Global Water Automation and Instrumentation Market Poised for Growth, Forecasted to Reach USD 5.90 Billion by 2029 [Yahoo! Finance]
SCHNEIDER ELEC UNSP/ADR (SBGSY)
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Source: Yahoo! Finance
Forecasts 2019 - 2029" report has been added to ResearchAndMarkets.com's offering. Industry Growth Trajectory Amidst Challenges The global water automation and instrumentation industry is on a growth spurt, despite initial setbacks due to the COVID-19 pandemic. With a predicted Compound Annual Growth Rate (CAGR) of 7.49% from 2024 to 2029, the market is projected to reach a valuation of USD 5.90 billion by the end of the forecast period. Increasing environmental regulations and the critical need for efficient water management systems are driving the demand for innovative solutions in the sector. Operational Cost Management: A Critical Consideration As water utilities grapple with the dual pressures of compliance and conservation, managing operational expenses has become a top priority. Labor and energy, forming a significant portion of operating expenses, are being keenly observed and optimized through automation and instrumentation technologies, leading to more sustainable an
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