Desalination equipment market to reach $5 billion by 2015
According to a new report released by the McIlvaine Company, the market for desalination equipment will surpass $5 billion by 2015, with California's rapid increase in desalination activity in a bid to fight drought seen as one of the key drivers of growth.
The demand for desalination equipment, including pumps, valves, filters and chemicals, is expected to rise as desalination becomes a more popular option for public and private sectors. The McIlvaine Company said there were 17 plants proposed in California alone and, although it is still not known how many of these will be approved, it is obvious that the method is gaining more credibility among water companies.
The biggest desalination project in the United States is currently underway near San Diego. A $1 billion facility is being constructed with the intention to produce 50 million gallons of fresh water every day. The plant is expected to be fully operational in 2016. Apart from California, the biggest market for desalination technology and equipment will be the Middle East, where the technology is a common means of obtaining fresh water.
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In terms of products, the reports predicts that water treatment chemicals will account for $800 million of the total revenue, followed by pumps ($500 million), valves ($400 million), liquid macrofiltration ($100 million), cartridges ($80 million) and sedimentation and centrifugation ($60 million). The largest proportion of revenues will come from cross-flow membrane equipment and replacement modules, however, reaching $3.06 billion.