The global water desalination market is driven by technologies that convert seawater and brackish water into fresh water for industrial and municipal use. Desalination technologies such as reverse osmosis, thermal evaporation, multi-stage flash and multi-effect distillation remove dissolved salts and minerals from sea and brackish water to produce potable and non-potable water. These technologies play a vital role in addressing freshwater scarcity as over 1.1 billion people globally lack access to fresh water. The growing water stress levels have increased the demand for desalination systems to meet the rising freshwater needs of communities, industries and for agricultural purposes.

The Global Water Desalination Market is estimated to be valued at US$ 17.47 Bn in 2024 and is expected to exhibit a CAGR of 8.7% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the global water desalination market are Acciona, Biwater Holdings Limited, Aquatech International LLC, IDE Technologies, Veolia Water Technologies, Doosan Heavy Industries Construction, Genesis Water Technologies, SUEZ Group, Aqua Filsep Inc., Hatenboer-water, Triveni Engineering Industries Ltd., Webuild Group, Barka Desalination Company, Fluence Corporation Limited, and Marine Water Production AS. These market leaders collectively hold over 30% of the market share.

The Global Water Desalination Market Demand across municipal, industrial and commercial sectors is one of the major drivers of the market. Rapid urbanization and population growth have increased the strain on existing freshwater resources in many parts of the world. This has accelerated the adoption of desalination technologies to bridge the demand-supply gap. Countries in the Middle East, Asia Pacific and North African regions are heavily dependent on desalination.

Global expansion of desalination projects mainly in the Middle Eastern and Asian countries will further contribute to the market growth during the forecast period. Countries such as Saudi Arabia, UAE, China, India and Iran are actively investing in new desalination projects as a long term solution to ensure water security. Gulf Cooperation Council (GCC) countries alone account for nearly 50% of the global installed desalination capacity indicating huge opportunities for desalination market.

Market Key Trends

One of the Global Water Desalination Market Companies in renewable energy driven desalination. With the falling costs of renewable energy sources such as solar and wind energy, integrating renewable energy into desalination systems has become economically feasible. This reduces energy costs and carbon footprint of desalination. Countries such as Saudi Arabia, UAE and Kuwait are investing in solar and wind powered desalination plants to increase self sufficiency through indigenous energy resources. The increasing focus towards energy efficiency and sustainability is expected to further propel the renewable energy driven desalination market during the forecast period.

Porter’s Analysis

Threat of new entrants: High capital requirement for desalination technology and infrastructure development poses barrier to entry.

Bargaining power of buyers: Water scarcity enables buyers to negotiate prices to some extent depending on region and application.

Bargaining power of suppliers: Specialized components and engineering services available from few global suppliers results in their strong bargaining position.

Threat of new substitutes: No cost effective substitutes exist currently to generate new water sources at scale.

Competitive rivalry: Intense competition exists among established players to adopt new technologies and expand to emerging markets.

Geographical Regions

The Middle East & North Africa region accounts for over 50% of the global desalination market value due to severe water scarcity issues. Countries like Saudi Arabia, UAE, Qatar, Kuwait and Israel produce over 60% of world's desalinated water to meet growing industrial and domestic demands.

South and East Asia Pacific region is expected to grow the fastest during the forecast period led by China, India and Australia. Water security concerns coupled with rising population, urbanization and economic development is driving increased desalination plant installations to overcome freshwater shortages.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191