Modular Desalination Plant Market Future Scenario 2020–2030

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Modular Desalination Plant: Introduction

• Desalination plant is an industrial facility that adopts physical or chemical processes to recover or reduce concentration of salt from water stream. Removal of salt from water supplies renders it fit for drinking and reduces the occurrence of salt-induced corrosion of any metal in contact with the treated water.
• Desalination plant utilizes several processes such as mechanical vapor compression, thermal multistage flash distillation, and reverse osmosis for treatment of water

Key Drivers and Restraints of Modular Desalination Plant Market

• Increase in demand for compact size and energy efficient desalination plants is expected to drive the global modular desalination plant market. Desalination is the process wherein salts and other minerals are removed from fluids such as seawater.
• Increase in investment in development of modular desalination plant is projected to propel the global modular desalination plant market between 2020 and 2030. In February 2019, IDE technologies announced plans to construct the SWRO desalination plant for the Quebrada Blanca Phase 2 (QB2) project in Chile. QB2 is an extension of Teck's existing Quebrada Blanca operation and will be located at the port site for the QB2 copper mine in the Tarapacá region. Furthermore, technological innovation in design of desalination plant to optimize efficiency is anticipated to propel the global modular desalination plant market between 2020 and 2030.
• Shortage of drinking water supply and rise in global population are expected to drive the modular desalination plant market during the forecast period. Climate change is a key factor that is disturbing water cycle and leading to water shortage.

COVID-19 Impact Analysis

Reverse Osmosis Segment Expected to Hold Prominent Share of Global Market

• The global modular desalination plant market can be segmented based on technology, end-user, and region
• Based on technology, the global modular desalination plant market can be segregated into reverse osmosis and others. Reverse osmosis is an extensively used technology in modular desalination plants. Growth of the segment can be ascribed to its minimal energy requirement and optimized efficiency.
• Based on end-user, the global modular desalination plant market can be classified into hotels, manufacturing facilities, and others. Modular desalination plants are extensively used in end-user industries as, they enable them to be independent of regional water supply companies and have total control over their requirements and costs.

Europe Expected to Constitute Key Share of Global Modular Desalination Plant Market

• In terms of region, the global modular desalination plant market can be divided into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America
• Europe is projected to hold major share of the global modular desalination plant market during the forecast period. This can be ascribed to presence of key manufacturers of modular desalination plants in the region.
• The modular desalination plant market in Asia Pacific is expected to expand at a significant pace during the forecast period due to rise in population and increase in demand for drinking water supply in the region
• The modular desalination plant market in Latin America and Middle East & Africa is anticipated to expand during the forecast period due to ongoing investments in designing of modular desalination plants