Marine Water Desalination Market Poised for Rapid Growth, Expected to Reach $52.80 Billion by 2028
Marine Water Desalination Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company’s Marine Water Desalination Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LONDON, GREATER LONDON, UK, June 25, 2024 /EINPresswire.com/ -- The marine water desalination market1 is projected to grow from $25.73 billion in 2023 to $30.10 billion in 2024, at a CAGR of 17.0%. Despite challenges from the global economic environment, the market is anticipated to reach $52.80 billion by 2028, driven by the increasing demand for freshwater, particularly in water-stressed regions and coastal areas.
Increasing Demand for Fresh Water Drives Market Growth
The rising demand for fresh water is a significant factor contributing to the growth of the marine water desalination market. Marine water desalination processes, such as reverse osmosis and distillation, provide reliable sources of potable water from seawater or brackish water. According to a Parks and Recreation business report, global annual freshwater usage exceeds 4 trillion cubic meters, with consumption surpassing 2,002 trillion cubic meters as of 2022. Water demand is projected to rise by 20 to 30 percent by 2050, emphasizing the need for sustainable water management solutions like desalination.
Explore comprehensive insights into the marine water desalination market with a detailed sample report: https://www.thebusinessresearchcompany.com/sample_request?id=14424&type=smp
Major Players and Market Trends
Key players such as Dow Chemicals, Veolia Environnement S.A, and Mitsubishi Chemical Corporation are driving innovation in desalination technologies. The Massachusetts Institute of Technology (MIT) engineers recently launched a solar-powered desalination device, demonstrating significant advancements in the field. This passive solar-powered system uses multiple layers of flat solar evaporators and condensers, avoiding salt-clogging issues and ensuring high performance even under extreme conditions.
Marine Water Desalination Market Segments2:
• Type: Large Tonnage Systems, Small Tonnage Systems
• Technology: Reverse Osmosis (RO), Thermal Desalination, Other Technologies
• Application: Navy Application Ships, Passengers Ships, Yachts, Merchant Ships
Geographical Insights: Middle East Leading the Market
The Middle East was the largest region in the marine water desalination market in 2023, driven by the region's acute water scarcity and significant investments in desalination infrastructure. The report covers other regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, and Africa, providing detailed insights into regional dynamics, market trends, and growth opportunities.
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Marine Water Desalination Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Marine Water Desalination Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on marine water desalination market size, marine water desalination market drivers and trends, marine water desalination market major players, competitors' revenues, market positioning, and market growth across geographies. The marine water desalination market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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