With the emergence and long-term Impact of COVID-19, Global Water Desalination Equipment Market to reach USD 32.10 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Water Desalination Equipment Market is poised to raise up to USD 32.10 Billion by 2030. Water Desalination Equipment is designed to eliminate salts and other minerals from water or soil. Such equipment is commonly used for applications such as drinking water treatment, oil field operations, and process separation. The major driving factors for the Global Water Desalination Equipment Market are growing water scarcity and depletion of freshwater sources and rapid urbanization. Also, the key players of global Water Desalination Equipment Market have adopted various strategies to gain competitive advantage including product launch, mergers and acquisition, partnerships and agreements, investment, funding and others. Therefore, such initiatives taken by the market players resulting in increasing demand for water desalination equipment thereby, augmenting the growth of the market over the forecast period.
Geographically, the Global Water Desalination Equipment market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). The North American is the dominating market for water desalination equipment this is driven by factors such as the growing demand for fresh water, increasing population, and technological advancements. The US dominates the market due to its large coastline and high dependence on desalinated water in arid regions of California and other states. The Asia Pacific market for water desalination equipment is fastest growing region driven by factors such as the growing population, increasing industrialization, and urbanization. Countries such as China, Saudi Arabia, and the UAE have a significant market share due to their large investments in desalination projects.
The Global Water Desalination Equipment market is highly competitive owing to the presence of several key manufacturers such as Acciona S.A., Doosan Heavy Industries & Construction, Veolia, SUEZ, IDE Technologies, Xylem, Aquatech International LLC, Biwater Holdings Limited, Genesis Water Technologies, and others.
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Global Water Desalination Equipment Market Size study & Forecast, by Source (Sea water, Brackish water, River water, Others) by Technology (Reverse Osmosis (RO), Multi-stage Flash (MSF) distillation, Multi-effect Distillation (MED), Others), by Application (Municipal, Industrial, Others) and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Water Desalination Equipment Market is anticipated to grow with a healthy growth rate of more than 9.5% over the forecast period 2023-2030.
- In the Source segment, Seawater emerged out as the leading market segment in 2022.
- In the Technology segment, Reverse Osmosis (RO) emerged as the leading market segment in 2022.
- In the Application segment, Municipal emerger out as the leading market segment in 2022.
- North America is anticipated to drive regional growth Owing to growing demand for fresh water, increasing population, and technological advancements.
- Asia-Pacific is expected to grow at higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
- Sea water
- Brackish water
- River water
- Reverse Osmosis (RO)
- Multi-stage Flash (MSF) distillation
- Multi-effect Distillation (MED)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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