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Solar Water Desalination Plant Market Strategies 2024-2033 | Insights, Demand, Outlook
Solar Water Desalination Plant Market
As per the report, 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 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%.
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Role Of Solar Water Desalination Plants In Addressing Rising Water Scarcity And Freshwater Demand
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.
Innovative Solar-Powered Desalination Technologies Revolutionize Freshwater Production
Major companies operating in the solar water desalination plant market are developing innovative technologies and systems having higher water-production rate and a higher salt-rejection rate to maximize their profits in the market. Higher water-production rates indicate greater efficiency and productivity, while high salt-rejection rates imply lower concentrations of residual salts in the treated water. For instance, in September 2023, Massachusetts Institute of Technology (MIT) Corporation, a US-based research university, launched a solar-powered desalination device, a completely passive solar-powered desalination system that uses multiple layers of flat solar evaporators and condensers lined up in a vertical array and topped with transparent aerogel insulation. This system avoids salt-clogging issues by using natural convection to drive the desalination process, which prevents salt accumulation and allows for high-performance and reliable operation, even under extreme conditions. These innovations in solar desalination technology have the potential to address water scarcity in developing countries and provide a more sustainable and cost-effective solution for producing freshwater.
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
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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
Contents of the report:
1. Executive Summary
2. Solar Water Desalination Plant Market Report Structure
3. Solar Water Desalination Plant Market Trends And Strategies
4. Solar Water Desalination Plant Market - Macro Economic Scenario
5. Solar Water Desalination Plant Market Size And Growth
…..
27. Solar Water Desalination Plant Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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