Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) -- The global water desalination equipment market size was USD 15.56 billion in 2022 and is expected to register a rapid revenue CAGR of 9.8% during the forecast period. In response to the alarming depletion of freshwater resources, coupled with the rapid pace of industrialization and a surging global population, the water desalination equipment market is witnessing robust revenue growth. Desalination machinery, a key player in this market, is gaining traction for its ability to convert brackish water, seawater, and other sources into fresh, potable water. Municipalities worldwide are adopting this technology to address the rising demand for drinking water, spurred by a 30% increase in water demand predicted by the UN's World Water Development Report 2020.
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Source Insights: Seawater Dominates the Market
The seawater segment emerged as the leading revenue contributor in the global water desalination equipment market in 2022. With oceans covering 70% of the Earth's surface and holding 96% of its water, there is a growing need for saltwater desalination to counter the scarcity of drinkable water. The brackish water segment is also poised for steady growth, offering a suitable alternative for municipal, industrial, and agricultural purposes due to its lower salt content.
Technology Insights: Reverse Osmosis Takes the Lead
The Reverse Osmosis (RO) segment is anticipated to dominate the market over the forecast period. Its simple processing, cost-effectiveness, and ability to treat various water types make it a preferred choice. The Multi-stage Flash (MSF) distillation segment follows with a moderate growth rate, driven by increased Gain Output Ratio (GOR), reduced operating expenses, and compatibility with multipurpose power plants.
End-Uses Insights: Municipal Demand Surges
The municipal segment is expected to hold the largest revenue share in the global water desalination equipment market. Rising demand for clean drinking water, exacerbated by contaminated groundwater and surface water supplies, is a significant driver. Additionally, industrial demand for water desalination technology is escalating rapidly, particularly in developing countries undergoing industrialization.
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Regional Insights: Middle East & Africa Leads the Charge
The Middle East & Africa secured the largest revenue share in 2022, with governments investing heavily in desalination technologies. The Asia Pacific market closely follows, driven by population growth and rapid urbanization in countries like China and India. North America is also making strides in the market, fueled by concerns about water scarcity, pollution, and changing climatic conditions.
Scope of Research
| Report Details | Outcome |
| Market Size in 2022 | USD 15.56 Billion |
| CAGR (2023–2032) | 9.8% |
| Revenue Forecast To 2032 | USD 39.44 Billion |
| Base Year For Estimation | 2022 |
| Historical Data | 2019–2021 |
| Forecast Period | 2023–2032 |
| Quantitative Units | Revenue in USD Million and CAGR in % from 2023 to 2032 |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments Covered | Source, technology, and region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Country Scope | U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, and Rest of Middle East & Africa |
| Key Companies Profiled | ACCIONA, Biwater Holdings Limited., Kovalus Separation Solutions, IDE, Pure Aqua, Inc., Veolia, Rite Water, Watson's Water, Doosan Enerbility, Labmatrix Manufacturing LLP, PepsiCo, Inc., Thermo Fisher Scientific Inc., Jackel Porter Co. Ltd., and GEROLSTEINER BRUNNEN GMBH & CO. KG |
| Customization Scope | 10 hours of free customization and expert consultation |
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Major Companies and Competitive Landscape
The global water desalination equipment market is consolidated, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective water desalination equipment products in the market. Some of the major companies included in the global water desalination equipment market report are:
- ACCIONA
- Biwater Holdings Limited.
- Kovalus Separation Solutions
- IDE
- Pure Aqua, Inc.
- Veolia
- Rite Water
- Watson's Water
- Doosan Enerbility
- Labmatrix Manufacturing LLP
- PepsiCo, Inc.
- Thermo Fisher Scientific Inc.
- Jackel Porter Co., Ltd.
- GEROLSTEINER BRUNNEN GMBH & CO. KG
Strategic Development
- In January 2021, SUEZ announced the conclusion of its purchase of the Reverse Osmosis (RO) membrane goods line from LANXESS, a major specialty chemical firm. The addition of RO membranes to SUEZ's current product line will expand and complement the company's market reach in the industrial water market and further solidify SUEZ's basis for growth in related industries.
- In May 2019, GE Power announced that the company's latest RO membrane component would be accessible, which is expected to give water desalination employees more productivity and higher efficiency.
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Emergen Research has segmented the global water desalination equipment market on the basis of source, technology, end-uses, and region:
- Source Outlook (Revenue, USD Billion; 2019-2032)
-
- Sea Water
- Brackish Water
- River Water
- Technology Outlook (Revenue, USD Billion; 2019-2032)
-
- Reverse Osmosis
- Multi-Stage Flash (MSF) Distillation
- Multi-Effect (MED) Distillation
- Others
- End-use Outlook (Revenue, USD Billion; 2019-2032)
-
- Municipal
- Industrial
- Others
- Regional Outlook (Revenue, USD Billion; 2019–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
- North America
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