NEWS RELEASE FEBRUARY 2016
Desalination is a High Growth Market
Water in many countries is competing with oil as the most precious commodity. The ocean can supply the needs of the world through desalination. One of the limiting factors in increased desalination production has been energy costs. With more efficient desalination technology and the low price of oil the costs of desalination are now less than that of water from alternative sources. This is creating a high growth market for membrane based processes and a modest growth market for thermal processes.
China is one of a number of countries who will achieve double-digit growth in desalination capacity in the coming five years. With 20 percent of the world’s population but only 7 percent of its fresh water, China has embraced desalination. The central government’s Special Plan for Seawater Utilization calls for producing 3 million tons (807 million gallons) a day of purified seawater by 2020—roughly quadrupling the country’s current capacity. Of China’s 668 largest cities, at least 400 already suffer from water scarcity. As of 2015 China was fifth in the world in installed desalination capacity; two years earlier it ranked ninth.
|High Single-Digit Growth|