PUBLISHER: Inkwood Research | PRODUCT CODE: 1260735
PUBLISHER: Inkwood Research | PRODUCT CODE: 1260735
The India water infrastructure and repair technology market is projected to grow with a CAGR of 7.64% during the forecast period. While the base year considered for the studied market is 2022, the estimated years are between 2023-2032. Drivers, such as stringent government policies linked to polluted water discharge by industries as well as the increase in river cleaning programs and sewage treatment plants, are expected to propel the country's market growth.
India is regarded as one of the most crucial markets for water infrastructure and repair technologies due to rapid industrialization and economic growth. Moreover, with a significantly high population, the country is also the second-largest consumer of water and presents lucrative opportunities for the water infrastructure and repair technology market. Positive developments in India's economic conditions are also likely to foster developments in the wastewater treatment industry, which is conducive to the market's growth.
On the other hand, $38.63 billion was granted to the Jal Jeevan Mission during the 2021 financial budget. The mission aims for liquid waste management in around 500 cities as well as water supply across all 4,378 ULBs, in addition to 2.88 crore household tap connections. As a result, the aforementioned factors are anticipated to augment the India water infrastructure and repair technology market growth during the forecasted years.
Some of the leading firms operating in the market are: Toshiba Water Solutions Pvt Ltd, Aquatech International LLC, etc.