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Solar Water Desalination Plant Market Size

Report ID: GMI6709 Published Date: May 2024Report Format: PDF
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Solar Water Desalination Plant Market Size

Solar Water Desalination Plant Market was valued at USD 2.6 billion in 2023 and is anticipated to register a CAGR of 7.5% between 2024 and 2032, propelled by the combination of rising demand of freshwater due to rising global water scarcity. The growing demand for clean water in industries like agriculture, manufacturing, and textiles all depend on a constant supply of freshwater. Solar desalination offers a way to meet this demand in water-scarce regions.

 

Solar Water Desalination Plant Market

The technological advancements in solar water desalination plants helps in growth of demand which are cost effective and more efficient. Technological advancements such as, improved membranes, easy construction designs and usage of less components has further increased their usage. Moreover, increasing focus on water conservation and sustainability has motivated consumers to adopt solar water desalination plants, as these devices often include features that encourage efficient water use, helping to conserve a vital resource while being cost effective.

Solar water desalination plants require high initial capital costs including the cost of solar panels, desalination equipment, and infrastructure development in comparison to other conventional water treatment options. According to International Renewable Energy Agency (IRENA), the capital cost of solar desalination plants can range from USD 1,000 - 5,000 for per cubic meter of water produced, depending on factors such as plant capacity, technology used, and site-specific conditions. These high upfront costs can pose a significant challenge to investment and limit the scalability of solar desalination projects.

Author: Avinash Singh, Sunita Singh
Frequently Asked Question(FAQ) :

Why is the demand for solar thermal desalination growing?+

The solar thermal desalination segment in the solar water desalination plant industry generated USD 1.2 billion and is expected to reach USD 2 billion by 2032, as they often require less energy and hence are energy efficient.

What is the size of the solar water desalination plant market?+

The market valuation of the solar water desalination plant was reached USD 2.6 billion in 2023 and is anticipated to register 7.5% CAGR between 2024 and 2032, driven by the rising demand of freshwater due to growing global water scarcity.

How big is the North America solar water desalination plant industry?+

North America solar water desalination plant market held a share of 31.2% in 2023 and is expected to reach USD 1.4 billion by 2032, attributed to population growth and urbanization.

Who are the main contenders in solar water desalination plant market?+

SolarSpring GmbH, Aqua Green Engineering Co., Solar Water Solutions Inc., SolAqua Inc., SunDesal Systems Ltd., PureSun Desalination LLC, SolarDrops Technologies Ltd., AquaSun Innovations Pty Ltd., SolarClear Water Solutions Ltd., SunDrop Desalination Systems Inc., SolarStream Desalination LLC and AquaSolar Solutions Ltd.

Solar Water Desalination Plant Market Scope

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