Water desalination equipment market is forecast to reach a valuation of USD 25 billion by the end of 2032
The global water desalination equipment market is projected to reach US$ 25 bil by 2032, with sales growing at a prolific CAGR of 9% over the forecast period of 2022 to 2032. Water desalination equipment market is likely to reach an estimated value of US$ 13 Bn by the end of 2022. The elevated scarcity of potable water resources all over the world is expected to propel market possibilities for water desalination equipment.
Water desalination equipment are industrial devices that purify brackish water, seawater, or water from any other source. The process of desalination allows the separation of salts and minerals from different water sources such as wastewater, wells, industrial feed, and other sources.
In the process, this water is converted to potable water or freshwater. Consequently, water desalination equipment is widely used across different industries including oil & gas, mining, chemical, agriculture, as well as in municipality settings.
Rapid population growth coupled with increasing demand for water as well as disturbances in water cycles that lead to water scarcity are factors contributing to the growth of water desalination equipment market. In addition to this, swift industrialization has led to an increase in the usage of water in multiple end-use industries which in turn has created an upsurge in the demand for water desalination machinery across different industry verticals.
Moreover, scarcity of potable or freshwater reserves are propelling the demand for water treatment, specifically desalination, in arid areas. All of these are some of the prominent factors fuelling the growth in the global water desalination equipment market.