VA Tech Wabag and Paramount Ltd To Lead India Waste Water Treatment Market by 2018
The National Water Policy, 2012, zero liquid discharge regulation, and private sector investment in operation and maintenance of waste water treatment plants will contribute to the demand for wastewater treatment plants market in the country
Water demand in India is expected to grow at 2.8% annually and reach 1500 Billion Cubic Meters by 2030. At the same time per capita availability of water is expected to decrease to 1000 cubic meters, leaving 1.2 Billion population of India in a water scarce state. This has developed a sense of urgency in Government of India which has started taking bold steps to control the situation.
One of the Indian government’s action plans includes National Water Mission under the National Action Plan on Climate Change, 2008. This plan puts emphasis on the need to develop a framework for optimizing water usage efficiency by 20%, with differential entitlements and pricing. The National Water Policy, 2002, encourages the private sector participation in planning and operation of water systems. In this policy water supply has been accorded the status of infrastructure. National Water Policy, 2012, aims at conservation of water for its efficient use. The Planning Commission of India, plans to invest USD 26.5 Billion in 12th Five Year Plan (2012-17), with an aim to provide safe and clean drinking water.
According to a recently published report by TechSci Research, “India Waste Water Treatment Plants Market Forecast and Opportunities, 2018”, the wastewater treatment plants market in India is expected to move towards consolidation by 2018. The report describes the available opportunities for wastewater treatment plant manufacturers. Wabag India is the leader in the wastewater treatment plants market, followed by Paramount Limited. Top seven players in the market include Veolia Water India, Degremont India, Paramount Limited, VA Tech Wabag, Thermax Limited, Ion Exchange and Triveni Engineering & Industries Limited. Cumulatively, these players accounted for more than 50% of the market revenues in 2012. The growing need of improvement in quality of treated wastewater is driving the demand for highly efficient waste water treatment plants, in terms of design as well as technology.
The policies and investments are favoring efficient use of fresh water in the country, this drives the need for recycling and reuse of wastewater for industrial and non-potable purposes. This in turn emphasizes the need for efficient wastewater treatment plants, to treat the waste water in order to be used for other purposes. The favorable policies and investments are expected to propel the wastewater treatment plants market revenues at the CAGR of 15% during 2013-2018.
“India Waste Water Treatment Plants Market Forecast and Opportunities, 2018” has analysed the potential of the wastewater treatment plants market in India and 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 take sound investment decisions. Besides, the report also identifies and analyses the emerging trends along with essential drivers and key challenges faced by the industry.