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DUBLIN--(BUSINESS WIRE)--Sep 20, 2022--
The "Water Automation and Instrumentation Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.
The water automation and instrumentation market is projected to grow at a CAGR of 8.28% during the forecast period to reach US$14.425 billion by 2027, from US$8.265 billion in 2020. Water automation and instrumentation are utilized to control the flow of water in and out of an industrial facility.
The fundamental goal of water automation and instrumentation implementation is to improve the treatment of wastewater coming out of manufacturing operations, as well as ensure a clean supply of water for industries. This aids in optimizing water usage and maintaining statistics on water demand and consumption.
Market Trends:
The global water automation and instrumentation market is expected to grow substantially, mainly due to the increasing scarcity of fresh water and the relevance of waste-water purification. Industries such as metal, food, and chemical sectors have started using water automation systems to help in the efficient usage and disposal of water. Government regulations regarding water usage and pollution are also expected to drive the demand for the water automation and instrumentation market. The North American region has been reported to have the largest market share, owing to its rapid industrial development and limited water supply, and is expected to hold this position in the upcoming years.
Growth Factors:
Water scarcity in agriculture The agriculture sector is one of the biggest water consumers. Farmers all over the world have been reporting a scarcity of water, mainly due to the growing population and climate change factors. According to a study by AGU, more than 80% of the global agriculture sector is expected to face water scarcity by 2050. According to the UN, the demand for water worldwide has doubled in the last 100 years.
This can only be combated with proper agricultural and irrigation developments, as well as the deployment of automated water supply facilities in the agricultural field. The lack of water in the agricultural sector also poses a threat to food security. In the context of rising food demand in Africa, irrigation efficiency would be an effective approach to offset the consequences of future climate change. Hence, the demand for water automation and instrumentation markets is expected to rise significantly in the upcoming years.
Government rules and regulations
Nations worldwide have been reporting a scarcity of usable water. This has led governments to implement stricter water supply, conservation, and pollution regulations to help sustain the local water bodies. These regulations have led industries to implement stricter regulations for the utilization of water by industries, as well as, the general public.
The UK government has announced its 25-year plan to provide safe, clean, and sustainable water for its people. The Water Industry Strategic Environmental Requirements (WISER), developed by the government, plans to roll out policies to limit the usage and pollution of natural water bodies. The UK government also claimed that if the natural water sources are further used the way they are being used right now, then by 2050, the rivers in the area might only have about 20% usable water left for consumption.
In 2020, industries in Sydney, Australia, were asked to apply for licences that allowed them to utilize drinking water in their activities, or face penalties. These restrictions were a result of the severe droughts that hit New South Wales.
Market Segmentation:
By Equipment
By Technology
By End-User Industry
By Geography
Key Topics Covered:
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. WATER AUTOMATION AND INSTRUMENTATION MARKET, BY EQUIPMENT
6. WATER AUTOMATION AND INSTRUMENTATION MARKET, BY TECHNOLOGY
7. WATER AUTOMATION AND INSTRUMENTATION MARKET, BY END-USER INDUSTRY
8. WATER AUTOMATION AND INSTRUMENTATION MARKET, BY GEOGRAPHY
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
10. COMPANY PROFILES
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/wcjx25
View source version on businesswire.com:https://www.businesswire.com/news/home/20220920006054/en/
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SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 09/20/2022 11:50 AM/DISC: 09/20/2022 11:51 AM
http://www.businesswire.com/news/home/20220920006054/en