ALBANY, New York, December 12, 2018
ALBANY, New York, December 12, 2018 /PRNewswire/ --
The global SCADA market has highly competitive and moderately consolidative vendor landscape, Transparency Market Researcher (TMR) witnesses. Some of the prominent players operating in the SCADA market for water and wastewater management are ABB Ltd., Yokogawa Electric Corporation, Schneider Electric, Rockwell Automation Inc., and Emerson Electric Co.
A report from TMR estimates, the global automated guided vehicle market registered the revenue of US$1,267.4 mn in 2015 and expected to achieve a value of US$2,172.1 mn by 2024. The market is expected to expand with a CAGR of 5.60% over the forecast period from 2015 and 2025.
Get PDF Brochure for Research Insights at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=12179
Based on the component, the service segment accounted for 55% of shares in 2016 and is expected to remain dominant over the forecast period. Based on end-user, the industrial segment is expected to expand with a CAGR of 6% over the forecast period from 2015 to 2025. Based on region, North America dominated the global SCADA market for water & wastewater management in 2016 by accounting 33% of share.
Browse Research Release at https://www.transparencymarketresearch.com/pressrelease/global-scada-market.htm
Rising Awareness about Health to Propel Growth
The global SCADA market for water and wastewater management is gaining traction due to increasing investment for improving infrastructure coupled with the growing need for clean and drinkable water. Additionally, growing complexities for maintaining the water and wastewater facilities are fuelling demand for the SCADA systems and likely to fuel the growth of the SCADA market.
Furthermore, companies are increasingly investing in improving the water and wastewater treatment systems. In addition, the companies are trying to improve their product portfolio and business expansion; thus, they are increasingly investing in research and development activities. The growing advancements in the systems and water purification technologies are improving the efficiency of wastewater management systems. This, in turn, is fuelling the growth of the SCADA market.
Request a Sample of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=12179
Rising awareness about health and quality of water globally and especially in the developing countries is encouraging adoption of SCADA systems, which is likely to impel the growth of the market over the forecast period.
Growing Government Investment to Offer Opportunities
However, the high cost of systems and its installation coupled with lack of skilled labor for handling the complex process is limiting adoption of SCADA systems for purification of water. This is a key factor restraining the growth of the SCADA market. Nonetheless, rising government investment for improving technology in the field is enhancing the growth of the market. Numerous governments are encouraging the adoption of SACADA systems for water & wastewater management. Additionally, growing awareness about the environment and knowledge of hazardous effects of wastewater on human health is boosting the adoption of SCADA systems globally. These factors are fuelling the growth of the SCADA market.
This information is encompassed in the new report by TMR, 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."
Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=12179
For the study, the SCADA market has been segmented as follows:
Browse More IT & Telecom Market Research Reports
Popular Research Reports by TMR:
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Mr. Rohit Bhisey
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
Research Blog: https://tmrblog.com/