Global Desalination System Market - Segmented by Technology of Separation, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)
The global desalination system market is expected to witness a CAGR of approximately 14.7% during 2018 to 2023 (the forecast period). Desalination industry is displaying a significant growth in the market, due to the increasing demand for fresh water in the Middle East.
Middle Eastern Economies Driving the Market
Middle Eastern economies have nearly USD 42 billion worth of water and wastewater projects in the pipeline for the next 10 years. The government has taken many initiatives to deal with water scarcity and for promoting economic growth. There has been an increase in commercialization of new concepts for desalination, including forward osmosis, membrane distillation, tri-hybrid applications using nano-filtration, and low-temperature distillation. These technologies are expected to increase efficiency and decrease energy requirement.
Membrane Technologies the Dominant Segment
The market is segmented by technology of separation and application. Based on technology of separation, the market can be segmented into – thermal technologies, membrane technologies, and others. Membrane technology accounts for the largest share, accounting to more than 2 million cubic meters per day, which is approximately more than 92% of the annual contracted capacity. The market is also segmented on the basis of application into – municipal, agricultural, and others. Desalination is mainly used for municipal application, and so it accounts for about 68% of the global desalination capacity.
‘Middle East & Africa’, the Fastest-growing Region
The market is further segmented by geography into – North America, Europe, Asia-Pacific (APAC), South America, and Middle East & Africa. Middle East & Africa is expected to show significant growth during the forecast period, because of many large-scale projects around the Red Sea and in the Gulf areas. The Asia-Pacific region is the second-fastest growing region, mainly due to the rising government regulations in China.
October 2017: SUEZ announced that, it completed the acquisition of former GE Water & Process Technologies (GE Water).
Major Players: Acciona Inc., Biwater, Cadagua Inc., Suez, Doosan Heavy Industries & Construction Ltd, Genesis Water Technologies, Hyflux Ltd, IDE technologies Ltd, Koch Membranes Systems, DOW Chemical Company, among others.
Reason to Purchase this Report
Current and future global desalination system market outlook in the developed and emerging markets
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Segment that is expected to dominate the market
Regions that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in excel)
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