PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1103030
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1103030
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Global Desalination Technologies Market to Reach $24.6 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Desalination Technologies estimated at US$12.8 Billion in the year 2020, is projected to reach a revised size of US$24.6 Billion by 2027, growing at a CAGR of 9.8% over the analysis period 2020-2027. Reverse Osmosis (RO), one of the segments analyzed in the report, is projected to record a 11% CAGR and reach US$14.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Multi-Stage Flash (MSF) segment is readjusted to a revised 9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 10.9% CAGR
The Desalination Technologies market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.6 Billion by the year 2027 trailing a CAGR of 10.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4% and 7.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3 Billion by the year 2027.
Multi-Effect Distillation (MED) Segment to Record 5.6% CAGR
In the global Multi-Effect Distillation (MED) segment, USA, Canada, Japan, China and Europe will drive the 5.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$439.2 Million in the year 2020 will reach a projected size of US$618.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 5.7% CAGR through the analysis period.
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