INDIA WATER INFRASTRUCTURE AND REPAIR TECHNOLOGY MARKET FORECAST 2023-2030

As per the International Monetary Fund (IMF), India’s GDP growth plummeted by 8% in 2020 due to the impact of the COVID-19 pandemic. However, according to estimations, the country’s economic growth is set to recover, reaching 6.8% in the year 2023. Every year, the Indian government’s expenditure on water infrastructure increases by virtue of various schemes. The government is also increasing the investments associated with establishing a higher number of water as well as wastewater treatment plants, in addition to refurbishing long-standing and broken water supply lines. 

Furthermore, water scarcity, as well as the increasing need for water, especially in urban areas, are leading to a greater demand for desalination plants in India. As a result, the government aims to establish efforts towards the same, owing to the alarming conditions of water scarcity in major cities like Chennai, Bengaluru, Hyderabad, and Delhi. In this regard, the Minjur desalination plant located in Tamil Nadu is one of the largest desalination plants in India. The implementation of stringent environmental policies by the government on industrial effluents further fuels the demand for water infrastructure and repair technology in the country. Hence, these factors are expected to propel the market growth in India during the forecast years.

The India water infrastructure and repair technology market is segmented into category, product type, application, and end-user. The end-user segment includes drinking water distribution and wastewater collection. Water distribution system is an integral part of the water supply network, comprising components that transport potable water from a centralized treatment plant. The system is highly complex, necessitating a proper system design in order to curb expensive problems in the future.

On the other hand, wastewater collection systems entail gravity pipes, tanks, manholes, control structures, lift stations, and force mains that gather used water from residential and non-residential customers. Subsequently, the systems transport the flow to the wastewater treatment plant.  

Major companies operating in the India water infrastructure and repair technology market are Aquatech International LLC, Toshiba Water Solutions Pvt Ltd, etc.

Toshiba Water Solutions Pvt Ltd, headquartered in India, is a global multi-disciplinary environmental services company. It specializes in offering turnkey services in the avenue of water and wastewater collection, treatment, as well as disposal.

Some of the eminent segments of the company’s product portfolio include electronics components, power systems, medical equipment, home appliance, and others. Toshiba Water Solutions is part of Toshiba Corporation, a Japan-based multinational company engaged in providing various information technology-related services and products.