May 18, 2024
Global Water Desalination Market

Global Water Desalination Market Is Estimated To Witness High Growth Owing To Increasing Fresh Water Demand

The Global Water Desalination Market involves the removal of salt and other minerals from seawater or brackish water to make it suitable for human consumption or irrigation. Water desalination provides a reliable source of fresh water and helps address the problem of scarcity of potable water in many regions. The need for desalinated water is growing due to population growth, urbanization, industrialization, and irregular rainfall patterns due to climate change. Water desalination plants can produce millions of liters of drinking water per day and supply both potable and non-potable water for several applications across different industries.

The Global Water Desalination Market is estimated to be valued at US$ 31.32 Bn in 2024 and is expected to exhibit a CAGR of 8.7% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Global Water Desalination Market are Acciona, Biwater Holdings Limited, Aquatech International LLC, IDE Technologies, Veolia Water Technologies, Doosan Heavy Industries & Construction, Genesis Water Technologies, SUEZ Group, Aqua Filsep Inc., Hatenboer-water, Triveni Engineering & Industries Ltd., Webuild Group, Barka Desalination Company, Fluence Corporation Limited, and Marine Water Production AS.

The key opportunities in the Global Water Desalination Market Trends include increasing need for potable water, expansion of seawater desalination capacity in the Middle East, public-private partnerships for large desalination plants, and growing demand for industrial process water from sectors like oil & gas and power generation. Countries in Asia Pacific, the Middle East, and North America are also exploring investment opportunities for water desalination projects to ensure water security.

With global population projected to reach nearly 10 billion by 2050, desalination is expected to play a major role to address the growing freshwater needs worldwide. Leading companies are expanding their geographical footprint to capitalize on the rising demand. For instance, Doosan Heavy Industries entered the Middle East market by acquiring a desalination project in Dubai. SUEZ is focusing on water treatments and recycling solutions to drive international expansion.

Market Drivers

The key driver for the Global Water Desalination Market is the increasing demand for fresh water around the world. Rapid urbanization, rising population, industrial growth, and the effects of climate change like changing rainfall patterns are straining existing fresh water resources in many parts. This has boosted the need for alternative sources of potable water through desalination of seawater and brackish water. Countries in the Middle East, South Asia, China, Australia, and the US are heavily dependent on desalination plants. The oil & gas sector also uses significant amounts of desalinated water for various processes and operations. With global freshwater demand projected to outpace sustainable supplies in the coming decades, water desalination is poised to play a crucial role in tackling the world’s water crisis.

PEST Analysis

Political: Governments in many countries are supporting water desalination projects by providing subsidies and incentives to private players. This is being done to tackle freshwater scarcity issues.
Economic: The rising industrial demand for freshwater and growing population is driving the need for desalination. Countries are investing heavily in desalination plants to ensure water security.
Social: Access to safe drinking water is a major social issue in many parts of the world. Desalination can help meet the rising social demand for freshwater.
Technological: Membrane technology has advanced significantly making desalination more efficient and cost-effective. New energy recovery devices further aid in reducing desalination costs.

The Middle East and North Africa region accounts for over 70% of the global desalination market value. Countries in this region have arid climates and desalination has emerged as a critical solution for freshwater needs. Saudi Arabia alone accounts for 25-30% of the global desalination capacity.

The Asia Pacific region is expected to be the fastest growing regional market during the forecast period. Increased governmental focus on developing desalination infrastructure in countries such as India and China is driving growth. Rapid industrialization and rising population has compelled these nations to invest in innovative water management solutions including desalination.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.