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Growing Need for Fresh Water Turning Heads Towards Water Desalination Plants

According to a new market research report published by Acute Market Reports “Water Desalination Market (by Technology: Membrane Desalination (Reverse Osmosis) and Thermal Desalination (Vapor Compression, Multi-effect Desalination, and Multi-stage Flash Desalination); by Source of Water: Seawater, Brackish Water and Wastewater) – Growth, Future Prospects, and Competitive Landscape, 2018-2026”, the water desalination market was valued US$ 16.4  Bn in 2017 and estimated to grow with a CAGR of 9.5% during the forecast period from 2018 to 2026.

Market Insights

The demon of freshwater scarcity is proliferating at an alarming rate and projected to create tremendous tensions across the globe. According to the United Nations Office for the Coordination of Humanitarian Affairs (UN OCHA), approximately 25% of the global population encountered scarcity of fresh water in 2010. In another statement, the Organization for Economic Co-operation and Development (OECD) predicted that almost 47% of the global population expected to face water stress by 2030. In order to encounter this disastrous issue, water desalination is one of the most potent technique to supply potable water. Regions including Middle East, North Africa, and the Caribbean Islands are considerably dependent on water desalination for quenching their thirst for fresh water. Europe and especially Spain has a significant place on the global water desalination map. In addition, several developing countries including China, India and other industrial countries are also turning towards water desalination solutions for fresh water. With more than 15,000 desalination plants and many more to commission soon, the world projected to witness a significant eruption in water desalination market.

The complete report is available at  https://www.acutemarketreports.com/report/water-desalination-market

Earlier, conventional methods such as thermal desalination were high power consuming and less output generating methods. Efficient methods such as membrane desalination proved quite expensive courtesy to inflated prices of membranes. However, introduction of advanced manufacturing techniques and materials aided in significant reduction in the cost of reverse osmosis (RO) membrane helped in reducing expenses and energy required. Use of renewable energy for power is another major step of evolution for water desalination plants. Major players involved in setting up such plants are seriously considering to incorporate aforementioned advancements for better outputs and reduced expenses. With perpetual upgrading technologies and reducing prices, water desalination market projected to reach new heights throughout the forecast period from 2018 to 2026.

Competitive Insights:

Water desalination market offers several prospects for companies to capitalize over these opportunities. This made market scenario fragmented and highly competitive. Besides Middle East, these companies are in a race with each other to commission their plants in different parts of world, especially in Asia Pacific. Most of the desalination companies operating are involved in other operation and by far only 50% of their revenue comes from water treatments. This presents tremendous opportunities for water treatment big shots to extend their R&D and try to acquire new contracts for set-up water desalination plants across globe. Few of the major notable players profiled in this research study include Suez SA, Befesa S.A., Valoriza Agua S.L., Acciona, S.A., Veolia Environnement S.A., Doosan Group, Fisia Italimpianti SpA, Degrémont, Acciona, S.A., Hyflux Ltd, Biwater International Limited, TEDAGUA, Wetico Ltd., Cadagua, Aqualia, and Mitsubishi Corporation among others.

Key Analysis Covered:

• Latest trends in water desalination market and growth prospects for desalination setup companies
• Shortage and perpetually increase demand for fresh water creating a positive impact on water desalination market
• Different techniques used for water desalination, their current market value, growth and market estimation throughout the forecast period 2018 to 2026
• Largest and fastest growing segments in terms of technology and water source
• Most prominent geographical regions/ countries for the water desalination market

The Global Water Desalination Market is Segmented into:

ATTRIBUTE DETAILS
Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Million
Segmentation

 Product Type Segment (2016-2026; US$ Mn)

 Application Segment (2016-2026; US$ Mn)

 Geography Segment (2016–2026; US$ Mn)

*Complete segmentation list is on report page

 

Key questions answered in this report

  • What are the current market trends and dynamics in the water desalination market and valuable opportunities for emerging players?
  • Estimated forecast and market projections up to 2029
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which is the largest regional market for water desalination?
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • The worldwide market value of the water desalination market in 2019 and 2020
  • Which are the key trends driving the global water desalination market growth?
  • Who are the leading service providers in the water desalination market worldwide?

About Acute Market Reports

Acute Market Reports is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives.

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