India Wastewater Treatment Plants Market Foreseen to Draw a Promising Growth: Likely to Grow at a CAGR of 10.8% by 2027
Published | 02 November 2021
Wastewater treatment plants in India are growing at a high CAGR owing to increased environmental regulations, increasing water pollution, scarcity of water, and the growing demand for wastewater services from different industries….
A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the India wastewater treatment plants market was worth USD 2.6 billion in the year 2020. According to the study, the market is estimated to grow at a CAGR of 10.8%, earning revenue of around USD 5.3 billion by the end of 2027. Growing environmental compliances, water pollution, scarcity of water, and the demand for wastewater services from different industries are driving the growth of this market. The Zero Liquid Discharge Regulation requires industrial facilities to stop dumping wastewater into rivers, lakes, ponds, and the sea by 2025. According to a report released by the Indian government, more than 70% of wastewater from industries, households, and other sources is discharged untreated into water bodies, and only 30% of wastewater generated in India's metropolises is treated. A massive gap remains between the need and the availability of wastewater treatment facilities, creating tremendous opportunities for new and existing market players.
Research & Development Activities Surrounding Wastewater Treatment Powering The India Wastewater Treatment Plants Market
With the increasing water scarcity levels and growth in the country’s population and industrial needs, India is extensively investing in developing cost-effective and environmentally-friendly water treatment methods. As an example, in a study conducted by researchers from India and South Korea, a nano-filter was made by using a graphene oxide/manganese dioxide nanocomposite, which according to the researchers can remove up to 100% of harmful compounds from wastewater. The work of such researchers contributes to the growth of the waste water treatment plants market in India.
The MBBR Process is Driving India’s Wastewater Treatment Plants Market
Based on process, the India wastewater treatment plants market is segmented into moving bed biological reactor (MBBR), and sequencing batch reactor (SBR). The moving bed biological reactor (MBBR) process accounts for the largest share in the India wastewater treatment plants market. This process does not require much physical space and can easily be managed by an unskilled workforce as well. Therefore, industries with limited space and workforce often opt for the MBBR process for wastewater treatment, which is driving its market growth. The segment is expected to retain its dominance throughout the forecast period.
India Wastewater Treatment Plants Market - By End-User
Based on end-users, the India wastewater treatment plants market is segmented into pharmaceuticals, refineries, power & energy, chemicals, paper & pulp, sugar, textile, steel & iron, and others. Among these, the power & energy sector holds the largest market share. In India, thermal power plants consume the most wastewater, since most of this water is used for cooling processes. Furthermore, the expanding power sector as a result of the growing power demand in the country is expected to exacerbate the wastewater problem in this sector. Similarly, the textile industry uses a lot of water for coloring and finishing, which generates a lot of wastewater, which requires wastewater treatment plants.
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West India Driving the India Wastewater Treatment Plants Market
Geographically, the India wastewater treatment plants market is segmented into North India, South India, East India, and West India. The Western region of India accounts for the largest share in the India wastewater treatment plants market. However, the Southern region of the country is anticipated to witness substantial growth during the forecast period. Water scarcity problems and dwindling groundwater levels in major cities in this region are driving the need for new wastewater treatment plants to manage the population's water requirements.
Impact of COVID-19 on India Wastewater Treatment Plants Market
India wastewater treatment plants market were initially halted by the sudden outbreak of the COVID-19 pandemic. Since the government imposed a lockdown and enforced social distancing norms to curb the spread of the disease, there was a shortage of employees at wastewater treatment plants. However, the COVID-19 also sparked the discussion surrounding the adoption of sustainability and environment protection, along with economic development. This is anticipated to boost the significance and establishment of wastewater treatment plants in India, driving the overall market growth.
The leading players in the India wastewater treatment plants market are SUEZ Water Technologies & Solutions, Thermax Ltd., Doshion Veolia Water Solutions Pvt Ltd., VA Tech Wabag Ltd., Ion Exchange India Ltd., Larsen & Toubro Limited, Ecolab, Triveni Engineering & Industries Ltd., Paramount Limited, Toshiba Water Solutions Private Limited, and other prominent players.
Large players dominate the market, offering effective wastewater treatment technologies and methods. The companies spend a significant amount of money on research and development activities to strengthen their market position. They also continuously upgrade their product line to increase their product penetration. Additionally, competitive strategies like partnerships, mergers, acquisitions, joint ventures, etc., are common in this market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the India wastewater treatment plants market. The report also highlights the factors driving forecasts of total market size. It promises to provide insights into the latest technologies in the India wastewater treatment plants to aid decision-makers in making smart strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
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