India Water and Wastewater Treatment Market Size Almost Doubles at 10% CAGR to Cross USD 3 Billion by 2029

Published | 14 March 2023

India water and wastewater treatment market is flourishing because of high demand for water from growing population and various industries and stringent regulations on effluent treatment.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India water and wastewater treatment market size at USD 1.56 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects India water and wastewater treatment market size to grow at a significant CAGR of 10.05% reaching a value of USD 3.03 billion by 2029. Major growth factors of India water and wastewater treatment market include increasing stringent regulations on effluent treatment and rising use of shale gas in manufacturing and energy industries. India is the world's third-largest coal producer. Also, the implementation of stringent government rules, such as the zero liquid discharge regulation, for the treatment of sewage prior to release into bodies of water is likely to drive demand for wastewater treatment plants through 2025. According to an estimate, by 2030, India's water demand will be two times greater than availability, signifying catastrophic water scarcity in the country. Long-term demand for such water treatment systems is predicted to increase due to the scarcity of water for industrial and residential use. The entire implementation cost of Swachh Bharat Mission-Urban 2.0 for its different components was predicted to be INR 1,41,600 crore (USD 18.998 billion) in fiscal year 2021–2022. The Government of India contributed INR 36,465 crore (USD 4.892 billion), with the remainder coming from other sources, such as CSR from the public/private sector and external help. It contains the country's fund allocation for water and wastewater treatment. However, high investment deterring the customers from adopting technologies is anticipated to restrain the overall market growth during the period in analysis.

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India Water and Wastewater Treatment Market – Overview

Water and wastewater management is an emerging subsegment of India's environmental technology sector. By 2030, India's demand for water is expected to be twice that of available supplies. To address these issues, government and private sector facilities are developing comprehensive water and wastewater treatment and distribution infrastructure. In India, there is an increasing need for high-end treatment technology. Several government efforts, including the Atal Mission for Rejuvenation and Urban Transformation, the National Mission for Clean Ganga, the Jal Jeevan Mission, and Community Drinking Water Schemes, contribute to the expansion of the Indian water and wastewater treatment business. The Indian government established the Jal Shakti Ministry in May 2019, uniting all water-related agencies under one ministry in order to ensure clean drinking water to the people of India. The Jal Shakti Ministry quickly established the Jal Jeevan Mission, which aims to supply piped drinking water to 146 million homes in 700,000 villages by 2024. The mission has allocated USD 51 billion to states in order to raise home water connection coverage from 18.33% in 2019 to 100% by 2024. Water meters, water quality monitoring systems, water management-related IT systems, tertiary treatment technology, and water-related engineering, procurement, and construction firms will benefit from this ambitious undertaking.

Impact of COVID-19 on India Water and Wastewater Treatment Market

COVID-19 had a detrimental impact on the Indian economy operations and the various end-user industries in the market. It lowered industrial wastewater output. The pandemic caused a significant decline in oil demand. As a result, the requirement for water treatment technology in the sector has decreased. Labor constraints and plant closures in the food and beverage industry limited food production levels in 2020. Likewise, in the pulp and paper business, the reduction in packaging material imports by key customers resulted in a domestic excess of pulp and paper products in the manufacturing countries. However, the growing need for an effective strategy to the proper disposal of industrial wastewater is attributable to the rising demand for wastewater treatment. Also, the pandemic necessitated the use of improved wastewater treatment in hospitals in order to prevent the virus from spreading. As a result, during the pandemic, decentralized wastewater treatment plants with numerous disinfection barriers in quarantine centers and isolation wards gained popularity.

India Water and Wastewater Treatment Market – By Application

Based on application, India water and wastewater treatment market is bifurcated into Municipal and Industrial. The municipal segment dominated the market. Wastewater treatment is required and practiced across India in different cities. Preliminary treatment, main and secondary treatment, tertiary treatment, biological nutrient removal (BNR), resource recovery, and energy generation are all important applications of treatment methods. Biomass is used extensively in municipal wastewater treatment. As a result, biological treatment is an important stage in the treatment of biowaste. Wastewater technology is largely employed by municipal authorities in various cities across India for municipal wastewater treatment. According to the World Bank, India, China, Indonesia, Nigeria, and the United States will dominate the world's urban population growth by 2050. Also, the Indian government aims to provide 100% of its population with safe and enough drinking water within premises by 2024 or 2025, which will strengthen the country's municipal water treatment plants. Hence, such factors have boosted the segment expansion.

Competitive Landscape

Major players operating in India water and wastewater treatment market include Ecolab Inc., Veolia Group, Evoqua Water Technologies LLC, Aquatech International Corporation, Calgon Carbon Corporation, and Toshiba Water Solutions Private Limited. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Water and Wastewater Treatment Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Water and Wastewater Treatment Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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