Projects such as National Hydrology Project and Jal Jeevan Mission are major Government initiatives to boost the Smart Water Management Market in India.
India Smart Water Management Market Overview: The Smart Water Management Market in India is currently at the growing phase. The market for EPC players is highly consolidated while the market for OEMs players is moderately fragmented. The market has been driven by ageing water infrastructure, pressure of population growth, growing water scarcity and need for more optimal allocation. The India Smart Water Management Market grew from nearly USD ~1.5 Bn in 2017 to about USD ~22 Bn in 2022P in terms of revenue, due to the government investment in water supply and distribution and increasing awareness towards water savings.
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Challenges Faced by India Smart Water Management Market: The existing initiatives by the government are directed towards water distribution in rural areas. With an increasingly changing urban-rural population in India, the consumption of water requires the current systems of monitoring and data collection to become more pervasive as well as sophisticated. The mandates on household/commercial water metering are due for revisions, such that IoT-enabled technology is adopted at a faster pace. Another challenge that this market faces is high upfront costs for startups. The proportion of water utility Startups taking up residential and commercial projects in India, is still less than just handful. The high costs of hardware manufacturing and software maintenance becomes one of the key hindrances.
Supportive Government Initiatives: The Ministry of Jal Shakti has taken up National Hydrology Project to establish a hydrological database, information system and scientific tools for effective planning and management of water resources. The proposed Project Development Objective (PDO) is to improve the extent, quality, and accessibility of water resources information and to strengthen the capacity of targeted water resources management institutions in India. Another initiative by the Government of India is Jal Jeevan Mission. Jal Jeevan Mission is envisioned to provide safe and adequate drinking water through individual household tap connections by 2024 to all households in rural India. This program will also implement source sustainability measures as mandatory elements, such as recharge and reuse through grey water management, water conservation, rain water harvesting. The Jal Jeevan Mission is based on a community approach to water and will include extensive information, education and communication as a key component of the mission.
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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