Market Research Report
Water Desalination Equipment Market Size, Share & Trends Analysis Report By Technology (Reverse Osmosis (RO), Multi-stage Flash (MSF) Distillation), By Source, By Application, By Region, And Segment Forecasts, 2020 - 2028
|Water Desalination Equipment Market Size, Share & Trends Analysis Report By Technology (Reverse Osmosis (RO), Multi-stage Flash (MSF) Distillation), By Source, By Application, By Region, And Segment Forecasts, 2020 - 2028|
Published: November 1, 2021
Grand View Research, Inc.
Content info: 137 Pages
Delivery time: 2-10 business days
The global water desalination equipment market size is expected to reach USD 22.79 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.1% from 2020 to 2028. Increasing water scarcity, depletion in freshwater reserves, and fast-paced advancements in desalination technologies are anticipated to have a positive impact on the market growth.
Deteriorating environmental factors, such as fluctuating weather patterns, rising pollution, and deforestation, have resulted in water scarcity and drought-like scenarios across the globe. The governments of various countries are investing in the development of desalination facilities to combat this situation, which is expected to drive the market.
The rising adoption of renewable energy to desalinate water is gaining traction in the market as the conventional systems require a considerable amount of energy to function, making them expensive and impracticable for usage in underdeveloped countries. Such developments are expected to drive the demand for water desalination equipment over the forecast period.
Key players such as Veolia and Suez have subsidiary companies that are benefited from the international presence of parent companies. Many companies are also investing in outsourcing R&D facilities in developing economies that can be used to expand their geographical presence and reduce the overall production costs by sourcing raw materials from the regional market.