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Global water desalination market: 10% CAGR between 2012-2016

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Global Water Desalination Market 2012-2016 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-05 09:30:04
The Global Water Desalination market is to grow at a CAGR of 9.51 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need for safe water. The Global Water Desalination market has also been witnessing increased governmental initiatives in the Water industry. However, the possibility of water desalination putting the ocean ecosystem at risk could pose a challenge to the growth of this market.

Industrialization refers to the changes in the social and economic structure of a society which generally transform an agrarian-based society into an industrial society. This process leads to the modernization of social and economic life, which in turn results in the larger scale production of various goods. Moreover, industrialization leads to an increase in the usage of water, mainly because of the increase in the standard of living and production of goods. Since there is not enough water to meet these demands, it becomes necessary to reuse and recycle water for use by the public. This requirement has led to an increase in the demand for water desalination.

The demand for water treatment in developing countries is one of the major drivers in the Global Water Desalination market. Many people in various developing regions such as in the APAC region, the Middle East, and Africa are denied access to potable water. Further, the incapability of various developing countries such as China and India to treat water and to ensure a safe supply due to various factors such as increased costs is another factor driving the growth of this market.

The key vendors dominating this space are Acciona S.A., Abengoa S.A., Danfoss A/S, and GE Infrastructure Water and Process Technologies Inc.

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