PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1742686
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1742686
The Reverse Osmosis (RO) Systems Market is expected to grow from US$10.222 billion in 2025 to US$13.134 billion in 2030, at a CAGR of 5.14%.
The market is expected to surge in the coming years due to the increasing prevalence rate of water-borne diseases, growing industrial applications, and the increasing number of manufacturing units, worldwide. Moreover, the rise in urban population and disposable income is also expected to fuel market growth. According to the World Bank, 68% of people are expected to reside in urban areas by the year 2050, up from 55% in the year 2018. The rising investment, worldwide, to develop novel and advanced water treatment infrastructure is also expected to fuel market growth.
According to the report given by the United Nations, the scale of water security investment is expected to surge at an exponential rate, in the coming years. Global estimates have been ranging from US$6.7 trillion, by the year 2030, to around US$22.6 trillion by the year 2050. Furthermore, increasing government participation intending to improve build, and enhance drinking water facilities in rural areas is also expected to drive market growth, in the coming years. Countries, such as India and China, are expected to register significant market growth in the coming years. According to the India Investment Grid, there are around 500 opportunities worth US$102.23 billion to develop and improve water treatment plants in India. The development of smart cities, worldwide, is also expected to play a major role in market growth. In May 2021, The Chinese government announced that six cities had been designated as the first and novel group of pilot cities for the joint development of smart city infrastructure. These trends and developments are expected to play a major role in the market growth.
Reverse Osmosis (RO) Systems Market Growth Driver:
The market is expected to surge in the coming years, due to the rise in water-borne diseases, worldwide. According to the World Health Organization, 785 million lack a basic drinking water service, and around 144 million people have been dependent on surface and groundwater. There are around 2 billion people, worldwide, that have been using and consuming drinking water source, that has been contaminated with feces.
These developments give rise to several water-borne diseases. Contaminated drinking water transmits diseases such as dysentery, cholera, diarrhea, polio, and typhoid. Contaminated drinking water has been estimated to lead to 485,000 diarrheal deaths, annually. The WHO had also stated that typhoid has also been a cause of around 128,000 to 161,000 deaths, annually. Moreover, in the least developed nations, 22% of healthcare facilities have no water service. Governments and private institutions have been spending significant sums of capital to develop novel and advanced water treatment systems. Furthermore, depleting freshwater is also expected to advance the development of a low-cost reverse osmosis desalination system. For instance, MIT's Ocean water team in the WPTO competition had developed a portable, compact, and mechanical wave-powered desalination system that could be used in coastal areas which lack basic water facilities. The device harvests wave energy and powers a land-based reverse osmosis desalination system. In July 2021, the first shipment of reverse osmosis units arrived in Grand Bahama for the development of a novel 3-million-gallon RO plant, by the Grand Bahama Utility Company. The main aim of this project has been to provide clean, cost-effective, and reliable water, and eliminate water-borne infections and diseases.
Some of the Major Companies in the Reverse Osmosis (RO) Systems Market
The Reverse Osmosis (RO) Systems Market is analyzed into the following segments: