Subsea Desalination market is projected to grow at a CAGR of 12.0% by 2033: Visiongain Reports Ltd

Visiongain Reports Ltd

Visiongain Reports Ltd

Visiongain has published a new report entitled Subsea Desalination 2023-2033. It includes profiles of Subsea Desalination and Forecasts Market Segment by Type, (Floating Desalination Platform, Deep Sea Space Station (DSSS)) Market Segment by Systems, (Digital Twin Subsea Systems, Cognitive Autonomous Subsea System, Intelligent Subsea Systems, Other Subsea Systems) Market Segment by Technology, (Reverse Osmosis (RO), Electrodialysis (ED), Forward Osmosis (FO), Biomimetic Membranes, Other Technology) Market Segment by Power Type, (Wind Powered, Solar Powered, Wave Powered, Nuclear Powered, Fuel Powered, Other Power Type) plus COVID-19 Impact Analysis and Recovery Pattern Analysis (“V”-shaped, “W”-shaped, “U”-shaped, “L”-shaped), Profiles of Leading Companies, Region and Country. 

The global subsea desalination market was valued at US$1,687 million in 2022 and is projected to grow at a CAGR of 12.0% during the forecast period 2023-2033.

Reducing Fresh Water Resources Levels Are Increasing Demand for Desalination

Water comprises 70% of our world, and it is simple to believe that it will always be plenty. However, freshwater—the substance we drink, bathe in, and use to irrigate our farm fields—is extremely scarce. Only 3% of the world’s water is fresh water, and two-thirds of that is trapped in frozen glaciers or otherwise unavailable for human consumption. As a result, around 1.1 million people globally lack access to water, and a total of 2.7 million face water scarcity for at least one month of the year. Inadequate sanitation is also a concern for 2.4 million people, exposing them to diseases such as cholera and typhoid fever, as well as other water-borne disorders. Every year, diarrheal diseases kill two million people, usually children.

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How has COVID-19 had a significant negative impact on the Subsea Desalination Market?

The COVID-19 outbreak is expected to decrease global investment in the water sector, with a few significant

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