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.
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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.
- 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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