Water desalination is a process of filtering salt from the ocean to obtain drinkable water. Desalination plants number at least 15,000, with the largest one in Saudi Arabia. But the country which makes major use of this process is Israel. It currently gains 55% of its water share through this method. The global water desalination equipment market is primarily driven by the demand for clean water. It is projected to grow at a CAGR close to 9.5% from 2015 to 2020 (forecast period). It was valued at nearly USD 10 billion in 2014. Growing levels of pollution are another factor facilitating market demand.
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Government initiatives to solve water scarcity will lead to market growth. Demand for clean drinking water is imperative in Australia and United Arab Emirates (UAE). High costs of upkeep and operational charges can hamper market growth. But water recycling can provide opportunities for developing advanced waste water treatment technologies.
The water desalination equipment market growth is segmented by products, technologies, applications, and regions. Products include membrane systems, evaporators, pumps, and others. Municipal, industrial, and others constitute as major market applications. Others include military and hospitality. Municipal applications had a lion’s share of the market, with industrial applications expected to grow at a rapid pace over the next 5 years.
Technologies comprise of electrodialysis, nano-filtration, multi stage flash (MSF), reverse osmosis (RO), vapor compression, multi effect distillation (MED), and others. MSF is widely used in Africa and Middle East, garnering over 45% market shares. Vapor compression is used in medium and small-scale industries. Regions include Asia Pacific (APAC), Europe, North America, Central & South America (CSA), and Middle East & Africa (MEA). MEA dominates the market to stop its reliance on water collection techniques. APAC is the second highest growing region with a significant growth rate over the forecast period.
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Prominent vendors of the water desalination equipment market are Doosan Heavy Industries & Construction, Genesis Water Technologies, Inc., IDE Technologies, Degrémont Technologies, and GE Infrastructure Water & Process Technologies. Players are involved in technological development and launching innovative products to gain a market hold. Solar powered desalination is another innovative technology which can change the market scenario.
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