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Technavio Asserts the Introduction of Cloud-Based PLCs Will Drive the Global PLC Market in Water and Wastewater Industry Through 2019Technavio, a tech-focused research firm, has published a new report on the global PLC market in water and wastewater industry, which is expected to grow at a CAGR of close to 7% from 2015-2019. In accordance with the latest report by Technavio, energy consumption constitutes 20%-30% of a water treatment plant's total operational cost. Therefore, there is a strong emphasis on increasing the energy efficiency and operational effectiveness of water treatment plants. "The adoption of automation in water treatment plants enables better communication, and precise coordination among different departments within a plant. It also reduces their dependency on human resources and micromanages the overall industrial process," says Faisal Ghaus, Vice President of Technavio. The new report by Technavio also states that PLCs are controlled from the plant facility using a human machine interface (HMI) screen by the operator. However, most organizations are now adopting cloud computing technology for asy access of data, and to facilitate prompt decision making. "Although cloud computing in a plant facility is at a nascent stage, end-user industries are likely to shift toward cloud technology in the forecast period because of cyber security issues," adds Ghaus. Technavio currently has more than 3000 market research reports on a huge range of topics, including:
About Technavio Technavio is a leading global technology research and advisory company. Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
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