Supervisory control and data acquisition (SCADA) systems refer to variety of complex software products that are used for the purpose of analyzing and gathering real-time data concerned with a variety of entities. SCADA networks are used to monitor and control a variety of industrial devices and sensors in a system remotely, and communicate their statuses with a central data processor. In the field of water and wastewater management, SCADA systems are used for the effective management of water and wastewater resources.
In the recent years, the global SCADA market for water and wastewater management has witnessed a significant rise in research and development activities and a number of highly sophisticated products have entered the global market. The highly advanced SCADA systems of the present times are capable of effectively managing the dynamic changes that are occurring in the water and wastewater infrastructure across the globe.
In a recent market research report, Transparency Market Research states that the global SCADA market for water and wastewater management will register a healthy 5.6% CAGR over the period between 2015 and 2025. If the numbers holds true, the market could rise from a valuation of US$1,267.4 mn in 2015 to an opportunity of US$2,172.1 mn by 2025.
What factors will play a key role in the future growth of the market?
One of the key factors expected to drive the global SCADA market for water and wastewater management is the increased penetration of smart devices and a variety of sensors in water utility infrastructure across the globe. The increased demand for upgrading existing infrastructure so as to serve the mounting global population effectively is also massively contributing to the overall development of the global SCADA market for water and wastewater management. In the near future, the increased need for technological upgrades in water utility and wastewater processing, especially in developing economies across industrially thriving regions such as Asia Pacific will also lead to healthy growth opportunities for the global SCADA market for water and wastewater management.
The easy and increased availability of technologically advanced products having an improved set of capabilities and functionalities, the rapid pace of development of constituent elements that are flexible, and the massive improvement in the area of data communications are also helping SCADA systems gain increased penetration in the water and wastewater management sector. Moreover, strict environment-protection regulations and depleting sources of freshwater are also compelling countries to improve their water and wastewater management systems, thus developing the need for advanced technologies such as SCADA.
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Which region presents the most attractive growth opportunities for the market?
Of the key regional markets for SCADA in the field of water and wastewater management, the market in Asia Pacific is expected to emerge the most lucrative and the one with the most promising growth opportunities in the next few years. The thriving industrial sector, massive rise in population, depleting freshwater resources, and rising concerns regarding the harmful impact of industrial wastewater on the environment are all leading to increased focus on the improvement of utility infrastructure in emerging economies in the region. This has brought a massive rise in adoption of SCADA systems in the water and wastewater management industries.
In developed economies across regions such and North America and Europe, SCADA is already a core technique used for managing the advanced utility infrastructures. These regions could also present promising growth opportunities to the global SCADA market for water and wastewater management.