PR Newswire
10 Aug 2022, 11:19 GMT+10
The government implements new business models to attract private market participants in the industry and expedite its growth, says Frost & Sullivan.
MUMBAI, India, Aug. 10, 2022 /PRNewswire/ -- Frost & Sullivan's recent analysis, Indian Water and Wastewater Treatment Industry find that the Indian water and wastewater (WWW) treatment market will experience a boom as the country witnesses increase in private investments and the government implements new business models to attract remote market participants in the industry and expedite its growth. Additionally, according to the World Bank, implementing effective water management strategies will aid India in achieving additional 0.5% economic growth. This will lead the country's gross domestic product (GDP) growth to 8% every year.
The Indian WWW treatment market will likely reach INR169.58 billion by 2025 from INR106.7 billion in 2020, registering growth at a compound annual growth rate (CAGR) of 9.7%.
For further information on this analysis, please visit: https://frost.ly/7fu
"Water stress and the need for high-quality water are expected to drive the demand for advanced water treatment & recycle-and-reuse systems in India," said Nideshna Varatharajan, Energy & Environment Senior Consultant at Frost & Sullivan. "Moreover, in the next five years, the demand for water recycling and internet of things (IoT)-based solutions would be driven by water conservation, process optimization and need for efficient water management."
Varatharajan added: "India will witness a surge in industrial growth as it focuses on economic diversification to reduce its dependence on service sectors. This inflates the demand for industrial process water and drives the need for industrial effluent treatment. Similarly, the country's need to meet the ongoing water stress in various parts will unlock immense growth prospects for market participants involved in the municipal segment."
The rise of the Indian WWW treatment industry as a sunrise sector presents the following opportunities:
Indian Water and Wastewater Treatment Industry is the latest addition to Frost & Sullivan's Energy & Environment research and analysis available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
For over six decades, Frost & Sullivan has helped build sustainable growth strategies for Fortune 1000 companies, governments, and investors. We apply actionable insights to navigate economic changes, identify disruptive technologies, and formulate new business models to create a stream of innovative growth opportunities that drive future success. Contact us: Start the discussion.
Indian Water and Wastewater Treatment Growth Opportunities
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Contact:
Aishwarya Nair
Corporate Communications
E: [email protected]
https://www.frost.com/
SOURCE Frost & Sullivan
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