Wilmington, Delaware, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Fresh Water Generator Market by Type (Plate Generator, Tubular Generator and RO generator), and Application (Vessel and Platforms): Global Opportunity Analysis and Industry Forecast, 2024-2032". According to the report, the fresh water generator market was valued at $203.4 million in 2023, and is estimated to reach $363.8 million by 2032, growing at a CAGR of 6.7% from 2024 to 2032.
Prime determinants of growth
The fresh water generator market is propelled by increasing global water scarcity and the need for sustainable water management solutions which drive demand for efficient desalination technologies like Fresh Water Generators. The expansion of maritime trade activities and offshore industries, including oil and gas exploration and renewable energy projects, necessitates reliable freshwater supply onboard vessels and platforms. Technological advancements play a crucial role, with continuous innovations enhancing energy efficiency and reducing operating costs, making these systems more attractive to industries worldwide.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2024–2032 |
| Base Year | 2023 |
| Market Size in 2023 | $203.4 million |
| Market Size in 2032 | $363.8 million |
| CAGR | 6.7% |
| No. of Pages in Report | 220 |
| Segments Covered | Type, Application, and Region. |
| Drivers |
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| Opportunities |
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| Restraint |
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The RO (Reverse Osmosis) generator segment is expected to exhibit fastest growth throughout the forecast period
By type, the portable CO alarms segment is anticipated to experience faster growth in the Fresh Water Generator machines market, due to its superior energy efficiency, technological advancements in membrane technology, and cost-effectiveness. RO systems require less energy compared to traditional distillation methods like plate and tubular generators, making them attractive for industries seeking sustainable solutions. Advances in membranes enhance performance and reliability, expanding RO's application in diverse sectors such as maritime, offshore oil and gas, and municipal water treatment.
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The vessels segment is expected to grow faster throughout the forecast period
By application, the residential sector segment is anticipated to experience faster growth in the fresh water generator market. This growth is driven by increasing maritime trade activities, expansion of cruise tourism, and stricter regulations regarding freshwater availability onboard ships. Vessels require reliable and efficient freshwater generators to meet the needs of crew and passengers during extended voyages. In addition, advancements in desalination technologies, such as compact RO systems and hybrid solutions, are making these systems more attractive and feasible for installation on various types of vessels, further fueling the market growth in this segment.
Asia-Pacific is expected to grow faster throughout the forecast period.
By region, Asia-Pacific accounted for the highest market share in 2023. Rapid industrialization, urbanization, and population growth in countries like China, India, and Southeast Asian nations are increasing the demand for freshwater solutions. The region's expanding maritime trade and offshore oil and gas industries further drive this demand. Additionally, government initiatives promoting water conservation and sustainable development are accelerating investments in desalination technologies, positioning Asia-Pacific as a key growth area for fresh water generators.
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Players: -
- Alfa Laval AB
- Wärtsilä Corporation
- Parker-Hannifin Corporation
- Veolia Environnement S.A.
- Danfoss A/S
- GE Water & Process Technologies
- Evoqua Water Technologies LLC
- Hitachi Zosen Corporation
- Doosan Heavy Industries & Construction Co., Ltd.
- Suez Water Technologies & Solutions
The report provides a detailed analysis of these key players in the global fresh water generator machines market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." Allied Market Research has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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