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SCADA Market for Water & Wastewater Management - Leverages Opportunities in Industrial Sector,

08-08-2018 12:33 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
In a competitive global SCADA market for water and wastewater treatment, well-entrenched players are focused on expanding their product portfolio and global outreach to serve a large customer base.

“Investments for the development of water and wastewater infrastructure is in general on the rise, observes a TMR analyst. Driven by this and a few other factors, the global SCADA market for water and wastewater management is predicted to reach US$2,172.1 mn by the end of 2025 from US$1,267.4 mn in 2015 at a moderate CAGR of 5.6% therein.

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Among the key component segments, services held more than 55% market share in the SCADA market for water and wastewater management in 2016. The industrial segment is likely to dominate among the key end-users expanding at a CAGR of 6% between 2015 and 2025. Geography-wise, in 2016, North America led with more than 33% of the global SCADA market for water and wastewater management in 2016.

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Among the key growth drivers of the global SCADA market for water and wastewater management, the increasing investment in water and wastewater infrastructure is a prominent one. Apart from this, increasing complexities in maintenance and management of water and wastewater facilities are also exhibiting the demand for SCADA for wastewater management.

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The increasing efficiency in wastewater management using SCADA system is also anticipated to fuel the growth of SCADA market for water and wastewater management. This, along with initiatives undertaken by several governments and a comprehensive regulatory framework for monitoring and controlling water and wastewater services is promoting the use of SCADA.

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