United States Desalination Market, Size, Share, Growth | Forecast (2023 - 2028) | Renub Research
Renub Research has recently released a report titled "United States Desalination Market, Size, Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis" providing a detailed industry analysis that includes market share insights. The report provides insights into competitors, regional research, and current advancements in the market. The United States Desalination Market shall expand at a CAGR of approximately 8.30% from 2023 to 2028. Desalination removes salt and minerals from seawater or brackish water to produce fresh water used for human consumption, irrigation, or industrial purposes in regions where fresh water is scarce or contaminated.
Due to climate change, population growth, unsustainable water use, drought, and water scarcity have become prevalent in the United States, leading to water shortages in many regions and prompting the need for solutions such as desalination. Therefore, the U.S. government has allocated funding for desalination research and development through organizations like the Department of Energy, the Bureau of Reclamation, and the Department of Defence. Additionally, federal funding has been provided for desalination projects in regions facing water scarcity, while state and local governments and the private sector have also invested in desalination projects.
The United States (U.S.) population shall continue growing steadily. According to the Unites States (U.S.) Census Bureau, an estimated 334.2 million people live in the country as of 1stJanuary 2023, an increase of just under 0.5 percent, or 1.5 million people, since 2022. The growth and more people moving into urban areas have significantly increased the demand for freshwater for domestic and industrial use, adding to the United States desalination market. In addition, industrial activities such as manufacturing, energy production, and agriculture require vast amounts of water, further exacerbating the situation. This demand for freshwater has significantly strained existing water resources, leading to water scarcity in many regions of the country, particularly in the Southwest. Drought and climate change have further worsened the situation, creating an urgent need for alternative freshwater sources, such as desalination.
Reverse Osmosis (R.O.) has hegemony in the United States desalination market as it is Cost-effective and Energy Efficient
Reverse osmosis (R.O.) dominates the United States desalination market due to its mature technology, well-established supply chain, and high level of expertise in the industry. It is cost-effective and energy-efficient, with low energy consumption compared to other technologies, and requires less maintenance. In addition, R.O. effectively removes salt and other contaminants, producing high-quality water that meets drinking water standards. Advancements in R.O. technology have improved its performance and efficiency, further solidifying its position as the dominant desalination technology in the market.
Efficient Desalination Technologies drive the growth of the United States Industrial Desalination Market
The demand for freshwater in water-intensive industries, such as power generation, chemicals, and food and beverage, has driven the growth of the United States industrial desalination market. Cost-effective and efficient desalination technologies, government initiatives, and advancements in membrane technology have further boosted the United States desalination market's growth. Additionally, financing and investment opportunities have encouraged the development of new desalination projects in the industrial sector of the market.
Brackish water is a Cost-effective and Practical Water source making it a superior option in the United States Desalination Market
Brackish water is more readily available and easier to access than seawater, making it a more valuable water source for desalination in many regions of the United States. In addition, brackish water has lower salt concentrations than seawater, making desalination less energy-intensive. Moreover, brackish water can be desalinated to a level suitable for many industrial applications, making it a cost-effective and practical water source. Furthermore, advancements in membrane technology, such as improvements in reverse osmosis membranes, have made brackish water desalination more efficient and cost-effective, further solidifying its dominance in the United States desalination market.
Florida's Population Growth and Tourism Industry have increased water demand, leading to the search for alternative sources like desalination and contributing to developing the United States Desalination Market
Due to population growth, agriculture, and tourism, Florida's increasing demand for water has driven the state's desalination industry. With access to abundant seawater and brackish water and the state's vulnerability to the impacts of climate change, desalination has become a viable alternative water source. As a result, Florida has invested in desalination technology, with support from the state government, funding, and incentives for new projects. Additionally, advancements in reverse osmosis membrane technology have improved efficiency and reduced costs, further fueling the growth of the United States desalination industry.
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Competitive Landscape
Due to population rise, urbanization, and industrialization, the demand for desalinated water in the United States has increased, intensifying competition among desalination companies in the United States desalination market. In addition, technological advancements have spurred increased research and development for cost-effective and efficient solutions. As a result, U.S. government initiatives promoting desalination technology have created fierce competition for contracts and funding in the United States desalination market.
Furthermore, significant investment opportunities in the United States desalination industry have drawn new players, intensifying competition among existing companies. Veolia Environnement S.A., Doosan Enerbility Co. Ltd, Xylem, Ferrovial, S.A., DuPont, Wartsila, Danfoss, and DOW are the major companies present in the United States desalination market.
Market Summary:
- Technology- The Report covers United States Desalination Market by technology from 4 viewpoints (Reverse Osmosis (RO), Multi-Stage Flash (MSF) Distillation, Multi effect Distillation (MED) and Others).
- Application– The United States Desalination Market, by application, is broken up into 3 viewpoints (Municipal, Industrial and Others)
- Source- By source, the United States Desalination Market is broken up into 4 viewpoints (Sea Water, Brackish Water, River Water and Others).
- Region- The United States Desalination Market by region is broken up into 8 viewpoints (Florida, California, Texas, North Carolina, Iowa, Illinois, Arizona, and Others)
Key Players- All the major players have been covered from 3 Viewpoints in the United States Desalination Market (Overview, Recent Developments, and Revenue) Veolia Environnement S.A., Doosan Enerbility Co. Ltd, Xylem, Ferrovial, S.A., DuPont, Wartsila, Danfoss, and DOW.
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