Press release
Water Automation and Instrumentation Market: Concerns Relating to Depleting Water Resource to Fuel Demand
Water scarcity around the globe is one of the key factors encouraging the installation of this system. In order to control water and soil pollution, strict environmental regulations have been established – making it mandatory for the manufacturers to install water automation and instrumentation systems, thereby increasing their demand. With the introduction of advanced smart water management systems, the market is set to gain momentum. Due to the installation of water automation and instrumentation systems, the manufacturers don’t have to settle with the increasing wages of the labor employed for water management processes – as the system offers low cost of operation. However, the crucial factor limiting the growth of the market is the high initial installation cost of these systems.
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The global water automation and instrumentation market can be geographically segmented into North America, South America, Europe, Asia Pacific, and the Middle East & Africa. North America has been showcasing lucrative opportunities for enterprises in the water automation and instrumentation market, in terms of value, and will continue to hold a large share of the market due to urbanization. Also, with increase in the number of food and other manufacturing industries, the U.S. is expected to contribute to the market growth.
On the other hand, the Asia Pacific region is projected to exhibit a higher CAGR in the forecast period. The factors driving the market include rise in the number of manufacturing industries and government initiatives to control water wastage.
The prominent players in the global water automation and instrumentation market include ABB Ltd., CH2M Hill Inc., General Electric Company, Rockwell Automation Inc., Siemens AG, Emerson Electric Company, Mitsubishi Electric Corporation, Yokogawa Electric Corporation, and Endress + Hauser AG
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