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.
Browse 12 market data Tables and 30 Figures spread through 78 Pages and an in-depth TOC on “India Desalination Plant 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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