Market Forecast by Countries (United States, Canada), By Technology (Reverse Osmosis, Multi-Stage Flash (MSF) Distillation, Multi-Effect Distillation (MED), Others), By Source (Seawater, Brackish water, River water, Others), By Application (Municipal, Industrial, Others) And Competitive Landscape
Product Code: ETC075438 | Publication Date: Aug 2021 | Updated Date: Aug 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | North America Water Desalination Equipment Market |
Forecast period | 2024-2030 |
CAGR | 7.2% |
Growing Sector | Water Desalination |
The North America Water Desalination Equipment Market report extensively covers the market by Countries, Technology, Source, and Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
The North America water desalination equipment market is expected to witness significant growth during the forecast period. The market is primarily driven by the growing need for alternative sources of freshwater due to increasing water scarcity and population growth.
According to 6Wresearch, the North America Water Desalination Equipment Market is projected to grow at a CAGR of 7.2% during the forecast period. One of the major drivers for the North America Water Desalination Equipment Market is the growing need for alternative sources of freshwater. With increasing population and industrialization, traditional sources of freshwater are becoming scarce, leading to a rise in demand for desalination technology. Additionally, government initiatives towards sustainable water management practices and regulations promoting the use of desalinated water are also contributing to market growth. Moreover, advancements in desalination technology such as membrane-based processes, reverse osmosis, and solar-powered plants are further boosting the growth of this market.
Despite the growth opportunities, the North America Water Desalination Equipment Market also faces some challenges. One of the major challenges is the high initial investment required for setting up a desalination plant. The cost of building and operating a desalination plant can be significantly higher than traditional water treatment methods. This can deter potential investors and limit market growth. Furthermore, issues such as brine disposal and environmental concerns surrounding desalination plants can also pose challenges to the market. Proper disposal of brine is crucial to avoid harm to marine life and ecosystems, which has led to stricter regulations in some regions.
Some of the leading players in the market include GE Water & Process Technologies, Koch Membrane Systems Inc., Doosan Heavy Industries & Construction Co. Ltd., Aquatech International LLC, Acciona SA, Hyflux Ltd., IDE Technologies, and others. These companies are focusing on strategies such as partnerships, collaborations, and product innovations to strengthen their market presence. Currently, Koch Membrane Systems Inc. holds the largest share in the market.
Governments in North America have been actively promoting the use of desalination technology to address water scarcity issues. The United States Environmental Protection Agency (EPA) announced a $2.3 million grant program for research on innovative water reuse and recycling projects, including desalination methods. Moreover, federal governments in Canada and Mexico have also implemented regulations and policies to encourage investment in water desalination projects.
North America Water Desalination Equipment Market is expected to witness continued growth due to factors such as increasing population, water scarcity issues, and government initiatives towards sustainable water management practices. The market is also expected to see advancements in desalination technology, making it more cost-effective and environmentally friendly. Furthermore, with rising concerns about climate change and its impact on freshwater resources, the demand for alternative water sources like desalination is expected to increase.
According to Dhaval, Research Manager, 6Wresearch, The United States accounts for the majority share in the North America Water Desalination Equipment Market.
Reverse Osmosis is expected to hold the dominant share in the North America Water Desalination Equipment market.
Seawater is anticipated to hold the dominant share in the North America Water Desalination Equipment market.
The Municipal segment is anticipated to hold the dominant share in the North America Water Desalination Equipment market.
The market study offers an exhaustive analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Water Desalination Equipment Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Water Desalination Equipment Market Revenues & Volume, 2020 & 2030F |
3.3 North America Water Desalination Equipment Market - Industry Life Cycle |
3.4 North America Water Desalination Equipment Market - Porter's Five Forces |
3.5 North America Water Desalination Equipment Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 North America Water Desalination Equipment Market Revenues & Volume Share, By Technology, 2020 & 2030F |
3.7 North America Water Desalination Equipment Market Revenues & Volume Share, By Source, 2020 & 2030F |
3.8 North America Water Desalination Equipment Market Revenues & Volume Share, By Form, 2020 & 2030F |
4 North America Water Desalination Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Water Desalination Equipment Market Trends |
6 North America Water Desalination Equipment Market, 2020 - 2030 |
6.1 North America Water Desalination Equipment Market, Revenues & Volume, By Technology, 2020 - 2030 |
6.2 North America Water Desalination Equipment Market, Revenues & Volume, By Source, 2020 - 2030 |
6.3 North America Water Desalination Equipment Market, Revenues & Volume, By Application, 2020 - 2030 |
7 United States Water Desalination Equipment Market, 2020 - 2030 |
7.1 United States Water Desalination Equipment Market, Revenues & Volume, By Technology, 2020 - 2030 |
7.2 United States Water Desalination Equipment Market, Revenues & Volume, By Source, 2020 - 2030 |
7.3 United States Water Desalination Equipment Market, Revenues & Volume, By Application, 2020 - 2030 |
8 Canada Water Desalination Equipment Market, 2020 - 2030 |
8.1 Canada Water Desalination Equipment Market, Revenues & Volume, By Technology, 2020 - 2030 |
8.2 Canada Water Desalination Equipment Market, Revenues & Volume, By Source, 2020 - 2030 |
8.3 Canada Water Desalination Equipment Market, Revenues & Volume, By Application, 2020 - 2030 |
9 North America Water Desalination Equipment Market Key Performance Indicators |
10 North America Water Desalination Equipment Market - Opportunity Assessment |
10.1 North America Water Desalination Equipment Market Opportunity Assessment, By Countries, 2020 & 2030F |
10.2 North America Water Desalination Equipment Market Opportunity Assessment, By Technology, 2020 & 2030F |
10.3 North America Water Desalination Equipment Market Opportunity Assessment, By Source, 2020 & 2030F |
10.4 North America Water Desalination Equipment Market Opportunity Assessment, By Application, 2020 & 2030F |
11 North America Water Desalination Equipment Market - Competitive Landscape |
11.1 North America Water Desalination Equipment Market Revenue Share, By Companies, 2023 |
11.2 North America Water Desalination Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |