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
Press Release :
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. This attribute is leveraged by several governments that have undertaken initiatives for technology-based processes for wastewater management and have formulated regulatory framework for monitoring and controlling water and wastewater services.
On the downside, design complexities and high installation cost are limiting the adoption of SCADA systems.
The global SCADA market for water and wastewater treatment is poised to expand at a CAGR of 5.6% between 2015 and 2025 for the market to become worth US$2,172.1 mn by 2025-end from US$1,267.4 mn in 2015.
Services Emerge as Lucrative Component Segment
The global SCADA market for water and wastewater management is segregated into hardware, software, and services as per component classification. According to the report, the market is likely to witness the dominance of services in the coming years. The services segment occupied more than 55% market share in the overall market in 2016. This is mainly because of rising demand for SCADA system for a host of applications, among which installation services, consulting services, and maintenance and support services are prominent ones. During the tenure of the forecast period, the services segment is prognosticated to display an impressive growth. This is because emerging economies in Asia Pacific are increasingly employing SCADA system for real time data monitoring across industries. The increasing acceptance of process automation across a host of industry verticals is also triggering the growth of services component of the market.
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.
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.
Europe is predicted to be a significant market rising with an approximate CAGR of 5% between 2015 and 2025. Stringent regulations for the treatment of wastewater and demand for employing efficient processes for the same are responsible for the 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.
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. In the wake of Covid-19, stakeholders have been relentlessly trying to come with new risk identification models for the currently deployed SCADA systems. The changing energy mix in numerous nations has also caused disruption in the oil and gas sector in various parts of the world. In recent months, the microeconomic dynamics have gone overhauls in numerous countries. Hence, network researchers in IT are keen on meeting their share of challenges. Interest toward developing new platforms that specifically meet the changing conditions due to Covid-19-led economic slump has helped opportunities in the SCADA market prosper.
The advent of new IoT platforms in the last few months has revived new growth potential in the SCADA market. This has gained all the more significant in the Covid times, since there has been rise in malicious attacks on crucial industrial networks. Thus, stakeholders in the SCADA market are keen on making the ecosystem prone to ransomware attacks. Subsequently, players are keen to boost the use of automation technologies to keep the production wheels moving at a decent pace.
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. Another key development will be the adoption of data acquisition systems that will offer insights on the industrial processes on more granular level. In a data-driven world, SCADA systems are expected to open new avenues in the chemical sector in particular. Collection of new data that help meet the tailored responses of end consumer is likely to become the new game-changing trend.
Global SCADA Market for Water & Wastewater Management: Overview
This report provides an analysis of the global SCADA market for water & wastewater management for the period of 2015 to 2025, wherein the period from 2017 to 2025 comprises the forecast period and 2016 is the base year. Data for 2015 is provided as historical information. The report covers all the major trends and technologies playing a major role in the growth of the SCADA market for water & wastewater management over the forecast period. It also highlights various drivers, restraints and opportunities expected to influence the market’s growth during the said period. The study provides a holistic perspective on the market’s growth in terms of revenue in US$ Mn, across different geographical regions namely North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
SCADA system provides effective and efficient maintenance and management procedure for water and wastewater management across the world. At present, high requirement of recycling waste water to minimize the scarcity of water around the globe is creating immense opportunities for the growth of SCADA market for water & wastewater management. Increasing development of water/wastewater management facilities in emerging markets such as Asia Pacific and Middle East & Africa is expected to help the SCADA market to grow over the forecast period. In addition, with stringent environmental regulations and depleting water resources, countries are stressing on improving their water and waste water management systems which is also expected to contribute in the growth of SCADA market for water and wastewater management across the globe.
The market overview section of the report showcases the market dynamics and trends such as the drivers, restraints and opportunities that influence the current nature and future status of this market. The report also provides ecosystem analysis and key market indicators for the SCADA market for water & wastewater management. The SCADA market for water & wastewater management data estimates are the result of our in-depth secondary research, primary interviews and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological and legal factors along with the current market dynamics affecting the market growth.
Global SCADA Market for Water & Wastewater Management: Market Segmentation
The global SCADA market for water & wastewater management is segmented on the basis of component and end-user. By component, the global SCADA market for water & wastewater management is bifurcated into hardware, software and services. The market for hardware segment is further cross-segmented into programmable logic controller (PLC), remote terminal units (RTU), network infrastructure, IT and others. Whilst, the market for software segment is further divided into cloud-based and on-premise. Further, the end-user segmentation includes residential and industrial. The residential segment is further divided into government and private. Whilst, the market for industrial segment is further cross-segmented into chemical, food & beverages, pharmaceuticals and others. The report covers the analysis of these segments across all geographies, along with qualitative analysis for key market indicators supplementing the growth of SCADA market for water & wastewater management during the forecast period.
Global SCADA Market for Water & Wastewater Management: Competitive Dynamics
The report also includes competitive profiling of the key players associated with the SCADA market for water & wastewater management around the globe. The important business strategies adopted by them, their market positioning, financials, SWOT analysis and recent developments have also been identified in the research report. The competitive landscape section of the report also gives an overview about the major contributing regions/countries by these key players in order to strengthen their market position in the future.
Government initiatives for wastewater treatment process across emerging economies, are forcing companies to develop advanced SCADA system to continue the profitability of the market. Some of the major players in global SCADA market for water & wastewater management are ABB Ltd., Eaton Corporation, Yokogawa Electric Corporation, Tesco Controls Inc., Schneider Electric, Honeywell International, Inc., Rockwell Automation, Inc., SCADAware, Emerson Electric Co. and Parasyn. Details such as financials, business strategies, SWOT analysis, recent developments, and other such strategic information pertaining to these players has been duly provided as part of company profiling.