PUBLISHER: The Business Research Company | PRODUCT CODE: 1543841
PUBLISHER: The Business Research Company | PRODUCT CODE: 1543841
Marine Water Desalination Global Market Opportunities And Strategies To 2033
Marine water desalination refers to the process of removing salt and minerals from seawater to produce fresh water suitable for various applications such as ships' crew and for operational needs. This technology is particularly vital in regions where fresh water is scarce, but seawater is abundant, such as coastal areas. Marine desalination systems are used by a variety of vessels, including navy ships, passenger ships, yachts and merchant ships, to ensure a reliable supply of fresh water during their voyages.
The marine water desalination market consists of sales, by entities (organizations, sole traders and partnerships), of desalination services and solutions. These services are critical for providing access to clean water, ensuring compliance with water quality standards and supporting water scarcity solutions in arid and semi-arid regions.
The global marine water desalination market was valued at $6,359.47 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 8.00%.
Increasing Industrialization Across Various Sectors
Increasing industrialization across various sectors drove the growth of the marine water desalination market during the historic period. Many industries are located near coastal areas for logistical advantages like shipping and global market access. Coastal sites also prove advantageous for seawater desalination plants, offering proximity to seawater as a raw material and facilitating straightforward brine discharge into the ocean. For instance, in October 2023, according to reports published by the National Bureau of Statistics (NBS) of China, the country's industrial output increased 4.6% year over year in October, exceeding forecasts of a 4.4% increase. This growth was faster than the 4.5% rate observed in September. Additionally, in July 2023, according to data released by the Ministry of Statistics and Program Implementation, India's industrial production index increased by 5.2% in May 2023 compared to 4.2% in April 2023. The manufacturing sector, which accounts for almost three-quarters of industrial production growth (IIP), expanded by 5.7% in May 2023 compared to 4.9% in April 2023, according to data from the National Statistical Office (NSO). Therefore, increasing industrialization across various sectors supported the growth of the marine water desalination market.
Innovative Solar-Powered Desalination Technologies To Revolutionize Freshwater Production
Major companies operating in the marine water desalination market are developing innovative technologies, such as solar-powered desalination systems, to produce freshwater from seawater at a lower cost than tap water. Solar-powered desalination systems are innovative technologies that utilize solar energy to convert seawater into potable water. For instance, in September 2023, the engineers of the Massachusetts Institute of Technology (MIT) Corporation, a US-based private land-grant research university, launched a solar-powered desalination device, a completely passive solar-powered desalination system that uses multiple layers of flat solar evaporators and condensers lined up in a vertical array and topped with transparent aerogel insulation. This system avoids salt-clogging issues by using natural convection to drive the desalination process, which prevents salt accumulation and allows for high-performance and reliable operation, even under extreme conditions. These innovations in solar desalination technology have the potential to address water scarcity in developing countries and provide a more sustainable and cost-effective solution for producing freshwater.
The global marine water desalination market is highly concentrated, with a few large players operating in the market. The top ten competitors in the market made up 63.33% of the total market in 2023.
Marine Water Desalination Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global marine water desalination market as it emerges from the COVID-19 shut down.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
The report covers the following chapters
Markets Covered:
Table of Contents
1 Executive Summary
- 1.1 Marine Water Desalination - Market Attractiveness And Macro economic Landscape
2 Table Of Contents
3 List Of Tables
4 List Of Figures
5 Report Structure
6 Market Characteristics
- 6.1 General Market Definition
- 6.2 Summary
- 6.3 Marine Water Desalination Market Definition And Segmentations
- 6.4 Market Segmentation By Type
7 Major Market Trends
8 Marine Water Desalination Market - Macro-Economic Scenario
9 Global Market Size And Growth
10 Global Marine Water Desalination Market Segmentation
11 Marine Water Desalination Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape And Company Profiles
20 Other Major And Innovative Companies
21 Competitive Benchmarking
22 Competitive Dashboard
23 Key Mergers And Acquisitions
24 Opportunities And Strategies
25 Marine Water Desalination Market, Conclusions And Recommendations
26 Appendix
