Global Water Automation And Instrumentation Market Is Set To Reach US$ 48B By 2033 Future Market Insights, Inc.

The size of the water automation and instrumentation market to reach US$ 22B by 2023 and US$ 48B by 2033 and grow at a CAGR of 8.1%, according to a recent report by Future Market Insights. IoT is enabling the interconnectivity of devices and systems in the water industry, revolutionizing the industry. Automated water distribution systems increasingly incorporate IoT technologies to monitor water quality, optimize resource utilization, and monitor real-time data.

Automating and instrumenting water systems will enable leak detection, metering, and forecasting of demand to help conserve water. Smart irrigation systems and real-time feedback to consumers will reduce waste and encourage responsible water usage. The integration of water automation systems into smart city frameworks will be a key component of smart cities. City planners and resource managers can share data cross-functionally through this integration, which will promote sustainable urban growth.

A variety of industries require reliable and efficient water management systems, including power generation, oil and gas production, pharmaceutical production, food production, and manufacturing. Instrumentation and automation technologies improve operational efficiency and cost savings in these industries by measuring, controlling, and monitoring water-related processes. A wide range of industries use automated irrigation systems, including agriculture, landscaping, and golf courses. Depending on climate, soil moisture levels, and crop needs, these systems can optimize water usage based on sensor data. As a result, water resources are conserved, and irrigation efficiency is improved.

Key Takeaways:

• Globally, the automation and instrumentation market for the treatment of water is expected to grow at an 8% CAGR.
• A booming economy and technology upsurge is expected to drive China's water automation and instrumentation demand by 9.1% CAGR by 2033.
• Water automation and instrumentation will grow as wastewater treatment increases in the United States. Between 2023 and 2033, the sector is predicted to grow at a CAGR of 7% until 2033.
• Increasing research and development activities by Japan is driving market growth, which is forecast to reach a 7.5% CAGR by 2033.
• The water automation and instrumentation market in pressure transmitters is predicted to grow at a CAGR of 7.9% over the next few years.

“New technologies are being developed, and wastewater treatment demands are increasing, which will increase the demand for water automation and instrumentation. With the growth of the internet and artificial intelligence, water automation and instrumentation demand is expected to increase in the next few years,” says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

Competitive Landscape
Water automation and instrumentation have become extremely competitive globally over the past decade. The company will thrive in a highly competitive market if it has a cost-effective and broader product line.

Market Developments Include:

• In June 2023, Siemens and Petrojet, one of the largest Middle East and African construction groups, signed an agreement aimed at promoting industrial cooperation. Because of the cooperation, both companies will be able to identify opportunities for supporting Egypt's Vision 2030 and supporting the digitalization strategy of the Ministry of Petroleum and Mineral Resources. A Siemens Xcelerator platform will help Petrojet accelerate its digital transformation faster, easier, and at scale with Siemens' latest technology. The companies will have a special focus on water, tunnels, oil and gas, and infrastructure projects across the region. Siemens will also offer several technical training sessions to Petrojet on automation, instrumentation, and control solutions and products.
• In July 2023, L&T Construction was awarded contracts for its water treatment and wastewater treatment operations. Suitable SCADA & other instrumentation works will be used to measure input and output water quantity and quality for the project. It was announced via an exchange filing that L&T Construction's Water & Effluent Treatment Business was awarded a contract to build a water supply scheme for the Hanumanganj multi-group of villages located in Ballia and Firozabad districts by the State Water & Sanitation Mission, Uttar Pradesh.

These insights are based on a report on the Water Automation and Instrumentation Market by Future Market Insights