Global Water Automation and Instrumentation Market Poised for Growth, Forecasted to Reach USD 5.90 Billion by 2029

Dublin, March 26, 2024 (GLOBE NEWSWIRE) -- The "Water Automation and Instrumentation - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029" report has been added to * ResearchAndMarkets.com's* offering.

*Industry Growth Trajectory Amidst Challenges*

The global water automation and instrumentation industry is on a growth spurt, despite initial setbacks due to the COVID-19 pandemic. With a predicted Compound Annual Growth Rate (CAGR) of 7.49% from 2024 to 2029, the market is projected to reach a valuation of USD 5.90 billion by the end of the forecast period. Increasing environmental regulations and the critical need for efficient water management systems are driving the demand for innovative solutions in the sector.

*Operational Cost Management: A Critical Consideration*

As water utilities grapple with the dual pressures of compliance and conservation, managing operational expenses has become a top priority. Labor and energy, forming a significant portion of operating expenses, are being keenly observed and optimized through automation and instrumentation technologies, leading to more sustainable and cost-effective practices within the industry.

*Consumer Health Concerns Fuel Market Growth*

The heightened consumer awareness of water-borne illnesses has fueled business opportunities within the water automation sector. In particular, the demand for bottled drinking water is spurring development in infrastructure investments geared towards water purity and safety.

*Technological Advancements Spearheading Innovation*

Advancements in decentralized control systems and the integration of PLC for finer management of water resources reflect the innovative trends in water automation. When it comes to water instrumentation, the focus on achieving precision in the chemical and pharmaceutical sectors is paramount, despite the higher cost of specialized sensors.

*The Edge of Technological Innovations*

The industry is currently harnessing technological breakthroughs, such as improved water desalination techniques and reclaimed water technologies, to tackle water scarcity and inefficiency problems. IoT-based monitoring solutions coupled with SCADA software are at the forefront of this transformative era in water management.

*Significant Growth Within the Food and Beverage Sector*

A considerable uptick in demand within the food and beverage industry is noted, with water quality being a critical determinant of production quality. Through automation, this sector is witnessing enhancements in efficiency, reduced wastage, and improved profit margins.

*United States: A Major Player in the Market*

In the United States, the complexity of supply and waste management systems demands sophisticated tools and extensive expertise. Strategic acquisitions and investments in technology are underway to support and maintain the extensive and multi-layered water systems across the nation.

*Competitive Landscape: A Fragmented Market*

The market consists of key players like ABB Group, Siemens AG, and Schneider Electric SE, alongside numerous others, contributing to a competitive and fragmented landscape. The focus remains on innovation, strategic partnerships, and market expansion to cater to the ever-evolving needs of water management globally.

The water automation and instrumentation industry demonstrates resilience and growth potential amidst global challenges, with technology being the linchpin for future advancements. The sector continues to evolve, underlining the importance of resource management and technological ingenuity in sustaining essential water and wastewater services worldwide.

*A selection of companies mentioned in this report includes*

· ABB Group
· Siemens AG
· Schneider Electric SE
· GE Corporation
· Rockwell Automation Inc.
· Mitsubishi Motors Corporation
· Emerson Electric
· Yokogawa Electric Corporation
· Endress + Hauser Pvt. Ltd
· Eurotek India
· Phoenix Contact
· NALCO
· MJK Automation
· KROHNE LTD

*Key Topics Covered*

*1 INTRODUCTION*
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study

*2 RESEARCH METHODOLOGY*

*3 EXECUTIVE SUMMARY*

*4 MARKET DYNAMICS*
4.1 Market Overview
4.2 Market Drivers
4.2.1 Government Regulation to Save Water Resources and Energy
4.2.2 Increase in Adoption of Smart Water Technologies
4.3 Market Restraints
4.3.1 Lack of Skilled Personnel to Operate Instrumentation
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness - Porter's Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Assessment of the COVID-19 Impact on the Market

*5 MARKET SEGMENTATION*
5.1 Water Automation Solution
5.1.1 DCS
5.1.2 SCADA
5.1.3 PLC
5.1.4 IAM
5.1.5 HMI
5.1.6 Other Water Automation Solutions
5.2 Water Instrumentation Solution
5.2.1 Pressure Transmitter
5.2.2 Level Transmitter
5.2.3 Temperature Transmitter
5.2.4 Liquid Analyzers
5.2.5 Gas Analyzers
5.2.6 Leakage Detection Systems
5.2.7 Flow Sensors/Transmitters
5.2.8 Other Water Instrumentation Solutions
5.3 End-user Industry
5.3.1 Chemical
5.3.2 Manufacturing
5.3.3 Food and Beverages
5.3.4 Utilities
5.3.5 Paper and Pulp
5.3.6 Other End-user Industries
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 Australia
5.4.3.2 China
5.4.3.3 Japan
5.4.3.4 India
5.4.3.5 Rest of Asia Pacific
5.4.4 Latin America
5.4.5 Middle East and Africa
5.4.5.1 Saudi Arabia
5.4.5.2 United Arab Emirates
5.4.5.3 Rest of Middle East and Africa

*6 COMPETITIVE LANDSCAPE*
6.1 Company Profiles*
6.1.1 ABB Group
6.1.2 Siemens AG
6.1.3 Schneider Electric SE
6.1.4 GE Corporation
6.1.5 Rockwell Automation Inc.
6.1.6 Mitsubishi Motors Corporation
6.1.7 Emerson Electric
6.1.8 Yokogawa Electric Corporation
6.1.9 Endress + Hauser Pvt. Ltd
6.1.10 Eurotek India
6.1.11 Phoenix Contact
6.1.12 NALCO
6.1.13 MJK Automation
6.1.14 KROHNE LTD

*7 INVESTMENT ANALYSIS*

*8 FUTURE OF THE MARKET*

For more information about this report visit https://www.researchandmarkets.com/r/y4vvu7

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