the 30th of August 2023 (GLOBE NEWSWIRE) The global desalination technologies market, presently valued at US$16.87 billion, is expected to grow at a high-value CAGR of 11% from 2023 to 2033, according to a recent industry report by Fact.MR, a supplier of market research and competitive intelligence.
Desalination technologies are becoming a vital component of global water crisis solutions. The need for freshwater is rising due to the rapidly expanding global population, urbanisation, and industrialization, which is driving a high adoption of desalination technologies.
Desalination is the process of purifying seawater or brackish water by removing salt and other pollutants in order to make it appropriate for drinking, farming, and other industrial processes. Governments are investing heavily in desalination projects as a result of the increasing water scarcity in both industrialised and developing regions of the world.
Desalination processes are increasingly incorporating renewable energy sources like solar and wind power, leading to more economical and environmentally responsible solutions. Due to their effectiveness, capacity to lower carbon footprints, and ability to produce high-quality water, hybrid desalination systems are becoming more and more popular. As a result, they are appropriate for a variety of applications.
The Middle East, North Africa, and some sections of Asia are examples of emerging regions with severe water shortages that could present expansion prospects for companies who make desalination equipment.
Leading desalination technology suppliers are increasing their reach into areas with severe water shortages and high demand for desalination systems. They may now access new markets and enhance their revenue shares thanks to this expansion.
In order to create a specialised business, the Marubeni Corporation and Transelec Holdings Rentas Limitada, a renowned Chilean power transmission firm, initiated a unique plan in March 2023. Providing desalination and water transmission services to Corporación Nacional del Cobre de Chile is the exclusive focus of this organisation.
With its latest offering, Fact.MR offers a frank analysis of the global desalination technologies industry. It provides historical demand data (from 2018 to 2022) and future figures (from 2023 to 2033) for the years in question.
Reverse osmosis (RO), multi-stage flash (MSF), and multi-effect distillation (MED) technologies, municipal and industrial applications, and five key globe regions (North America, Europe, Asia Pacific, Latin America, and MEA) are the focus of the study.
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