by 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 purposes. Water desalination helps produce clean drinking water from highly saline sources that are not suitable for direct consumption. Some key advantages of desalination include provision of a reliable source of potable water irrespective of weather conditions and increased water supply security. The process produces clean, safe, freshwater by separating salts and minerals from seawater or brackish water through reverse osmosis, multi-stage flash distillation, multiple-effect distillation or electrodialysis reversal.
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. Key players are focusing on developing energy efficient desalination technologies to reduce operational costs.
The growing demand for freshwater from industrial, agricultural and municipal applications is driving the Global Water Desalination Market Trends urbanization and growing population have increased the pressure on existing water resources. Water desalination helps address long term water shortage issues by offering a stable source of potable water.
The Global Water Desalination Market is expanding globally due to growing desalination capacity additions across Middle Eastern and Asian countries facing severe water scarcity. Governments are making significant investments in large desalination plants to secure freshwater supply. Countries such as Saudi Arabia, China, India, Egypt and United Arab Emirates have emerged as major markets.
Market Key Trends
One of the key trends in the Global Water Desalination Market is increasing focus on energy efficient technologies and renewable energy integration. Given the high energy consumption in desalination, reducing energy footprint is crucial to lower operational costs and boost sustainability. Membrane distillation and solar thermal driven hybrid desalination systems are being increasingly adopted to improve energy efficiency. Adoption of renewable energy sources such solar and wind combined with desalination can additionally reduce carbon footprint.
Porter’s Analysis
Threat of new entrants: High capital requirements and economies of scale create barriers for new companies to enter the market.
Bargaining power of buyers: Buyers have moderate bargaining power as there are many established players in the market.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of substitute resources.
Threat of new substitutes: Threat of substitutes is low as desalinated water fulfills critical needs that alternatives cannot replace.
Competitive rivalry: Intense competition exists between existing players to gain market share and compete on ability to produce water at lower costs.
Geographical Regions
The Middle East and North Africa regions account for over 50% of the global desalination market value due to scarcity of water. Countries such as Saudi Arabia, United Arab Emirates, Qatar and Kuwait rely heavily on desalination to fulfill their freshwater needs.
Europe is the fastest growing regional market for water desalination. Countries like Spain, Greece and Italy are installing large capacity desalination plants to cope with increasing water demand and reducing availability from conventional sources.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.
