In 2023, the import of water filtering or purifying machinery or apparatus to India stood at approximately 114 million USD. Based on forecasted data, there is a consistent upward trend in the import value from 2024 to 2028. The year-on-year growth rate shows a moderate increase, with percentages around 2-2.5% annually. Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is expected to average around 2.5%, indicating steady growth in demand for imported water filtration and purification machinery.
Future trends to watch for include:
- Increasing urbanization and industrial activities driving demand for efficient water purification solutions.
- Potential policy changes or incentives by the Indian government to promote domestic manufacturing that could affect import levels.
- Technological advancements in water purification machinery potentially leading to shifts in import patterns.