Global SCADA Market worth USD 15.78 Billion at CAGR 8.96% By 2023

SCADA market Research Report- Forecast to 2022

Global SCADA Market worth USD 15.78 Billion at CAGR 8.96% By 2023

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Copyright © 2018 Market Research Future.

SCADA market Research Report- Forecast to 2022

1 Summary SCADA systems are capable of communicating with adjacent technical equipment through network links such as profibus, RS-485 and others. Increase in technical developments has led to replacement of network links by Ethernet cables which can standardize communication protocols. SCADA systems are capable of providing remote access to monitoring systems with the help of internet by integrating with web technologies. This helps in monitoring controls in smart phones and tablets.

Assessment of new oil and gas fields and low operational cost of SCADA are the key factors leading to growth for global SCADA market. Increase in demand for reliable power distribution and transmission systems, remote monitoring techniques among various industries are the various factors that are fuelling the market growth. The high initial investments in installation and deployment is hindering the market growth.

Key Players: Some of the major player operating in the market of Global SCADA are ABB (Sweden), Rockwell Automation (U.S.), Schneider Electric SE (France), Honeywell International Inc. (U.S.), Siemens AG (Germany), Emerson Electric (U.S.), eLynx Technologies (U.S.), Enbase Solutions (U.S.), Globlx (U.S.), Iconics (U.S.), IBM Corporation (U.S.), Mitsubishi Electric Corporation (Japan) among others.

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Copyright Š 2018 Market Research Future.

SCADA market Research Report- Forecast to 2022

2 Market Overview: The global market of SCADA around the world is growing rapidly. Increasing demand for automation in different energy verticals is the key factor which driving the market of SCADA. North America leads the global SCADA market. It offers benefits such as real time detection of faults in machineries, decrease the amount of defects in output as well as decrease production cost. SCADA systems are being deployed in countries like India and China for smart grid techniques and to reduce power transmission and distribution losses. 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. SCADA systems are implemented to maximize oil and gas extraction.

Additionally, the renewed interest in shale gas extraction has also driven the SCADA systems market.

Intended Audience:       

SCADA distributors and providers SCADA software package vendors SCADA component suppliers Professional service/solution providers Research organizations and consulting companies Technology investors Technology standard organizations

Market Research Analysis: Regional Analysis Geographically, Asia Pacific dominates the market for global SCADA market and is expected to grow at a rapid rate through the forecast period. Demand for SCADA in industries to implement automation is increasing among developing countries like India and China. Rising demand and deployment in power industry is fuelling the market in this region. North America holds the second place in the global SCADA market. Investments in oil & gas industry and rise in Industrial Internet of Things are driving the market in this region..

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Copyright © 2018 Market Research Future.

SCADA market Research Report- Forecast to 2022

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Copyright © 2018 Market Research Future.