Solar Water Desalination Plant Market size is poised to reach USD 7 Billion by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of solar water desalination plant was USD 3 Billion. The reason behind the growth is impelled by the growing shortage of water across the world. In many regions of the world, arid climates, rapid population growth, and urbanization have resulted in water scarcity.
For instance, more than 1 billion people will reside in regions with limited water supplies by 2025. Particularly, by 2050, there will be around 3 billion people living in metropolitan areas worldwide who will be affected by water scarcity, double from over 900 million in 2016.
The increasing research in desalination technology is believed to fuel the solar water desalination plant market growth. For instance, a group of Chinese and MIT researchers has found a solution known as a passive solar evaporation system to the issue of salt buildup without requiring any power source other than sunlight, the procedure might also be utilized to remediate contaminated wastewater.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
~8% |
Base Year Market Size (2023) |
~ USD 3 Billion |
Forecast Year Market Size (2036) |
~ USD 7 Billion |
Regional Scope |
|
Application (Industrial, Agriculture, Domestic, Commercial)
The industrial segment in the solar water desalination plant market is estimated to gain a robust revenue share of 40% in the coming years impelled by the growing utilization of water in several end-use industries. Water is essential to many critical operations in industries such as hydroelectric dams, manufacturing facilities, mineral and oil refineries, and thermoelectric power plants all over the world. Particularly, over 65% of the freshwater on Earth is used for agriculture. Moreover, In many industries, desalination is turning into a viable solution to meet the water demand and lessen the negative environmental effects of industrial wastewater. For instance, presently, more than 13,000 desalination facilities function globally, generating several billion gallons of water daily.
Process (Solar-powered Reverse Osmosis, Electro-dialysis and Electro-dialysis Reversal, Membrane Desalination, Nano Filtration)
The solar-powered reverse osmosis segment in the solar water desalination plant market is set to garner a notable share shortly. It has been demonstrated that photovoltaic-aided reverse osmosis (PV-RO) is an effective desalination method based on renewable energy that converts seawater into fresh (drinking) water. Reverse osmosis desalination systems are the least expensive method of producing freshwater worldwide, which makes them commonly used. Reverse osmosis desalination technologies are used extensively throughout the world as they provide a sustainable and green option to produce freshwater at the lowest cost.
Our in-depth analysis of the global solar water desalination plant market includes the following segments:
Process |
|
Desalination Method |
|
Application |
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APAC Market Forecast
The solar water desalination plant market in Asia Pacific is predicted to account for the largest share of 42% by 2036 impelled by rapid urbanization. For instance, In India, more than 451 million people live in urban areas, and this figure is increasing annually by around 2%. Particularly, by 2030, it is projected that over 350 million Indians will reside in cities. As a result, water supplies in many parts of the region are being stressed, which may drive the solar water desalination plant market growth. According to sources, a serious water risk will exist for more than 25 Indian cities by 2050.
In addition, the increase in government initiatives to provide affordable and safe drinking water is further expected to fuel market growth. In May 2023, the Indian Institute of Technology (IIT) announced a partnership with Israel to construct an "India-Israel Center of Water Technology" (CoWT) in Water Resources and use contemporary desalination facilities to meet India's water needs for agriculture and consumption.
Middle East and Africa Market Statistics
The Middle East and Africa solar water desalination plant market is estimated to be the second largest, during the forecast timeframe led by the high dependence on the desalination of ocean water to fulfill the water demand. Saudi Arabia is the biggest consumer of desalinated water. For instance, Saudi Arabia, which has the largest water desalination plant in the world at Al-Jubail plans to invest over USD 75 billion in related projects over the next ten years. Moreover, the abundance of sunlight in the region is anticipated to boost the solar water desalination plant market growth.
Author Credits: Dhruv Bhatia
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