COVID-19 Impacts: Global Desalination Market Will Accelerate at a CAGR of Almost 9% through 2020-2024 | Increase in Population and Rise in Demand for Consumable Water to Boost Growth | Technavio

Technavio has been monitoring the global desalination market size and it is poised to grow by USD 8.07 billion during 2020-2024, progressing at a CAGR of almost 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Desalination Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request the Latest Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

• What was the value of the desalination market in 2019?
  
  Technavio says that the value of market was at USD 15.60 billion in 2019 and is projected to reach USD 23.67 billion by 2024.
• At what rate is the market projected to grow during the forecast period 2020-2024?
  
  Growing at a CAGR of almost 9%, the market growth will accelerate in the forecast period of 2020-2024.
• What is the key factor driving the market?
  
  An increase in population and the rise in demand for consumable water have been instrumental in driving the growth of the market.
• Who are the top players in the market?
  
  Acciona SA, Asahi Kasei Corp., Doosan Heavy Industries & Construction Co. Ltd., DuPont de Nemours Inc., Hyflux Ltd., IDE Technologies, Kurita Water Industries Ltd., Mitsubishi Heavy Industries Ltd., SUEZ SA, and Veolia Environnement Group are some of the major market participants.
• Which region is expected to hold the highest market share in the market?
  
  MEA region
• What is a major trend in the desalination market?
  
  An increase in demand for membrane technology is one of the key desalination market trends.
• Based on segmentation by technology, which segment is expected to witness the fastest growth in the global market?
  
  Membrane technology is expected to grow at a faster rate during the forecast period.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Acciona SA, Asahi Kasei Corp., Doosan Heavy Industries & Construction Co. Ltd., DuPont de Nemours Inc., Hyflux Ltd., IDE Technologies, Kurita Water Industries Ltd., Mitsubishi Heavy Industries Ltd., SUEZ SA, and Veolia Environnement Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The increase in population and the rise in demand for consumable water have been instrumental in driving the growth of the market. However, the need for high initial investments in desalination plants might hamper the market growth.

Desalination Market 2020-2024: Segmentation

Desalination Market is segmented as below:

• Technology
  • Membrane
  • Thermal
• Geography
  • MEA
  • APAC
  • North America
  • Europe
  • South America

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Desalination Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our desalination market report covers the following areas:

• Desalination Market size
• Desalination Market trends
• Desalination Market industry analysis

This study identifies the increase in demand for membrane technology as one of the prime reasons driving the desalination market growth during the next few years.

Desalination Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the desalination market, including some of the vendors such as Acciona SA, Asahi Kasei Corp., Doosan Heavy Industries & Construction Co. Ltd., DuPont de Nemours Inc., Hyflux Ltd., IDE Technologies, Kurita Water Industries Ltd., Mitsubishi Heavy Industries Ltd., SUEZ SA, and Veolia Environnement Group. Backed with competitive intelligence and benchmarking, our research reports on the desalination market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Desalination Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist desalination market growth during the next five years
• Estimation of the desalination market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the desalination market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of desalination market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Technology

• Market segments
• Comparison by Technology
• Membrane - Market size and forecast 2019-2024
• Thermal - Market size and forecast 2019-2024
• Market opportunity by Technology

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• MEA - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Acciona SA
• Asahi Kasei Corp.
• Doosan Heavy Industries & Construction Co. Ltd.
• DuPont de Nemours Inc.
• Hyflux Ltd.
• IDE Technologies
• Kurita Water Industries Ltd.
• Mitsubishi Heavy Industries Ltd.
• SUEZ SA
• Veolia Environnement Group

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200727005245/en/