Masterstroke in the Indian Water-Power Sector by GE Water and BHEL
The recent announcement of GE Water striking a strategic alliance with BHEL in India is very much a masterstroke in the booming Indian power sector- http://www.bhel.com/press_release/press_pop.php?press_id=458. Specialist water & wastewater treatment companies in India and even from overseas are gearing up for the windfall of opportunities in the rapidly growing power sector in India. However, alliances such as this are bound to further accentuate the already intense competition in the water & wastewater treatment solutions market of the Indian power sector.
Our current market analysis of the Water Management Opportunities in the Global Power Industry and the overall market for water & wastewater treatment systems is estimated to be around $2.5 billion in 2010. With close to 160 GW of nuclear power planned over the next 10 years triple that in capacity to be added for coal power plants, the prospects for water and wastewater treatment systems are certainly on the high.
Majority of the new build opportunities will be in emerging markets of China and India, both with their own entry related challenges for overseas suppiers to tap into the process water & wastewater treatment opportunities in the power sector.
This strategic alliance struck between GE Water and BHEL will most certainly aim to target the high potential power market in India for the near term and expand the focus into other industrial sectors that are also served by BHEL.