India Water and Wastewater Treatment (Wwt) Technology Market - Growth, Trends, Covid-19 Impact, and Forecast (2023 - 2028)
The Indian water and wastewater treatment (WWT) technology market is projected to register a CAGR higher than 8.5% during the forecast period.
The COVID-19 outbreak negatively affected the Indian economy and the operations of several end-user industries of the market studied. It reduced the outflow of industrial wastewater. The COVID-19 pandemic resulted in a massive drop in oil demand. As a result, the industry's need for water treatment technologies declined. In the food and beverage industry, labor shortages and the shutdown of plants reduced the food production levels in 2020. Furthermore, in the pulp and paper industry, major consumers' reduced imports of packaging material resulted in a domestic oversupply of pulp and paper products in the manufacturing countries. This oversupply issue is negatively affecting the growth of the industry.
Key HighlightsThe Indian water and wastewater treatment (WWT) technology market is partially consolidated, with the major players accounting for a moderate market share. Key players in the market studied include (not in any particular order) Veolia, Suez, Thermax Limited, VA TECH WABAG LIMITED, and DuPont.
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