Solar Water Desalination Plant Industry - Regional Synopsis
APAC Market Forecast
Asia Pacific industry is predicted to hold largest revenue share of 42% by 2037, impelled by rapid urbanization in the region. 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.
