Rising municipal, industrial water usage to push growth in Indian MBR market
Rapid industrialization, population growth and a thriving economy are expected to drive up the demand for more reliable supplies of municipal and industrial water over the next several years. Also, the Centre’s ‘Make in India’ initiative is expected to further boost industrial production and lead to more demand for water and wastewater treatment, pushing up growth in the membrane bioreactor (MBR) market.
The India membrane bioreactor market was valued at around $90 million in 2018 and is estimated to expand to around $130 million at a CAGR of 5.8 per cent from 2019 to 2025, according to a recent market research report.
Municipal application is expected to remain the largest application segment in coming years. The municipal segment accounted for over 71 per cent of the market share in 2018. Growing population and rapid urbanization exerting high demand of fresh water are the factors expected to drive the growth of the segment.
Rapid rise in urban population coupled with rising disposable income is also expected to promote the growth of the housing sector in the country. This factor is expected to increase the penetration of municipal wastewater facilities thus likely to promote the demand for membrane bioreactor over the forecast period.
India is considered as one of the important markets for membrane bioreactors and is dominated by foreign, regional and local companies including Koch Membrane Systems Evoqua Water Technologies, SUEZ, VA Tech Wabag, Toshiba Water Solutions, Ion Exchange India Ltd, Thermax India Ltd, Aquatech International and Brisanzia Technologies, among several others.
Membrane bioreactors find numerous applications in the industrial sector. They are used for raw and processed water in several industries including chemical, paper and pulp, food and beverages, mining and refineries. Rapid urbanization, technological development, increasing production units resulting in high demand for fresh and processed water, are key driving factors for growth in water and wastewater treatment market.
In terms of revenue share, side stream membrane bioreactor segment is expected to dominate the India MBR market over the forecast period. It accounted for 69 per cent of the market share in 2018 and is expected to register a CAGR of 6.30 per cent from 2019 to 2025.
The India MBR market is highly competitive in nature and depends on technological advancements and product development. The leading companies focus on enhancing their market share along with profitability through innovations. The market heavily relies on raw material suppliers and manufacturers.
