Global Water Automation and Instrumentation Market - Segmented By Water Automation Solutions (DCS, SCADA, PLC), Water Instrumentation Solutions(Pressure Transmitter, Level Transmitter, Temperature Transmitter), End User Industryand Geography - Growth, Trends, and Forecasts (2018 - 2023)
The global water automation and instrumentation market was valued at USD 10.97 billion in 2017 and is projected to reach a value of USD 22.46 billion by 2023, at a CAGR of 12.69% over the forecast period, 2018-2023.
Currently, global issues, such as potable water shortage, poor water quality, and high processing and supply costs are boosting the demand for automation technologies in the water & wastewater treatment industry. Usage of PLC-based systems to control the movement of water through the dam gates and in water level is increasing with rise in investments in dams across the world. Water instrumentation solutions, like liquid analyzers and level transmitters, are helping chemical and pharmaceutical industries maintain precision. Although high price of sensors might challenge the growth of the market, the reduced operational costs due to their use brings down the total cost of ownership.
Water Scarcity is Pushing Adoption of Water Automation and Instruments
The world is facing a scarcity of fresh water and water for drinking and domestic purposes, which need to undergo filtration and purification processes. The continuous discharge of contaminated water from industries, like chemicals, rubber, and paper, is polluting water bodies. This generates enormous demand for automation solutions to control water supply within a country and monitor the incidence of toxins and harmful substances in water supply lines. Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE are already focusing on wastewater treatment and management systems to meet domestic demand. There is high demand for advanced technologies, like disinfection processes, which use chlorination and UV treatment to remove harmful elements from water to improve the water quality.
Pressure Transmitter Witness Highest Growth Rate
Absolute, gauge, and differential pressure transmitters are some of the different types of pressure transmitters used. These devices help ensure optimal pressure inside operating machinery — levels that are compliant with predefined safety levels, which help improve the safety and durability. The growing need to ensure safe and consistent operations even under extreme conditions in industries, such as oil & gas, chemical, petrochemical, etc., have spurred the global demand for pressure transmitters.
Asia-Pacific Occupied Major Market Share
The United States houses major plants, like Deer Island Sewage Treatment Plant, Stickney Water Reclamation Plant, etc., which are some of the largest treatment plants in the world. In 2014, the government and manufacturers had invested more than USD 33.5 billion in the chemical and petrochemical industries. Out of this, about USD 6.1 billion was invested in the pharmaceutical industry. These treatment plants are looking to make their process as efficient as possible, and ensure no loss of water or pollution. In order to keep up with the growing demands, these plants are adopting water automation and instrumentation techniques.
Key Developments in the market
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook