Water and Wastewater Management in India 2024-2028

Water and Wastewater Management in India 2024-2028

Wastewater refers to water that has been contaminated by human activity or has undergone a detrimental change in quality. Processes aimed at converting wastewater into an effluent suitable for either recycling or reintroduction into the water cycle with minimal environmental impact are known as wastewater treatment or management. The main objective of wastewater treatment is to enable the safe disposal of human and industrial waste without posing risks to human health or causing unacceptable harm to the environment.

Market insights:

In 2022, the water and wastewater management market in India achieved a value of INR 122.65 Bn. By 2028, it is projected to reach INR 271.19 Bn, with a compound annual growth rate (CAGR) of 14.29% during the period 2023 to 2028. Numerous river segments across the nation confront pollution challenges arising from untreated or partially treated domestic sewage discharge in urban areas, industrial effluents in their catchment zones, operational and maintenance issues with sewage and industrial effluent treatment plants, as well as insufficient dilution and other sources of non-point pollution. Government initiatives such as the Atal Mission for Rejuvenation and Urban Transformation, National Mission for Clean Ganga, Jal Jeevan Mission, and Community Drinking Water Schemes are bolstering the expansion of India's water and wastewater management market.

Market drivers:

The rising regulatory measures implemented by regional governments to curb pollution of natural water bodies and unlawful discharge of wastewater have stimulated market expansion. Specific legislations have been enacted in areas significantly affected by water pollution to shield them from the adverse consequences of wastewater discharge. Municipal authorities in various Indian cities predominantly employ wastewater technology for municipal wastewater treatment. To sustain equilibrium between population growth and freshwater availability, the establishment of wastewater treatment facilities is imperative in major Indian urban centres experiencing continuous population growth.

Market challenges:

The market growth is impeded by the significant expenses associated with water treatment plants. The cost of constructing wastewater treatment facilities is influenced by factors such as effluent flow rates, water quality, impurities, and the materials used in construction. The expenses of most wastewater treatment systems are notably influenced by the chemical makeup and volume of the effluent streams requiring treatment. The escalating limitations imposed globally due to the pandemic have adversely affected the availability and pricing of chemicals and equipment, complicating market expansion for water treatment.