Demand of India Smart Water Management Market — Ken Research
1. The India Smart Water Management Market has grown exponentially in the last five years.
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The India Smart Water Management Industry has grown at a CAGR of 70.9% in the last five years. 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 are the main growth drivers for this industry. The Government of India has launched projects such as National Hydrology Project and Jal Jeevan Mission, which has been boosting the growth of the Smart Water Management Market in India.
2. Governmental Projects dominate the India Smart Water Management Industry.
Governmental projects occupy 90% of revenue share of the India Smart Water Management Market. This is because of their project sizes. All these projects are taken up by EPC companies as current smart water utility providing startups do not take governmental projects and only engage in residential and commercial projects. Companies such as Xylem, Itron, Honeywell take on specific water management projects from bigger EPC companies like L&T. For these government-commissioned projects, the revenue channel for the utility providers constitutes the margin apportioned by the EPC companies as per the supply of smart water devices and software solutions.
3. The Northern and Central regions dominate the India Smart Water Management Market.
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Northern region dominates the market for Smart Water Management in India at USD ~8.4 Bn in 2022P, closely followed by the Central region at USD ~8.2 Bn. Government projects surrounding water distribution have been majorly implemented in Northern and Central states currently, while residential projects are concentrated in southern cities like Bangalore which have already seen effective results, reducing water intake by around 20%. The Eastern region has been slower in adoption of smart water management systems, reaching only around USD 0.7 Bn of the revenues in 2022P.
For more insights on the market intelligence, refer to the link below:-
India Smart Water Management Market
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