- The global water and wastewater treatment market size is projected to reach USD 456.68 billion by 2026. The increasing demand for water treatment facilities across the world will have a positive impact on the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled ‘Water and Wastewater Treatment Market Size, Share & Industry Analysis, By Segment (Chemicals {pH Conditioners, Coagulants & Flocculants, Disinfectants & Biocidal Products, Scale & Corrosion Inhibitors, Antifoam Chemicals, Other Chemicals}, Equipment {Biological, Filtration, Sludge Treatment, Disinfection, and Other Equipment}, Services), By Application, and Regional Forecast, 2019–2026,’ the market was worth USD 265.30 billion in 2018 and will exhibit a CAGR of 7.1% during the forecast period, 2019–2026.
- Water and wastewater treatment is carried out before being used for commercial and domestic purposes. The growing demand for freshwater, coupled with the low availability of naturally available drinking water has created a subsequent demand fort this process. The increasing investment in the R&D of this process will bode well for the market in the coming years. The constantly increasing global population has created a subsequent demand for water and wastewater treatment across the world. The increasing water shortages have contributed to the growing demand for wastewater treatment. Recent technological advancements will open up a huge potential for the companies operating in the water and wastewater treatment industry in the forthcoming years.
Indian Market
- India is the 2nd largest water consumer in the world. The country needs around 740 billion cubic meters of water per year to serve its population. Further, the water demand is expected to surpass supply within the next 20–25 years. This, in turn, is generating strong growth opportunities for the water and wastewater treatment sector. Increasing demand for pure water due to increased awareness about water quality and health is also important for companies to consider. Besides, there is a huge demand for international, innovative water treatment technology in the sector. The investment opportunities in the water sector are forecasted to increase to $130 billion by 2030.
COVID-19 Impact
- As India and the rest of the world are battling the dreadful coronavirus, water safety is posing a serious threat. We cannot emphasize enough on the importance of efficient water and wastewater management and treatment. This is especially important for a country like India where over 163 million people don’t have access to clean drinking water. Moreover, only 50% of households are using adequate sanitation facilities. Having said that, water consumption is comparatively high because of the increased awareness of hygiene. More and more people are now considering to wash their hands about 5–7 times a day. Owing to this, water consumption has increased to 1.5 times.
- Further, going by the UN World Water Development Report, water sanitation can be a fruitful business at the moment. They suggest a high return on investment in the water and wastewater treatment industry. The cost-benefit ratio is estimated to be 5.5 for improved sanitation and 2.0 for improved drinking water.
- The government is now focusing on the safe disposal of water waste along with the effective treatment of pharma residue.
- The statistics below are taken from Industry data available pre-Corona virus impact.
Map — Industry Clusters
Growth Drivers
- Due to rising water shortages, the water business in India has turned into a multibillion dollar industry.
- Each year, government spending on water infrastructure is increasing under various schemes.
- State governments are also hiking investments in setting up more water and wastewater treatment plants.
- There is a healthy demand for setting up desalination plants in India.
- There is an exponentially increasing demand for water due to population growth, agricultural use, environmental degradation and economic development.
Key Players in India
National
- Thermax India
- Hindustan Dorr-Oliver Limited
- SFC Environmental Technologies Private Ltd
- Ion Exchange India
- Voltas
- VATech Wabag
International
- GE Water & Process Technologies
- W.O.G. Technologies
- Siemens Water Technologies
- Toshiba Water Solutions
- Veolia
Market Stats
- The wastewater treatment plants market in India is projected to grow at a CAGR of over 12% during 2016–2021.
- India’s industrial water and waste water treatment market is expected to reach $ 2.3 billion by 2022.
- India’s water and wastewater treatment chemicals market is projected to reach $ 805 million by 2023.
- Indian pharmaceutical industry is forecast to grow at a CAGR of 12.89% over 2015–2020 to reach USD 55 billion by 2020. This is projected to drive the Indian industrial wastewater treatment plants market.
RIL INVITES COLLABORATIONS WITH FOLLOWING GLOBAL WATER MAJORS FOR HELPING INDIA WITH WATER AND WASTE*
*WATER MANAGEMENT*
- Veolia
- Nalco Water
- Suez
- Hach
- Xylem
- DuPont
- Grundfos
- Evoqua
- Kemira
*WASTE TREATMENT*
- Advanced Disposal Services
- Biffa Group
- Clean Harbors, Inc.,
- Covanta Holding Corporation
- Hitachi Zosen Corporation
- Remondis AG & Co. Kg
- Suez Environment S.A
- Veolia Environment S.A
- Waste Management Inc.
- Republic Services, Inc
- GE Water and Process Technologies
- ITT Corporation
- United Utilities
- Dow Water and Process Solutions
- Evoqua Water Technologies Corporation
Watch out for more details….
RIL Forays Into 457 Bn Water + Waste Global Market was originally published in Exponential Technologies / Industrial Revolutions Based Infrastructure on Medium, where people are continuing the conversation by highlighting and responding to this story.