Press release
Water Automation and Instrumentation Market to grow from a market value of USD 10.97 billion in 2017 to USD 22.46 billion by 2023| Major Vendors - BB GROUP, SIEMENS AG, SCHNEIDER ELECTRIC SE, GE CORPORATION, MITSUBISHI MOTORS CORPORATION, EMERSON ELECTRIC
Market Analysis:Asia-Pacific Occupied Major Market Share
The water 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.
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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. 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. 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. Water instrumentation solutions, like liquid analyzers and level transmitters, are helping chemical and pharmaceutical industries maintain precision. 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.
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Market Segments:
Water Automation and Instrumentation Market is segmented by:
1. Water Automation Solution: Distributed Control System (DCS), Supervisory control and data acquisition (SCADA), Programmable logic controller (PLC), Identity and Access Management (IAM), Human Machine Interface (HMI), Others
2. Water Instrumentation Solution: Pressure Transmitter, Level Transmitter, Temperature Transmitter, Liquid Analyzers, Gas Analyzers, Leakage Detection Systems, Density Measurement, Others
3. End-user Industry: Chemical, Manufacturing, Food & Beverage, Utilities, Paper & Pulp, Others
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa
Key Developments in the Market
• July 2017 - Rockwell Automation announced its collaboration with Hon Hai Precision Industry Co. Ltd, also known as Foxconn, to implement connected enterprise and industrial Internet of Things (IIoT) concepts for smart manufacturing.
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