Desalinators Market Growth, Trends and Forecasts by 2023
17th May 2019 - The Global Desalinators
Market is expected to display higher growth rate over the next five
years. Rapid surge in the market is credited to the rising consumable water
demand and depleting freshwater bodies. Other factors such as ever-growing
population and rapid industrialization are expected to drive market demand for
water desalinators over the coming years.
Globally, market is predicted to
generate massive revenue over next five years, providing numerous opportunities
for industry participants to invest in research and development of desalinator
market.
The
recent technological advancement in water treatment sector and development of
innovative products such as membrane systems, pumps and evaporators are
predicted to offer several growth prospects for industry participants over the
forecast period. In addition, rising awareness among general population
associated with water conservation is expected to play a major role in future
market growth. Stringent laws & regulation by government authorities
related to water treatment is anticipated to fuel industry demand in the
upcoming years
.
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Additionally,
use of recycled wastewater for landscaping and irrigation is expected to
positively impact market performance. Growing adoption of water desalinators
from the Middle East & Africa region on account of the high supply-demand
gap of potable water is propelling market demand as well. Water desalinators
are used to remove mineral components from saline water. Water desalinators are
typically used for soil treatment, in which salts and minerals are separated
from a target substance.
Saltwater
is desalinated to produce water suitable for human consumption or irrigation.
Salt is a by-product of desalination. Desalination is used on many ships and
submarines. Development of reverse osmosis, which is water desalination
technology, is used prominently on a global-scale because of its
self-sufficiency and independence from the use of fossil fuels for its operations.
The
desalinator market is broadly categorized into three major segments based on
the application type such as municipal, industrial and commercial sector.
Municipal segment is growing rapidly in the market with substantial revenue
generation in the last few years.
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The market is divided by region
as North America, Europe, Asia-Pacific, Latin America and Africa. North America
has shown major growth in recent years owing to the rise in the implementation
of latest technologies in water treatment, surge in number of research &
development activities in the region and existence of well-established
industrial infrastructure. In European region, Germany, France, and United
Kingdom are projected to witness steady growth.
Asia-Pacific region is estimated
to hold major share in the desalinators market with massive growth in forecast
period. Countries such as India, China and Singapore are leading the
Asia-Pacific market with rapid industrialization, lack of consumable water,
depleting water bodies, ever-growing population, and significant investment by
leading industry players considering potential growth opportunities in the
region.
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