PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1682760
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1682760
The India water treatment market is experiencing significant growth, driven by increasing water scarcity, rapid urbanization, and government initiatives aimed at improving water infrastructure. In 2024, the market size is estimated at USD 12.1 billion and is projected to reach USD 40.9 billion by 2032, advancing at a compound annual growth rate (CAGR) of 16.7% during the forecast period.
This growth is primarily attributed to India's substantial population, which accounts for 18% of the global population but possesses only 4% of the world's water resources, creating an urgent need for efficient water management. Additionally, rising pollution levels in rivers and groundwater further drive the demand for advanced water treatment solutions.
Key Insights
Government Initiatives: Programs such as the Jal Jeevan Mission and Atal Mission for Rejuvenation and Urban Transformation (AMRUT) are investing significantly to enhance water infrastructure, particularly in rural and urban areas. The National Mission for Clean Ganga is another key initiative aiming to improve wastewater management and river conservation.
Industrial Demand: The expansion of industries like food and beverage, pharmaceuticals, and manufacturing is fueling the demand for wastewater treatment solutions. Stricter environmental regulations and growing awareness of sustainable water use are encouraging industries to adopt advanced filtration and recycling technologies.
Desalination Efforts: India is increasingly turning to desalination to tackle freshwater scarcity, especially in coastal areas. With rapid urbanization and climate change affecting traditional water sources, desalination is emerging as a reliable alternative for providing potable water.
Regional Growth: The southern region of India is anticipated to witness the fastest growth in the water treatment market, driven by urbanization, industrialization, and proactive government policies promoting water conservation and treatment initiatives.
Technological Advancements: The integration of advanced technologies, such as membrane filtration, ultraviolet disinfection, and biological treatment processes, is enhancing the efficiency and effectiveness of water treatment solutions in India.
Municipal Water Treatment: The municipal sector holds the largest share in the application segment, reflecting the government's focus on providing clean and safe drinking water to the population.