Solar Water Desalination Plant Market Size

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.