India Water and Wastewater Treatment Technology Market: Oil/Water Separation Equipment
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The India water and wastewater treatment technology market is witnessing substantial growth, as highlighted in a recent report by TechSci Research titled “India Water and Wastewater Treatment Technology Market - By Region, Competition, Forecast & Opportunities, 2029”. This growth is primarily attributed to the depletion of freshwater resources and escalating demand for water recycling technologies. Furthermore, there's a notable surge in the requirement for energy-efficient and innovative water treatment solutions anticipated during the forecast period.
Rapid population growth and industrialization across various sectors necessitate the use of chemically treated water, thereby driving the demand for water treatment technologies. Notably, investments by the Department of Water Resources have witnessed a steady annual growth rate of 5% from 2016 to 2021, as per a study by the Indian Ministry of Jal Shakti. This trend underscores a significant factor contributing to the expansion of the India water and wastewater treatment technology market.
The scarcity of freshwater resources, prevalent in both developed and emerging economies, has spurred governments to intensify their focus on water treatment technologies to ensure the availability of clean water. These factors collectively propel the growth trajectory of the India water and wastewater treatment technology market.
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India, being the second-largest water consumer globally, utilizes over 740 billion cubic meters of water annually. However, depleting groundwater levels and escalating water consumption underscore the country's reliance on water treatment technologies. For instance, the severe water shortage experienced in Chennai in 2019 necessitated the establishment of desalination plants. The escalating demand for better water management, coupled with the depletion of groundwater, is expected to fuel the establishment of more desalination plants, thus driving market growth.
The India water and wastewater treatment technology market is segmented based on equipment type, chemicals, end-user industry, and region. Treatment equipment dominates the market, driven by technologies such as oil/water separation, suspended solids removal, and biological treatment, widely utilized across industries.
In the end-user segment, the municipal sector leads, given the frequent utilization of wastewater technology for municipal wastewater treatment. Various stages of treatment technologies, including preliminary treatment and biological nutrient removal, underscore the significance of municipal wastewater treatment.
Key market players in the India water and wastewater treatment technology market include:
Aquatech Systems Asia Pvt Ltd
E.I. DuPont India Private ltd
Evoqua Water Technologies India Private Limited
Hitachi India
Mott Macdonald
Schlumberger Asia Services Ltd.
Siemens Water Solutions
Suez India
Hindustan Dorr-Oliver
Thermax Ltd
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Government initiatives, such as the plan to provide clean drinking water to all citizens by 2024 or 2025, further expand municipal water treatment facilities. Collaborations between entities like IDE Technologies and the Andhra Pradesh government for establishing desalination facilities highlight efforts to address urban water shortages.
In conclusion, the India water and wastewater treatment technology market is poised for expansion, driven by industrial growth in sectors like electricity, pharmaceuticals, and chemicals. Infrastructure projects such as the Delhi-Mumbai Industrial Corridor Project (DMIC) and initiatives like the petroleum, chemicals, and petrochemical investment region (PCPIR) are expected to further bolster market growth. Mr. Karan Chechi, Research Director at TechSci Research, emphasizes the market's potential for growth and highlights the report's insights into emerging trends, drivers, challenges, and opportunities within the sector.
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