Suez Water Technologies & Solutions (US) and DuPont (US) are the Leading Players in the Water Desalination Equipment Market
The global water desalination equipment market is projected to reach USD 11.2 billion by 2026 from an estimated market size of USD 7.1 billion in 2021, at a CAGR of 9.5% during the forecast period. The factors driving the growth for water desalination equipment are water scarcity and depletion of freshwater sources across the globe and rapid urbanization and industrialization in developing economies.
The Middle East & Africa region is estimated to be the largest market for the water desalination equipment, followed by APAC. The APAC region is also projected to be the fastest-growing market during the forecast period. Government initiatives towards the increased investment in water & wastewater management sectors, owing to the limited availability of consumable water and the rapidly increasing population are the factors driving the water desalination equipment market in the Middle East & Africa region.
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The water desalination equipment market is served by a mix of large international players with operational presence across the globe and local players commanding a strong supply network in the domestic market. The leading players in the global water desalination equipment market include Suez Water Technologies & Solutions (US), Veolia Water Technologies (France), DuPont (US), LG Chem (Korea), Toray Industries, Inc. (Japan), Sulzer (Switzerland) and Wärtsilä (Finland).
Suez Water Technologies & Solutions, the business unit of Suez Group, is a global provider of water treatment technologies and solutions to various industries. The portfolio of Suez Water Technologies & Solutions includes biological treatment services, accelerator clarifier, disinfection products and services, electrolysis and bipolar electrodialysis products and services, evaporators, crystallizers, and spiral wound membranes, reverse osmosis desalination systems and membrane chemicals. Suez Water Technologies & Solutions has established its facilities in 14 locations, and the parent company, Suez Group has an operational presence in over 130 countries across the globe. Suez Water Technologies & Solutions has been primarily adopting inorganic strategies for enhancing its business operations. For instance, in the year 2019, to cater to the increasing demand for membrane technologies in the water sector, for ultrafiltration, and reverse osmosis, the company expanded its state-of-the-art facility in Oroszlány, Hungary, with a EUR 30 million investment. Furthermore, in 2021, the company has purchased the entire product line of RO membranes from Lanxess, and by integrating the acquired product line into its existing portfolio, the company has strengthened its foothold in the industrial water market and adjacent sectors.
DuPont is a manufacturer and a global supplier of technology-based products and solutions such as construction materials, fabrics, fibers, personal protective equipment, adhesives, resins, solar/photovoltaic materials, packaging material & solutions, water solutions, and electronic solutions. DuPont offers RO membranes through the Safety & Construction business segment, under the water solution product line. Additionally, the water solutions product line includes ion exchange resins, nanofiltration elements, ultrafiltration modules, and water purification & filtration technologies. DuPont currently owns and operates 10 R&D centers and 9 innovation centers and has established its operational presence in over 45 countries. DuPont has been adopting a mix of organic and inorganic strategies to achieve strategic growth. For instance, in 2020, the company introduced the next generation dry SWRO elements that enable the customers to transition from wet to dry testing, which increases shelf life and offers more flexibility for storage. Likewise, in the same year, DuPont partnered with Onsitego to launch the FilmTec residential reverse osmosis membranes on Amazon. DuPont has been actively involved in the acquisition of businesses to enhance its product portfolio and establish its position in the water sector. For instance, in 2019, DuPont acquired businesses such as inge GmbH (a business unit of BASF), Memcor (a business unit of Evoqua Water Technologies Corp.), and Desalitech to enhance its leading portfolio of separation and membrane technologies.
Related Reports:
Water Desalination Equipment Market Technology (Reverse Osmosis, Multi-stage Flash Distillation, Multiple-effect Distillation) Application (Municipal, Industrial) Product (Membranes, Pumps, Evaporators), and Region-Global Forecast to 2026
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