The government is implementing new business models to attract private market players to the industry and accelerate its growth, Frost & Sullivan says.
Mumbai, India, August 10, 2022 /CNW/ — Frost & Sullivan’s recent analysis, Indian water and wastewater treatment industry find that India’s water and wastewater treatment (WWW) market will boom as the country witnesses an increase in private investment and the government implements new business models to attract distant market players in the industry and accelerate its growth. In addition, according to the World Bank, implementing effective water management strategies will help India achieve additional economic growth of 0.5%. This will drive the country’s Gross Domestic Product (GDP) growth to 8% every year.
India WWW processing market is likely to reach INR 169.58 billion by 2025, from INR 106.7 billion in 2020, registering growth at a compound annual growth rate (CAGR) of 9.7%.
For more information on this analysis, visit: https://frost.ly/7fu
“Water stress and the need for high quality water are expected to drive demand for advanced water treatment and recycling and reuse systems in India,” said Nideshna Varatharajan, senior energy and environment consultant at Frost & Sullivan. “Additionally, over the next five years, demand for water recycling and Internet of Things (IoT) based solutions will be driven by water conservation, process optimization and the need effective water management.
Varatharajan added: “India will experience a spurt of industrial growth as it focuses on economic diversification to reduce its reliance on service sectors. This inflates the demand for industrial process water and drives the need for industrial effluent treatment. Likewise, the need for the country to deal with the ongoing water stress in various regions will open up immense growth prospects for the market players involved in the municipal segment. »
The rise of the Indian WWW processing industry as a booming sector presents the following opportunities:
Membrane modules for the treatment, recycling and reuse of water: As the market for water treatment, reuse and recycling grows, membrane module manufacturers must develop solutions to meet all end-user segments, including municipal and industrial.
The pump market will experience strong growth: Pump manufacturers should take advantage of asset digitization opportunities and develop solutions and capabilities, especially for the municipal segment.
Desalination request: Water treatment original equipment manufacturers (OEMs) should develop expertise in the municipal and industrial segments, as both offer strong growth opportunities in the desalination space.
Capitalize on the Zero Liquid Discharge (ZLD) opportunity: Water OEMs must have strong partnerships with ZLD technology vendors to design and implement effective ZLD systems across all end-user segments.
Indian water and wastewater treatment industry is the latest addition to Frost & Sullivan’s Energy & Environment research and analysis available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous stream of growth opportunities to succeed in the unpredictable future.
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Growth Opportunities of Water and Wastewater Treatment in India
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SOURCE Frost & Sullivan
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