Electrical Component for Desalination Plant Market Analysis

Rising scarcity for water to drive the use of water desalination

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.

Advancement of mining industry

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.

Technological advancement

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.

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 increasing global demand for freshwater is a primary driver of the Global Electrical Component for Desalination Plant Market Industry. As populations grow and industrial activities expand, the need for sustainable water sources intensifies. For instance, regions facing severe water scarcity, such as the Middle East and North Africa, are investing heavily in desalination technologies. This trend is projected to elevate the market value to approximately 15.5 USD Billion in 2024, with a significant portion attributed to electrical components that enhance operational efficiency and reliability in desalination processes.

Government initiatives aimed at enhancing water security significantly influence the Global Electrical Component for Desalination Plant Market Industry. Many countries are implementing policies that promote the development of desalination infrastructure, often backed by substantial funding. For instance, nations like Saudi Arabia and Australia have allocated billions to support desalination projects, which include investments in electrical components necessary for efficient plant operation. This proactive approach is likely to contribute to the market's growth, with projections indicating a market size of 33.9 USD Billion by 2035, driven by increased governmental support.

Rapid urbanization and industrial growth are key factors driving the Global Electrical Component for Desalination Plant Market Industry. As cities expand and industries proliferate, the demand for reliable water sources escalates. Urban centers, particularly in arid regions, are increasingly turning to desalination as a solution to meet their water needs. The integration of advanced electrical components in desalination plants enhances their capacity to deliver high-quality water efficiently. This trend is likely to sustain market momentum, contributing to the anticipated growth trajectory of the industry.

Growing environmental concerns regarding water scarcity and climate change are propelling the Global Electrical Component for Desalination Plant Market Industry. As the effects of climate change become more pronounced, the need for sustainable water solutions has gained urgency. Desalination plants, equipped with energy-efficient electrical components, offer a viable solution to mitigate water shortages. The emphasis on reducing carbon footprints and utilizing renewable energy sources in desalination processes aligns with global sustainability goals. This shift is expected to bolster market growth, as stakeholders increasingly prioritize environmentally friendly technologies.

Technological innovations play a crucial role in shaping the Global Electrical Component for Desalination Plant Market Industry. Advances in membrane technology, energy recovery systems, and automation have led to more efficient desalination processes. For example, the integration of smart sensors and IoT devices allows for real-time monitoring and optimization of plant operations. These advancements not only reduce operational costs but also improve water quality. As a result, the market is expected to witness a compound annual growth rate of 7.36% from 2025 to 2035, reflecting the growing reliance on sophisticated electrical components.

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.”