Water desalination is being widely accepted across various nations worldwide for drinking water. It is considered an alternative water resource and a highly sustainable solution for freshwater. Continuous research on the process of desalination has propelled the demand for solar desalination industries worldwide. Fresh water and its availability have decreased owing to the rise in water pollution levels and if this continues, human civilization will face major crisis by the end of 2025. In order to cope with such serious issues, various governments have taken initiatives and are investing in drinking water solutions for the benefit of their people.
Rise in Adoption for Offshore and Onshore Activities will Propel Growth
There is high demand for fresh water from the agricultural sector, and industrial sector. This stands as a key factor boosting the global solar based water desalination market. Additionally, water desalination systems running on solar power are considered cost efficient, and can be applied for all commercial, industrial, as well as residential sectors, owing to their easy to operate properties. This will also add to the overall growth of the industry in the coming years. Other factors aiding in expansion of the global solar based water desalination include low maintenance, easy installation for onshore and offshore activities, and climate control. Use of solar desalination processes will help keep check on climate change and carbon content in water content.
The growing population, coupled with the increasing urbanization worldwide is likely to aid in expansion of solar based water desalination. Additionally, the rise in operation costs of desalination plants is less than other water preservation techniques, thereby increasing its preference especially among the developing nations.
Furthermore, the use of solar energy for developing or underdeveloped nations with electricity problems also turned out to be favorable for the industry and will continue to be in the coming years.
Rising Investments on Wind and Solar Energy will Boost Market
The impact of the COVID19 pandemic has been challenging owing to the halt in installation projects for solar based water desalination plants. The availability of raw materials, supply of key products and labor availability was all hampered due to the imposition of lockdown worldwide. Furthermore, maintaining such plants for desalination has been delayed in many remote areas. Nevertheless, the increasing investments in wind and solar energy and increasing effort to replace conventional water plants for desalination with the solar operated ones is likely to create lucrative growth opportunities in the coming years.
Regionally, the market is dominated by Europe and North America due to the presence of a well-established water infrastructure and increasing investment in wind and solar power plants. On the other side, increasing population and the rising need for water from the residential, commercial, and industrial sector will help the in Asia Pacific rise remarkably in the coming years. Other nations are indulging in significant investments.
