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The subsea desalination market size is estimated to grow at a CAGR of 14.48% between 2023 and 2028. The market size is forecast to increase by USD 242.53 million. The growth of the market depends on several factors such as the increase in population and a rise in demand for consumable water, an increase in demand for membrane technology, and change in climatic conditions and increased investments.
This subsea desalination market report extensively covers market segmentation by technology (reverse osmosis, electrodialysis, and others), type (floating desalination platform and deep sea desalination platform), and geography (Middle East and Africa, APAC, Europe, North America, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018-2022.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
An increase in demand for membrane technology is the key factor driving the market growth. As filtration technology enhances with advancements in membrane technology, membranes will attain popularity in desalination installations. Membrane technology plays an important role in energy and water sustainability. RO is one of the membrane-based processes that are broadly embraced by the global subsea desalination market. It is considered the most energy-efficient and green technology for subsea desalination.
Moreover, membrane technologies such as RO are witnessing increasing demand due to their high energy efficiency and high-degree output with a minimum level of water input, they are adopted at a faster rate compared with other filtration techniques, such as MED and MSF. Therefore, the rising demand for membrane-based technologies such as RO is anticipated to boost the growth of the market during the forecast period.
Advances in energy-recovery techniques is the primary trend shaping market growth. It takes a significant amount of energy and significant CAPEX to convert seawater into fresh water. Energy recovery devices are widely used in reverse osmosis seawater desalination plants to recover pressure from the membrane waste stream and return it to the process. A well-designed energy-recovery system is necessary for every RO desalination plant.
Moreover, with the help of isobaric energy recovery device technology, waste energy generated from the RO systems can be recovered from the concentrate flow. This increasing upgrade in energy recovery systems is the key trend that will drive the growth of the global desalination market during the forecast period.
High costs in initial investment of subsea desalination plants is a challenge that affects market growth. Although the cost of subsea desalination has decreased in recent years, the capital expenditure (CAPEX) associated with establishing a desalination plant remains high. The cost of producing desalinated water depends on many factors, including energy consumption efficiency, plant capacity, energy source, proximity to water source, and project finances. In addition, the operation cost of desalination plants that are located in coastal areas and inland areas is high, owing to the high costs imposed on transporting seawater to inland states.
Furthermore, the equipment used in desalination plants is prone to corrosion because of their increased exposure to saltwater and contaminated water. Thus, they require an adequate maintenance system to limit the impact caused by corrosion. These high costs involved in desalination plants will impede the growth of the global subsea desalination market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Subsea Desalination Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The reverse osmosis segment is estimated to witness significant growth during the forecast period. Reverse osmosis (RO) is a technology that uses a semi-permeable membrane to remove dissolved salts or organic molecules from water by cleaning, purifying, and disinfecting. RO has become the dominant desalination method due to its efficiency, scalability, and ability to produce high-quality freshwater from seawater or brackish water sources.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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