Global Desalination Market Analysis
The Global Water Desalination Market share is expected to be almost US$ 36.98 billion by 2032. The CAGR for the market from 2024 to 2032 is 9.61%. Renub Research stated that it amounted to US$ 16.19 billion in 2023.
Communities around the world are increasingly relying on desalination methods to access vital water resources. This process involves purifying wastewater, brackish water, and saltwater, and has become one of the most popular ways to obtain fresh water for agricultural purposes and human consumption. Desalination occurs naturally as part of the water cycle, where rain is formed from the evaporation of seawater, leaving salt behind. While seawater desalination has been used for centuries, particularly on boats and submarines to provide fresh water to crews during long voyages, it wasn't until the Industrial Revolution that large-scale desalination plants became feasible. A study by researchers at the United Nations University's Institute for Water, Environment and Health (UNU-INWE) reveals that approximately 16,000 desalination plants are currently operational worldwide, spanning 177 countries. Collectively, these plants produce about 95 million cubic meters of fresh water per day.
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Global Water Desalination Market Trends
Urbanization is rapidly increasing worldwide: According to the United Nations, the urban population has grown from 0.8 billion (29.6%) in 1950 to 4.4 billion (56.2%) in 2020, and it is projected to reach 6.7 billion (68.4%) by 2050. Many cities around the world are currently facing water scarcity, and it is estimated that one-third to almost half of the world's urban population will be affected by water scarcity by 2050, as per the United Nations World Water Development Report 2023. The demand for domestic and industrial water in urban areas is expected to increase due to population growth, urbanization, and economic development. Therefore, desalination of saltwater is crucial for sustainable freshwater supply. Despite being used for industrial and agricultural purposes, 60% of pure freshwater is utilized for human consumption. Consequently, the global water desalination market is expanding.
The growth of the population is pushing the water desalination market: The global issue of water scarcity is worsening every year, driven primarily by the growth of the population and its associated consequences. According to the United Nations, the world's population is projected to increase by about 2 billion over the next 30 years, reaching 9.7 billion in 2050, with a potential peak of almost 10.4 billion. As the population has grown at historic rates over the past century, the availability of water has remained unchanged or, in many cases, decreased. The United Nations World Water Development Report has warned that nearly 6 billion people will face clean water scarcity by 2050, which accounts for almost half of the world's population. Desalination is being considered as a possible solution to mitigate this issue, and the global water desalination industry is expected to expand as a result of this population growth.
The global water desalination industry is expanding due to advancements in technology: Cutting-edge desalination and water treatment technologies have the potential to enhance water security, establish a circular water economy, and improve climate resilience. One notable innovation in this field is the hybrid desalination system, which combines the advantages of multiple desalination processes. Hybrid systems can significantly improve water recovery rates and overall water quality while consuming less energy and causing less scaling and fouling. Studies have also shown that these systems can be more cost-effective than standalone desalination systems. In September 2023, engineers from China and MIT plan to use a solar-powered, ocean-inspired passive technology to convert saltwater into drinking water. This technology boasts superior rates of salt rejection and water generation compared to other passive solar desalination systems currently being tested. Researchers suggest that it could produce 4 to 6 liters of drinkable water per hour and function for several years before needing replacement parts. As a result of these advancements, the global water desalination market is expanding rapidly.
Saudi Arabia Water Desalination Market
Saudi Arabia is currently dominating the global water desalination market due to its significant investment in this sector. According to the 4th MENA Desalination Projects 2023 Report, the total expenditure on proposed or ongoing regional desalination projects is estimated at $39.3 billion. Among the leading investors in these projects are Saudi Arabia and the United Arab Emirates, with investments of $14.58 billion and $10.28 billion, respectively. Remarkably, in 2019, around 60% of Saudi Arabia's water supply came from desalination, with a majority of the output being provided by the government-owned Saline Water Conversion Corporation (SWCC). In Saudi Arabia, desalination is becoming more sustainable with the use of solar power to cut back on carbon emissions.
Global Water Desalination Industry News
Acciona, Dow, Evoqua Water Technologies, Siemens AG, DuPont, Doosan Enerbility, Toray Industries, Inc., and Xylem are among the leading businesses in the Global Water Desalination Industry.
In April 2023 - The U.S. Department of Energy (DOE) and the National Alliance for Water Innovation (NAWI) awarded funding to a project headed by Assistant Professor Jovan Kamcev. The project is one of 12 that aim to increase the energy efficiency of desalination and water reuse technologies nationwide.
In April 2023 - SUEZ and its Chinese counterparts, Wanhua Chemical Group (Wanhua) and China Railway Shanghai Engineering Bureau Group (CRSH), formally signed a partnership agreement for a seawater desalination scheme for industrial applications as part of President Emmanuel Macron's official visit to China from April 5 to 7.
In May 2023 - Xylem Inc. declared that it had successfully finished the acquisition of Evoqua Water Technologies, a supplier of services and solutions for water and wastewater treatment.
In March 2023 - Marubeni Corporation, in partnership with Transelec Holdings Rentas Limitada, a well-known power transmission firm in Chile, established a desalination and water transmission venture for Corporación Nacional del Cobre de Chile through a specific purpose company.
In February 2023 - Municipal Commissioner and administrator Chahal said the BMC's desalination plant project would be near Manori, and the work order would probably be issued by August. Once the tender is finalized, bids will be requested on an internationally competitive basis.
Technology – Market breakup in 4 viewpoints:
- Reverse Osmosis
- Multi-stage flash (MSF) Distillation
- Multi-effect (MED) distillation
- Others
Application – Market breakup in 3 viewpoints:
- Municipal
- Industrial
- Others
Water Source – Market breakup in 4 viewpoints:
- Seawater
- Brackish Water
- River Water
- Others
Country – Market breakup of 25 Countries:
- North America
1.1 United States
1.2 Canada
- Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Netherlands
2.7 Rest of Europe
- Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Australia
3.6 Rest of Asia Pacific
- Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
4.4 Rest of Latin America
- Middle East Africa
5.1 United Arab Emirates
5.2 Kuwait
5.3 Qatar
5.4 Saudi Arabia
5.5 Rest of Middle East and Africa
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
- Acciona
- Dow
- Evoqua Water Technologies
- Siemens AG
- DuPont
- Doosan Enerbility
- Toray Industries, Inc.
- Xylem
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