PUBLISHER: TechSci Research | PRODUCT CODE: 1348800
PUBLISHER: TechSci Research | PRODUCT CODE: 1348800
We offer 8 hour analyst time for an additional research. Please contact us for the details.
A solar water desalination plant converts sunlight into heat to produce potable water from saline water, brackish water, and wastewater via direct or indirect desalination. Water desalination can help to alleviate global concerns about climate change, carbon emissions, and freshwater contamination. Rising awareness about the benefits and properties of solar water desalination plants, such as technical simplicity, low maintenance requirements, cost-effectiveness, and ease of operation, is expected to drive market revenue growth over the forecast period.
Rising concerns about water stress levels, environmental degradation, and rising demand for fresh and clean water are key factors expected to drive market revenue growth over the forecast period. Rising demand for potable water, which is widely used for domestic and industrial purposes, is expected to drive revenue growth in the global solar water desalination plant market during the forecast period.
Market Overview | |
---|---|
Forecast Period | 2024-2028 |
Market Size 2022 | USD 2.37 Billion |
Market Size 2028 | USD 4.51 Billion |
CAGR (2023-2028) | 9.14% |
Fastest Growing Segment | Industrial |
Largest Market | North America |
Population and economic growth have led to an exponential increase in demand for water resources, with 36% of the world's population being in water-scarce areas. Therefore, the government is highly focused on solar water desalination plant from industries and manufacturing plants. Some of the government initiatives are:
The municipal industry has a high CAGR contribution to the solar water desalination plant. Due to urbanization and the resulting expansion of urban infrastructure, which has increased demand for resources such as water and electricity, the municipal segment is anticipated to experience a strong revenue growth rate over the forecast period. Water that is fit for human consumption is provided to the world's urban population by the municipal sector. Moreover, it is expected that the municipal sector will experience an increase in demand for solar water desalination plants due to the falling cost of desalinated water and the rising cost of surface water in urban areas.
High costs are required for setting up solar water desalination plant. Solar water desalination plant requires excessive sludge production, large energy, and high operational costs. Moreover, it demands specialized knowledge and abilities and before the desalination process, chemicals such as hydrogen peroxide, chlorine, and hydrochloric acid are used as byproducts. Environmental pollution results when these chemicals are discarded after they no longer have their intended purposes. Large amounts of brine are also flushed into the ocean or sea from saline water desalination plants. This brine contains chemicals such as anti-scaling agents from pre- and post-treatment in addition to concentrated salt. As a result, brine disposal is an issue that could slow the adoption rate of all desalination processes. A solar water desalination plant's installation is also very expensive and energy-intensive, making small-scale installations impractical. These are critical factors that could stymie global market growth.
The Global Solar Water Desalination Plant Market is divided on the basis of membrane process, method, industry, regional distribution, and competitive landscape. Based on membrane process, the market is further segmented into ultrafiltration systems, vacuum evaporation and distillation, reverse osmosis systems, paper bed filters, solid bowl centrifuges, tramp oil separators, vacuum filters, and others. On the basis of method, the market is further divided into solar-powered humidification-dehumidification (HDH) desalination, solar diffusion driven desalination, solar membrane distillation, concentrated solar power (CSP)- based desalination, and solar pond desalination. On the basis of industry, the market is further split into industrial, agriculture, domestic, municipal, and commercial.
The demand for clean water resources is fueling the market for Solar Water Desalination Plant Market and is expected to register a robust compound annual growth rate (CAGR) during the forecast period.
The major players in the Global Solar Water Desalination Plant market are Elemental Water Makers B.V., F Cubed Limited, Photon Energy Systems Limited, Sinovoltaics Group, Solar Water Solutions Ltd., Sterlitech Corporation, Trunz Water Systems AG, Waaree Energies Ltd., ACCIONA, Water Office, and many more.
In this report, the Global Solar Water Desalination Plant Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Global Solar Water Desalination Plant Market.
With the given market data, TechSci Research, offers customizations according to a company's specific needs. The following customization options are available for the report: