The global water desalination market is projected to reach $33.38 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.93% from 2023 to 2030. This surge is driven by rising demand for clean water due to population growth, expanding industrial needs, and increasing water scarcity worldwide.
Key highlights include:
- The market was valued at $15.33 billion in 2021.
- By 2030, demand for fresh water is expected to outpace supply by about 40%, making desalination a critical solution.
- The Middle East and Africa are leading regions, heavily reliant on desalination due to chronic water shortages and arid climates.
- Seawater desalination accounts for about 30–35% of the market, with membrane technologies (like reverse osmosis) dominating.
- Over 300 million people globally depend on desalination plants for their water supply.
- Major industry players include Veolia Group, Suez Group, Acciona, Biwater Holdings, Aquatech International, IDE Technologies, and Doosan Heavy Industries.
The industrial sector is expected to be the fastest-growing segment, as more companies invest in water reuse and treatment to support production. Technological advancements and government initiatives are further accelerating market growth, especially in regions facing acute water shortages
(Source: Open PR)