The water desalination pumps market will register a CAGR of more than 6% by 2023
NEW YORK, Jan. 15, 2019 /PRNewswire/ -- About this market
Desalination is an essential part of the water and wastewater industry. Vendors are increasing their investments is desalination plants because of the growing need for energy- efficient equipment to cater to the growing water demand. The increasing consumption of electricity by desalination plants has completed regulatory authorities to encourage the adoption of energy- efficient equipment in these plants. Regulatory authorities across the world have implemented several stringent guidelines related to energy efficiency. The development of energy- efficient pumps and stringent regulatory norms to reduce the energy consumption are factors that have compelled industrial operators to upgrade their current pumping systems in desalination plants to new energy- efficient pumps. Technavio's analysts have predicted that the water desalination pumps market will register a CAGR of more than 6% by 2023.
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Market Overview
Increasing demand for reverse osmosis technique
Conventional filtration techniques including thermal filtration are expensive compared with reverse osmosis technology. The increasing adoption of revenue osmosis technology and improvements in pumping technology has increased the revenue growth in the water desalination pumps market.
Volatility in the raw materials prices affecting profit margins
Fluctuations in the raw material prices impact the cost of such magnets and permanent magnet motors. Although the risk of price volatility can be hedged by derivative instruments, it is expected to limit the growth of the market during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the water desalination pumps market during the 2019-2023, view our report.
Competitive Landscape
The water desalination pumps market appears to be highly fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.
Read the full report: https://www.reportlinker.com/p05713283
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