The market for desalination system is expected to develop at a CAGR of over 3% during the forecast period. The major factor driving the growth of the market is the rising gap between water supply and demand in the country. Moreover, the increase in population has also escalated the demand for pure water supply in the country and hence it is expected to increase the growth of the market studied. However, the growing environmental concerns regarding the use of desalination systems are expected to foil the market growth during the forecast period.
– The use of desalination systems for the municipal segment is projected to have a significantly higher share in the market.
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Key Market Trends
Rising Demand from Municipal Segment
– Municipal application is anticipated to witness substantial growth in the India desalination system market during the forecast timeframe.
– India is witnessing a dire water shortage especially of drinking water as present sources both surface and groundwater are becoming increasingly stressed. The water consumption rate in the country is increasing continuously every year. The overall demand for water in 2025 and 2050 is expected to reach 843 BCM and 1,180 BCM respectively.
– Municipalities have taken up the responsibility to treat seawater and generate potable water so that people can get access to clean drinking water.
– In 2019, Metrowater announced its plan to install two new desalination plants with a capacity of 150 million litres and 400 million litres respectively. This was a result of the recent hydrological drought situation that the Chennai encounter during peak summer and subsequent months.
– All the aforementioned factors are expected to drive the desalination systems market in the country during the forecast period.
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