Pune, 22, Nov 2022: As per the new industry analysis by Maximize Market Research, a market research and competitive intelligence provider, the global Water Desalination Equipment Market is expected to grow from USD 30.46 billion in 2021 to USD 59.51 billion in 2029, at a CAGR of 8.73 percent for the forecast period from 2022 to 2029.
Water Desalination Equipment Market Scope and Methodology
The water desalination equipment market research report covers product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, and industry overview. The report discusses the global market’s drivers, opportunities, and restraints during the forecast period. The more precise study also contains the primary market and consumer application sectors, significant regions and consumption, major producers, distributors, raw material suppliers, equipment providers, and their contact information, as well as an industry chain relationship analysis. This report’s study also contains product specifications, manufacturing processes, cost structure, and data information organized by area, technology, and application. The report covers the innermost levels of the market, market estimates, and forecasts, which helps build a greater market-specific view of size, shape, and industry trends within each industry segment. Various industry trends and real-time developments are factored into identifying key growth factors and the future course of the market.
The water desalination equipment market is segmented by product type, application, and temperature for segment-wise analysis of the market. The research process encompasses the most infallible research methodology for its market intelligence and industry analysis. The research process is designed to deliver a balanced view of the global markets and allows stakeholders to make informed decisions, to attain their highest growth objectives. MMR offers its clients extensive research and analysis, based on a wide variety of factual inputs, which largely include interviews with industry players, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models distil the data & statistics and enhance the accuracy of our recommendations and advice.
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Water Desalination Equipment Market Overview
Equipment for water desalination is used to remove minerals and salts from soils or water, typically for uses including process separation, oil fields, and drinking water. Desalination equipment uses three basic technologies. Using thermal desalination techniques, water is converted into a solid or vapor, the new phase is physically separated from the remaining salt solution, and the separated water is then converted back into a liquid. Parts move in reaction to an external gradient, such as a membrane, in separation desalination systems, physically separating them as they move. The water desalination equipment market is driven by chemical processes, which are utilized in chemical desalination systems but are frequently supplemented with membranes or distillation.
Water Desalination Equipment Market Dynamics
Lower operating expenses are achieved by the hybrid desalination technique’s improved water desalination. Many plants benefit from hybrid desalination systems since they use two different methods, which increases productivity. Hybrid desalination systems provide considerable scale economies, which lower operating and capital costs in the water desalination equipment market.
In order to lower production and maintenance costs, hybrid water desalination techniques are being developed, making hybrid technology both affordable and incredibly effective. Hybrid technology can help the water desalination sector expand in the near future. The need for water desalination technology in the water desalination equipment market is expected to grow as a result of the expanding global population, accelerated urbanization, rapid industrialization, and depletion of freshwater resources, increasing water scarcity, and water pollution.
However, high operational cost is estimated to restrain the growth of the Water Desalination Equipment Market. Daily operations in the cold chain logistics industry require large electricity consumption. Thus, cold chain service providers find it difficult to minimize their operational costs due to an increase in the consumed energy costs. Moreover, high energy and real estate costs are likely to make the setting and operating process challenging.
Environmentally sensitive regions may be impacted by the building of water intake infrastructure and the network of pipelines that transport feed water to desalination plants. It has been shown that the desalination process’ release of concentrated brine stream into the environment has an effect on the fauna and plants on land and at sea. Extreme environmental deterioration is a serious issue that prevents commercial growth. The influence of the maritime environment’s quest for water sources is another element limiting the growth of the water desalination equipment market.
Water Desalination Equipment Market Regional Insights
Asia Pacific region held 45% of the market in 2021. In the Asia-Pacific region, desalination systems market is expected to grow at the quickest rate. Due to the area’s growing population and rapid urbanization, desalination systems are increasingly in demand. Desalination systems are in high demand in nations like China and India because of the growing demand for water from the agricultural and industrial sectors. The water desalination equipment market is thus anticipated to grow in the Asia-Pacific region as a result of this.
India has a significant water shortage, especially for drinking water, as the country’s present surface and groundwater supplies are becoming more depleted. Considering the country’s present surface and groundwater resources are becoming more depleted. The begin by noting more water on average each year. The water desalination equipment market is expected to be driven by the overall water demand, which is expected to reach 843 BCM in 2025 and 1,180 BCM in 2050, respectively.
According to the National Development and Reform Commission, China has constructed 123 seawater desalination plants with a desalination capacity of 1.6 million cubic meters per day (NDRC). The Chinese government has pledged to invest in new desalination plants between 2021 and 2025 and increase capacity to 2.9 million tons per day in an effort to enhance water supplies.
Water Desalination Equipment Market Segmentation
By Product Type
- Reverse Osmosis
- Multi-Stage Flash (MSF) Distillation
- Multi-Effect Distillation (MED)
- Brackish water
- River water
Water Desalination Equipment Market Key Competitors
- Acciona, S.A
- IDE Technologies
- Ferrovial, S.A
- Doosan Heavy Industries and Construction
- Biwater Holdings Ltd.
- Genesis Water Technologies
- Aquatec International LLC.
- IVRCL Ltd.
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Key questions answered in the Water Desalination Equipment Market are:
- How big is the water desalination industry?
- What equipment is needed for desalination?
- What country is the largest market for desalination?
- Is water desalination a good investment?
- What equipment is needed for desalination?
- Who are the market leaders in the water desalination equipment market Cold Chain Logistics in Asia Pacific?
- Who are the market leaders in the water desalination equipment market in Japan and China?
- Who are the market leaders in the water desalination equipment market in India, China, Japan, and South Korea?
- What are the factors affecting growth in the Water Desalination Equipment?
- Who held the largest market share in Water Desalination Equipment Market?
- What are the factors for the growth of the Asia-Pacific region in the Water Desalination Equipment?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Segment and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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