The Business Research Company’s Water Desalination Equipment Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
LONDON, GREATER LONDON, UK, November 15, 2023 /EINPresswire.com/ — The global water desalination equipment market has witnessed significant growth, expanding from $13.94 billion in 2022 to $15.72 billion in 2023, with an impressive Compound Annual Growth Rate (CAGR) of 12.8%. The market is poised for further expansion, with a projected size of $24.04 billion by 2027.
Urbanization and Industrialization Propel Market Growth
The growth of the water desalination equipment market is fueled by the rising trends of urbanization and industrialization globally. Urbanization, characterized by the increasing migration of populations from rural to urban areas, coupled with higher human population densities in urban settings, leads to water scarcity. The depletion of freshwater resources intensifies the demand for water desalination technology, which effectively separates salt from water, addressing the issue of salinity. As per the United Nations Department of Economic and Social Affairs, it is projected that 68% of the world’s population, equivalent to 2.5 billion people, will reside in urban areas by 2050. This surge in urbanization and industrialization worldwide is expected to propel the water desalination equipment market.
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Key Players and Market Trends
Major players in the water desalination equipment market, including Acciona S.A. and Veolia Water Technologies, play a pivotal role in developing advanced solutions to cater to the growing demand. Technological advancements have emerged as a key trend, with companies focusing on innovations to enhance their market position. For instance, DuPont Water Solutions launched dry-tested seawater reverse osmosis elements based on next-generation seawater reverse osmosis (SWRO) technology, promising improvements in shelf life, energy consumption, and carbon dioxide emissions reduction.
Water Desalination Equipment Market Segments:
• Product: Membranes, Pumps, Evaporators
• Technology: Reverse Osmosis, Multi-Stage Flash Distillation, Multiple-Effect Distillation, Other Technologies
• Application: Municipal, Industrial, Other Applications
Geographical Insights: Asia-Pacific Leads in Growth
In 2022, the Middle East secured its position as the largest region in the water desalination equipment market. However, Asia-Pacific is anticipated to be the fastest-growing region in the forecast period, presenting substantial growth opportunities. The comprehensive report offers detailed insights into regional dynamics, market trends, and growth opportunities.
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Water Desalination Equipment Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Water Desalination Equipment Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on water desalination kit market size, water desalination unit market drivers and trends, water desalination equipment market major players, competitors’ revenues, market positioning, and market growth across geographies. The water desalination equipment market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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