Population and Urbanization driving market growth in Water and Wastewater management

July 24, 2013 - PRLog -- Global market intelligence firm Netscribes, Inc. has released its latest report on the ‘Water and Wastewater Management Market in India 2013’. According to the report, robust growth in demand from the key end sectors is expected to aid in the development of the water and wastewater management market in India.

The new report states that growing urbanization and industrialization will foster the growth of the water and wastewater management market in the country. Even though negligence and excess exploitation of water resources have resulted in scarcity of water supply, water and wastewater management services are expected to facilitate the process of removal, treatment and reuse/disposal of wastewater.

Discharge of untreated wastewater has resulted in depletion of clean water resources along with growth in pollution levels. Water is a key resource and its usage varies across the different sectors of the economy. The water and wastewater management market is highly fragmented with key water treatment hubs being spread across the country. The industry primarily follows two business models.

The water and wastewater management industry encompasses multiple techniques for the treatment of water and overcome water scarcity and conserve water resources.

Factors such as rise in population and urbanization, rapid industrialization, chronic ground water contamination, fluctuations in ground water level and operational advantages can help in sustainable development of the water and wastewater management market in India.

However, the industry has also been facing some major problems. Poor infrastructure deters the development of the market. Water pricing mechanism prevalent in the market presents significant hindrance to the growth of the industry.

Different government bodies have undertaken several initiatives to ensure efficient governance of water. The government has also encouraged private participation in waste management through various incentives and exemptions. Growing government emphasis on water supply and sanitation will boost the development of the water and wastewater management market.

Therefore, the Indian water and wastewater management market has a strong growth potential in the future years.