Pune, India, October 18, 2017/MRFR Press Release/- Market Research Future published a Half Cooked research report on “Global SCADA Market Research Report - Forecast to 2022 ” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022
ABB, Rockwell Automation, Schneider, Honeywell, Siemens, Emerson Electric, eLynx Technologies, Enbase Solutions, Globlx and Iconics. among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global SCADA systems market.
SCADA Global Market – Overview
SCADA is an automation system that helps to acquire data from remote devices by using transmitters, pumps which is installed in the field. It provides remote control and also helps to operate the devices. Exploration of new oil and gas fields and low operational cost are the key factors that have led to a spur in the market of SCADA system. Moreover, Factors such as graphic display, trending, alarm, and data storing features are driving the market. Huge potential from renewable energy sector, high investments in infrastructure are some of the factors which are booming the SCADA market. Additionally demand for reliable power distribution and transmission among different industries, rising demand for SCADA systems in oil & gas industry in emerging markets for efficient oil extraction are likely to accelerate the growth of supervisory control and data acquisition market during the forecast period. As per the study conducted by Market Research Future, the global market for SCADA systems is likely to grow at the CAGR of around 6.5%.
SCADA (Supervisory Control and Data Acquisition) is an automated tool which can administer, analyze, assemble data and generate reports. The global SCADA market is estimated to witness significant growth during the forecast period, owing to growing demand for safety, minimize distribution & transmission loss, and also due to deployment of SCADA data into cloud and incorporation with corporate IT. The increase in end-user industry applications is also expected to boost the growth; however, factors such as increasing cyber-attacks, administration issue with the data generated are likely to hamper the market growth.
Lack of awareness of the IT trends is a chief limitation for deploying the SCADA system. However, recent product advances can embed easily with the smart-phone and deliver ease of access to all employees working, numerous players are stepping in the SCADA market with the advanced and innovative products variants. It is predicted by the major players in the industry that no such substitute of this technology is expected to come in the market in coming decade. The opportunities in the SCADA market will be due to automation and Internet of Things (IoT) technologies for retail sector.
Geographically, the global SCADA market has been divided into North America, Europe, Asia Pacific and Rest of the World. Among these regions, North America is dominating the SCADA market due to the presence of global players. U.S holds largest share in the North American region. The major factors such as investments in oil & gas industry as well as high consumption in the power industry are driving the SCADA market in this region. Moreover, large financial and technological investments for reliable and improvised power management system are also driving the demand in the SCADA market. Asia Pacific is the second largest market mainly due to significant infrastructural activities in recent times. Additionally increasing demand in the power generation industry in these regions is expected to drives the market.
In December, 2017 – ABB has been named as the global market leader in SCADA (supervisory control and data acquisition) systems for the power transmission and distribution sector by ARC Advisory Group, a leading technology research and advisory firm
In June, 2016 – Honeywell (NYSE: HON) Process Solutions (HPS) announced the launch of Experion Elevate, a real-time process supervisory control and data acquisition (SCADA) solution delivered as a secure and scalable service.
In January, 2017 – Major infrastructure project takes advantage of advanced SCADA solution designed and delivered by multinational Rockwell Automation Global Solutions team and local systems integrator to supply Amman with fresh water.
In July, 2016 – ABB has signed contracts with the Vietnamese power company Central Power Corporation (CPC) for the supply of SCADA/DMS (Supervisory, Control and Data Acquisition/Distribution Management System) software to Pleiku and Tam Ky in Central Vietnam. The solutions will help improve power supplies for the approximately 250,000 inhabitants of these cities.
SCADA Global Market – Segmentation
The scope of global SCADA systems market is segmented into two major segments which are explained below:
SCADA Global Market - Competitive Analysis
The global market for SCADA systems is one of the most technological advance market. To maintain the market position and to drive the market growth, all the major players continuously strive for technological development in their SCADA systems. Market leaders are rigorously involved in R&D activities, so as to develop feasible product, which fulfils all the client requirement over their automations requirement at all level of end user applications.
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