The increasing requirement of desalination of sea water due to increasing water demand is driving the global water desalination equipment market at a faster rate.
The growth of the water desalination equipment market is subsidized by the increasing concerns over the scarcity water due to rapidly growing population, industrial development and pollution. Also fast improving living standards in the developing regions are demanding cleaner water, subsequently driving the advancements in the desalination technologies.
Desalination equipment facilitates desalination process that parts the dissolved salts and other minerals from seawater or other salinized water. The major advantage of desalinised water is that it can deliver high quality water for consumption purpose even at the time of droughts ultimately increasing the overall supply.
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The emerging water desalination equipment market has been experiencing a phase of new product development and technological advancements due to greater demand. The manufacturing companies are raising their respective market share with increased R&D activities.
Water Desalination Equipment Market: Drivers & Restraints
Some of the major factors subsidizing the growth of water desalination market are increasing rate of technological developments, lack of alternative to the process of desalination, increasing urbanization and rising standard of living of the population. On the other hand the scarcity of fresh water are convincing the government to increase the investment in the enhancement of desalination capacities to meet the water demand.
The major restraint in the desalination equipment market is the investment and operation cost involved in the desalination process. Also, with the increasing competition in the market due to new entrants and relatively mature and similar technologies offered by the OEM’s are intensifying the competition and making it price based. Thus the companies’ are needed to grow their organizational efficiency and develop strategic sourcing of components required to manufacture desalination equipment so as to be at a competitive edge. Better management of risk factors and associated costs are required.
Water Desalination Equipment Market: Segmentation
By application the water desalination equipment market is segmented as follows:
- Others (hospitality etc.)
By technologies, the water desalination equipment market is segmented as follows:
- Reverse Osmosis
- Multi Stage Flash
- Vapour Compression
- Multi Effect Distillation
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Water Desalination Equipment Market: Region-wise Outlook
The global water desalination equipmentmarket is expected to register a favourable growth for the forecast period, 2015?2025. Middle-East is projected to endure its control on the global water desalination equipmentmarket followed by North America and Europe. The key countries in the Middle-East are projected to be GCC (Gulf Cooperation Council) and Algeria as an outcome of practicing desalination for long specially in GCC countries.
Water Desalination Equipment Market: Key Players
Some of the key players in the desalination equipment market are General Electric, Doosan Heavy Industries and Co, Acciona SA, Genesis Water Technologies, Koch Membrane Systems, Degremont Sas, IDE Technologies, Hyflux Ltd, Biwater, and Cadagua
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