Market Size of India Water And Wastewater Treatment (WWT) Technology Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.02 Billion |
| Market Size (2029) | USD 1.71 Billion |
| CAGR (2024 - 2029) | 10.78 % |
| Market Concentration | High |
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*Disclaimer: Major Players sorted in no particular order |
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India Water And Wastewater Treatment (WWT) Technology Market Analysis
The India Water And Wastewater Treatment Technology Market size is estimated at USD 1.02 billion in 2024, and is expected to reach USD 1.71 billion by 2029, growing at a CAGR of 10.78% during the forecast period (2024-2029).
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, reduced imports of packaging material by major consumers 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.
- In the medium term, the rapidly diminishing freshwater resources and growing wastewater complexities are expected to drive the demand for water and wastewater treatment technologies in India.
- The high cost of water treatment plants is expected to hinder the growth of the market studied.
- Innovations in water treatment technologies are anticipated to act as an opportunity for the market studied.
