LONDON
Technavio, a tech-focused research firm, has published a new report on the water purifier market in India, which is expected to grow at a CAGR of more than 23% from 2015-2019.
According to the latest report by Technavio, the growing concerns about waterborne diseases has tremendously led to increased demand for water purifiers in India, especially during the monsoon season. Almost 75% of the Indian rural population staying in rural areas do not have access to clean and safe drinking water.
“Waterborne diseases constitute about 78% of the total diseases in India, and it is also the most common cause of death. This has raised general awareness, which subsequently increases the demand for water purifiers,” says Faisal Ghaus, Vice President of Technavio.
The report also discusses the demand for offline water purifiers, which can operate without electricity. This innovation is beneficial to the consumers in the rural areas, as they not have access to basic amenities like safe drinking water and electricity.
“Offline water purifiers remove bacteria and viruses from water, thus making it safe for drinking. These purifiers are affordable as well, and have a huge growth potential in the rural areas of India,” adds Ghaus.
Technavio currently has more than 3000 market research reports on a huge range of topics, including:
About Technavio
Technavio is a leading global technology research and advisory company.
Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20150813005411/en/
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