PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1256586
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1256586
Water treatment systems improve water quality and make it suitable for use by consumers for a variety of applications. The need for such technologies is predicted to skyrocket because of fast urbanization which has boosted the demand for clean water. Furthermore, the Indian government has made major efforts to provide clean water to customers, which has significantly led to the market's expansion.
As per the Indian Government, with 1.38 billion inhabitants, India is the world's second most populous country. Rural regions account for 65% of the overall population, while urban areas account for 35%. During the year 2020-21, the expected wastewater generation in rural areas was roughly 39,604 million Litres per Day (MLD), whereas, in urban areas, the estimated wastewater generation was 72,368 MLD. The projected amount of urban wastewater is nearly double that of rural wastewater, and the availability of additional water for sanitation has to led higher demand for treatment systems. As a result of this urbanization, there is greater population expansion and movement of people to cities for a better source of living. As a result, there is an immediate need to manage wastewater which in turn is attracting investments in the water and wastewater treatment sector.
The increasing investment initiatives of the Indian government to treat wastewater in the region in addition to the product launches by companies is propelling the demand for wastewater treatment equipment during the projected period. The Namami Gange mission's debut in 2014-15 was a major changer. It was launched with a budget of Rs 20,000 crores and is an umbrella program that aims to merge prior and presently active projects. A total of 378 projects totaling Rs 31,173 crores have been approved under the Mission. The Namami Gange mission is implemented by the National Mission for Clean Ganga, which was constituted as an Authority under the Authorities Order 2016. Namami Gange II was sanctioned for Rs 22,500 Cr in 2022 for the period 2021-2026. The emphasis will be on the development of sewage infrastructure in Ganga tributaries, the expansion of public-private partnership activities, the circular water economy concept, and the management of fecal sludge and septage.
The collaboration between companies to integrate several technological advancements into their product offerings will also contribute to market growth over the forecast period. For instance,
The process of filtering water involves removing pollutants from the starting point of raw water. To deliver water of the proper quality, filtration equipment is set up in the production line. Membranes are used to catch and eliminate contaminants as the water moves through the system. Some examples of water filtration equipment include sedimentation equipment, gravity filtration equipment, vacuum filtration equipment, pressure equipment, thickeners, and clarifiers. The lack of safe drinking water in India is one of the primary reasons driving the growth of this segment. According to Water.org data, of its 1.3 billion inhabitants, 91 million people lack access to clean water. Extreme water stress, polluted surface water, and limited access to piped water supplies are current issues. Up to 48.6 percent of rural households and 28 percent of urban households must endure the whole year without having access to an improved supply of clean, safe drinking water. Moreover, 11.3 percent of families do not always have access to enough drinking water from their main sources. As a result, the Indian government and private sector have stepped up their efforts to provide safe and clean water to the people by employing a water filtration system. The Indian water and wastewater filtration equipment sector is expanding as a result of several governmental efforts, including the Atal Mission for Rejuvenation and Urban Transformation, the National Mission for Clean Ganga, the Jal Jeevan Mission, and Community Drinking Water Schemes.