Transparency Market Research

Real Time Data Acquisitions in Electrical Systems Market Set to Witness an Uptick During 2017 to 2025


Albany, NY -- (SBWIRE) -- 01/18/2018 -- Real time data acquisition provides vital support application in order to monitor supported electrical device conditions, especially when the observed parameters influence the supported equipment electrical device operation such as temperature, humidity, voltage, current and wind condition. Real time data acquisition is widely used in electrical measurement systems for precise data. They process the analog signals and convert them into digital numeric values with the help of a computer for storage and analysis, real time data acquisition systems reads the data stored in appropriate buffers, or read data in real time. In the real-time data acquisition, data is transferred to the bandwidth at regular intervals and is then updated to the data store objects, which are directly available for reporting and analysis. Background processes in the bandwidth system initiate the information packages and data transfer processes assigned to them. A real time data acquisition system is any instrument that acquires data from sensors, digitally converts it and stores it at a central location where it can be analyzed and processed for an electrical device. The system includes input/output subsystems, a host computer and controlling software for electrical system. From the past few years, demand for these has been increasing across various industry verticals. Real time data acquisition is used in electrical system in order to provide reliable, safe, and efficient power, utilities depend on accurate and robust systems for monitoring and control.

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Data acquisition systems helps in real time decision making because of its ability to obtain and analyze data on real-time basis. The major factor driving the data acquisition market is an accelerating adoption of Ethernet, cater to lead growing confidence around interoperability and ease of integration. Moreover, increased demand in faster internet speeds from the end-users has led to the migration towards USB and Ethernet based solutions. Some other factors augmenting the market demand are changing customer and interoperability requirements, need for faster processing and improvement in electrical system standards. At the same time, lack of specialized skills and the security issues are hindering the growth of market for real time data acquisition in electric system. The cost of implementation is also a primary concern impacting the growth of market for real time data acquisition in electrical system, however it can be minimized using simulation software or technologies.

Real time data acquisitions in electrical systems is segmented on basis of product type, architecture and geographical regions. By product type, the global data acquisition market is classified into peripheral component interconnect, LAN extensions for instrumentation (LXI), VME extensions for instrumentation (VXI) and others. By architecture, the market is fragmented into hardware, software, and services. Further, the hardware segment is bifurcated into Human Machine Interface (HMI), Programmable Logic Controller (PLC), and Remote Terminal Unit (RTU). Based on geographical regions, the global data acquisition in electrical system market is further segmented as Europe, North America, South America, Asia Pacific, and Middle East & Africa. The North American region holds a major share of market for real time data acquisition in electrical system followed by APAC and Europe.

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The real time data acquisition in electrical system is highly competitive due to the presence of numerous players present in the market. The important players operating in the market include ABB Ltd., Honeywell International, Siemens AG, Schneider Electric, Emerson Electric Company, Rockwell Automation, Inc., General Electric, Campbell Scientific Inc., Agilent Technologies and Ametek, Inc. and so on. Recently Honeywell introduces real-time SCADA as a secure and scalable service named 'Experion Elevate' which delivers the right information at the right time, enterprise collaboration, and cyber secure access anywhere. In order to gain a competitive advantage in the industry, these players are actively involved in organic and inorganic growth strategies, collaborations, partnerships, agreements, and new product launches are some of the important strategies followed by them.

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