The "Global Water Desalination Equipment Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Technology, Source Application, Region" report has been added to ResearchAndMarkets.com's offering.
According to this analysis, the Global Water Desalination Equipment Market was valued at ~US$ 7 billion in 2017. It is estimated to be ~US$ 10 billion in 2022 and is expected to reach a market size of ~US$ 16 billion by 2028 growing with a CAGR of ~8% during 2022 to 2028.
The global market for water desalination equipment is expanding owing to water scarcity which means the lack of freshwater resources to provide the regular demand for water consumption for public use.
According to United Nations, around 700 million people from more than 43 countries all around the globe are affected by water scarcity.
Environmental issues due to Brine Discharge, which is a remnant of a successful desalination process is one of the biggest challenge faced by the global desalination equipment market.
As the installation cost of the brine treatment system is significantly high, thus companies prefer to directly dump the brine back into the sea, which negatively affects the marine flora and fauna.