The membrane market in India is set to grow with 13% CAGR till 2017
Vancouver, British Columbia (PRWEB) March 18, 2013
Since the very beginning of the 21st century, a heightened concern for sustainable use of Earth’s natural resources has been observed in India as well as abroad. The sudden surge for environmental concern was a result of the rising signals of climate change and rapidly depleting natural resources. In India, the government as well as various private institutions affianced in creating awareness of environmental sustainability and devising solutions to overcome the challenges. The prime focus became meeting the present population’s need for different resources, like water, and restraining any further damage to the environment. The government started actively promoting green/ clean technologies and revised related regulations to be more stringent. As a result, many clean technologies that were commercially viable since long started gaining popularity across different industries.
According to a recently published report by TechSci Research “India Membrane Market Forecast and Opportunities, 2017”, Indian membrane market is expected to grow tremendously, to surpass USD 300 Million in 2015. Given the huge potential of membrane market in India, their market is forecasted to grow at a compounded annual growth rate of more than 13%, over the next five years. With RO membranes dominating the membrane market in India, it is expected that the membrane technology will radically change the scenario of the water and waste water treatment industry. Increasing number of municipal and industrial processes are adopting membrane technology in their mainstream production and operations.
The membrane market in India is dominated by multinational players, with a strong presence in the global membrane market. The market is highly consolidated with the top two players accounting for about half of the market value. Local players are mostly unregistered, small to medium sized firms with a strong local presence. Membranes are also imported from small scale manufacturers based in other Asian countries like China.
“India Membrane Market Forecast and Opportunities, 2017” has analyzed the growth potential of membranes in India and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry.
To download complete report, please visit http://www.techsciresearch.com/2124