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Key Revenue Pocket - Automation & Instrumentation in Water Industry
The global market for water automation and instrumentation hasflourishedrecently , having Americas as a crown holder of the water automation and instrumentation ecosystem. The major reason for the growth of this market is that water scarcity is increasing across the world, day by day. All industries are looking for technologies to reuse the water, and automation and instrumentation technologies have fulfilled this requirement.
The use of automation is increasing in process industries such as chemical industry, power plants, petro industry, and pharmaceutical. The water automation and instrumentation market is driven by various factors such as water scarcity, growing investments in infrastructure, complexity of water systems, and increasing labor wages.
Water automation and instrumentation has become imperative as there is a never ending need for recycled and clean water from various industries, governments, and municipal corporations. Water automation and instrumentation carries huge importance due to the increasing water scarcity in the current scenario. According to the survey results gathered by water utility infrastructure company, census, one-third of utilities around the globe report a loss of more than 40%of clean water due to leakages. Thus, the key players in this market are looking forward to capitalize on this opportunity by investing in this market.
There has been immense support from private and public sectors for the water automation and instrumentation market in the field of investment and infrastructure;for instance,developed economies, such as the U.S. and Europe, are now struggling to repair and replace the worn-out infrastructure with limited funding, whereas developing economies are strategically planning and executing investments in the infrastructure segment. Countries such as India and China would witness extensive investment inflows into the power infrastructure. The capital would go for the development of power generation capacity and modernizing the existing transmission and distribution network.
Thus, these factors will enhance the market for water automation and instrumentation and create new avenues for the industry by spreading awareness about the scope of this market across the globe.
Water Automation and Instrumentation Market by Process stage (Collection, Treatment and Distribution), Automation Technology, Instrumentation, End user Application and Geography - Analysis & Forecast (2014 - 2020)
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