Global $36.5 Billion Water Desalination Market Outlook, 2029: Decentralized Solutions, Adoption of Renewable Energy in Desalination, Rising Government Initiatives and Investments

Dublin, May 03, 2024 (GLOBE NEWSWIRE) -- The "Global Water Desalination Market Outlook, 2029" report has been added to ResearchAndMarkets.com's offering.

Global Water Desalination market is anticipated to cross USD 36.50 Billion by 2029, increasing from USD 21.50 Billion in 2023. The market is expected to grow with 9.43% CAGR by 2024-29.

Water scarcity is a developing global concern, fueled by population expansion, urbanization, and climate change. As traditional freshwater supplies diminish, the significance of alternative water supply alternatives becomes clearer. One such approach is desalination, which converts seawater or brackish water into fresh, potable water. The worldwide water desalination industry has emerged as a critical actor in addressing the pressing issue of water shortages, offering a potential path forward for sustainable water resource management. The global water desalination industry has grown significantly in recent years, driven by increased demand for freshwater in dry and water-stressed countries.



With developments in desalination technologies, the market has extended beyond its traditional strongholds in the Middle East, where desalination facilities have long been a staple in addressing water scarcity. Regions such as North America, Asia-Pacific, and Europe are increasingly embracing desalination as a viable solution to augment their water supply.

Technological advances have played an important role in developing the water desalination business. Reverse osmosis (RO) and multi-stage flash distillation (MSF) have long been the primary desalination methods. However, there is a rising emphasis on designing solutions that are both energy-efficient and environmentally benign.

Forward osmosis, membrane distillation, and solar desalination are among the new technologies that have the potential to transform the sector. Governments all around the world are recognizing the value of desalination in ensuring water supply for their citizens. Significant expenditures are being made in research and development to improve and reduce the cost of desalination technology. Public-private partnerships play an important role in promoting innovation and extending desalination infrastructure.

Traditional desalination hubs, such as those in the Middle East, have long relied on these technologies to supply their water requirements. However, in recent years, there has been a noticeable shift, with regions such as North America, Asia-Pacific, and Europe recognizing the potential of desalination to supplement their water supply. Desalination is becoming increasingly important to governments around the world in terms of safeguarding water resources for their citizens.

Substantial expenditures in research and development are being made to improve desalination methods, reduce costs, and stimulate innovation. Public-private partnerships play an important role in increasing desalination infrastructure and managing industry difficulties. The geopolitical factor further complicates the worldwide water desalination industry. Access to freshwater resources can be a strategic asset in areas where water shortages are a major concern. Desalination plants frequently become key components of national water security programs.

This geopolitical aspect is visible in the Middle East, where nations have made significant investments in desalination to assure a stable and independent water supply. Another intriguing aspect is the role of innovation in making desalination more sustainable and affordable. Research and development activities are not only aimed at upgrading existing technologies but also at creating decentralized and modular desalination solutions. These developments aim to provide cost-effective and scalable choices for both large urban centers and distant, water-scarce locations, thereby contributing to more inclusive and resilient water infrastructure.

Market Drivers

• Rising global water scarcity: The rising issue of global water scarcity is one of the major reasons propelling the global water desalination market forward. As the world's population grows, urbanizes, and the consequences of climate change worsen, traditional freshwater sources are under growing strain. Arid regions, such as the Middle East, have long struggled with water scarcity, necessitating a reliance on desalination technology. However, the problem is no longer limited to these locations, and governments all over the world are looking to desalination as a critical solution to supplement their water supplies. The compelling demand for a sustainable and reliable freshwater source in the face of increasing water shortages is driving the global water desalination industry.
• Government initiatives and investments: Government assistance and initiatives play an important role in developing the worldwide water desalination industry. Governments around the world are spending heavily on desalination projects, recognizing the necessity of ensuring water supply for their citizens. These expenditures frequently take the form of research and development funds, subsidies, and the building of favorable regulatory frameworks. Public-private partnerships are also becoming more widespread, encouraging collaboration between governments and commercial groups to speed up the adoption of desalination technologies. Government commitment and financial backing are essential market drivers, giving the industry the impetus to expand and fulfill the rising need for fresh water.

Market Challenges

• High capital costs: One of the most significant issues confronting the worldwide water desalination business is the large upfront investment necessary to develop desalination plants. The capital-intensive nature of these projects frequently serves as a substantial barrier, discouraging both public and private companies from entering the market. The sophisticated infrastructure, specialized technologies, and huge facilities required for efficient desalination add to the high expenses. This financial challenge necessitates novel financing structures, public-private collaborations, and government incentives to make desalination projects economically viable and long-term sustainable.
• Energy consumption: The energy-intensive nature of classic desalination techniques, particularly reverse osmosis (RO), presents a significant challenge to the business. High energy consumption not only raises operational expenses but also raises environmental issues, given that the vast bulk of the world's energy comes from non-renewable sources. Striking a balance between the demands for freshwater production and reducing the carbon footprint of desalination facilities is critical. In order to address this essential concern, ongoing research and development efforts are being directed at developing energy-efficient technology, investigating renewable energy sources, and deploying enhanced energy recovery systems.

Market Trends

• Increasing adoption of renewable energy in desalination: A significant market trend in the worldwide water desalination sector is the increased emphasis on incorporating renewable energy sources into desalination processes. Desalination plants, which are typically energy-intensive, have come under fire for their environmental impact. However, there is a shift toward sustainability as solar, wind, and other renewable energy sources are used to power desalination plants. This approach not only tackles environmental concerns about traditional energy sources but also offers desalination as a more environmentally friendly and energy-efficient solution to water scarcity.
• Decentralized desalination solutions: A noteworthy industry trend is the shift toward decentralized desalination technologies. Historically, large-scale desalination plants served urban areas and regions with high water demand. However, there is a rising understanding of the advantages of decentralized, modular desalination systems. These systems can meet the water needs of small towns, industrial sites, and isolated places with limited access to traditional water infrastructure. The tendency toward decentralization is consistent with the overall goal of building more resilient and adaptive water supply networks.

Key Attributes:

Competitive Landscape

• Competitive Dashboard
• Business Strategies Adopted by Key Players
• Key Players Market Share Insights and Analysis, 2022
• Key Players Market Positioning Matrix
• Porter's Five Forces

Company Profiles

• Veolia Environnement S.A.
  • Company Snapshot
  • Company Overview
  • Financial Highlights
  • Geographic Insights
  • Business Segment & Performance
  • Product Portfolio
  • Key Executives
  • Strategic Moves & Developments
• Acciona S.A.
• Doosan Corporation
• VA Tech Wabag Ltd.
• Hitachi Zosen Corporation
• IDE Technologies
• DuPont de Nemours, Inc.
• LG Chem Ltd.
• Toray Industries, Inc
• Thermax Ltd
• Xylem Inc
• Aquatech International LLC
• Siemens AG
• Metito Holdings Ltd
• Abengoa, S.A.
• Biwater International Limited

By Technology

• Reverse Osmosis (RO)
• Multi-Stage Flash (MSF) Distillation
• Multi-Effect Distillation (MED)
• Others

By Source

• Sea Water
• Brackish Water
• Surface Water (Rivers & Streams)
• Wastewater
• Others (Industrial Process Water, Produced Water, Agricultural Runoff, Mining Effluents, Highly Saline Springs or Wells, Landfill Leachate, Tailings Pond Water)

By Application

• Municipal
• Industrial
• Others

For more information about this report visit https://www.researchandmarkets.com/r/cbk17r

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Attachment

• Global Water Desalination Market