The Global Telemetry for Water Networks Market, by Type (Satellite Data Transmission, Cellular Data Transmission, Radio Data Transmission, and Telephone Modem Data Transmission), by Application (Oil Clean Water Production, Recycling of Waste Water, Dam Monitoring, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Global Forecast to 2027”, is expected to grow at a CAGR of 11.4% during the forecast period (2019-2027), as highlighted in a report published by Coherent Market Insights.
A telemetry for water networks system helps in monitoring and managing of water treatment plant and distribution. Telemetry for water networks is divided into three parts, centralized control, links, and local control-monitoring. By using centralized control, different sites can be remotely supervised and monitored with the help of centralized supervisory control and data acquisition (SCADA). Links are used to connect the local unit with centralized unit. Data is shared between local units and centralized units with the help of switched telephone network and it is either cyclical or event-driven. Local control-monitoring automation provides electrical distribution and protection functions required for the operation of the process. In case of failure, it is also capable of providing required information and suggesting options to overcome the situation.
The need for centralized process in water management system is expected to drive growth of the global telemetry for water networks market during the forecast period
Water management bodies are focusing on centralizing services to reduce the long term cost and improve the overall efficacy of water distribution network. Water recycling and distribution network operates at different locations. It is difficult and expensive procedure to manage all these sites without centralized unit, as operating person will have to travel to individual sites to operate the equipment. Telemetry provides real-time data and by using real-time data, actions can be taken from central unit remotely. This reduces the operation risk margin significantly and also provides data for further decision making. These factors are expected to drive growth of the global telemetry for water networks market during the forecast period.
Telemetry for water networks for farmers is expected to offer lucrative growth opportunities for players in the telemetry for water networks market
The increasing adoption of telemetry for water network management by farmers is expected to offer lucrative growth opportunities for players operating in the telemetry for water networks market. Water management is very crucial for farmers, as they require maximize output with minimum water. The use of telemetry for water management can provide farmers with benefits such as reduced energy cost by reduced pumping and monitoring of pump. Telemetry also reduces the water charges by supplying only required amount of water for farming. Also, it will help in reducing other input costs.
Competitive pricing by new entrants is expected to restrain growth of the global telemetry for water networks market over the forecast period
Intense competition among telemetry companies is expected to restrict the market growth in the near future. Telemetry companies in Asia have easy access to cheap raw materials and labors, where they can provide products at low price. This, in turn, is expected to hamper the global market players significantly. The increasing product functionality and performance, coupled with decreasing prices in developed economies such as North America and Europe have made it challenging for key market players to compete with manufacturers from emerging economies. This is expected to hinder the market growth over the forecast period.
The integration of telemetry for water networks with cloud-based systems is a major trend in the market
Earlier, an operating person had to be physically present on local site to take decision in telemetry system for water network. Companies are introducing new, web-based telemetry for remote monitoring and control. This software is capable of providing data anytime, anywhere with the help of internet and is designed for multi-user or multi-location applications. With the help of cloud-based feature, water managers can view all operating pump stations on a single screen and take decisions accordingly. Furthermore, these systems are capable of giving warning alarms in case of emergency.
Key players operating in the global telemetry for water networks market include Schneider Electric SE, Construserv Group, QLD Windmill and Solar, Lindsay Corporation, In-Situ Inc., Dfa-Inc., Silver Bullet Water Treatment Company, LLC. Watch Technologies, Powelectrics, PROPUMP AND CONTROLS, INC., Xylem Inc., Gussmann Technologies, Electrosense Technologies Pty. Ltd, Eureka Water Probe, High Tide Technologies, Dŵr Cymru Cyf, OTT Hydromet GmbH, LACROIX Sofrel, VAE CONTROLS, HWM-Water Ltd., Oriel Systems Limited, and others.
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.