India Desalination Plant Market to Reach $ 1400 Million by 2024
Declining groundwater level,
rising demand for water along with rapid industrialization to drive India desalination
plant market through 2024
According to TechSci Research
report, “India
Desalination Plant Market By End-Use Sector, By Technology, Competition
Forecast & Opportunities, 2024’’, India desalination plant market
is forecast to reach $ 1400 million by 2024, on account of rapid industrialization and declining
groundwater level. Moreover, freshwater demand for industrial
applications is further expected to drive India desalination plant market over
the coming years. Moreover,
rising government investments and initiatives to strengthen the industrial
sector, coupled with growing product innovation and technology advancements by
desalination plant installers are expected to positively influence India
desalination plant market during the forecast period.
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Market"
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On the basis of technology, desalination plant market is
majorly segmented into membrane desalination, thermal desalination and others
(hybrid). Membrane desalination held dominant share in India desalination plant
market in 2018 and is anticipated to maintain its dominance during the forecast
period as well due to its low operational cost and high efficiency. Among end
use sector, industrial sector holds majority share owing to increasing demand for
water for industrial usage. However, municipal sector is expected to witness
maximum growth during the forecast period as availability of ground water is
not sufficient to meet daily requirements of the citizens.
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“South region garnered the largest share
in India desalination plant market in 2018 owing to presence of sea water and
increasing demand for fresh water for both domestic and industrial purpose in
the region. Moreover, rising government initiatives towards installation of
desalination plants is further contributing to the growth of the market. For
instance, in June 2019, the government of Tamil Nadu announced to install its
third desalination plant with a capacity of 150 million liters per day.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Desalination Plant
Market, By End-Use Sector, By Technology, Competition Forecast &
Opportunities, 2024” has evaluated the future growth
potential of desalination plant market and provides statistics and information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decision. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities in India
desalination plant market.
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