Press release
India Membrane Separation Technology Market to Cross USD2783.97 Million by FY2027
India membrane separation technology market is projected to post robust growth by FY2027, owing to the growing need for water that is fit for consumption.According to TechSci Research report, “India Membrane Separation Technology Market By Technology (Reverse Osmosis, Microfiltration, Ultrafiltration, Nanofiltration, Others), By Application (Water & Wastewater Treatment, Food & Beverage, Industry Processing, Medical & Pharmaceutical and Others), By Region, Competition Forecast & Opportunities, FY2017-FY2027”, India Membrane Separation Technology Market is forecast to grow at a CAGR of 12.60% to reach USD2783.97 million by FY2027, owing to the growing need for water that is fit for consumption. Access to safe drinking water is a major problem in India, especially in the rural areas where lack of usable water causes sanitation as well as health problems. Moreover, the increasing popularity of RO systems for residential purposes will ensure robust growth of the market in the forecast period. Additionally, the rising application of membrane separation technology in the food & beverage industry to ensure food safety is projected to drive the growth of the market during the forecast period. On the other side, the major challenge faced by India membrane separation technology market is the high price of membrane which is hindering the growth of the market.
India membrane separation technology is segmented based on technology, application, and region. Based on Technology, the market is segmented into Reverse Osmosis, Ultrafiltration, Microfiltration, Nanofiltration and Others. The Reverse Osmosis segment held the largest market share in FY2021 owing to its cost-effective nature. Nanofiltration is the fastest growing technology due to its cumulative usage to separate trace amounts of salts and other dissolved solutes from previously treated water to produce ultrapure water for the electronics industry.
Based on Application, the market is segmented into Water & Wastewater Treatment, Food & Beverage, Medical & Pharmaceutical, Industry Processing and Others. The Water & Wastewater Treatment segment has the largest market share, owing to the use of membranes separation technology in water & wastewater treatment plants for desalination of seawater, microbial removal, sewage treatment, wastewater processing of natural mineral water, treatment of water from industries, production of potable water, and treatment of brackish water.
Browse 6 Table, 32 Figures spread through 106 Pages and an in-depth TOC on " India Membrane Separation Technology Market "
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And based on region, South India is estimated to be the largest region in the India Membrane Separation Technology Market with a share of 31.11% in FY2021 owing to the increasing water pollution and growing environmental concerns in the region.
The wide usage of membrane separation technology in water & wastewater treatment, medical & pharmaceutical, and chemical processing sectors in South Indian region is expected to boost the growth of the India Membrane Separation Technology Market in the region.
Moreover, the crisis of urban sanitation in South India is established by the predominant infected tanks-based sanitation systems that far exceed the coverage of households provided by centralized sewerage-based systems. Hence, the demand for membrane separation technology-based water treatment systems is expected to grow in the region.
The government is also planning to make huge investments in the South India region, especially in Karnataka and Tamil Nadu during the forecast period.
Therefore, India Membrane Separation Technology Market players are recommended to set up their facilities in South India to address the large demand for membrane separation technology in this region.
Membrane separation is one of the most common techniques used to isolate substances across pores or tiny gaps. It is a thin layer of substance with specific absorption functions used for concentrating, purification and isolation. Membrane separation technique facilitates the re-use of wastewater by several industries and reduces the sewage footprint from freshwater resources. The filtering layer comprises of natural or inorganic raw materials. Inorganic materials are typically metal and glass, while organic materials apply primarily to all forms of chemical substances. Ultrafiltration and microfiltration membranes are usually made of polysulfone, polyvinyl chloride (PVC), polyvinylidene fluoride (PVDF) among others.
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“The wastewater treatment plants are in control of filtering the water by removing the massive quantity of wastes from water before releasing it into the environment. This amazingly reduces the health risks associated with the rising environmental pollution, which is further expected to bring vast growth opportunities to the market over the coming years.
The biodegradable materials from wastewater can be turned into natural fertilizers which are used in the agricultural sector to increase the number of yielding crops. This results in the reduction of utilization of chemical fertilizers in the agriculture sector.
Therefore, Membrane Separation Technology Market stakeholders are suggested to focus on the Water & Wastewater Treatment in the application segment to capture more market share in the India Membrane Separation Technology Market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Membrane Separation Technology Market By Technology (Reverse Osmosis, Microfiltration, Ultrafiltration, Nanofiltration, Others), By Application (Water & Wastewater Treatment, Food & Beverage, Industry Processing, Medical & Pharmaceutical and Others), By Region, Competition Forecast & Opportunities, FY2017-FY2027” has evaluated the future growth potential of India Membrane Separation Technology Market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the India Membrane Separation Technology Market.
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TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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