BWI: Environment Industry to Reach INR 207 Billion by 2013 Says Frost & Sullivan at its 1st Annual Environment Excellence Awards Ceremony

Press release from Business Wire India
Source: Frost & Sullivan
Wednesday, December 16, 2009 02:06 PM IST (08:36 AM GMT)
Editors: General: Consumer interest, Economy, Entertainment, People, Social issues; Business: Accounting & management consultancy services, Business services, Energy companies, Heavy industries, Major diversified industrial groups, Water
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Environment Industry to Reach INR 207 Billion by 2013 Says Frost & Sullivan at its 1st Annual Environment Excellence Awards Ceremony


Mumbai, Maharashtra, India, Wednesday, December 16, 2009 -- (Business Wire India) -- Frost & Sullivan recently concluded its 1st Annual Environment Excellence Awards at Hotel InterContinental, The Lalit, Mumbai. 27 awards were presented to 21 exemplary companies displaying outstanding accomplishments in their respective businesses and achieving a competitive and a leading position in their market.

The evening witnessed conglomerates getting a glimpse of growth opportunities present in the Water and Wastewater Treatment, Waste Management, Air Pollution Control and Point of Use (PoU) Water Treatment Systems market in India presented by Frost & Sullivan.

Some of the key takeaways were:

According to Frost & Sullivan's analysis, the environment market comprising four segments was estimated at INR 94 billion in 2008 and the market is expected to register growth rates of 16-17 percent in the next five years.

WATER AND WASTEWATER:

The Water and Wastewater Treatment segment is one among the key areas of fast growth in the environment sector with a market potential of INR 99 billion by 2013. The market is riddled with challenges and opportunities in the municipal, industrial, commercial, and residential areas. With over 500 companies, the market is highly dynamic and tautly competitive.

RESIDENTIAL WATER TREATMENT (Point-of-Use (PoU)):

One of the fastest growing but under penetrated sectors in the environment market, which provides many opportunities, is the Residential Water Treatment (PoU) sector. This sector, due to increasing health consciousness combined with the rise in purchasing power, is expected to create a market potential of INR 51 billion by 2013. Increasing water deterioration and re-contamination, has increased the need for treating water at the usage point.

WASTE MANAGEMENT:

Escalating urbanization with high standards of living demands quality services and living space. Waste Management and Handling Rules by the Ministry of Environment and Forests are providing the growth impetus. With adequate boost from the central government's Jawaharlal Nehru National Urban Renewal Mission (JNNURM), the market offers growth opportunities to the potential of INR 27 billion by 2013.

AIR POLLUTION CONTROL:

Industrialization has created environmental concerns regarding air pollution besides supporting economic growth. With increasing environmental concerns, advanced technologies are gaining prominence as against the common technologies that are currently used. Mandatory emission control framework by the pollution control board has fueled the growth and this market holds a potential of INR 30 billion by 2013.

Lacunae in environmental treatment infrastructure and the emphasis on private sector to don a much bigger role in the nation-building process is a shot in the arm for this market. The robustness of demand drivers like industrialization, high disposable incomes, environmental awareness, water scarcity issues, are expected to further give the much-needed fillip to the Indian environment market. India's current predicament of balancing growth, environment protection, and energy security would open up newer vistas for the environment sector.

A panel discussion on "Profitable Growth and Environmental Sustainability" focused on innovative best practices, strategies that India Inc needs to adapt to achieve growth without destabilizing the environment in an era when these two are at crossroads.

Industry leaders such as Ajay Popat - CEO, Ion Exchange, Dinesh K Khare - CEO, Ramky Enviro, Marzin Shroff - CEO, Eureka Forbes, Dr. S. Sekar - GM and Head of Engineering, BHEL, Pramod Bapna - President, Degremont, Yogen Parikh - Assosiate Director, Jacobs Engineering participated in this panel discussion.

Frost & Sullivan's Environment Excellence Awards 2009 are in recognition of the inspiring and exemplary achievements by companies operating in the environment industry. The environment sector in India is currently riding on a high wave of opportunities. Companies are creating innovative best practices to capitalize on growth prospects as well as to outpace competition during these tough economic times. Frost & Sullivan's comprehensive research programs identify these best practices within each segment and make them visible to the industry through this excellence awards.

Presenting the awards, Mr. Anand Rangachary, Managing Director, South Asia, Middle East, Frost & Sullivan said, "The Excellence Awards speak volumes about the quantum of work and commendable efforts put in by these companies in order to be successful. The companies have excelled in creating innovative best practices and have capitalized on the growth prospects in this segment. Industrial activity is picking up while government-backed urban infrastructure projects served as savior for this market. We see this market providing immense opportunities to companies and it will be the focal point of attention in India's growth curve."

Frost & Sullivan Congratulates the Award Recipients of the 1st Annual Environment Excellence Awards for the Year 2009


Award Recipients List


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CONTACT DETAILS
Ravinder Kaur, Corporate Communications - South Asia & Middle East, Frost & Sullivan, +91 (44) 4204 4760, ravinder.kaur@frost.com
Nimisha Iyer, Corporate Communications - South Asia & Middle East, Frost & Sullivan, +919820050519, niyer@frost.com

KEYWORDS
CONSUMER, ECONOMY, ENTERTAINMENT, PEOPLE, SOCIAL, CONSULTANCY SERVICES, BUSINESS SERVICES, ENERGY, HEAVY INDUSTRIES, GROUPS, WATER

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