The global market size was valued at US$ 7.23 billion in 2024 and is projected to reach US$ 12.45 billion by 2030, at a CAGR of 9.4% during the forecast period 2024-2030.
The United States market size was valued at US$ 1.67 billion in 2024 and is projected to reach US$ 2.78 billion by 2030, at a CAGR of 8.9% during the forecast period 2024-2030.
Advanced water purification technology using membrane-based reverse osmosis for seawater and brackish water desalination.
The market shows robust growth, driven by water scarcity challenges. In 2023, installed capacity reached 95 million m