India Wastewater Treatment Plants Market to Grow at CAGR of over 12% through 2021
Rapid
urbanization, increasing industrialization coupled with strict government
regulations to drive demand for wastewater treatment plants across India
through 2021
According to TechSci Research
report “India Wastewater TreatmentPlants Market By Type,
By Plant Category, By Operating
Mode, Competition Forecast and Opportunities, 2011-2021”,
wastewater
treatment plants market in India is projected
to grow at a CAGR of over 12% during 2016-2021, on account of increasing water
pollution, rapid urbanization, implementation of stringent regulations pertaining
to proper treatment and disposal of sewage along with restrictions on discharge
of effluent wastewater into water bodies. Demand for wastewater
treatment plants in India is surging on account of
rising industrialization and development of residential sector that require installation
of sophisticated municipal wastewater treatment systems. Strict directives
issued by Central Pollution Control Board (CPCB) regarding proper disposal and management
sewage necessitate construction of new sewage treatment plants in the country. Further,
increasing penetration of municipal wastewater treatment plants in residential
and commercial sectors is projected to drive India wastewater treatment plants
market over the next five years.
Refineries
garnered the largest share in India wastewater treatment plants market, on the
heels of large amount of wastewater generated from the industry and increasing
refining capacity of India. In
2015, India had a refining capacity 223.3 MMTPA and this is projected to cross
310 MMTPA by 2017. Indian pharmaceutical industry is forecast to grow at a CAGR
of 12.89% over 2015–20 to reach USD55 billion by 2020, and this is projected to
drive India industrial wastewater treatment plants market. Maharashtra
accounted for the largest demand for wastewater treatment plants in India and
the state is expected to maintain its dominance through 2021 on the back of
large installed capacity for sewage treatment and presence of a number of oil
& gas, textile and sugar industries. India wastewater treatment plants market
is highly fragmented and few of the major players operating in the market include
VA TECH WABAG LIMITED, Paramount Limited, Veolia Water India, Ion
Exchange Limited and Triveni Engineering & Industries Ltd., among others.
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“Rising
export of refinery and pharmaceutical products along with several other
chemicals has increased the domestic production capacity and this has increased
the need for installation of wastewater treatment plants across India. In
addition, scarcity of water resources coupled with strict government directives
have encouraged water re-use and recycling practices that is driving demand for
municipal and industrial wastewater treatment plants in the country. Implementation
of Zero Liquid Discharge regulation by the government on sugar, textile, oil
& gas, pharmaceuticals, refineries and pulp & paper industries, among
others is further anticipated to stimulate growth in India wastewater treatment
plants market through 2021.’’ said Mr. Karan Chechi, Research Director, with
TechSci Research, a research based global management consulting firm.
“India Wastewater Treatment
Plants Market By Type,
By Plant Category, By Operating
Mode, Competition Forecast and Opportunities, 2011-2021” has analyzed
the potential of wastewater treatment plants market 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 in taking sound investment decisions. Besides, the report also identifies
and analyzes emerging trends along with essential drivers and key challenges
faced by the industry.
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