equipment market growth.

The water desalination equipment market is segmented into technology, source, application, and region. By technology, the market is divided into reverse osmosis, multi-stage flash (MSF) distillation, multi-effect distillation (MED), and others. By source, it is fragmented into seawater, brackish water, river water, and others. By application, it is categorized into municipal, industrial and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The key players 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 global water desalination equipment market report provides in-depth competitive analysis as well as profiles of these major players.

Global Water Desalination Equipment Market, By Technology

By technology, reverse osmosis led the market and accounted for 69.1% of the global revenue in 2020. In reverse osmosis (RO), saline water is forced through a semipermeable membrane that filters salt molecules, thereby, removing salt from the water and producing freshwater.

Global Water Desalination Equipment Market, By Source

By source, seawater led the market and accounted for 59.0% of the global revenue in 2020. There is a rise in demand for clean water in various drought regions as these lacks various sources of water such as lake and rivers. Thus, growing demand from such regions coupled with lack of freshwater reserves is boosting the growth of seawater desalination equipment market.

Global Water Desalination Equipment Market, By Application

By application, the municipal segment accounted for around 54.8% of the water desalination equipment market share in 2020. The growth in urban infrastructure around the world has put a strain on resources such as water and electricity.

Global Water desalination equipment Market, By Region

By region, LAMEA is expected to witness a CAGR of 9.8% during the forecast period. Growing population, rapid urbanization, intensified industrialization, and extensive agricultural development has strained the existing water resources in the region.

Key Benefits For Stakeholders

• The report provides an in-depth analysis of the water desalination equipment market trends along with the current and future market forecast.
• This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.
• Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the water desalination equipment market industry for strategy building.
• A comprehensive water desalination equipment market analysis covers factors that drive and restrain the market growth.
• The qualitative data in this report aims on market dynamics, trends, and developments.

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. 
• 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.

 Water Desalination Equipment Market Report Highlights