A lead analyst at AMR highlighted that the water desalination equipment market across LAMEA is anticipated to grow at the fastest CAGR during the forecast period.
Allied Market Research published a research report on the water desalination equipment market. The findings of the report states that the global market for water desalination equipment generated $6.9 billion in 2020, and is projected to reach $16.6 billion by 2030, witnessing a CAGR of 9.2% from 2021 to 2030. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants.
The report provides detailed insights on the drivers, restrains and opportunities to help the market players in devising several growth strategies. Growing water shortage and rapid depletion of freshwater resources due to worsening environmental conditions, such as changing weather patterns, deforestation, and increased pollution; rise in demand for water for various manufacturing and industrial activities as well as other services and operations on an industrial or medium scale and the rise in world’s population boost the global water desalination equipment market. On the other hand, high capital investment required for the installation of water desalination equipment impedes the market growth. Nevertheless, the increase in hybrid desalination technologies offers lucrative opportunities for growth in the industry.
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The report provides a detailed scenario of the impact of the Covid-19 pandemic on the water desalination equipment market globally. The COVID-19 outbreak led to shutting down of various construction sites and manufacturing companies, causing a reduced demand for water desalination equipment. However, as the world returns back to its normal phase, the demand for water desalination equipment rises as the governments across the globe plan to invest in water treatment solutions to meet water scarcity issues.
“In water desalination, many minerals with salt are removed from the water. It does this by using various technologies such as capacitive deionization, reverse osmosis, multi-stage flash desalination, electro dialysis, and others. The growing population, the abundant availability of seawater and the scarcity of freshwater resources are just some of the factors that are expected to increase the demand for water desalination equipment, which in turn is expected to help in growth of the global desalination equipment market.” said Eswara Prasad, Manager, Chemicals & Materials at Allied Market Research.
The report offers detailed segmentation of the global water desalination equipment market based on technology, source, application and region. These insights are helpful for new as well as existing market players to capitalize on the fastest growing and largest revenue generating segments to accomplish growth in the future.
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Based on technology, the multi-stage flash (MSF) distillation segment is anticipated to grow at the fastest CAGR of 10.2% during the forecast period. However, the reverse osmosis segment accounted for the highest share of more than two-thirds of the global water desalination equipment market in 2020.
By source, the seawater segment held the largest share in 2020, contributing to nearly three-fifths of the water desalination equipment market. The same segment is expected to dominate the market in terms of revenue during the forecast period.
By application, the municipal segment dominated the market in terms of revenue in 2020, contributing to more than half of the global water desalination equipment market. However, the industrial segment is expected to exhibit the fastest CAGR of 9.5% during the forecast period.
Based on region, the water desalination equipment market across LAMEA is expected to grow at the fastest CAGR of 9.8% during the forecast period. Moreover, the same segment was the largest market in 2020, grabbing nearly two-fifths of the global market share.
The leading market players analyzed in the global water desalination equipment market report include Acciona SA, Biwater, Cadagua, Degremont Sas, Genesis Water Technologies, IDE Technologies, Pure Aqua, Inc., Koch Membrane Systems, Right Water Solutions, and Veolia.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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