World - Machinery For Filtering Or Purifying Water - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
The Global Water Purification Market to Accelerate on Climate Change
IndexBox has just published a new report: 'World - Machinery For Filtering Or Purifying Water - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.
With a growing population and global warming, scarcity in freshwater propels the demand for water purification facilities, particularly in the Middle East, Asia and Africa. Market growth is also impacted by decreasing operational costs for purification systems and major plans to develop the sector within China, the U.S. and the Middle East. Promising electrolysis-based desalination technologies emerge, featuring low carbon footprint and, as a byproduct, providing valuable raw material for producing batteries. This enables the new potential for investments into the sector.
Key Trends and Insights
As the Earth’s population increases, the demand for fresh water and water purification facilities has been expanding rapidly over the last decade. According to the International Desalination Association (IDA), from 2016 to 2019 the number of treatment facilities and daily processing of water grew by 12.4% and 41.2%, respectively. 150 countries desalinate water while the overall number of water treatment facilities in the world has surpassed 19,000, which is twice as many as 20 years ago. Saudi Arabia possesses the largest capacity of 12 million m3/day, comprising 9.8% of global the global figure. Next comes the UAE (7.5%), the U.S. (4.7%), Spain (3.6%) and China (3.0%).
In the future, the rapidly growing population along with global warming will cause demand for water purification facilities to rise further. According to the IPCC technical report on climate change and water and the IPCC special report on climate change adaptation, many dry regions including the Mediterranean and southern Africa will suffer from reduced rainfall and increased evaporation. As a result, nearly one billion people in these regions may face strong water scarcity.
Increasing urbanization in Asian countries, particularly in China, also contributes to market growth. According to China’s Five-Year Plan (2021-2025), they expect to implement new freshwater treatment facilities with a capacity of 1.25М tonnes per day to reach their goal of 2.9M tonnes per day in total by 2025.
The U.S., the UAE and Saudi Arabia have also announced expanding investments into the sector. Countries in Africa also feature a high market potential for water treatment systems. The African market will expand in tandem with increases in national income in those countries and decreases in the average cost of water purification facilities. Wide-scale government and private investment will drive market growth.
The main problem with modern water treatment facilities is their high operating costs. To diminish these costs, solar, wind and hydropower are actively being implemented as well as integrated processes like pressure-retarded osmosis that in total enable a 50-75% decrease in electricity costs.
Around the world, researchers are actively investigating technologies that use electrolysis to purify water. These technologies offer big potential because of their low carbon footprint in comparison with traditional thermal treatment and membrane filtration. During the electrolysis-based desalination process, sodium is released as a byproduct and could be widely used as a component in sodium-ion batteries. This could additionally resolve how to dispose of the environment-harming brine. Currently, these technologies are only in research and development, but in the mid-term, they could become a promising area for investments.
Global Exports and Imports of Machinery for Filtering or Purifying Water
In value terms, water filter exports stood at $9.5B in 2020. The total export value increased at an average annual rate of +5.3% from 2012 to 2020 (IndexBox estimates). In value terms, the largest water filter supplying countries worldwide were China ($1.6B), Germany ($1.3B) and the U.S. ($1B), with a combined 41% share of global exports.
From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China, while exports for the other global leaders experienced more modest paces of growth.
In value terms, the U.S. ($1.6B) constitutes the largest market for imported machinery for filtering or purifying water worldwide, comprising 17% of global imports. The second position in the ranking was occupied by Germany ($411M), with a 4.5% share of global imports. It was followed by Canada, with a 3.6% share.
In the U.S., water filter imports expanded at an average annual rate of +5.7% over the period from 2012-2020. In the other countries, the average annual rates were as follows: Germany (+9.0% per year) and Canada (+1.0% per year).
Source: IndexBox Platform
This report provides an in-depth analysis of the global water filter market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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