Industry Outlook

Scarcity of potable water left human race with limited alternatives including water recycling and seawater desalination that allowed the global water desalination market to register market value of US$ 16.4 Bn in 2017. The market expected to reach US$ 37.6 Bn in 2026 with a growth rate of 9.5%, an eye-opening number of several industrial giants planning to venture into water desalination. The market is quite mature in the region of Middle East, Africa, Southern Europe and some part of the Caribbean Islands. However, the market has huge potential in developing and highly populated regions of Asia Pacific and continuously developing countries of Latin America. More than 1,700 desalination plants are producing fresh water each day and more desalination plants are waiting to get commissioned. Reducing resources of fresh water, adverse environment changes and growing population all constitute together as catalyst for the water desalination market growth throughout and beyond forecast period from 2018 to 2026.

"Reverse Osmosis Technology to Filter Out Fresh Water In Future years"

Thermal desalination techniques such as vapor compression, multi-effect desalination or multi-stage flash desalination dominated the earlier part of water desalination market. Membrane filtration involved considerable membrane cost and the overall process was not affordable. From past few years, significant development in manufacturing techniques and introduction of advanced material helped in reducing the cost of RO membranes. Owing to this RO technology made a massive comeback in overall water desalination market. The technology projected to remain dominant in coming years as this is more efficient and requires less energy compared to thermal desalination methods. Thermal desalination methods expected to get some leverage by introduction of renewable energy. However, the technologies will lose its share to reverse osmosis making RO lucrative segment to invest in future.

"Oceans to the Rescue as Chief Source for Water Desalination"

Water desalination plants use multiple sources for water processes depending on the availability. Very few countries are blessed with ample fresh water sources such as Canada. However, most of the countries have vast coastlines having direct access to seawater. This helped seawater segment to lead the segment with overall market share of more than 70% and projected to lead further in coming years. Continuous development in desalination techniques and over-consumption of fresh water projected to help brackish water and wastewater to regain some lost market share. As an inexpensive source, almost endless availability and easy accessibility projected to keep seawater on top of the podium as prime source for desalination.

"High Presence of Desalination Plants helped Middle East Emerge as Global Leader"

Presence of countries such as Saudi Arabia, United Arab Emirates and Kuwait among others depends heavily on seawater desalination to quench their thirst for fresh water. Middle East Asia leads and directs the global desalination market with almost 55% of the global water desalination plants present in this region. The combined desalination capacity of all above three countries crosses 20 Mn m3 of water per day which is almost double the global capacity. Spain in Europe region holds the majority of share and is the fourth largest country in terms of desalination capacity. Europe is home to several leading desalination companies and offers prospects for the market to grow. However, Asia Pacific is predicted to be the fastest growing region on account of notable economic development and high population. China and India projected to double their desalination capacity in next five years offering tremendous growth opportunities for the companies to mark their presence in Asia Pacific. Australia is another country to watch out with desalination capacity of more than 1.8 Mn m3 of water per day and growing. Similarly, Latin America and Africa continent pose great growth potential for global desalination market in coming years.

"Companies Making their Way from Intense Competition towards Prospects"  

Remarkable opportunities are waiting for water desalination plant companies across the globe. However, these companies have to go through a stiff competition to bag such opportunities. The market is characterized by a number of companies pioneers in setting-up renewable energy and water treatment plants. Several companies hail from Europe and have successful background of setting plants in Middle East Asia. These companies are further in search of new prospects as several countries are willing to set-up water desalination plants for fresh water. Few of the heavyweights in water desalination market covered in this research study includes 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.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Water Desalination market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Water Desalination market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Water Desalination market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Water Desalination market?
• Which is the largest regional market for Water Desalination market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Water Desalination market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Water Desalination market worldwide?