India Water and Wastewater Treatment Technology Market is Expected to Grow at a High CAGR through 2029
India water and wastewater
treatment technology market is expected to grow during the forecast period due
to increasing investment in water technologies.
According to TechSci Research
report, “India Water and Wastewater Treatment Technology Market - By Region,
Competition, Forecast & Opportunities, 2029”, the India water and
wastewater treatment technology market is growing owing to freshwater supplies
that are quickly running out and a growing demand for technologies that
can reuse water. Additionally, the market is anticipated to benefit from the
increased need for energy-efficient and innovative water treatment technologies
during the forecast period.
Due to population growth and
industrialization in many end-use sectors where water treatment technology is
utilized to produce clean, drinking water, the demand for chemically treated
water rose. For instance, spending by the department of water resources climbed
at a 5% annual growth rate from 2016 to 2021, according to a study released by
the Indian Ministry of Jal Shakti. This may be one of the major forces boosting
the growth of the India water and wastewater treatment technology market.
Additionally, due to a shortage of freshwater resources, both developed and
emerging nations experience water scarcity issues. As a result, governments
have increased their attention on water treatment technology to provide clean
and usable water. Such factors are driving the growth of the India water and
wastewater treatment technology market.
India uses over 740 billion cubic
meters of water annually to fulfil demand, making it the second-largest water
user across the world. However, the country's dependence on water treatment
technologies is fueled by declining groundwater levels and rising water
consumption. For instance, due to a severe water shortage in Chennai in 2019,
which was caused by the country's declining subsurface water supply, there is
an increased demand for better water management. Two desalination plants are
now in operation in the city, and the total depletion of groundwater is likely
to encourage the building of further desalination plants in the near future,
which, in turn, will drive the growth of the India water and wastewater
treatment technology market during the forecast period.
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The India water and wastewater
treatment technology market is segmented into equipment type, chemicals,
end-user industry, and region. Based on equipment type, the market is segmented
into treatment equipment, process control equipment, and pumps. Based on
chemicals, the market is segmented into coagulants & flocculants, antifoams
& defoamers, corrosion & scale inhibitors, activated carbon, biocides,
and others. Based on end-user industry, the market is segmented into municipal,
food and beverage, pulp and paper, oil and gas, healthcare, poultry and
agriculture, chemical, and others.
Based on equipment type, the
market is dominated by the treatment equipment segment, owing to treatment equipment
technologies that includes oil/water separation, suspended solids removal,
dissolved solids removal, biological treatment/nutrient, and metals recovery,
disinfection/oxidation, and other treatment equipment, which are majorly used
in all kinds of industries and has high cost.
Based on end user industry, the
municipal segment dominated the market in 2023 owing to municipal
administrations in numerous places across India that frequently use wastewater
technology for municipal wastewater treatment. Wastewater treatment is required
and utilized in several places across India. Preliminary treatment, main and
secondary treatment, tertiary treatment, biological nutrient removal (BNR),
resource recovery, and energy generation are some of the important uses of
treatment technologies. A lot of biomass is used in the treatment of municipal
wastewater. As a result, biological treatment is an important stage in the
treatment of biowaste.
According to the Ministry of Jal
Shakti of the Indian government, in FY 2022, 61.52% of rural residents had
access to clean and sufficient drinking water on-site, up from 55.23% in FY
2021. Additionally, the Indian
government plans to supply all its citizens with access to clean and sufficient
drinking water inside of buildings by the years 2024 or 2025, which will expand
the nation's municipal water treatment facilities. IDE Technologies teamed up
with the Andhra Pradesh government to establish desalination facilities in
several states to address the water shortage in urban areas.
Key market players in the
India water and wastewater treatment technology market include:
- Aquatech Systems Asia Pvt Ltd
- E.I. DuPont India Private ltd
- Evoqua Water Technologies India
Private Limited
- Hitachi India
- Mott Macdonald
- Schlumberger Asia Services Ltd.
- Siemens Water Solutions
- Suez India
- Hindustan Dorr-Oliver
- Thermax Ltd
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“The India water and wastewater
treatment technology market is expected to expand during the projected period.
With India's industrial sectors, notably those in electricity, pharmaceuticals,
chemicals and petrochemicals, and textiles, the market for industrial projects
is anticipated to expand. Moreover, the Delhi-Mumbai Industrial Corridor
Project (DMIC), among other significant infrastructure expenditures, is
anticipated to spur industrial growth, particularly in the food and beverage,
engineering, metals, textiles, chemicals and petrochemicals, autos, electrical,
and electronics sectors. India is a rapidly expanding market for the
electricity sector. The expansion of the water and wastewater treatment
technology market will also be supported by new initiatives such as the
petroleum, chemicals and petrochemical investment region (PCPIR), which will
help the nation's downstream oil and gas industry,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“India Water and Wastewater
Treatment Technology Market By equipment type (Treatment Equipment (Oil/Water
Separation, Suspended Solids Removal, Dissolved Solids Removal, Biological
Treatment/Nutrient, and Metals Recovery, Disinfection/Oxidation, Other Treatment
Equipment), Process Control Equipment, Pumps), By Chemicals (Coagulants
& Flocculants, Antifoams & Defoamers, Corrosion & Scale Inhibitors,
Activated Carbon, Biocides, Others), By End-User Industry (Municipal, Food
& Beverage, Pulp & Paper, Oil & Gas, Healthcare, Poultry,
Agriculture, Chemical, and Other End-User Industries), By Region, Competition,
Forecast & Opportunities, 2019-2029”, has evaluated the future growth
potential of the India water and wastewater treatment technology market and
provides statistics and information on market structure, size, share, and
future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in the India water and
wastewater treatment technology market.
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