Desalination has long been considered an expensive and, consequently, rather extravagant means to obtain freshwater through salt extraction. However, technology has developed significantly over the past few years, allowing manufacturers of desalination system equipment to make their products more efficient and less energy-consuming. As a result, desalination is expected to become a more popular option, which will in turn have a vastly stimulating effect on the market.
These are some of the key predictions on the global desalination systems market for the period between 2014 and 2024, presented in a new report by business information company Visiongain.
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Growth of the global desalination market was hindered by the financial crisis in 2008 and 2009 and activity was further subdued by political instability in North Africa in 2011. However, the report predicts that 2014 will be the start of a new growth period for the industry. Technological improvements have brought down energy costs and worldwide issues with freshwater availability in various regions, as well as population growth in Asia Pacific, North Africa and the Middle East, are likely to influence the desalination market over the next decade, the report stated.
Visiongain estimated that the total value of the global desalination market will reach $3.92 billion at the end of this year, with this figure including reverse osmosis, multi-effect distillation, multi-stage flash, electrodialysis, electrodeionisation and electrodialysis reversal.