Forecast Period | 2024-2028 |
Market Size (2022) | USD 761.35 Million |
CAGR (2023-2028) | 10.18% |
Fastest Growing Segment | Industrial |
Largest Market | South India |
India Desalination Plant Market is anticipated to register a high CAGR in the forecast period of 2024-2028. Desalination plants are used to convert seawater or brackish water into freshwater suitable for human consumption and other uses. The main reason for building desalination plants is to address water scarcity and provide a reliable source of freshwater in areas where access to clean water is limited. Desalination plants are becoming increasingly important in India as the country faces growing water scarcity and increasing demand for fresh water. In recent years, the Indian government has taken steps to promote the development of desalination technology and increase the number of desalination plants in the country. Some of the largest desalination plants in India are in the states of Gujarat and Tamil Nadu, and they use a variety of technologies membrane, thermal and hybrid. Despite the growth of the desalination industry in India, the high cost and energy requirements of these plants remain a challenge, and the government is continuing to invest in research and development to make desalination more efficient and affordable.
Some of the key reasons for building desalination plants are
- DroughtIn
areas prone to drought, desalination plants provide a reliable source of
freshwater, reducing the reliance on rainfall and other natural sources.
- Population growth
As the population grows, the demand for freshwater increases. Desalination
plants help to meet this growing demand for freshwater.
- Saltwater intrusion
In coastal areas, over-extraction of groundwater can cause saltwater intrusion
into freshwater aquifers, making the water unsuitable for human consumption.
Desalination plants can help provide a source of freshwater in these areas.
- Industrial and agricultural useIndustries and agriculture also require large amounts of water, and
desalination plants can provide a reliable source of freshwater for these uses.
Increasing government regulations
The Indian government has taken several initiatives to support the growth of desalination plants in the country. Some of these include such as financial support from the Indian government to private companies and public sector units to set up desalination plants, particularly in coastal regions. Another initiative is public-private partnerships which means the government has encouraged public-private partnerships to set up desalination plants, with private companies providing the technical expertise and government providing the infrastructure support. Moreover, the government is continuously supporting research and development in desalination technology through grants and funding to universities and research institutions.
These initiatives are aimed at promoting the development of sustainable and cost-effective desalination technologies, which can help address the water scarcity problem in the country.
The municipal industry contributes to a high CAGR
The municipal industry has a high CAGR contribution in the water desalination plant. Due to urbanization and the expansion of infrastructure, the demand for resources like water and electricity has increased and the municipal segment is anticipated to experience a strong revenue growth rate over the forecast period. Water that is fit for human consumption is provided to the urban population by the municipal sector. In addition, it is anticipated that the municipal sector will experience an increase in demand for water desalination plants due to the falling cost of desalinated water and the rising cost of surface water in urban areas.
Download Free Sample Report
The High Cost Required for Setting Up Treatment Plants
High costs are required for setting up the water desalination plant. Water desalination plant requires excessive sludge production, large energy, and high operational costs. Moreover, it demands specialized knowledge and abilities. Before the desalination process, chemicals like hydrogen peroxide, chlorine, and hydrochloric acid were used as byproducts. When these chemicals are discarded after they no longer have their intended purposes this leads to environmental pollution. Large amounts of brine are flushed into the ocean or sea from saline water desalination plants. This brine contains chemicals like anti-scaling agents from pre and post treatment in addition to concentrated salt. As a result, brine disposal is an issue that could slow the adoption rate of all desalination processes. A water desalination plant installation is expensive and energy-intensive, making small-scale installations impractical. These are critical factors that could challenge market growth.
Key developments
- In 2019, Indian water treatment company Ion Exchange and its US-based
subsidiary, NALCO Water merged to bring together the expertise and resources of
both companies to create a comprehensive water treatment solution to India.
Market Segmentation
India Desalination Plant Market can be segmented into technology, end-use sector, and region. Based on technology, the market can be segmented into membrane, thermal and hybrid. By end-use sector, the market can be segmented into, industrial, municipal, power, and others.
Market Players
Attribute
|
Details
|
Base Year
|
2022
|
Historic
Data
|
2018 – 2021
|
Estimated Year
|
2023
|
Forecast
Period
|
2024 – 2028
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2018-2022 and
2023-2028
|
Report
coverage
|
Revenue forecast, company
share, growth factors, and trends
|
Segments covered
|
By Technology
By End-Use Sector
By Region
|
Regional
scope
|
East India, West India, North
India, South India
|
Key companies profiled
|
VA Tech Wabag
Ltd., Thermax India Limited, Ion Exchange India Limited, Doshion Veolia Water
Solutions Pvt. Ltd., IDE Technologies India Pvt. Ltd., Suez Water
Technologies & Solutions, Aquatech Systems Asia Pvt. Ltd., Hitachi Plant
Technologies India Pvt. Ltd., National Institute of Ocean Technology, Hyflux
Engineering (India) Private Limited, among others.
|
Customization
scope
|
10% free report customization
with purchase. Addition or alteration to country, regional & segment
scope.
|
Pricing and purchase options
|
Avail customized purchase options to meet your
exact research needs. Explore purchase options
|
Delivery
Format
|
PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
|