Emerging Markets, Process Automation to Boost SCADA Market Growth
The global supervisory control and data acquisition system (SCADA) market will primarily be driven by increased investments in infrastructure development within emerging markets.
Albany, NY -- (SBWire) -- 04/09/2018 --The report, SCADA Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020, published by Transparency Market Research, states that within the electrical power sector market growth will result from increasing numbers of SCADA systems which are being deployed in countries like India and China to reduce power transmission and distribution losses.
Within emerging markets, process automation amongst industry verticals like water and wastewater management have been a big driving factor of the SCADA market.
SCADA markets are also being stimulated by the renewed interest in shale gas extraction.The existing supply and demand gap in the oil and gas sector has increased the need for efficient search and extraction of oil and gas.
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Demand for SCADA systems is set to rise during the forecast period, as rising numbers of industries aim to acquire data from remote devices such as pumps, transmitters; valves etc. and provide overall remote control from a host software platform.
This competitive landscape is stimulated by the various business strategies adopted by major industry players and their recent developments in the field of SCADA.
Further, the report includes the market attractiveness analysis of different components and architecture of SCADA systems and insight into the major end use area of the systems.
Some of the leading players in the market include ABB Ltd (Switzerland), Honeywell International, Inc. (The US), Schneider Electric SE (France) and Afcon Holdings Group (Israel) among others.
The report provides assessment of different trends, drivers, restraints and opportunities that are impacting the global market for the forecast period of 2016 - 2024.
Based on components, the market report has been segmented into human machine interface (HMI), programmable logic controller (PLC), SCADA communication systems, remote terminal unit (RTU) among others. By architecture, the market has been segmented into hardware, software and services.
The global SCADA market, by end use industry, is segmented into electrical power, water & wastewater, oil & gas, manufacturing, transportation, telecommunication, chemicals, food & beverages, pharmaceuticals and others.
By geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA) and South America.
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