“According to the research report published by Polaris Market Research, the global water desalination equipment market was valued at USD 7.22 billion in 2021 and is expected to grow at a CAGR of 9.0% during the forecast period.”
Polaris marketplace studies has currently posted a research report titled Water Desalination Equipment Market: By Size, Latest Trends, Share, Huge Growth, Segments, Analysis and Forecast, 2032 that emphasizes a comprehensive analysis of modern and destiny possibilities to research the boom fee of the marketplace. The report describes Water Desalination Equipment Market length, historical trends, enterprise improvements, segmentation evaluation, new possibilities, elements controlling the market, and traits.
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Rapid industrialization, scarcity of rainfall, and increasing population in many parts of the world are the major driving forces driving the global market growth. Advancements in technologies and increased investments to build new plants in various parts of the world provide an excellent opportunity for the international industry to grow in the coming years.
Globally, a severe aqua scarcity is affecting an estimated 1 billion people. Rapid industrialization is also worsening the condition, with 19% of total H2O withdrawals globally being used for industrial purposes. All these factors will increase the demand for fresh H2O, which will augment the market’s growth.
Governments across the globe are investing in building new plants to fulfill industrial and domestic needs, which will significantly contribute to the growth of the industry. For instance, in 2020, India planned to build a 400 MLD capacity sea H2O reverse osmosis plant in Chennai, which is expected to be operational by 2024.
Major Key Players:
- Acciona
- S.A.
- Aquatech International LLC
- Biwater Holdings Limited.
- Cadagua
- Degrémont
- Doosan Heavy Industries & Construction Co.Ltd.
- General Electric Company
- Genesis Water Technologies
- Guangzhou KangYang Seawater Desalination Equipment Co.Ltd(KYSEARO)
- IDE Technologies
- Koch Separation Solutions (KSS)
- SUEZ
- Veolia
- Xylem
Recently, Singapore opened its first large-scale plant named Keppel Marina East Desalination Plant, which can treat both sea H2O and fresh aqua to produce about 30 million gallons of fresh drinking H2O every day. The new detoxification plants will increase the demand for new equipment in the market.
There is a rapid advancement in developing and adopting novel energy-efficient technologies in purification plants. Companies focus on building plants that employ solar energy, wind energy, and tidal energy to generate fresh aqua. In June 2021, The Red Sea Development Company (TDC) opened the first desalination equipment plant using wind and solar power in Saudi Arabia, which will help significantly reduce carbon emissions.
Prominent Industry Insights
The report emphasizes the future growth prospects of the Water Desalination Equipment Market by analyzing the current and historical business conditions. It highlights the remarkable progress observed in this market, indicating a substantial growth trajectory expected by the forecast period. The report comprises a complete table of contents, tables, charts, and figures, as well as insightful analysis. It also provides a SWOT analysis and Porter’s Five Forces analysis, as well as an assessment of important statistics such as expenditure, costs, revenue, and end-client information, delivering valuable insights into the market’s financial and customer-related aspects.
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Competition Analysis
The report analyzes the competitive landscape, highlighting Water Desalination Equipment Market key players operating at domestic and global levels. By examining these players, readers can gain insights into their presence in the market, company profiles, total revenue, pricing, sales, product details, specifications, recent developments, financial status, profits, and contact information. This comprehensive assessment allows readers to evaluate the strengths and weaknesses of their competitors effectively. Additionally, it sheds information on numerous tactics used by top rivals, including the introduction of new products, R&D expenditures, partnerships, mergers and acquisitions, joint ventures, and collaborations.
Reasons to Purchase This Report
- To get a comprehensive evaluation of all opportunities and risks in the market.
- To study business predictions by region, key countries, and top companies’ information to channel their investments.
- To obtain precise market information and extensive analysis in order to achieve efficiency, growth, and profit in the business.
- To track significant changes in the competitive scenario and market dynamics & trends.
- To evaluate the market by segments, countries with Water Desalination Equipment Market share and sales by key countries in these various regions.
- To explore key strategies adopted by players to sustain themselves in the market and expand their presence across the world.
Along with consumption and consumption value projections, forecasts for production and production value are also provided and important regional markets. Additionally, the researchers have researched probable areas that could experience positive Water Desalination Equipment Market growth. In addition, a thorough analysis and evaluation of the market verticals in this research will help new entrants understand important perspectives and investment returns.
Finally, this study provides stakeholders with information on which international regions to focus on. The report acts as a reliable resource for acquiring the study data that is anticipated to significantly expand your business. Overall the study document enables stakeholders to learn more about how end users think.
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