Water Desalination Market is Expected To Reach USD 26.81 Billion By 2025
by Jasmine Walker Market Research AnalystThe Global
Water Desalination Market is set to reach USD 26.81 billion by 2025, primarily driven by rapid
industrialization, increasing population, and depleting freshwater bodies.
Moreover, increasing public awareness regarding water conservation and strict
government laws on treatment is expected to fuel growth.
Recycled wastewater is widely used in
landscaping and irrigation. The Middle East & Africa was the largest market
accounting for 53% of the revenue share in 2016 and is expected to maintain its
dominance over the forecast period on account of the high supply-demand gap of
potable water.
Global warming has resulted in accelerating
the evaporation of water bodies which eventually has led to droughts in
numerous parts of the world. For instance, the U.S and Middle East & Africa
have been affected adversely by severe multi-year and multi-state droughts over
the past few years.
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Countries such as U.S. and Saudi Arabia are
focusing on the existing projects, instead of commencing new projects. The
North America desalination market is expected to grow at an 8.6% CAGR over the
next few years on account of rising number of natural calamities which are
resulting in depriving its population & industries of water.
Traditionally, thermal desalination has been
one of the most reliable techniques for water purification. Multi-stage flash
distillation can produce purer water to which minerals are added to enhance the
taste of water. The market for multi-stage filtration is expected to grow at an
8.4% CAGR during the forecast period owing to its high purity yield compared to
reverse osmosis.
Reverse osmosis is expected to witness the
fastest growth on account of its lower energy consumption rates. Rising need
for pure water in chemical and food industries is projected to boost the market
for reverse osmosis over the forecast period and is estimated to be worth USD
15.43 billion by 2025.
Seawater contributed to 58.2% of the revenue
share in 2016, making it the largest and the trend is expected to continue over
the projected period. Rapid industrialization and substantial investments
regarding desalination in the Middle East is anticipated to drive the global market
over the next few years.
Companies are investing extensively in
R&D to enhance technology. For instance, in April 2014, GE Corporation
launched an open technology challenge to accelerate the development of
technology to improve the efficiency of seawater desalination.
In addition to this, the companies are
concentrating on new projects. For instance, in November 2014, Suez announced
construction, design and operation of a desalination plant at new Mirfa
Independent Water and Power Project in Abu Dhabi. Furthermore, Veolia has
developed itself in both Multiple Effect Distillation and Reverse Osmosis to
offer energy-efficient hybrid desalination technology to mark its presence in
global market.
Hexa Research has segmented the global water
desalination market based on technology, source and region:
Segmentation
by technology, 2014 - 2025 (USD Billion)
• Reverse Osmosis (RO)
• Multi-Stage Filtration (MSF)
• Multi-Effect Distillation (MED)
Segmentation
by Source 2014 - 2025 (USD Billion)
• Seawater
• Brackish Water
• Wastewater
Segmentation
by region, 2014 - 2025 (USD Billion)
• North America
•
U.S.
• Europe
• Asia Pacific
•
China
•
India
• Central & South America
• Middle East & Africa
•
Saudi Arabia
•
UAE
•
Egypt
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Created on Oct 25th 2017 06:50. Viewed 435 times.