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Indian water purifier market to reach $4.1 bn by 2024: Study

RO and UV purifying technologies expected to show a strong growth rate, says TMR report

Water splashes image via Shutterstock
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<a href="http://www.shutterstock.com/pic-132585905/stock-photo-water-flowing-in-a-glass-with-huge-splashes.html" target="_blank">Water splashes</a> image via Shutterstock

BS B2B Bureau Mumbai
India’s water purifier market is expected to reach $4.1 billion by the end of 2024 as compared to $1.1 billion in 2015, according to the report of the US-based Transparency Market Research (TMR). During the forecast years of 2016 and 2024, the overall market is expected to register a CAGR of 15.4 percent.

The top two players, Eureka Forbes and Kent RO System Ltd, held a dominant share of 65 percent in the India water purifier market in 2015. The consolidated market is expected to see the entry of several small and big companies, which spells hope for competition in the

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