Hanes Geo Components of Winston Salem, N.C., has announced that its new location in the St. Louis market. This is the company’s second Missouri...
New report estimates market will grow over next five years
According to a new technical market research report, “Seawater and Brackish Water Desalination (MST052B)”, from BCC Research, the global market value for seawater and brackish water desalination was an estimated $2.9 billion in 2010, but is expected to increase to nearly $5.5 billion in 2015, for a five-year compound annual growth rate (CAGR) of 13.8%.
The largest segment in the market, made up of conventional processes, is expected to increase at the five-year CAGR of 13.8%, from $2.9 billion in 2010 to nearly $5.5 billion in 2015.
The segment of the market made up of other technologies is expected to reach $13 million in 2015. The market in 2010 is estimated to be $10 million. Thus, the five-year CAGR is projected to be 5.4%.