PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421604
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421604
The global desalination technologies market size is expected to reach USD 42.76 billion by 2032, according to a new study by Polaris Market Research. The report "Desalination Technologies Market Share, Size, Trends, Industry Analysis Report, By Technology (Reverse Osmosis, Multi-Stage Flash, Multi-Effect Distillation); By Application; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Rapid population growth in urban areas worldwide has increased the demand for fresh for drinking, sanitation, and industrial use, along with the rise in the number of research and development activities in desalination technologies, which have made them more energy-efficient and cost-effective compared to various traditional technologies being used in the market, are among the prominent factors likely to influence the demand and growth of the market at extensive pace.
Additionally, innovations in desalination technologies, which aim to reduce the environmental impact of several processes such as energy consumption and brine disposal and growing proliferation among government authorities towards introducing initiatives supporting the desalination industry, are gaining huge traction and are likely to bode well for the global market over the coming years. For instance, in August 2023, Saudi Arabia's National Water Company said that they have successfully launched USD 1.3 billion initiatives for 12 new major desalination projects across the strategic zones encompassing Al Ahsa, Qatif, Al Khobar, Dammam, and Jubail.
In recent years, there has been a growing focus and proliferation among leading research institutes worldwide towards developing advanced membrane materials with enhanced selectivity and higher durability that help to increase the overall efficiency of reverse osmosis systems and other membrane-based desalination processes while reducing energy consumption and leading to greater emphasis for the technology.
There is a continuous increase in the number of desalination technologies being introduced into the market that offer significantly improved and enhanced capabilities and features and are gaining popularity and traction as an effective and competitive alternative to RO and various other applications of reject brine.
Polaris Market Research has segmented the desalination technologies market report based on technology, application, and region: