Water Desalination Pumps Market: Outlook
With water scarcity ringing warning bells, water desalination has gained considerable momentum over the years as a potential cure for getting clean and drinkable water for individuals across the globe. This aspect may serve as a prominent growth generator for the global water desalination pumps market through the assessment period of 2020-2030.
Earth is roughly covered with 70 percent water and out of that, only 3 percent is fresh and safe for drinking with only 1 percent accessible for human use. With these statistics, one may know that approximately 67 percent is covered with seawater. But seawater cannot be consumed directly due to the salinity. Hence, this is where the water desalination process comes into the picture. Hence, the water desalination pumps market may gain good growth prospects.
This water desalination pumps market report provides information to the stakeholder through the R.O.C.K (Regional Prospects. Overview. Competitive Dimensions. Key Trends) mechanism. This mechanism covers all the major prospects that are growth-worthy for the water desalination pumps market and helps the stakeholder to gain rock-solid insights
The information included in this report covers a variety of factors analyzed by an expert team of researchers. The report also offers insights into the COVID-19 impact on the water desalination pumps market and the prominent threats that the water desalination pumps market may face between 2020 and 2030.
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Water Desalination Pumps Market: Competitive Dimensions
Manufacturers in the water desalination pumps market strive to provide the best desalination solutions to the end-user industries. The pumps are prominently available in two types, namely positive displacement pump and centrifugal pump. Smart pump systems are being developed by players in the water desalination pumps market.
Activities like mergers, acquisitions, joint ventures, collaborations, and partnerships are serving as growth propellers for the players in the water desalination pumps market. The players gain a competitive edge over other players by consistent indulgence in such activities. The acquisition of Eurowater by Grundfos is a classic instance. This acquisition proves to be a boon for the efforts of the company to tackle global water challenges
Some well-entrenched players in the water desalination pumps market are SPX FLOW, Flowserve, Sulzer, EBARA, SUEZ, ITT, and GRUNDFOS.
Water Desalination Pumps Market: Renewable Energy Boom
As all industries move toward sustainability, the water desalination pumps market is also putting steps toward the path of eco-friendly system development. Solar-powered water desalination systems are helping to decrease energy consumption.
Recently, a group of researchers at the University of Bath have developed a desalination process that can be operated in mobile and solar-powered units. GivePower, a non-profit organization recently installed a solar-powered water desalination plant in Mombasa (Kenya) and La Gonave (Haiti). Such developments help in harnessing growth for the water desalination pumps market.
Water Desalination Pumps Market: Recent Developments
Some of the major developments that can help in bringing expansive growth for the water desalination pumps market are as follows:
- ACWA Power recently inked a US$650 mn financing agreement for Jubail water desalination plant
- The Egyptian Government announced the commissioning of more than 18 water desalination plants in Egypt at a total cost of US$ 693.3 mn and the plants will offer 550,000 m3 of drinking water per day
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Water Desalination Pumps Market: Regional Landscape
The Middle East and Africa may contribute largely to the growth of the water desalination pumps market through the forecast period due to the problem of water scarcity and the installation of novel plants in the region.
Extensive projects and initiatives regarding water desalination are being taken by the government, thus adding extra stars of growth. For instance, Saudi Arabia’s Saline Water Conversion Corporation (SWCC) has constructed the world’s longest water pipeline tunnel in the world that will pump desalinated water from the AL-Shuaiba desalination plant to the Taif governorate.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.