Seawater and Brackish Water Desalination
- The 2010 market value for desalination plant equipment is estimated at $2.9 billion, rising at a compound annual growth rate (CAGR) of 13.8%. By 2015, the total global market worth is expected to reach $5.5 billion.
- Sales of reverse osmosis (RO) equipment currently account for nearly 95%, or $1.4 billion, of the 2010 membrane-based desalination market. Globally, RO is forecast to grow at a compound annual growth rate (CAGR) of 17.5% for desalination applications over the next 5 years to reach a value of nearly $3.2 billion in 2015.
- Thermal desalination methods have been losing market share to RO for the past several years, a trend that is expected to continue. The market for thermal-based desalination equipment is estimated to reach nearly $1.4 billion by the end of 2010 and rise at a compound annual growth rate (CAGR) of 9.7% to reach $2.2 billion in 2015.
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- The global market for seawater and brackish water desalination plants increased from $1.7 billion in 2005 to $1.9 billion in 2007. It should reach $3.7 billion by 2012, a compound annual growth rate (CAGR) of 13.7%.
- There are more than 24,000,000 M3/day of desalination capacity on the global drawing board, slated for construction in the next 5 to 10 years.
- Water stress and shortage are the primary factors driving the market for desalination technology.