By 2028 Global Water Desalination Equipment Market will reach 16 billion $
A new research has been added to Research And Markets.com’s collection titled “Global Water Desalination Equipment Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Technology, Source Application, Region.”
This report estimates that the Global Water Desalination Equipment Market has a 2017 market value of about US$ 7 billion. It is projected to be worth $10 billion in 2022 and to increase at an 8% CAGR from 2022 to 2028 to reach a market value of US$16 billion.
Water scarcity affects 700 million people
Water scarcity, or the shortage of freshwater resources to meet the regular demand for water consumption for public use, is driving growth in the global market for water desalination technology.
The United Nations estimates that water scarcity affects 700 million people in more than 43 nations worldwide.
One of the main difficulties the global desalination equipment market faces is environmental issues brought on by brine discharge, a byproduct of a successful desalination process.
Since installing a brine treatment system is quite expensive, businesses often choose to just dump brine back into the water, harming the marine flora and animals.
Source: Research and markets
