India Wastewater Treatment Plants Market to Grow at CAGR of Over 12% Through 2021: Says TechSci Research
NEW YORK, April 29, 2016 /PRNewswire/ --
Rapid Urbanization, Increasing Industrialization Coupled With Strict Government Regulations to Drive Demand for Wastewater Treatment Plants Across India Through 2021
According to TechSci Research report "India Wastewater Treatment Plants Market By Type, By Plant Category, By Operating Mode, Competition Forecast and Opportunities, 2011-2021", wastewater treatment plants market in India is projected to grow at a CAGR of over 12% during 2016-2021, on account of increasing water pollution, rapid urbanization, implementation of stringent regulations pertaining to proper treatment and disposal of sewage along with restrictions on discharge of effluent wastewater into water bodies. Demand for wastewater treatment plants in India is surging on account of rising industrialization and development of residential sector that require installation of sophisticated municipal wastewater treatment systems. Strict directives issued by Central Pollution Control Board (CPCB) regarding proper disposal and management sewage necessitate construction of new sewage treatment plants in the country. Further, increasing penetration of municipal wastewater treatment plants in residential and commercial sectors is projected to drive India wastewater treatment plants market over the next five years.
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Browse 21 market data Tables and 44 Figures spread through 115 Pages and an in-depth TOC on " India Wastewater Treatment Plants Market "
Refineries garnered the largest share in India wastewater treatment plants market, on the heels of large amount of wastewater generated from the industry and increasing refining capacity of India. In 2015, India had a refining capacity 223.3 MMTPA and this is projected to cross 310 MMTPA by 2017. Indian pharmaceutical industry is forecast to grow at a CAGR of 12.89% over 2015-20 to reach USD55 billion by 2020, and this is projected to drive India industrial wastewater treatment plants market. Maharashtra accounted for the largest demand for wastewater treatment plants in India and the state is expected to maintain its dominance through 2021 on the back of large installed capacity for sewage treatment and presence of a number of oil & gas, textile and sugar industries. India wastewater treatment plants market is highly fragmented and few of the major players operating in the market include VA TECH WABAG LIMITED, Paramount Limited, Veolia Water India, Ion Exchange Limited and Triveni Engineering & Industries Ltd., among others.
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"Rising export of refinery and pharmaceutical products along with several other chemicals has increased the domestic production capacity and this has increased the need for installation of wastewater treatment plants across India. In addition, scarcity of water resources coupled with strict government directives have encouraged water re-use and recycling practices that is driving demand for municipal and industrial wastewater treatment plants in the country. Implementation of Zero Liquid Discharge regulation by the government on sugar, textile, oil & gas, pharmaceuticals, refineries and pulp & paper industries, among others is further anticipated to stimulate growth in India wastewater treatment plants market through 2021.'’ said Mr. Karan Chechi, Research Director, with TechSci Research, a research based global management consulting firm.
"India Wastewater Treatment Plants Market By Type, By Plant Category, By Operating Mode, Competition Forecast and Opportunities, 2011-2021" has analyzed the potential of wastewater treatment plants market provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the industry.
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