According to the latest report by IMARC Group, titled “SCADA Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast to 2020-2025”, the global SCADA market size reached US$ 16.7 Billion in 2019. Supervisory control and data acquisition (SCADA) is an industrial control system (ICS) that employs computers, network data communications and graphical user interfaces for high-level process supervisory management. It assists in collecting information, transferring it back to the central computer, alerting the home station, carrying out the required analysis and displaying the analysis to the user. It provides the facility of storing large amounts of data and offers an interface to connect the different sensors deployed in an area. Additionally, it aids in maintaining efficiency, processing data for smart and quick decision making, and communicating system issues to help mitigate downtime.
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One of the pivotal factors bolstering the growth of the market is the growing popularity of SCADA systems around the world. This can be attributed to the assistance offered by these systems in distinguishing faults within the machinery and minimizing potential defects. Besides this, the cost-effectiveness of the SCADA framework is also stimulating the demand for these systems around the world. They can also disseminate power by re-steering electricity from excess capacity regions to areas with a lack of power supply. Another factor which is impelling the market growth is the increasing employment of SCADA systems in the oil and gas industry since they help in enhancing the extraction output, streamlining production and minimizing losses. Looking forward, IMARC Group expects the SCADA market to exhibit moderate growth during 2020-2025.
Market Breakup by Component:
- Programmable Logic Controller (PLC)
- Remote Terminal Units (RTU)
- Human Machine Interface (HMI)
- Communication Systems
Market Breakup by Architecture:
Market Breakup by End-User:
- Oil and Gas
- Water and Wastewater
- Chemicals and Petrochemicals
Presently, the oil and gas segment exhibits a clear dominance in the market.
Region-wise, the market has been segregated into Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. Amongst these, North America represents the largest market, holding the majority of the global share.
The competitive landscape of the market has been examined with some of the key players being:
- ABB Ltd.
- Emerson Electric Co.
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
- General Electric Co.
- Honeywell International Inc.
- Omron Corporation
- Yokogawa Electric Corporation
- Iconics Inc.
- Elynx Technologies LLC
- Enbase LLC
- Inductive Automation.
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