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India Smart Water Management Market Is Expected To Generate USD ~ 89 Bn By 2027F Owing To Ageing Water Infrastructure And Pressure Of Population Growth: Ken Research

India Smart Water Management Market

India Smart Water Management Market is in the growing stage, being driven by ageing water infrastructure and pressure of population growth, growing water scarcity and need for more optimal allocation, government investments and increasing awareness towards water savings. The market for EPC players is highly consolidated while the market for OEMs players is moderately fragmented, with key players such as L&T, MEIL, NCC, WEGot, SUEZ, Smarter Homes etc.

India Smart Water Management IndustryTo Know More about this report, download a Free Sample Report

Key Market Findings:

  • The average annual per capita water availability in the years 2001 and 2011 was assessed as 1816 cubic meters and 1545 cubic meters respectively which further reduced to 1486 cubic meters in the year 2021.
  • Urban water monitoring system has been gaining momentum in the last 2-3 years, with states like Andhra Pradesh investing in newer integrated technologies like Smart Water Grid.
  • Current smart water utility providing startups engage in residential and commercial projects, do not take governmental projects.

Growing Commercial Segment: The commercial segment will see considerable growth in terms of the number of projects being implemented as investments towards water monitoring see a growth. Devices such as dewatering pumps, slurry pumps, circulation pumps see usage in industries such as mining, coal and power. These are expected to get tweaked into smart management and monitoring. This will act as a catalyst for the India Smart Water Management Industry.

Rising Smart Water Management OEMs: The advent of Smart Water Management OEMs has been relatively newer as various stakeholders are growing increasingly conscious of optimum water utilization. Majority of current water management EPC projects skew towards wastewater treatment and drinking water supply. However, there has been an upcoming trend of water monitoring. Single houses and multi-unit apartments, as well as commercial complexes are the primary direct end-users of Original Equipment Manufacturers (OEMs) by virtue of lower average project size. For government-commissioned projects, the revenue channel for these utility providers constitutes the margin apportioned by the EPC companies as per the supply of smart water devices and software solutions.

Rising Awareness Towards Water Saving: People around the world are becoming aware about the environment and have started taking steps to conserve water. There are limited resources for use but the population is increasing day by day. This is leading to growing water scarcity and need for more optimal allocation increases. Thus, this rise in awareness towards water saving is leading to the growth of the Smart Water Management Market in India.

Analysts at Ken Research in their latest publication India Smart Water Management Market Outlook to 2027F- Driven by growing end-user consciousness and government investments in technology” by Ken Research observed that India Smart Water Management Market is in the growing phase. Increasing awareness towards water savings, supportive government initiatives, ageing water infrastructure, pressure of population growth, growing water scarcity and need for more optimal allocation are some of the factors that will contribute to the growth of the India Smart Water Management Market over the period of 2022P-2027F. It is expected that India Smart Water Management Industry will grow at a CAGR of 32.2% for the above forecasted period.

Key Segments Covered

  • By Component Offered
  • Hardware
  • Software
  • By User-Type
  • Governmental Projects
  • EPC Companies
  • Non-EPC Companies
  • Non-Governmental Projects
  • Industrial
  • Commercial
  • Residential
  • By Geography
  • North
  • Central
  • East
  • West and South

Key Target Audience

  • Government Bodies and Regulatory Authority
  • Fintech Companies
  • Investors and Financiers
  • Venture Capitalist
  • New Market Entrants

Time Period Captured in the Report:

  • Historical Period: 2017-2022P
  • Base Year: 2022P
  • Forecast Period: 2022P– 2027F

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Companies Covered:

EPC Contractors

  • L&T
  • MEIL
  • NCC
  • JWIL
  • JMC
  • SPML
  • GDCL

Smart Water Utility Providers

  • Xylem
  • Honeywell
  • WEGot
  • SUEZ
  • Smarter Homes
  • Itron
  • ABB
  • Hitachi Energy
  • Enhanced Wapp Systems

Key Topics Covered in the Report

  • India Smart Water Management Market Analysis
  • Ecosystem of India Smart Water Management Market
  • India Smart Water Management Industry Market Size
  • India Smart Water Management Industry Market Segmentation
  • Value Chain Analysis of India Smart Water Management Market
  • Business Framework Overview in India Smart Water Management Market
  • Competition Scenario of India Smart Water Management Market
  • India Smart Water Management Market Size Future Outlook and Projections
  • Issues and Challenges in the India Smart Water Management Market
  • Industry Analysis of India Smart Water Management Market
  • Trends and Developments in India Smart Water Management Market
  • SWOT Analysis on Smart Water Management Market in India
  • Growth Drivers of India Smart Water Management Market
  • Government Rules and Regulations in India Smart Water Management Market

For more insights on the market intelligence, refer to the link below:-

India Smart Water Management Market

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