Global Solar Water Desalination Plant Market Outlook 2031

The global solar water desalination plant market is likely to grow at a CAGR of 10.49% over the forecast period i.e. 2022-2031. The market generated a revenue of around USD 2,100 Million at the end of 2021 and is likely to produce revenue worth of nearly USD 5700 Million by the end of 2031. The market growth is primarily driven by shortage of fresh water across the world and rising awareness of solar energy benefits. Furthermore, innovation of desalination system technology followed by government efforts in developing solar powered desalination systems is expected to boost the market growth.

The global solar water desalination plant market is segmented by membrane process, method, and by application. On the basis of application market is further fragmented into industrial, agriculture, municipal, and commercial. The municipal segment is anticipated to garner the highest revenue of about USD 2,000 million by the end of 2031. The municipal segment is to grow at a rate of 10.26% CAGR over the forecast period. The segment collected a revenue of nearly USD 800 million in 2021.

On the basis of region, the global solar water desalination plant market is analyzed by the markets of North America, Europe, Latin America, Asia-Pacific and Middle-east and Africa. The market in Middle East and Africa collected the highest revenue of nearly USD 700 million in 2021. By the end of 2031, it is estimated to garner a revenue of approximately USD 2,000 million, by growing at the CAGR of 11.83% over the forecast period.

Some of the prominent industry leaders in the global solar water desalination plant market that are included in our report are Boreal Light GmbH, Osmosun, Acciona, Fcubed SEA, Trunz Water Systems AG, Abengoa, Solar Water Solutions Ltd., Photon Energy Systems Limited, Elemental Water Makers B.V., SolarOpia and others.