Electrical Component for Desalination Plant Market Size was valued at USD 12,524.8 million in 2022. The Electrical Component for Desalination Plant industry is projected to grow from USD 12,960.4 million in 2023 to USD 24,559.1 million by 2032, exhibiting a compound annual growth rate (CAGR) of 7.36% during the forecast period (2024 - 2032). Rising scarcity for water has resulted in driving the use of water desalination. The growing population, rapid urbanization, and industrial development have led to an increased demand for freshwater. As traditional freshwater sources become strained, desalination provides an alternative source of freshwater to meet the rising demand. Thus in turn driving the demand for electric equipment used for desalination plant.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The issue of water scarcity is intensifying on a global scale due to factors such as rapid population growth, urbanization, and the impacts of climate change. With conventional freshwater sources facing over-utilization, the urgency for alternative solutions to meet the escalating demand for freshwater has become important. In this context, water desalination has emerged as a viable approach to mitigate water scarcity. Desalination involves the removal of salt and minerals from seawater or brackish water, resulting in the production of freshwater suitable for various applications, including drinking, irrigation, and industrial use. While water covers more than 71% of the Earth's surface, only a mere 3% is freshwater available for human consumption and agricultural purposes. This stark reality necessitates the establishment of long-term water supply solutions to cater to the needs of communities worldwide. According to UNESCO, approximately 2 to 3 billion people currently face water shortages globally, and this number is projected to rise significantly. By 2050, the urban population grappling with water scarcity is expected to double from 930 million in 2016 to 1.7-2.4 billion people. Consequently, the escalating global population and the depletion of freshwater resources have heightened the demand for water desalination and, consequently, the associated equipment required for the desalination process.
Water plays a crucial role in various stages of mining operations, particularly in the extraction and processing of minerals. In the case of copper mining, significant quantities of water, approximately 90 cubic meters per ton of copper, are required for processes such as comminution, flotation, classification, and thickening. Similarly, in lithium mining, water is used to dissolve lithium in brine aquifers beneath salt crusts. The process involves pumping water into salt beds to transport the dissolved lithium to the surface. The resulting mixture of salt, minerals, and water is left to evaporate over a year, enabling the water to be used for further production. To produce one ton of lithium, around 2,000 cubic meters of water is necessary.
Given the substantial water requirements in mining activities, there is a growing recognition of the need for alternative water sources to sustain these operations. This has led to an increasing demand for water desalination as a viable solution. Desalination allows mining companies to obtain freshwater from seawater or brackish water sources, reducing their reliance on conventional freshwater resources. As a result, the mining industry is driving the demand for desalination equipment as a means to secure a sustainable and reliable water supply for their operations.
The field of desalination has witnessed significant technological advancements that present promising opportunities for the expansion of electrical components within the desalination market. In the past decade, the growth of seawater desalination has been greatly accelerated, largely due to advancements in membrane technology and material science.
Recent technological developments within the field have included the introduction of advanced pressure-exchanger based energy recovery systems, which enhance the overall efficiency of desalination processes. Additionally, the emergence of higher efficiency reverse osmosis (RO) membrane elements, nanostructured RO membranes, innovative membrane vessel configurations, and high-recovery RO systems have further contributed to the reduction of energy consumption and costs associated with seawater desalination. These advancements are expected to play a significant role in decreasing the energy requirements and costs associated with the production of fresh water through desalination of saline sources such as seawater, brackish water, and treated wastewater.
In recent years, the desalination industry has witnessed remarkable advancements in brine concentration and mineral extraction technologies, facilitating the production of commercially valuable products derived from brine. This approach of extracting minerals from seawater is considered more environmentally friendly compared to traditional terrestrial mining practices.
The Electrical Component for Desalination Plant Market segmentation, based on Type has been segmented as Transformers, Switchgears, Motors, Drives and Others. Among these, the Transformer segment is projected to dominate the Electrical Component for Desalination Plant Market revenue through the projected period. Transformer plays an important role in desalination plants by facilitating transmission, distribution and utilization of the electrical power efficiently . Transformers are very important for stepping up or stepping down the electrical voltage for matching the requirements of numerous equipment used in the plants.
Based on End User, the Electrical Component for Desalination Plant Market is segmented as Industrial, Residential and Others. Industrial is further segmented into Mining, Marine and Others . Out of which the Industrial segment dominated base year market and is also projected to dominate the Electrical Component for Desalination Plant Market revenue through the projected period. Desalination plants plays a crucial role in industrial sectors by providing freshwater for various operations and processes. Numerous industrial sectors are present where the sources of freshwater is limited and thus the need for desalination plants increases, further driving the demand for electrical components used in desalination plants.
Based on Region, the Electrical Component for Desalination Plant market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Middle East & Africa Electrical Component for Desalination Plant market held the maximum market share and is also expected to account for a significant revenue share during the forecast period. In arid regions such as the Middle East and North Africa, desalination technology has long been relied upon to address the scarcity of freshwater resources. Saudi Arabia, for instance, leads the world in freshwater production through desalination.
Key market players are emphasizing significantly on R&D for increasing their product offerings, which will further help the Electrical Component for Desalination Plant Market to grow considerably. Market players are adopting several business development strategies such as acquisitions, mergers, collaborations, and partnerships to enhance their market presence and acquire a larger customer base. To survive in the competitive market, industry players must provide cost effective products.
The Electrical Component for Desalination Plant market is very competitive with market players trying to develop unique and innovative products and solutions, which could render the competitors’ offerings obsolete. The competitive environment is likely to grow further owing to rising technological advancements. Some of the key players operating in the Electrical Component for Desalination Plant Market are ABB, ITT Inc.,SPX FLOW , TIEPCO, Orecco, WEG , Siemens, G&W Electric , Hitachi, Ltd AND Danfoss. To increase their global reach and client base, key firms are concentrating on acquisitions and product innovation.
ABB: The ABB Group, founded in 1988 through the merger of ASEA (Swedish company) and BBC Brown Boveri (Swiss company), is a global leader in electrification, automation, robotics, and industrial technology. Company is headquartered in Zurich, Switzerland and ABB operates in more than 100 countries, providing a wide range of products and services.With a rich history spanning over a century, ABB has established itself as a inventor in technologies that shape the future of industries. The company's diverse product portfolio includes offerings in power grids, electrification solutions, industrial automation, and robotics. ABB is renowned for its innovative solutions that enhance efficiency, sustainability, and safety across various sectors such as energy, transportation, and manufacturing. ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company’s solutions connect engineering and software to optimize how things are manufactured, moved, powered and operated.
ITT INC: ITT INC. is established in 1920. ITT Inc. is a global diversified industrial company with a rich history in providing innovative solutions. The company operates across various industries, including manufacturing highly engineered critical components and customized technology solutions.
ITT Inc. is known for its presence in three primary business segments: Motion Technologies, Industrial Process, and Connect & Control Technologies. In Motion Technologies, the company focuses on manufacturing high-performance components for various applications, such as automotive and aerospace. The Industrial Process segment concentrates on providing solutions for fluid handling, including pumps, valves, and control systems. Connect & Control Technologies offers solutions related to connectivity and control in diverse applications. Within these businesses, 10,000 team members serve customers in approximately 125 countries around the globe and are outstanding ambassadors for well-known and long-standing product brands, which include Goulds and Bornemann pumps, KONI shock absorbers, Cannon connectors and Enidine energy absorption components.
“The use of cutting edge electrical components in the desalination plants are contributing towards building highly efficient desalination plants for generating fresh water for numerous types of industrial and residential uses. The use of advanced technologies is further leading to the creation of high performance desalination plants, for instance, in October 2021, Siemens equipped desalination plants in Saudi Arabia with process automation. Eight desalination plants with process automation, drive technology, process instrumentation and communication technology were installed.”
October 2023: Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, announced that it has acquired a controlling stake of eks Energy, a leading supplier of power electronics and energy management solutions for storage and renewables integration, based in Seville, Spain, from Powin LLC (Powin), a top global energy storage system provider.
April 2022: ITT Inc. announced that it has acquired privately-held Habonim for $140 million in an all-cash transaction. Habonim is a leading designer and manufacturer of valves, valve automation and actuation for the gas distribution (including LNG), biotech and harsh application service sectors. Habonim became part of ITT's Industrial Process (IP) segment. The acquisition closed in the second quarter of 2022 and is expected to be accretive to ITT's consolidated EBITDA margin.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD Â 12,524.8 Â million |
| Market Size 2023 | USD Â 12,960.4 million |
| Market Size 2032 | USD Â 24,559.1 million |
| Compound Annual Growth Rate (CAGR) | 7.36% (2024-2032) |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2018 & 2021 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, End User and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Middle East & Africa and South America |
| Countries Covered | US, Canada, ,Mexico, Germany, UK, France, Spain, Italy, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries and South Africa. |
| Key Companies Profiled | ABB, ITT Inc., SPX FLOW , TIEPCO, Orecco, WEG , Siemens, G&W Electric , Hitachi, Ltd, Danfoss |
| Key Market Opportunities | ·      Technological advancement |
| Key Market Dynamics | ·      Rising scarcity for water to drive the use of water desalination ·      Advancement of mining industry |
Electrical Component for Desalination Plant Market Highlights:
Frequently Asked Questions (FAQ) :
US$ 12,524.8 Mn
7.36%
Middle East & Africa
ABB, ITT Inc., SPX FLOW, TIEPCO, Orecco, WEG , Siemens, G&W Electric , Hitachi, Ltd, Danfoss
Transformers
Industrial
Senior Research Analyst With an experience of over five years in market research industry (chemicals & materials domain), i gather and analyze market data from diverse sources to produce results, which are then presented back to a client. also, provide recommendations based on the findings. as a senior research analyst, i perform quality checks (qc) for market estimations, qc for reports, and handle queries and work extensively on client customizations. also, handle the responsibilities of client proposals, report planning, report finalization, and execution
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
