Desalination Technologies Global Market Report 2022: Focus on Sustainability and Energy Efficiency Pivotal for Future Growth – GlobeNewswire
| Source: Research and Markets
Dublin, IRELAND
Dublin, Aug. 30, 2022 (GLOBE NEWSWIRE) — The “Desalination Technologies – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global Desalination Technologies Market to Reach $22.5 Billion by 2026
Desalination technology has evolved over the years, and the process of desalination is increasingly cost-effective and has emerged as a viable alternative means of sourcing fresh water in order to satisfy its burgeoning demand from different consumption sectors such as domestic, industrial and even to a lesser extent agriculture. Currently, developed economies and countries with acute water shortages are dominant users of desalination, given the high cost and energy-intensiveness of these technologies.
The coming years will however witness massive mass-proliferation of desalination technologies as all countries begin to seek a guaranteed supply of safe water for its citizens. The common global crisis will force international cooperation in the global community, and will encourage free cross-border technology transfers. In addition, technology breakthroughs in nanotechnology will aid in reducing the cost of desalination by over 50% making the technology easily accessible by developing countries.
Amid the COVID-19 crisis, the global market for Desalination Technologies estimated at US$15.2 Billion in the year 2022, is projected to reach a revised size of US$22.5 Billion by 2026, growing at a CAGR of 9.8% over the analysis period.
The U.S. Market is Estimated at $1.8 Billion in 2022, While China is Forecast to Reach $2.3 Billion by 2026
The Desalination Technologies market in the U.S. is estimated at US$1.8 Billion in the year 2022. The country currently accounts for a 12.71% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.3 Billion in the year 2026 trailing a CAGR of 10.9% through the analysis period.
Commercial interest in water desalination is supported by growing awareness over the value of water; increasing international, national and regional level focus on making well informed water management decisions regarding conservation, use, allocation; and growing interest in developing technologies which provide fresh water to humans in growing number of regions where fresh water availability is dwindling. Seawater and ocean desalination is increasingly becoming critical for continued economic development of countries/regions short of water.
The promise of generating unlimited freshwater from the salty oceans and seas is spurring investments in the development of desalination plants. Key factors driving demand for both seawater desalination include growing occurrences of drought throughout the world as a result of climate change, the pressing need to reduce the stress on groundwater and surface water supplies, and relative cost-effectiveness of the technique as compared to importing water and building expensive storage infrastructures to store water.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/xji1bh
Attachment