Desalination involves removal of mineral components from saline water, especially salt, to make the feedwater suitable for residential and industrial applications.
The market is driven by the need for desalinated water to be used for consumption and limited availability of freshwater resources.
The global desalination market was worth $XX million in 2017 and is forecasted to reach $XX million by 2025, growing at a CAGR of XX% during the forecast period (2018-2025).
The rapid population growth and high demand for water have increased the need for consumable water across the globe, coupled with rapid industrialization & technological development. However, with the limited available freshwater bodies, major countries are facing water scarcity. The rate of deforestation and overgrazing have complicated matters, contributing to the freshwater scarcity problems.
There are notable environmental and health hazards to the desalination process which might hamper the growth rate of the market. Chemicals used in desalination processes pose the risk of developing harmful by-products when mixed with pure water, which could endanger the consumers, be it for drinking or for irrigation. Also, widespread desalination could take a heavy toll on ocean biodiversity with the potential to kill millions of marine microorganisms.
The global desalination market is segmented by technology into multi stage flash (MSF), reverse osmosis (RO), multi effect distillation (MED), electrodialysis (ED) and others including ultrafiltration (UF), nanofiltration (NF), and microfiltration (MF). By source, the market is segmented into seawater, brackish water, and wastewater. By energy source, the global water desalination market is classified based on the energy source as renewable and non-renewable. By end-user, the global water desalination market is classified as industrial, municipal and others. The market is focused on the desalination of seawater owing to its immense availability. For instance, in April 2017, Doosan Heavy Industries & Construction signed a deal with Saudi Arabia's Saline Water Conversion Corporation (SWCC) to build the country’s largest-capacity seawater reverse osmosis desalination plant in Shuaibah, near the Red Sea coast.
Global Desalination Market – Geographical Analysis
The desalination market by geography is segmented by country into North America, South America, Europe, Asia-Pacific, and Middle East & Africa.
The desalination market in Saudi Arabia is the leading segment, owing to the demand for desalinated water from the industrial and manufacturing sector and support from the government including financial incentives and tax benefits.
For instance, in July 2018, South Korea’s Doosan Heavy Industries & Construction Co. announced that the company will take part in a desalination project in Oman led by a consortium of Japanese engineering company JGC Corp. and Oman’s UICD, with the purpose of engineering, procurement, and construction of a seawater desalination facility in Oman by April 2021.
Global Desalination Market – Competitive Analysis
The key companies are focused on the formation of strategic collaborations and partnerships to expand business operations. In April 2018, Veolia and DIDIC, under the Oman Power and the Water Procurement Company, signed an agreement to establish Salalah Independent Water Project plant, which would have a capacity to generate 25 million gallons per day of desalinated water using reverse osmosis technology.
- Multi Stage Flash (MSF)
- Reverse Osmosis (RO)
- Multi Effect Distillation (MED)
- Electrodialysis (ED)
- Brackish Water
By Energy Source
- Acciona, S.A.
- Biwater PLC
- Doosan Heavy Industries & Construction
- Dow Chemical Company
- Genesis Water Technologies, Inc.
- IDE Technologies Ltd.
- Koch Membrane Systems Inc
- Lanxess AG
- SUEZ Water Technologies & Solutions SA
- Veolia Environnement S.A.