The India Water And Wastewater Treatment Technologies Market size is expected to grow from INR 7000 Cr to 14,000 Cr during the forecast period (2023-2028).
The COVID-19 outbreak negatively affected the Indian economy and the operations of several end-user industries of the market studied. It reduced the outflow of industrial wastewater. The COVID-19 pandemic resulted in a massive drop in oil demand. As a result, the industry’s need for water treatment technologies declined. In the food and beverage industry, labor shortages and the shutdown of plants reduced the food production levels in 2020. Furthermore, in the pulp and paper industry, major consumers’ reduced imports of packaging material resulted in a domestic oversupply of pulp and paper products in the manufacturing countries. This oversupply issue is negatively affecting the growth of the industry.
In the medium term, the rapidly diminishing freshwater resources and growing wastewater complexities will likely drive the demand for water and wastewater treatment technologies in India.
The high cost of water treatment plants is expected to hinder the growth of the market studied.
Innovations in water treatment technologies are anticipated to act as an opportunity for the market studied.
India Water & Wastewater Treatment Industry Segmentation
The Indian water and wastewater treatment (WWT) technology market is segmented by equipment type and end-user industry. The market is segmented by equipment type into treatment equipment, process control equipment, and pumps. The treatment equipment is further segmented into oil/water separation, suspended solids removal, dissolved solids removal, biological treatment/nutrient, metals recovery, disinfection/oxidation, and other treatment equipment. The market is segmented by end-user industry: municipal, food and beverage, pulp and paper, oil and gas, healthcare, poultry and agriculture, chemical, and other end-user industries. For each segment, the market sizing and forecasts have been done based on revenue.
In the fiscal year 2021-2022, it is estimated that the total implementation cost of Swachh Bharat Mission-Urban 2.0 for its various components is INR 1,41,600 crores (~USD 18.998 billion). Out of which, the Government of India’s share will be INR 36,465 crores (~USD 4.892 billion), while the rest will be from other sources of funds, including CSR from the public/ private sector, external assistance, etc. It includes the fund allocation for water and wastewater treatment in the country.