Global Water Desalination Equipment  market analysis 2024, Forecast To 2033

The water desalination equipment market has experienced rapid growth, expanding from $15.65 billion in 2023 to $17.57 billion in 2024, reflecting a noteworthy compound annual growth rate (CAGR) of 12.2%. This substantial growth in the historic period is attributed to the increasing prevalence of water scarcity, population growth, government initiatives, heightened industrial demand, and the rise in urbanization. Looking ahead, the water desalination equipment market is anticipated to undergo rapid expansion, projected to reach $27.48 billion in 2028 at a robust CAGR of 11.8%. The expected growth in the forecast period is linked to substantial investments in infrastructure, aging water infrastructure, the surge in tourism and recreation, and the escalating concerns for public health. Major trends in the forecast period include the adoption of forward osmosis technology, the rise of decentralized desalination, the emergence of hybrid desalination systems, the implementation of zero liquid discharge (ZLD), and the development of smart desalination plants.