Water Desalination Equipment Market: Multi-Stage Flash (MSF) Distillation Technology Segment Is Likely To Expand At A CAGR Of 7.0%
Water Desalination Equipment Industry Overview
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.
Water Desalination Equipment Market Segmentation
Grand View Research has segmented the global water desalination equipment market on the basis of source, technology, application, and region:
Based on the Source Insights, the market is segmented into Seawater, Brackish Water, River Water, and Others.
- The seawater segment led the market and accounted for over 55.0% share of the global revenue in 2020. The increasing scarcity of potable water is projected to act as the major factor for boosting the demand for seawater desalination.
- The brackish water segment is estimated to expand at a CAGR of 7.2% over the forecast period. The demand for brackish water desalination equipment is expected to be the highest in North America, South America, and Asia Pacific due to the presence of rich sources of brackish water that can be used for producing freshwater.
Based on the Technology Insights, the market is segmented into Reverse Osmosis (RO), Multi-stage Flash (MSF) Distillation, Multi-effect Distillation (MED), and Others.
- The reverse osmosis led the market and accounted for more than 55.0% share of the global revenue in 2020. This is attributed to its properties such as easy processing, low installation cost, the ability to treat different types of feed water, and minimal use of chemicals. The market growth is largely supported by the increasing need for desalination plants in water-scarce regions globally.
- The Multi-stage Flash (MSF) distillation technology segment is likely to expand at a CAGR of 7.0% over the forecast period. High gain output ratio (GOR), flexibility to work with power generation plants, operation ease, and lower operating and maintenance costs are projected to boost technology acceptance in desalination applications, consequently driving the market.
Based on the Application Insights, the market is segmented into Municipal, Industrial, and Others.
- The municipal segment led the market and accounted for over 50.0% share of the global revenue in 2020. The municipal sector is responsible for providing potable water to the urban population around the world. The growing urban population, coupled with the expanding megacities globally, is anticipated to constrain the capacity of the municipal sector to provide water. Thus, this is expected to emerge as a key sector responsible for the growth of the market.
The growing investments in R&D operations in the desalination sector have resulted in the use of waste generated by power plants and refineries to power desalination facilities. The use of desalination plants using renewable energy, such as solar and wind, is expected to reduce total plant running costs and boost the market growth.
Water Desalination Equipment Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Key Companies Profile & Market Share Insights
The market consists of several major as well as regional players that are engaged in the designing, manufacturing, and commissioning of water desalination equipment. These companies offer end-to-end services, which include design, construction, start-up, plant operation, and maintenance of desalination facilities.
Water desalination equipment manufacturers adopt several strategies including acquisitions, collaborations, new product development, and geographical expansion to enhance their market penetration and meet the changing technological demand from various end-use industries, such as municipal and industrial. Some prominent players in the global water desalination equipment market include:
- Acciona S.A.
- Doosan Heavy Industries & Construction
- Veolia
- SUEZ
- IDE Technologies
- Xylem
- Aquatech International LLC
- Biwater Holdings Limited
- Genesis Water Technologies
- Guangzhou KangYang Seawater Desalination Equipment Co., Ltd. (KYSEARO)
Order a free sample PDF of the Water Desalination Equipment Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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