The global water desalination market is evaluated at US$8.704 billion for the year 2020 and is projected to grow at a CAGR of 8.66% to reach a market size of US$15.564 billion by the year 2027.
The rising water scarcity across the globe is increasing the demand for water desalination techniques. The depletion of conventional water sources is giving potential to the market growth of water desalination techniques in the global market. The rising urbanization rate and increasing population across the globe are the major factors driving the growth of the water desalination market. The climate change and exhaustion of conventional water sources are making people dependent on water desalination techniques, contributing to the growth of the water desalination market. According to the data of WWC (World Water Council), people of about 43 countries are facing the consequences of water scarcity in the world. The large investments of companies and market players in water desalination techniques are also pushing the market growth of water desalination techniques in the global market. As water scarcity is recognized as one of the severe problems faced by the 21st century, the governments of various countries and international organizations are focusing on giving support and assistance to water desalination techniques across the globe. Desalination of seawater is one of the efficient methods adopted to prevent water scarcity. The wide acceptability and popularity of seawater desalination as a solution to the world's water problems are raising the demand for water desalination systems and techniques in the global market.
The outbreak of the COVID-19 pandemic had adversely affected the growth of the global water desalination market. Global water desalination and water treatment equipment are the systems that are used in daily operations. The lockdowns imposed by governments for preventing the COVID-19 spread had adversely affected the proper working of the global desalination system and water treatment methods. The shutdown of industries decreased water desalination techniques and treatment methods for industrial and production purposes. The less availability of workers or employees in large desalination units due to the COVID-19 pandemic also had a negative impact on the growth of the water desalination market.
Rising Water scarcity around the world
Increasing water scarcity and water problems are some of the major issues faced by the modern world. The rate of water scarcity across the globe is rising each year. The reports of WHO state that about 43 countries are in the clutches of water scarcity around the world. The depletion of natural, conventional water sources is one of the major factors resulting in water scarcity and leading to the need for water desalination techniques. Deforestation and excess groundwater pumping are resulting in water scarcity problems. The increasing freshwater demand and water scarcity problems are boosting the growth of the global water desalination market. The surging population and rapid urbanization also increase the need for water desalination techniques. According to IHRM (International Human Resource Management), the global population growth rate is around 1.05% per year. The excess use of groundwater for industrial applications is also demanding the need for water desalination techniques. The reports of UNEP (United Nations Environment Programme) state that about 10 million hectares of deforestation are occurring every year, out of which a considerable share is due to urbanization. The implementation of low-cost and effective water desalination techniques like Reverse osmosis (RO) is also fuelling the growth of the global water desalination market.
Government Projects on Desalination of Seawater
The support and assistance provided by governments in the water desalination market are factors driving the growth of the global water desalination market. As the water scarcity problems are rising, governments of various countries are providing immense support and investments in the sector of water desalination leading to the growth of the water desalination market. The public-private partnership law implemented by the U.S. government is encouraging new developments and domestic investments in water treatment systems and desalination methods. The support provided by the governments in providing assistance and fund to research desalination techniques and water purification plants are fuelling the growth of the global water desalination market.
Growing market in the Middle East, Africa & Asia Pacific region
Geographically, the higher demand for water in the Middle East and Africa is raising the market share of the water desalination market in the Middle East and Africa. The growing population and increasing immigration are also elevating the water demand of the region. The increasing population and depleting groundwater levels are also boosting the market for water desalination in the Asia Pacific region.
|Market size value in 2020||US$8.704 billion|
|Market size value in 2027||US$15.564 billion|
|Growth Rate||CAGR of 8.66% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Technology, Source, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Doosan Heavy Industries & Construction, Veolia, SUEZ, IDE Technologies, Xylem, Aquatech International LLC, Biwater Holdings Limited, Genesis Water Technologies, Acciona S.A.|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the water desalination market size by 2027?
A1. The water desalination market is projected to reach a total market size of US$15.564 billion in 2027.
Q2. What are the growth prospects for the water desalination market?
A2. The global water desalination market is projected to grow at a CAGR of 8.66% during the forecast period.
Q3. What is the size of the global water desalination market?
A3. Water Desalination Market was valued at US$8.704 billion in 2020.
Q4. What factors are anticipated to drive water desalination market growth?
A4. The rising urbanization rate and increasing population across the globe are the major factors driving the water desalination market growth.
Q5. Which region holds the largest market share in the water desalination market?
A5. The Middle East and Africa hold the largest share in the water desalination market due to the higher demand for water in the region.
Doosan Heavy Industries & Construction
Aquatech International LLC
Biwater Holdings Limited
Genesis Water Technologies
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