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Market Research Report
Product code
1037086
Water Desalination Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 |
Water Desalination Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 |
Published: November 10, 2021
IMARC Services Private Limited
Content info: 143 Pages
Delivery time: 2-3 business days
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The global water desalination equipment market grew at a CAGR of around 8% during 2015-2020. Water desalination equipment refers to the industrial devices used for the purification of seawater and brackish water. They separate dissolved salts and minerals from various water sources, such as oceans, rivers, wells, streams, wastewater and industrial feed, and convert them to potable and freshwater. It utilizes various techniques, such as reverse osmosis (RO), nanofiltration (NF), electrodialysis (ED) and ED reversal (EDR). The separation processes use pressure and electrical force to pass water through the membrane and provide high-quality consumable water. As a result, the equipment finds extensive applications across various industries, including oil and gas, municipality, agriculture, chemical and mining industries.
Rapid industrialization, along with the increasing requirement for effective wastewater management systems across the globe, represents one of the key factors driving the growth of the market. Furthermore, the depleting levels of freshwater reserves is also driving the market growth. With the rising global population and deteriorating environmental conditions, such as the increasing occurrence of drought, altered weather patterns and deforestation, governments of various developing economies are increasingly investing in the development of water desalination plants. Additionally, various technological advancements, such as the development of hybrid desalination process equipment and multi-stage (MSF) distillation technology, are acting as other major growth-inducing factors. In comparison to the traditionally used technologies, MSF offers a high Gain Output Ratio (GOR), ease of operation, minimal maintenance costs and compatibility with dual-purpose power generation plants. Other factors, including extensive infrastructural developments, along with the increasing adoption of compact water purification and desalination equipment by the residential and commercial sectors, are anticipated to drive the market further. Looking forward, IMARC Group expects the global water desalination equipment market to continue its moderate growth during the next five years.