Rockville , Aug. 30, 2023 (GLOBE NEWSWIRE) -- As per a new industry analysis by Fact.MR, a market research and competitive intelligence provider, the global desalination technologies market is currently valued at US$ 16.87 billion and is forecasted to increase at a high-value CAGR of 11% from 2023 to 2033.
Desalination technologies are emerging as a critical solution to address water scarcity issues across the globe. Rapidly growing world population, urbanization, and industrialization are increasing the need for freshwater, leading to high adoption of desalination technologies.
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Desalination involves the removal of salt and other impurities from seawater or brackish water to make it suitable for various applications, including drinking, agriculture, and industrial processes. The growing scarcity of water in several developed and developing regions across the globe is leading to high investments in desalination projects by respective governments.
Integration of renewable energy sources such as solar and wind power into desalination processes is gaining traction, resulting in more environmentally friendly and cost-effective solutions. Hybrid desalination systems are gaining popularity due to their efficiency, ability to reduce carbon footprints, and production of high-quality water, making them suitable for various applications.
Many developing regions facing acute water shortages such as the Middle East, North Africa, and some parts of Asia are offering potential growth opportunities for desalination technology providers.
Report Attributes | Details |
| Forecast Period | 2023 – 2033 |
| Value Projection (2033) | US$ 47.9 Billion |
| Growth Rate (2023-2033) | 11 % CAGR |
| No. of Pages | 170 pages |
| No. of Tables | 25 Tables |
| No. of Figures | 132 Figures |
Key Takeaways from Market Study
- The global desalination technologies market is estimated to reach US$ 47.9 billion by 2033.
- Demand for reverse osmosis (RO) desalination technologies is foreseen to rise at a robust CAGR of 12% through 2033.
- Sales of desalination systems in Germany are forecasted to increase at a CAGR of 6% through 2033.
- The market in Japan is predicted to expand at a CAGR of 8% from 2023 to 2033.
- The United States market for desalination technologies was valued at US$ 1.8 billion in 2022.
“Introduction of smart innovations such as IoT-based sensors and AI algorithms are increasing the capability of desalination systems, including operational efficiency, safety, and maintenance”, says a Fact.MR analyst.
Key Segments of Desalination Technologies Industry Research Report
| By Technology | By Application | By Region |
| Reverse Osmosis (RO) | Municipal | North America |
| Multi-Stage Flash (MSF) | Industrial | Latin America |
| Multi-Effect Distillation (MED) | Europe |
Key Companies Profiled in This Report
- DuPont de Nemours, Inc.
- Hitachi Ltd.
- Danfoss A/S
- Evoqua Water Technologies LLC
- Keppel Offshore & Marine Ltd
- Ampac USA
- Aqualyng
- Keppel Seghers Pte Ltd
- Komax Systems Inc.
- Abengoa SA
- Doosan Enerbility Co Ltd
- SUEZ SA
- Acciona SA
- Webuild SpA
- Veolia Environnement SA and more
Winning Strategy
Key providers of desalination technologies are expanding their presence to regions with high water scarcity and demand for desalination solutions. This expansion is allowing them to tap into new markets and increase their revenue shares.
- In March 2023, Marubeni Corporation launched a distinct initiative in collaboration with Transelec Holdings Rentas Limitada, a notable Chilean power transmission company, to establish a specialized entity. This entity is dedicated to delivering desalination and water transmission services to Corporación Nacional del Cobre de Chile.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global desalination technologies market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).
The study divulges essential insights into the market based on technology (reverse osmosis (RO), multi-stage flash (MSF), multi-effect distillation (MED)), application (municipal, industrial), and across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
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About Fact.MR:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we delivers deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empowers businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
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