The Global Water Desalination Pumps Market is expected to grow at a CAGR of 7.7 percent from 2015 to 2019, according to a new report from TechNavio.
The report shows demand for water treatment has increased significantly in developing countries, where fresh water resources can be scarce. Providing clean and potable water to huge populations has become a priority, which is pushing the demand for water desalination pumps in the market, TechNavio reports.
The report emphasizes the emergence of intelligent pump systems as a major driver of market growth. Intelligent pumps possess the ability to regulate flow and pressure, and these systems can automatically adjust to process and pump system changes.
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“Intelligent pump systems are being adopted by many manufacturers because of the high level of fault tolerance ability, which leads to a significant reduction in the total cost of ownership,” said Faisal Ghaus, Vice President of TechNavio, in a news release. “The adoption of these systems will also help industries comply with current European Union regulations in relation to reduction in energy consumption.”
The growing demand for clean water worldwide will continue to augment the demand for water desalination systems, which will propel the Global Water Desalination Pumps Market during the forecast period.