The Global Water Desalination Market Is Driven By The Increasing Freshwater Scarcity Issues
The growing freshwater scarcity issues across the globe have heightened the need for alternative sources to bridge the demand-supply gap. Desalination refers to the process of removing salt from seawater or brackish water to obtain fresh water suitable for drinking and irrigation purposes. It is one of the most viable options to overcome water scarcity issues. Seawater constitutes over 97% of the world's water resources but remains largely untapped. Desalination technology offers a sustainable solution to desalinate seawater on a large scale and supplement freshwater resources. Various desalination techniques such as reverse osmosis, multistage flash, multi-effect distillation, and electrodialysis are used to desalinate seawater in large coastal plants. Key regions deploying desalination include the Middle East, South Asia, North America, and Australia.
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 growing freshwater scarcity issues across the Global Water Desalination Market Trends for desalinated water. According to the United Nations, over 1.7 billion people currently face severe water scarcity globally and the number is projected to rise to over 2.7 to 3.2 billion people by 2050. Large-scale desalination initiatives are being undertaken to overcome freshwater shortages in countries including Saudi Arabia, UAE, Israel, Spain, Australia, and the US.
Desalination companies are also expanding their global footprint to tap the investment opportunities in new markets. For instance, IDE Technologies has installed over 1,000 desalination plants in over 44 countries. Through partnerships with local players, large desalination providers are venturing into high-growth regions of Africa, Latin America, and South Asia to capitalize on the rising freshwater demand.
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