Marine Water Desalination Global Market Report 2024

The marine water desalination market size has grown rapidly in recent years. It will grow from $25.73 billion in 2023 to $30.1 billion in 2024 at a compound annual growth rate (CAGR) of 17%. The growth observed in the historical period can be attributed to factors such as the expanding global population, rapid urbanization and industrialization, a heightened adoption of renewable energy sources, growing water scarcity in coastal regions, environmental regulations that encourage the utilization of desalination as a sustainable water supply solution, and the increased adoption of renewable energy sources.

The marine water desalination market size is expected to see rapid growth in the next few years. It will grow to $52.8 billion in 2028 at a compound annual growth rate (CAGR) of 15.1%. The anticipated growth in the forecast period can be attributed to the rising demand for fresh water, a growing need for water in regions facing water scarcity, the integration of desalination plants with other water treatment processes, the global population increase leading to heightened demand for freshwater, and the escalating investments in desalination infrastructure by both governments and private sectors. Key trends projected for the forecast period include technological advancements, the adoption of advanced membrane technologies, an increased focus on decentralized desalination systems, innovations in water storage and distribution infrastructure, and new product innovations.

The marine water desalination market is poised for growth, driven by the increasing demand for fresh water. Addressing fresh water scarcity requires sustainable water management practices, conservation efforts, and collaborative initiatives to ensure equitable access. Marine water desalination plays a crucial role in mitigating fresh water scarcity by converting seawater or brackish water into potable water through processes such as reverse osmosis or distillation. This provides a reliable source of clean water for various uses. According to a report by the Parks and Recreation business in September 2023, global annual freshwater usage exceeds 4 trillion cubic meters, with consumption surpassing 2,002 trillion cubic meters as of 2022. Water demand is projected to rise by 20 to 30 percent by 2050. Consequently, the increased demand for fresh water is a key driver behind the growth of the marine water desalination market.

Leading companies in the marine water desalination market are focusing on developing innovative technologies, such as desalination systems that can produce freshwater from seawater at a lower cost than tap water. Desalination involves the removal of salt and minerals from saline water, making it suitable for human consumption or irrigation. In September 2023, engineers at the Massachusetts Institute of Technology (MIT) Corporation launched a solar-powered desalination device. This passive solar-powered system utilizes multiple layers of flat solar evaporators and condensers lined up in a vertical array and topped with transparent aerogel insulation. The system employs natural convection to drive the desalination process, preventing salt accumulation and enabling high-performance and reliable operation, even under extreme conditions. These innovations have the potential to address water scarcity in developing countries and offer a sustainable and cost-effective solution for freshwater production.

In October 2023, BW Group Limited, a US-based shipping company specializing in floating gas infrastructure, deep-water oil, and gas production, successfully acquired Safbon Water Technology Inc. for an undisclosed amount. The acquisition is aimed at strengthening BW Water's position in the water and wastewater treatment industry, particularly in the Americas. This strategic move will open new markets with desalination competencies in Asia and integrate Safbon Water Technology under the BW Water brand. Safbon Water Technology Inc. is a US-based company specializing in designing and supplying seawater reverse osmosis (SWRO) systems, brackish reverse osmosis (BWRO) systems, and nanofiltration (NF) systems for desalination applications.

Major companies operating in the marine water desalination market are Dow Chemicals, Veolia Environnement S.A, Mitsubishi Chemical Corporation, Toray Industries, SUEZ, Acciona S.A., DuPont Chemicals, Xylem, KSB Group, Zhuhai Jianghe Seawater Treatment Technology, AMI, Biwater Holdings Limited, GE Water And Process Technologies, Aquatech International LLC, Koch Membrane Systems, Hyflux Ltd., Hydranautics, IDE Technologies, Hatenboer Water, Kysearo SWRO Systems, Doosan Heavy Industries & Construction, Poseidon Water, Genesis Water Technologies, Zhuhai Wangyang Water Treatment Equipment, Dow Water & Process Solutions, Lenntech, Aqua FilSep Inc., Enwa Water Technology, Lifestream Water, Octo Marine.

Middle East was the largest region in the marine water desalination market in 2023. The regions covered in the marine water desalination market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the marine water desalination market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Marine water desalination is the method of extracting salt and minerals from seawater to generate fresh water suitable for human consumption or other purposes. This procedure is crucial in areas facing water scarcity and is also integral for military operations.

The primary categories of marine water desalination include large tonnage systems and small tonnage systems. Large tonnage systems are commonly associated with industrial cooling applications, particularly in the realm of air conditioning and refrigeration. These systems employ various technologies, such as reverse osmosis (RO), thermal desalination, and others, catering to diverse marine applications such as navy vessels, passenger ships, yachts, and merchant ships.

The marine water desalination market research report is one of a series of new reports that provides marine water desalination market statistics, including marine water desalination industry global market size, regional shares, competitors with a marine water desalination market share, detailed marine water desalination market segments, market trends and opportunities, and any further data you may need to thrive in the marine water desalination industry. This marine water desalination market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The marine water desalination market consists of revenues earned by entities by providing services such as desalination plant design and engineering, construction and installation, desalination technology, monitoring and control systems, and water quality testing and analysis. The market value includes the value of related goods sold by the service provider or included within the service offering. The marine water desalination market also includes sales of pumps, membrane modules, pressure vessels, pre-treatment filters, energy recovery devices, and monitoring and control systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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