Reports and Insights (R&I) has published a new report titled, “Water Automation and Instrumentation Market: Opportunity Analysis and Future Assessment 2020-2028”
Global Water Automation and Instrumentation Market, By automation technology (Supervisory control and data acquisition, Human-machine interface, Identity and access management, Distributed control system, Programmable logic controller, Manufacturing execution systems, and Laboratory information management system), By Process stage (collection, treatment, and distribution of water), By End-use (residential, commercial, industrial, and others), By Instrumentation (level transmitter, electromagnetic flowmeters, gas and liquid analyzer, control valves, pressure transmitter, temperature transmitter, sludge density measurement, leakage detection systems, and, low and high AC drives), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The water automation and instrumentation market is expected to reach US$ 41.1 Bn by 2028 from US$ 17.8 Bn in 2020, at a CAGR of 11.2% during the forecast period of 2020 to 2028.
Among all the industries around the world, water is undoubtedly the most basic necessity and resultantly, there is immense need for appropriate regulation and treatment of water which primarily drives the growth of the global water automation and instrumentation market.
The water automation and instrumentation system comprises various control techniques which automated functions to regulate the constant flow of water inside and outside of the manufacturing plant. Owing to its automated functions, it requires least or no human intervention which elevates its accuracy and efficiency in the management of water. Attributing to which, the global water automation and instrumentation market is expected to flourish rapidly in the future years to come.
In addition to that, the supply of water has decreased in the present-day world and at the same time, the necessity of water in the manufacturing industries has escalated, owing to which all these safety measures have been implemented. Such factors further play a positive role in fueling the growth of the global water automation and instrumentation market in the forthcoming years.
However, the installation of water automation and instrumentation systems is money-exhaustive which might not be affordable in every industry, which is estimated to ultimately result in restricting the growth of the global water automation and instrumentation market over the coming years.
R&I Study identifies some of the key participating players in the water automation and instrumentation market globally are Siemens, Rockwell Automation, General Electric, Emerson Electric, ABB, Schneider Electric, CH2M Hill, Mitsubishi Electric, YOKOGAWA Electric Corporation, Pepperl+Fuchs, and Endress+Hauser Consult AG., among others.
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