SCADA Market Growth During Forecast Period 2015 – 2025

Posted by Dinesh on March 25th, 2021

Global SCADA Market for Water and Wastewater Management: Snapshot

In a competitive global SCADA market for water and wastewater treatment, well-entrenched players are focused on expanding their product portfolio and global outreach to serve a large customer base.   

Majorly fuelling the global SCADA market for water and wastewater management is the increasing investment in infrastructure for water and wastewater. Further, increasing complexities in maintenance and management of water and wastewater facilities are also boosting the demand for SCADA systems.

The advantages of increased efficiency in wastewater management is also driving the adoption of SCADA system.

On the downside, design complexities and high installation cost are limiting the adoption of SCADA systems.

Services Emerge as Lucrative Component Segment

Within the hardware segment, programmable logic controller (PLC) is expected to create handsome opportunities for SCADA market for water and wastewater management over the forecast period.

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As per end user, the global SCADA market for water and wastewater management is classified into residential and industrial. The segment of residential is further sub-segmented into government and private. The segment of industrial is further sub-segmented into chemical, food and beverages, pharmaceutical, and others.

According to the report, the industrial segment is expected to witness healthy growth at a CAGR of almost 6% during the forecast period between 2015 and 2025. This is mainly because of growing adoption of SCADA systems across several industries such as chemical, food and beverages among others.

North America to Remain Lucrative Region through 2025

In terms of geography, the report takes stock of the potential of global SCADA market for water and wastewater management in the regions of North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

In 2016, North America emerged as the most lucrative market serving a demand that attracted a revenue of 33% in the overall market. Going ahead, the rising popularity of cloud-based SCADA for water and wastewater management will account for the strong growth of this regional market.

Asia Pacific is expected to display strong growth in the SCADA market for water and wastewater management in the upcoming years.

Get More Press Release by TMR: https://www.prnewswire.co.uk/news-releases/rising-influence-of-automation-to-paint-strokes-of-growth-across-proximity-sensors-market-between-2019-and-2027-tmr-868639913.html

Leading players in the global SCADA market for water and wastewater management include ABB Ltd., Schneider Electric, Emerson Electric Co., Tesco Controls Inc., SCADAware, Yokogawa Electric Corporation, Rockwell Automation Inc., Eaton Corporation, Honeywell International Inc., and Parasyn.

Advances in SCADA Market Lean on Improving Resiliency of Industrial Networks

SCADA forms a key part of control systems engineering. The strides in the Industry 4.0 have also accelerated the pace of new technology developments in the SCADA market. The use of data for making smarter business decisions is becoming ubiquitous. 

As more industries and commercial sectors use SACDA systems, the challenge will only mount. On the other side of the spectrum, software developers are relentlessly working to come out new capabilities in the human interface system. Collection of new data that help meet the tailored responses of end consumer is likely to become the new game-changing trend.