The research has indicated that the market earned revenue of over Rs 6300 crore in 2011 and is estimated to reach Rs 10230 crore in 2016. Industrial sector is growing at a higher rate than that of the municipal sector, the research said, adding that the power, food and beverage, pharmaceuticals, refineries and textiles are generating immense opportunities in the water and waste water treatment equipment market. These industries prefer advanced treatment technological systems such as reverse osmosis (RO) membranes for treating their wastewater and their growth is expected to drive equipment sales.
The proposed tax breaks for industries that save water will boost water recycling. This will, in turn, reduce dependence on the dwindling groundwater and surface-water resources, and boost the uptake of treatment solutions, the research said.
The municipal water and wastewater treatment is gaining importance, as the usage of disinfection systems such as ultraviolet, ozone, and electro chlorination is minimal in municipal water treatment plants at present. Urban cities in India lack infrastructure for sanitation, and the waste water generated is not managed appropriately. However, due to growing concerns of deterioration of water quality and health problems for the public, this is bound to change.
To improve the infrastructure for water supply and sanitation in urban areas, the government is assisting urban local bodies (ULBs) and the state governments through various schemes and special central assistance (SCA).
Adoption of advanced technology like zero liquid discharge (ZLD) is low when compared to the global scenario. This is mainly because setting up a ZLD system involves high capital investment. The energy requirement too, is high, leading to increased operational expenses, which deters these sectors installing the ZLD systems. With stringent regulations and legislation's in place, this scenario is expected to change in the next five years.
"End users prefer products that come with quick after-sales services and technical support. Companies that provide energy and cost effective solutions with efficient after sales support will be preferred by end-user. Also since municipal projects are huge, joint ventures or forming a consortium is the key to winning mega projects" noted an environment analyst from Frost & Sullivan.