Worldwide Desalination Technologies Market to Reach $32 billion by 2030, Due to Strong Growth Poised

The new report from Industry Experts Inc, on "Desalination Technologies", reveals that the global market for desalination technologies market is expected to maintain a CAGR of about 9.3% during the 2024-2030 analysis period and reach a projected US$32.1 billion by 2030 from an estimated US$18.8 billion in 2024.

Globally, the demand for desalination technologies has been maintaining a fast pace and would continue to do so, the major reasons for which include decrease in freshwater resources, unchecked population growth & rapid industrialization, reduction of carbon footprint by the use of hybrid desalination, artificial intelligence (AI) & internet of things (IoT) further enhancing desalination operations, technological developments, use of renewable energy for desalination gaining prominence due to ecological concerns, co-generation practices decreasing costs of desalination and wider use of nanotechnology.

Middle East & Africa forms the largest global region for desalination technologies, which is likely to maintain its number one standing over the analysis period. The region has severe scarcity of freshwater resources, and this situation has been further worsened by increasing per-capita water consumption due to a growing population and expanded immigration from other parts of the world. Asia-Pacific, however, is primed to emerge as the fastest growing global market for Desalination Technologies, which can be attributed to the swift urbanization and industrialization being witnessed in various countries. The growth for these systems is also being supported by an increase in investments aimed to improve existing and develop new water and wastewater systems.

The report studies the desalination technologies market across all major regions including North America (The United States, Canada and Mexico), Europe (France, Germany, Italy, Russia, Spain, The United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific), South America (Argentina, Brazil and Rest of South America) and Middle East & Africa.

The market for major categories of desalination technologies analyzed in this report includes Thermal [Multi-Stage Flash Distillation (MSF), Multi-Effect Distillation (MED) & Vapor Compression Distillation (VCD)], and Membrane [Electrodialysis (ED), Electrodialysis Reverse (EDR), Reverse Osmosis (RO) and Other Membrane Technologies, such as Nanofiltration, Ultrafiltration & Microfiltration]. The study also examines the market for desalination technologies applications comprising Industrial Water, Municipal Water and Other Water Types.

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