- The water desalination equipment market contributed over USD 9 billion in 2014. It is likely to rise at an approximate CAGR over 9% from 2015 to 2020. Technological advancements, augmenting population, and water crisis are driving further demand for the market.
Demand for fresh, safe, and clean drinking water has increased in the United Arab Emirates and Australia. This will have a positive market impact in the coming years. Countries like the U.A.E., U.S, U.K., India, Germany, and China have undergone considerable growth in the recent past.
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These nations have driven concerns regarding water-insufficiency. Rising trade practices and globalization have caused industries to utilize these insufficient water resources. Boosting research and developments, product launches, and technological innovations by various companies are also estimated to boost market revenues.
Major companies in the water desalination equipment market are GE Water, and Aquatech. The market is segmented on the basis of five categories. These are technologies, products, water inputs, applications, and regions. Based on technologies, the market is divided into electrodialysis, multi-stage flash (MSF), reverse osmosis (RO), multi-effect distillation (MED), nano filtration, and vapor compression.
With contribution over 40% of the desalination capacity globally, MSF technology is used in the Middle East and Africa. Also, vapor compression adoption has improved across small and medium level installations. Membrane systems, pumps, and evaporators are the various products of the water desalination equipment market.
By water inputs, the market is split into river water, seawater, and brackish water. Municipal, industrial, hospitality, and military are the market applications. In 2014, municipal contributed the highest share. Furthermore, industrial is expected to be the fastest growing application in the forecast period. This is due to accelerated water consumption by the segment.
Central and South America, Asia Pacific, Europe, North America, and the Middle East and Africa (MEA) are the regions. In terms of demand and revenue, Asia Pacific led the market in 2014. It also accounted for the highest CAGR that year. The other participants in the water desalination equipment market include GE Water and Process Solutions, IDE Technologies, Biwater, Koch Membrane Systems, Cadagua, Doosan Heavy Industries and Co., and Hyflux Ltd.
Information Source: Grand View Research
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