Increase in Investment in Power Transmission & Distribution Sector Expected to Drive Global SCADA Market Over the Forecast Period: Ken Research

SCADA or supervisory control and data acquisition is basically a computer or automation system for gathering & analyzing real time data. Its main purpose is to monitor & control a plant or equipment in various industries such as telecommunications, energy, oil and gas refining, water & waste control, and transportation.  It facilitates end users to directly interact with devices for instance valves, sensors, pumps, and motors through human‐machine interface (HMI) software, and record measures into a log file.

Some of the essential features of SCADA are intelligent alarming, scripts, networking, recipe management, security, dynamic representation, trends, device connectivity and database connectivity. Additionally, key benefits are included improve product quality, reliability & robustness, integrate with business systems, reduce operating & maintenance costs and maximize productivity.

According to study, “Global SCADA Market Research Report — by Component (Hardware and Solution & Services), Deployment Type (On-cloud, On-premise), End-Users (Oil and Gas, Energy & Power, Manufacturing, Telecommunication, and Chemicals) – Forecast Till 2023” the key companies operating in the global SCADA market are Rockwell Automation, Siemens AG, Emerson Electric Corporation, Honeywell Automation, Yokogawa Electric Corporation, Mitsubishi Electric Corporation, Omron Corporation, Schneider Electric SE, General Electric, Radiflow, Checkpoint Software Technologies Ltd., IBM Corp., Alstom, ABB LTD., Hitachi LTD., JFE Engineering Corporation, Valmet, Sprecher Automation, Toshiba, Certec EDV, Fuji Electric, Inductive Automation, Progea, Copa-Data, Schweitzer Engineering Laboratories (SEL), Elynx Technologies, Capula, Enbase, Azbil.

Based on component type, SCADA market is segmented into solutions & services components and hardware components. Solutions & services segment is further sub-segmented into network system protection, building management system, remote maintenance, data management software and others. Hardware segment is further sub-segmented into Programmable Logic Controller (PLC), communication systems (wired communication systems & wireless communication systems), remote terminal unit, Industrial Control Systems (ICS), HMI and others. In addition, based on end-user, market is segmented into oil & gas, food & beverage, water & waste management, manufacturing, energy & power, chemical, telecommunication, pharmaceutical and others.

The SCADA market is driven by high importance of infrastructure development in terms of smart cities & transportation, followed by rise in penetration of mobile SCADA systems, growth in demand for industrial mobility solutions to proficiently manage process industries, increase in adoption of Industry 4.0 in process industries, and rise in use of software platforms such as IoT & artificial intelligence for digital transformation. However, high investment for setting up SCADA system and growth in risk of cyber-attacks may impact the market. Moreover, rise in development in big data analytics is a key opportunity for market.

Based on geography, the Asian-pacific region dominates the SCADA market owing to reduction in the operating costs, growth in need for automated industries, rise in awareness among consumers and increase in investment in power transmission & distribution sector across countries like India, China and Japan in the region. The North-American and European regions are projected to witness lucrative growth rate due to rise in living standards, growth in technological advancements and rise in number of developing industries over the forecast period. It is estimated that the market will be reached at US $21.57 billion by 2023.

For more information, click on the link below:

Global SCADA Market

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Ken Research

Ankur Gupta, Head Marketing & Communications

+91 9015378249

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