Global desalination technology market to reach $22.5 billion by 2026
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Editing: 20; Published: February 2022
Executive commitments: 3183
Companies: 63 – Players covered include Abengoa SA; ACCIONA SA; Aqualyng AS; Danfoss A/S; Doosan Heavy Industries & Construction Co Ltd; Dow Water & Process Solutions; Evoque Water Technologies LLC; FISIA ITALIMPIANTI SpA; H2O Innovation; Hyflux Limited; IDE Technologies Ltd. ; John Holland; Koch Membrane Systems, Inc.; Suez SA; Degrémont; Tianjin MOTIMO Membrane Technology Co., Ltd. ; Toray Industries, Inc.; Toyobo Co., Ltd. ; Veolia Water Solutions & Technologies SA; Sidem; Xylem, Inc. and others.
Blanket: All major geographies and key segments
segments: Technology (Reverse Osmosis (RO), Multi-Stage Flash (MSF), Multi-Effect Distillation (MED), Other Technologies); Application (municipal, industrial, other applications)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UNITED ARAB EMIRATES; Rest of Middle East; Africa.
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Global desalination technology market to reach $22.5 billion by 2026
Desalination can be defined as the process of converting unusable salt water into usable fresh water, by extracting and removing dissolved salts from available water sources to make it viable for human use. Desalination involves extensive filtration of relatively saline water by distillation or membrane filtration to recover usable fresh water from unusable, brackish saline sources as well as sewage. Desalination technology has evolved over the years, and the desalination process is increasingly cost effective and has become a viable alternative means of supplying fresh water to meet its growing demand from different consumer sectors such as domestic, industrial and even to agriculture to a lesser extent. Currently, developed economies and countries with severe water shortages are the main users of desalination, given the high cost and energy intensity of these technologies. The coming years, however, will see a massive proliferation of desalination technologies as all countries begin to seek a guaranteed supply of safe water for their citizens. The common global crisis will force international cooperation within the global community and encourage free cross-border technology transfers. In addition, breakthroughs in nanotechnology will help reduce the cost of desalination by more than 50%, making the technology easily accessible to developing countries.
Amid COVID-19 crisis, Global Desalination Technologies Market Estimated at US$15.2 billion in 2022, is expected to reach a revised size of US$22.5 billion by 2026, growing at a CAGR of 9.8% over the analysis period. Reverse Osmosis (RO), one of the segments analyzed in the report, is expected to grow at a CAGR of 11% to reach US$14.9 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Multi-Stage Flash (MSF) segment is readjusted to a revised CAGR of 9% for the next 7-year period. This segment currently accounts for a 29% share of the global desalination technology market. As much of the world competes for limited energy resources and energy costs are constantly rising, alternative membrane-based desalination technologies such as reverse osmosis (RO) are gaining increasing attention. . Reverse osmosis, due to its cost advantages and compatibility with different water supplies such as saline, brackish and sewage, has thus become the dominant technology of choice in several parts of the world.
The US market is estimated at $1.8 billion in 2022, when China is expected to reach $2.3 billion by 2026
The desalination technology market in the United States is estimated at US$1.8 billion in 2022. The country currently accounts for a 12.71% share of the global market. Chinaworld’s second largest economy, is expected to reach an estimated market size of US$2.3 billion in 2026 with a CAGR of 10.9% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 7.4% and 7.1% respectively over the analysis period. In Europe, Germany is expected to grow at a CAGR of approximately 5.2% while the rest of the European market (as defined in the study) will reach US$2.6 billion at the end of the analysis period.
Commercial interest in water desalination is supported by a growing awareness of the value of water; increase attention at international, national and regional levels on making informed water management decisions regarding conservation, use and allocation; and the growing interest in developing technologies that provide freshwater to humans in an increasing number of regions where freshwater availability is decreasing. The desalination of seawater and oceans is becoming more and more essential for the further economic development of water-scarce countries/regions. The promise of generating unlimited fresh water from oceans and salty seas is driving investment in the development of desalination plants. Key factors driving the demand for seawater desalination include increasing occurrences of drought around the world due to climate change, the pressing need to reduce stress on ground and surface water supplies, and the relative cost-effectiveness of the technique compared to water importation. and building expensive storage infrastructure to store water. Globally, it is estimated that 90 million m3 of water are desalinated every day. GCC countries, including Saudi Arabiathe United Arab Emirates and Kuwait represent about 35% of the world’s desalination capacity. Worldwide, there are about 20,000 desalination plants.
Multi-Effect Distillation (MED) segment to reach $1.7 billion by 2026
Originally developed for the chemical industry, multi-effect distillation (MED) or multi-effect evaporation (MEE) is the oldest thermal desalination technology in existence. MED technology is essentially based on the principles of evaporation and condensation and revolves around the gradual lowering of ambient pressure through each successive network of evaporators also called effects. In the global multi-effect distillation (MED) segment, United States, Canada, Japan, China and Europe will result in the CAGR of 5% estimated for this segment. These regional markets representing a combined market size of US$439.2 million will reach a projected size of US$618.7 million at the end of the analysis period. China will remain among the most dynamic in this group of regional markets. Led by countries such as Australia, Indiaand South Koreathe market of Asia Pacific should reach US$250.7 million by 2026, while Latin America will grow at a CAGR of 5.7% over the analysis period. Continued
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