Water and Wastewater Management Market in India 2023

HTF Market Intelligence released a new research report of 59 pages on title 'Water and Wastewater Management in India 2023' with detailed analysis, forecast and strategies. The market Study is segmented by key a region that is accelerating the marketization. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones.

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Summary
Wastewater is any water contaminated by human activity or has had its quality negatively impacted. The techniques used to transform wastewater into an effluent that may either be recycled or returned to the water cycle with minor environmental damage are referred to as wastewater treatment or management. With 600 million Indians facing an extreme water crisis, India is one of the world's most water-stressed regions.

Market Insights:
The water and wastewater management market size in India stood at INR 216.03 Bn in 2022. It is expected to reach INR 518.15 Bn in 2027, expanding at a compound annual growth rate (CAGR) of 15.95% during the 2023 - 2027 period. The Indian market for water and wastewater treatment is anticipated to expand as the nation sees an increase in private investments and the government's implementation of new business models to draw in remote market participants and hasten the industry's expansion.

Market drivers:
The growing regulations by the regional government to prevent pollution of naturally occurring water bodies and illegal wastewater discharge have boosted the market growth. To maintain a balance between the population and freshwater supply, wastewater treatment facilities are needed in large Indian cities where the urban population is constantly growing.

Market challenges:
The high cost of water treatment plants hinders the growth of the market. The cost of wastewater treatment facility is affected by effluent flow rates, water quality, purity, and construction materials. The demand and supply of chemicals and equipment have been negatively impacted by the increasing number of limitations imposed due to the epidemic around the world.

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Impact of COVID-19:
The Central Pollution Control Board (CPCB) directed sewage water treatment plants to ensure that all Covid-19 precautions are taken for their employees to protect them from the SARS-CoV2 infection, as viruses found in sewage water may be a source of disease transmission. Domestic water use increased due to the COVID-19 epidemic, although non-domestic (industrial, institutional, and commercial) water use declined.

Companies Mentioned in the Report

• Ion Exchange (India) Limited
• Siemens Limited
• Thermax Limited
• Va Tech Wabag Limited
• Voltas Limited
• GE India Industrial Private Limited
• Hindustan Dorr Oliver Limited
• Hitachi Systems India Private Limited
• SFC Environmental Technologies Private Limited
• Mott Macdonald Limited

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This release was published on openPR.