New tech to drive 9.5% annual desalination growth - report
By 2020, the annual supply of water from desalination will have reached 54 billion m³, according to a report released on 17 March 2009 by Lux Research.Entitled Desalination's Future Champions, the report predicts a compound annual growth rate for desalinated water of 9.5% over the next decade, boosted by "a rising wave of new water treatment technologies all aiming to challenge the incumbent reverse osmosis (RO)".
The report offers what it claims to be the first commercial analysis of emerging water treatment technologies, offering strategic insight to corporations, utilities, banks and early stage investors looking to tap growth opportunities enabled by emerging desalination technologies. To determine which technologies will succeed, the report establishes a benchmark with 13 criteria across two axes measuring each contender by its value and maturity.
Because the factors for success differ between markets, Lux's report weighted the criteria to come up with separate rankings for each segment. It then scored 18 current and future desalination technologies in this framework, predicting that:
"Of particular interest are firms that build, own and/or operate desalination facilities," said Michael LoCascio, a senior analyst at Lux Research and the report's lead author. "Since they are technologically agnostic, these firms stand to benefit as the value of desalinated water continues to increase over the next 20 years, while the cost to produce it declines."
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