2014-01-22 23:54:01 - Seawater and Brackish Water Desalination - a new market research report on companiesandmarkets.com
The global brackish water desalination market is projected to exceed $4.1 billion in 2013. The industry is then forecast to reach nearly $7.2 billion by the end of 2018, and register a compound annual growth rate (CAGR) of 11.9%.
Growing populations, increased demand for water by individuals and industry, and diminishing freshwater sources as a result of environmental degradation and drought have created water shortages across the world. Water treatment has become an area of global concern as individuals, communities, industries, countries, and their national institutions strive for ways to keep this essential resource available and suitable for use.
During the past three decades, desalination systems have emerged as effective solutions for transforming saline, brackish, and contaminated water into useable and potable
products. Two major process types âthermal (distillation) and membrane-based are employed for desalting saline water. During the past decade, technical improvements in membrane-based reverse osmosis (RO) desalination have increased the energy efficiency of the desalination process and reduced RO operating costs. Experts estimate that advances in membrane technology and the development of energy recovery devices, coupled with the co-location of RO plants with power-generating facilities have resulted in a 80% cost reduction.
Because of the potentially unlimited availability of seawater, numerous efforts have been made to develop inexpensive and effective desalting technologies for converting saline water into freshwater. Currently, less than 1% of the world´s water supply is produced through desalination, which entails the removal of salts from a saline source. Globally, the capacity for desalination has more than doubled in the past five years, and is slated to increase at nearly the same rate over the next five years.
Technical advances in the processes and parallel price drops have made desalination affordable for countries that were previously unable to consider the possibility. This has created a robust and rapidly growing market with many projects and corporate developments.
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