PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279908
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279908
Global Water Desalination Equipment Market is valued approximately USD 15.53 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 9.5% over the forecast period 2023-2030. Water Desalination Equipment is designed to eliminate salts and other minerals from water or soil. Such equipment is commonly used for applications such as drinking water treatment, oil field operations, and process separation. The major driving factors for the Global Water Desalination Equipment Market are growing water scarcity and depletion of freshwater sources and rapid urbanization. Moreover, growing adoption of hybrid desalination technologies and growing government support for the Global Water Desalination Equipment Market is creating lucrative growth opportunity for the market over the forecast period 2023-2030.
According to UNICEF, approximately 785 million people across the world do not have access to safe drinking water, and at least 2 billion people use contaminated water sources. The United Nations has reported a 1% annual increase in global water consumption since the 1980s, and this trend is expected to continue until 2050. The growth is attributed to factors such as rapid population growth, socio-economic development, and evolving consumption patterns. By 2030, nearly 50% of the world's population is projected to face water scarcity. Frozen freshwater resources, such as icecaps, account for the majority (2.5%) of all freshwater resources. Only 1% of freshwater is available directly for human consumption. The depleting freshwater resources and increasing global population have intensified the need for water desalination and consequently, the demand for water desalination equipment. However, the environmental issues pertaining to discharge of dense brine Water Desalination Equipment stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Water Desalination Equipment Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The North American is the dominating market for water desalination equipment this is driven by factors such as the growing demand for fresh water, increasing population, and technological advancements. The US dominates the market due to its large coastline and high dependence on desalinated water in arid regions of California and other states. The Asia Pacific market for water desalination equipment is fastest growing region driven by factors such as the growing population, increasing industrialization, and urbanization. Countries such as China, Saudi Arabia, and the UAE have a significant market share due to their large investments in desalination projects.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Source offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable