Authored By: Sarah
10 Feb 2025

Desalination Market Size 2024-2028: A Deep Dive into Growth Drivers and Regional Insights

The desalination market is forecast to grow by USD 9.08 billion at a CAGR of 8.43% between 2023 and 2028. This growth is driven by the increasing global demand for potable water amidst a backdrop of water scarcity and the rising population

Global desalination market 2024-2028

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Market Segmentation

The desalination market is divided into several key segments based on technology, application, and geography:

  • Technology: Membrane and Thermal technologies. The membrane segment is the dominant technology due to its energy efficiency and suitability for regions with limited energy resources.
  • Application:
    • Municipal
    • Industrial
    • Others

Regional Market Trends

The global desalination market is segmented into several regions, each exhibiting unique trends:

  • Middle East and Africa: Expected to contribute 60% to the global market growth due to rapid urbanization and high demand for potable water in arid regions.
  • APAC
  • North America
    • US
  • Europe
  • South America

Market Drivers

The key driver behind the rise in desalination adoption is the increasing population and the growing demand for consumable water. By 2050, the world’s population is expected to reach 9.73 billion, and access to potable water remains limited. With freshwater resources increasingly strained due to contaminants like industrial waste and pathogens, desalination provides a viable solution. It is particularly critical in areas where traditional water sources are unreliable or unavailable.

Technologies in Desalination

The membrane technology segment is poised for significant growth, with reverse osmosis (RO) and nanofiltration techniques being at the forefront. These processes are highly efficient and particularly suitable for regions with limited energy resources. The continuous improvements in energy recovery systems and material sciences further enhance the performance of membrane technology by reducing the energy required for desalination, making it an attractive option for water-scarce regions.

Key Market Trends

The increasing adoption of renewable energy sources, such as wind, solar, and geothermal, in desalination plants is a significant trend shaping the market. By reducing energy consumption and minimizing environmental impacts, companies are creating more sustainable solutions for producing potable water.

Post-treatment costs and energy efficiencies continue to be critical factors in the desalination process, with ongoing research focused on optimizing these aspects

Challenges in the Desalination Market

Despite the promising growth prospects, the desalination market faces several challenges:

  • High Initial Investment: The capital expenditure (CAPEX) required to set up desalination plants remains a significant challenge, with high costs associated with membranes, pumps, and energy recovery devices.
  • Environmental Impact: The disposal of dense brine and the potential impact on marine ecosystems remain critical environmental concerns. Regulations require careful management of intake structures to minimize these effects.

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Key Companies in the Desalination Market

Some of the key companies of the Desalination Market are as follows:

  • Acciona SA
  • Asahi Kasei Corp.
  • Bechtel Corp.
  • Biwater Holdings Ltd.
  • Consolidated Water Co. Ltd.
  • Doosan Corp.
  • DuPont de Nemours Inc.
  • Ferrovial SA
  • Hyflux Ltd.
  • IDE Water Technologies
  • Kurita Water Industries Ltd
  • Mitsubishi Heavy Industries Ltd.
  • Osmoflo
  • Poseidon Water LLC
  • ProMinent GmbH
  • TEMAK SA
  • Toyobo Co. Ltd.
  • Veolia Environnement SA
  • Webuild

 

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