Market Size of Water Automation and Instrumentation Industry
|Study Period||2018 - 2028|
|Market Size (2023)||USD 3.83 Billion|
|Market Size (2028)||USD 5.49 Billion|
|CAGR (2023 - 2028)||7.49 %|
|Fastest Growing Market||Asia Pacific|
|Largest Market||North America|
*Disclaimer: Major Players sorted in no particular order
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Water Automation And Instrumentation Market Analysis
The Water Automation and Instrumentation Market size is estimated at USD 3.83 billion in 2023, and is expected to reach USD 5.49 billion by 2028, growing at a CAGR of 7.49% during the forecast period (2023-2028).
The COVID-19 pandemic considerably hampered the production of water automation instrumentation at the beginning of 2020. This is because the lockdown imposed in several countries to curb the spread of the COVID-19 virus caused considerable disruptions in the global supply chain of the parts and components used in the water and wastewater landscape instruments.
- Managing operational costs emerged as one of the biggest challenges posed by stakeholders of the water industry, as the governments are imposing regulations, along with depletion of potable water resources. Expenses relating to labor and energy constitute the largest share in OPEX for water utilities.
- The increasing health concerns for preventing water-borne diseases among consumers augmented the consumption of bottled drinking water. Furthermore, this trend led to an increase in infrastructure development investments that support the water automation market.
- There has been an increase in the use of decentralized control systems, with the rise in the number of outstations and varied qualities of water in a region. Automation solutions, such as PLC, help in controlling pump station motor contactors, stirrer motors, and distributed valves, as well as to measure the pressure transmitter of the water.
- Water instrumentation solutions, such as liquid analyzers and level transmitters, are helping chemical and pharmaceutical industries maintain precision. The high prices of specific sensors might increase the cost of such instruments. However, reduced operational costs due to the users are expected to decline the total cost of ownership.
- Technological innovations include taking advantage of previously unusable supplies through improved water desalination and increased industrial efficiency through new water reclaiming technologies. A new breed of water tech automation solutions, especially the Internet of Things (IoT)-based control and monitoring systems combined with SCADA software for water management, are solutions that can be explored to help begin to solve certain issues.