India's Water Infrastructure: A Market of $2.08 Billion
India's water infrastructure plays a crucial role in the country's development and sustainability. With a growing population and increasing urbanization, the demand for clean and accessible water has become a pressing issue. As a result, the water sector has emerged as a significant market, with various segments contributing to its growth.
Water EPC Market
According to the Central Pollution Control Board (CPCB), India generates a substantial amount of wastewater, with an estimated volume of almost 39,600 million litres per day (mld) in rural regions and 72,368 mld in urban regions for the year 2020-21. This highlights the need for robust water treatment and management systems.
The water EPC (Engineering, Procurement, and Construction) market in India is witnessing significant growth to address this challenge. The market is valued at $2.08 billion and is expected to experience further expansion in the coming years. The demand for EPC services in water infrastructure projects, including wastewater treatment plants, is on the rise, creating lucrative opportunities for both domestic and international players in the industry.
Piped Water Supply Market
India's plastic pipe market, which is a crucial component of the piped water supply infrastructure, is also witnessing remarkable growth. It is projected to grow at a Compound Annual Growth Rate (CAGR) of 10.3% from 2022 to 2027, reaching an estimated value of $10.9 billion. This growth can be attributed to the increasing demand for reliable and durable piping systems for water supply networks.
The government's initiatives such as the Jal Jeevan Mission, which aims to provide piped water supply to every household in rural India by 2024, are driving the demand for plastic pipes. These pipes offer advantages such as corrosion resistance, cost-effectiveness, and ease of installation, making them a preferred choice for water distribution networks.
Water Treatment Chemical Market
Another significant segment within India's water infrastructure market is the water treatment chemical market. According to TechSci Research, the market was valued at $1760.38 million in 2022 and is expected to witness robust growth in the forecast period. Water treatment chemicals are essential for ensuring the quality and safety of water by removing impurities and contaminants.
The increasing awareness about water pollution and the need for sustainable water management practices are driving the demand for water treatment chemicals in India. Key players in the market are focusing on developing innovative and eco-friendly solutions to meet the growing requirements of the industry.
In conclusion, India's water infrastructure market is witnessing substantial growth, driven by the increasing demand for wastewater treatment, piped water supply, and water treatment chemicals. The government's initiatives and the rising awareness about water conservation and management are creating opportunities for both domestic and international players in the industry. With a market value of $2.08 billion and significant growth potential, the water infrastructure sector in India presents a promising investment opportunity for stakeholders.
