Fresh Water Generator Market By Type (Plate Generator, Tubular Generator, RO generator) , By Application (Vessel, Platforms) : Global Opportunity Analysis and Industry Forecast, 2024-2032
Fresh Water Generator Market
The fresh water generator market was valued at $203.4 million in 2023 and is projected to reach $363.8 million by 2032, growing at a CAGR of 6.7% from 2024 to 2032.
A fresh water generator is an equipment that converts the sea water into usable fresh forms through processes such as evaporation and condensation. The generator is essentially installed in ships to ensure consistent supply of fresh water during voyage. The principle used by the equipment for conversion is either reverse osmosis or distillation. A fresh water generator comprises of multiple components such as condenser, evaporator, demister, fresh water pump, ejector, temperature monitoring tools, air-purge valve, safety valve, and salinometer.
With exponentially growing population and depleting resources of fresh water, the generators are significantly being installed in residential & commercial spaces, especially in arid areas. These factors are significant drivers of the fresh water generator market. In addition, surge in shipping operations due to increase in global trade and expansion of offshore oil & gas activities augments the development of the fresh water generator market due to upsurge in need for fresh drinking water. To enhance the energy efficiency of the process, the trend of deploying solar energy sources is gaining prominence. The solar energy system imitates the evaporation process of nature and facilitates the conduction of evaporation & desalination procedures in the equipment without requiring other forms of energy.
However, the initial capital investment required for the installation of fresh water generators hampers the market growth in underserved areas. Furthermore, the challenges posed in reducing environmental impact associated with brine disposal restrain the market development. On the contrary, as the resources for safe fresh water continue to deplete, the fresh water generator market is poised for lucrative opportunities. According to a recent press release by the United Nations Environment Programme, approximately half of the total countries across the globe consist of degraded freshwater ecosystems. Such countries are a house to decreased river flow, lost surface water bodies, and polluted water. These factors are anticipated to open new avenues for the fresh water generator market.
Segment ReviewThe fresh water generator market is segmented into type, application, and region. On the basis of type, the market is divided into plate generator, tubular generator, and RO generator. By application, it is bifurcated into vessel and platforms. Region wise, it is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Key FindingsOn the basis of type, the RO generator segment is anticipated to dominate the market throughout the forecast period.
By application, the vessel segment is projected to be the highest shareholder during the forecast period.Region wise, Asia-Pacific is expected to be the highest revenue generator by 2032.
Competition AnalysisThe major players of the global fresh water generator market include Alfa Laval AB, Wärtsilä Corporation, Parker-Hannifin Corporation., Veolia Environnement S.A., Danfoss A/S, GE Water & Process Technologies, LLC, Evoqua Water Technologies LLC, Hitachi Zosen Corporation, Doosan Heavy Industries & Construction Co., Ltd., and Suez Water Technologies & Solutions. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
Key Market SegmentsBy TypePlate Generator
Tubular Generator
RO generator
By ApplicationVessel
Platforms
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Chile
Rest of Latin America
Middle East and Africa
Saudi Arabia
UAE
South Africa
Nigeria
Rest Of Middle East and Africa
Key Market PlayersAlfa Laval AB
Wärtsilä Corporation
Parker-Hannifin Corporation.
Veolia Environnement S.A.
Danfoss A/S
GE Water & Process Technologies, LLC
Evoqua Water Technologies LLC
Hitachi Zosen Corporation
Doosan Heavy Industries & Construction Co., Ltd.
Suez Water Technologies & Solutions