Solar Water Desalination Plant Market is expected to grow across the globe through 2028F
The increase in government
initatives is a significant factor driving the growth of the Global Solar Water
Desalination Plant Market during the forecast period of 2024-2028.
According to the TechSci
Research report, " Solar Water
Desalination Plant Market – Global Industry Size, Share, Trends, Competition,
Opportunity and Forecast, 2018-2028F," the Global Solar Water
Desalination Plant Market is anticipated to expand during the forecast period. Inadequate access to clean
drinking water is one of the significant factors driving the need for solar
water desalination plant for industries. According to UNICEF, four billion
people, which is almost two thirds of the world’s population, face severe water
scarcity for at least one month each year, and by 2040, approximately 1 in 4
children worldwide will be residing in areas of extremely high water stress. With
the lack of proper sanitation and clean water, there is an increase in water
borne diseases, particularly diarrhea which kills 2,195 children every day,
which is more than AIDS, malaria, and measles combined.
For water desalination,
particularly in offshore applications, solar light can be viewed as a new
energy source. The demand for freshwater for domestic and commercial use has
increased as a result of growing worries about climate change, carbon
emissions, the rapid growth of the human population, and water resource
contamination. During the forecast period, the market for solar water
desalination plants is anticipated to be driven by an increase in environmental
concerns and an increase in the use of clean energy alternatives. With this, the
government, industries, and people are adopting the solar water desalination
plants and eventually this will create a high growth potential for the global solar
water desalination plants market.
Some of the statistics are:
India has joined the group of countries that use PV to produce drinking water. Installation of a 10,000 litres per day solar-powered desalination plant at the Vivekananda Memorial in Kanyakumari, Tamil Nadu. The Indian Institute of Technology-Madras (IIT-M), and the Ministry of Earth Sciences funded the USD 175,000 experimental project.
The Water Technology Initiative, launched in August 2007, aims to support R&D activities aimed at supplying safe drinking water at reasonable costs and in sufficient quantities using appropriate science and technology interventions. The initiative entails the pilot testing of a number of products as well as the comparison of chosen technologies with the social environment of the application region.
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The Global
Solar Water Desalination Plant Market is segmented into equipment, industry, region, and competitive
landscape.
The market for
solar-powered reverse osmosis, membrane distillation, electro-dialysis and
electro-dialysis reversal, nano filtration, and other processes has been
divided based on the membrane process. During the course of the forecast
period, it is anticipated that the reverse osmosis market powered by solar
energy will experience a notably high revenue growth. Reverse osmosis powered
by solar energy is a process that naturally removes salt from water by passing
it through a membrane as it moves from one solution with a lower concentration
to one with a higher concentration. The segment's revenue growth is driven by
its attributes, including low installation costs, simplicity of use,
versatility in treating feed water, and low chemical usage.
According to
regional analysis, Asia-Pacific is expected to grow during the forecast period.
In the Asia-Pacific region, water desalination market is anticipated to grow at
a fastest rate Because of Increasing demand for desalinated water in emerging
economies has driven the growth in last couple of years where India is no
exception. Increasing population, industrialization, and demand for fresh water
has been driving India desalination market, which is all set to register a remarakble
CAGR for next five years. Global solar water desalination market is growing at
a much faster pace than anticipated initially. It is being estimated that Asia-Pacific
would act as a growth engine for global solar water desalination market in the coming
years.
Major
market players operating 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
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"Global Solar Water
Desalination Plant Market is expected to grow during the next five years as
market size has doubled in last three years. Some of the drivers for growing
desalination industry is enormous industrial and economic growth. The outlook
for the water desalination market seems very promising as water scarcity is
increasing. Government support has driven the industry and is expected to
continue," said Mr. Karan Chechi, Research Director with TechSci Research,
a research-based global management consulting firm.
"Solar
Water Desalination Plant Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028, Segmented By Membrane Process
(Ultrafiltration Systems, Vacuum Evaporation and Distillation, Reverse Osmosis
Systems, Paper Bed Filters, Solid Bowl Centrifuges, Tramp Oil Separators,
Vacuum Filters, and Others), By Method (Solar-powered Humidification-Dehumidification
(HDH) Desalination, Solar Diffusion Driven Desalination, Solar Membrane
Distillation, Concentrated Solar Power (CSP)- based Desalination, and Solar
Pond Desalination), By Industry (Industrial, Agriculture, Domestic, Municipal,
and Commercial), By Region,” has evaluated the
future growth potential of Global Solar Water Desalination Plant market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Global Solar Water Desalination Plant Market.
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