Overview and Scope
A solar water desalination plant is a facility that uses solar energy to remove salt and other impurities from seawater or other saline sources, making it suitable for human consumption, agricultural use, or industrial purposes. These plants are used to provide a sustainable and environmentally responsible solution to water scarcity challenges by using renewable solar energy to create fresh water from saltwater sources.
Sizing and Forecast
The solar water desalination plant market size has grown strongly in recent years. It will grow from $2.61 billion in 2023 to $2.85 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to increasing Agriculture Industry, increasing global water scarcity and demand for freshwater resources, rising population and urbanization leading to higher water consumption, soaring need of fresh water across the world, and increased utilization of solar energy.
The solar water desalination plant market size is expected to see strong growth in the next few years. It will grow to $3.83 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to rising water scarcity and freshwater demand, growing concerns about environmental sustainability and the need to reduce greenhouse gas emissions, intermittent energy source, rising environmental pollution, growing adoption of green energy. Major trends in the forecast period include technological advancements, advancements in solar technology, the growing adoption of smart technologies in solar water heaters, integration of solar desalination with energy storage solutions for continuous operation, research and development for enhancing solar desalination efficiency and scalability.
To access more details regarding this report, visit the link: https://www.thebusinessresearchcompany.com/report/solar-water-desalination-plant-global-market-report
Segmentation & Regional Insights
The solar water desalination plant market covered in this report is segmented –
1) By Membrane Process: Solar-powered Reverse Osmosis, Nano Filtration, Electro-dialysis and Electro-dialysis Reversal, Membrane Distillation, Other Membrane Processes
2) By Desalination Method: Solar-powered Humidification-Dehumidification (HDH), Solar Diffusion Driven, Concentrated Solar Power (CSP)-Based, Solar Pond
3) By Plant Capacity: Small (Below 1 MLD), Medium (1 MLD – 10 MLD), Large (Above 10 MLD)
4) By End-use Industry: Industrial, Agriculture, Residential, Commercial, Municipal
Asia-Pacific was the largest region in the solar water desalination plant market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the solar water desalination plant market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on sample copy of the report: https://www.thebusinessresearchcompany.com/sample_request?id=14503&type=smp
Major Driver Impacting Market Growth
The rising water scarcity and freshwater demand are expected to propel the growth of the solar water desalination plant market going forward. Water scarcity and freshwater demand are increasing due to population growth, urbanization, climate change, water pollution, inefficient water use, economic development, and a lack of infrastructure. Solar water desalination plants help alleviate water scarcity and meet freshwater demand by using renewable solar energy to convert seawater into fresh water, providing a sustainable and reliable water supply in areas with limited access to freshwater sources. For instance, in March 2023, according to the United Nations, a US-based intergovernmental organization, close to 1 billion urban residents worldwide currently experience water scarcity, and the figure is expected to rise to between 1.7 billion and 2.4 billion in the next 30 years, or in 2050. Therefore, rising water scarcity and freshwater demand are driving the growth of the solar water desalination plant market.
Key Industry Players
Major companies operating in the solar water desalination plant market are TotalEnergies SE, Tesla Inc., Toray Industries Inc., Acciona S.A., Suez SA, Andritz AG, OMya International AG, Abengoa S.A., Waaree Energies Ltd., Photon Energy Systems Limited, Hyflux Ltd., AMP Energy, IDE Technologies, Sterlitech Corporation, Avista tech, LG Water Solutions, Solar Spring GmbH, Trunz Water Systems AG, Sinovoltaics Group, Technol Protoroz d o o, Vontron Membrane Technology, Aquatech International LLC, Desolenator Labs, Elemental Water Makers B.V., F Cubed Limited, Solar Water Solutions Ltd., Solaropia
The solar water desalination plant market report table of contents includes:
1. Executive Summary
………..
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Overview and Scope Self-checkout systems refer to automated machines that allow customers to scan and…
Overview and Scope Self healing network refers to a network architecture or system that can…
Overview and Scope Organ transplant immunosuppressant drugs are medications used to suppress the immune system…
Overview and Scope Powered air-purifying respirators (PAPR) are respirators that shield the wearer by filtering…
Overview and Scope Selective laser sintering (SLS) refer to the additive manufacturing (AM) process to…
Overview and Scope Pediatric interventional cardiology refers to procedures that use cardiac catheterization in children…