Albany, New York, June 18, 2018 (GLOBE NEWSWIRE) -- The global SCADA market for water and wastewater management exhibits a highly cutthroat competition mainly due to the presence of innumerable players, observes Transparency Market Research based on a newly published report. Notable focus is being imparted by the players on implementing key strategies such as improving geographical reach, enhancing product quality, and achieving product differentiation, to survive in this field. Participating in mergers & acquisitions, healthy partnerships, and strategic collaborations, also are prime schemes implemented by major players to establish their standing in the global SCADA market for water and wastewater management.
The competition is expected to intensify further owing to new players regularly making their foray in this market. Parasyn, ABB Ltd., Schneider Electric, SCADAware, Tesco Controls Inc., Emerson Electric Co., Rockwell Automation Inc., Yokogawa Electric Corporation, Honeywell International Inc., and Eaton Corporation, are some of the chief companies working in the global SCADA market for water and waste management.
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This market had gained revenue worth US$1267.4 in 2015, which is further expected to grow up to US$2172.1 mn by 2025. This growth is projected to occur at a strong CAGR of 5.6% during the forecast period from 2015 to 2025.
Rising Environmental Concerns Regarding Wastage of Water Boost Market’s Growth
Large-sale investments made by several players for conserving water resources is one of the most significant factors driving the global SCADA market for water and wastewater management. Increasing complexities in maintenance and management of water and wastewater facilities is also boosting the demand of SCADA systems, consequently propelling the market to achieve splendid expansion. Rising concerns about huge quantities of water being wasted every year, which causes humongous detrimental effects to the environment, also has made several organizations to employ machines such as SCADA. This is mainly being done in order to upkeep protection for the environment.
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The ability of using SCADA systems in remote locations to treat wastewater and conserve water makes them highly preferable. This has consequently increased the requirement of the machines in various remote regions all over the globe. They also provide several advantages over other traditional alternatives such as high flexibility, reduced expenses, and improved efficiency. Lastly, numerous governments all over the world have put forth favorable initiatives for utilizing the machine, thus driving the global SCADA market for water and wastewater management.
Lack of Skilled Labor Hampers Demand for SCADA Machines
However, design complexities and a lack of awareness in several regions are two factors that are greatly hindering the global SCADA market for water and wastewater management. High costs of setting up relevant equipment also is responsible for restraining the market. Nonetheless, many companies are expected to introduce advanced electronics and communication technologies in emerging economies, which is likely to open up new opportunities for the market in future.
The review presented is based on the findings of a TMR report, titled, “SCADA Market for Water & Wastewater Management (Component - Hardware (Programmable Logic Controller (PLC), Remote Terminal Units (RTU), Network infrastructure, and IT ), Software (On-premise and Cloud-based) and Services; End User - Residential (Government and Private) and Industrial (Chemical, Food & Beverages, and Pharmaceutical)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2025.”
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Key Takeaways
- Large-sale investments made by several players for conserving water resources is one of the most significant factors driving the global SCADA market for water and wastewater management.
- The competition is expected to intensify further owing to new players regularly making their foray in this market.
The global SCADA market for water and wastewater treatment is segmented as follows:
SCADA Market for Water & Wastewater Management, by Component
- Hardware
- Programmable Logic Controller (PLC)
- Remote Terminal Units (RTU)
- Network infrastructure
- IT
- Others
- Software
- On Premise
- Cloud-based
- Services
SCADA Market for Water & Wastewater Management, by End-user
- Residential
- Government
- Private
- Industrial
- Chemical
- Food and Beverages
- Pharmaceutical
- Others
SCADA Market for Water & Wastewater Management, by Geography
- North America
- The U.S.
- Canada
- Rest of North America
- Europe
- The U.K.
- Germany
- France
- Rest of Europe
- Asia Pacific (APAC )
- India
- China
- Japan
- Australia
- Rest of APAC
- Middle East and Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
- Latin America
- Brazil
- Rest of Latin America
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