Water and Waste Water Treatment and Management Market will Reach USD 1,966.6 mn in 2021
Added: (Wed Dec 06 2017)
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According to the report, India water and waste water treatment and management market was valued at USD 1,399.4 million in 2015 and is expected to reach USD 1,966.6 million in 2021, growing at a CAGR of 6.1% between 2016 and 2021.
India is a major water consumer on account of its growing economy and second largest population in the world. India faces a number of challenges for water treatment and management due to poor infrastructure and limited water availability. In the past decade, wastewater generation in India augmented from 26,254 MLD in 2003-04 to 47,459 MLD in 2011-12. In 2011-12, around 33% of wastewater discharged was treated in India.
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Water treatment technologies offer low cost, hygiene, and environmental protection while providing additional benefits from water reuse. In some cases, due to the use of innovative technologies for the treatment of water, new permits or licenses are required. The demand for fresh or clean water by industrial and agricultural sectors is increasing rapidly. In addition, fast-growing world population, and recycling/reuse of limited water resources are also aiding in increasing the Indian water treatment market. The industrial growth along with rising population is contributing towards increasing demand for water treatment products across most of the countries.
Different types of chemicals involved in the water and waste water treatment include coagulants and flocculants, anti-foamants and defoamers, corrosion and scale inhibitors, activated carbon, biocides and others. Corrosion and scale inhibitors in the chemical industry gathered the major share of the water treatment market in India. It acquired more than 24% share of the overall market in 2015.
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Pumping systems used in water treatment are pumps, valves & controls, and automation systems. Valves and controls dominated the overall market in 2015. Industrial application emerged as the major segment of the market and accounted for around 73% share of the total market in the same year.
Moreover, huge gap between wastewater generation and treatment in India, wastewater treatment has become a potential market. Few large global and domestic players such as Doshi Ion, Degremont, Driplex, Ion Exchange India, Thermax, Veolia Water and VA tech Wahag have already engaged in the India water and wastewater treatment market. Key players operating this industry include Hitachi Plant Technologies Ltd, GE Water & Process Technologies, Aquatech International Corporation, Ramky Enviro Engineers Ltd, Thermo Fisher Scientific Inc, IDE Technologies Ltd, and Ion exchange (India) limited among others.
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