Global Supervisory Control and Data Acquisition (SCADA) Market Estimated to expand at a CAGR of 5.20% from 2016 to 2024

An insightful study, titled “Supervisory Control and Data Acquisition (SCADA) Market” has been freshly broadcasted to the vast research repository of Market Research Reports Search Engine (MRRSE). This research study provides detailed comprehensions and forecasts future growth of the global market with an in-depth study of the factors impacting revenue growth throughout the mentioned forecast period. Further, a deep analysis on the major players from diverse regions is also present in the report.

Get Sample Report @ https://www.mrrse.com/sample/149

The global of supervisory control and data acquisition (SCADA) market has gained significant momentum in the recent times. The rising awareness among consumers regarding the benefits of SCADA, such as the real-time detection of faults in machinery, reduction in the amount of defects in the output, decline in production cost, and various other advantages it offers to production processes, is boosting this market substantially. The increasing deployment of SCADA systems in the electrical and the oil and gas sectors to reduce losses and optimize production is also adding to the growth of this market significantly.

In terms of revenue, the global SCADA market was valued at US$25.56 bn in 2015. Estimated to expand at a CAGR of 5.20% from 2016 to 2024, the revenues in this market will touch US$40.18 bn by the end of 2024.

The electrical power, oil and gas, manufacturing, water and wastewater, transportation, chemicals, food and beverages, telecommunication, and the pharmaceuticals industries are key end users of SCADA systems across the world. The electrical power industry has been registering a higher demand for these systems than other end users and is likely to remain doing so over the forthcoming years, thanks to the increasing application of SCADA in total grid automation projects various developing countries, such as India and China, which have concentrated on improving their infrastructure in order to curb power distribution and transmission losses.

Apart from this, the ability of SCADA systems to restore power post outrage, re-route power from excess capacity areas to areas approaching overload, collect historical data for trend analysis, and decrease manual labor by relocating affected sections remotely, is also projected to keep the demand for these systems in the electrical power industry high in the years to come.

Regionally, North America, Asia Pacific, Europe, the Middle East and Africa, and South America are considered as the main segments of the worldwide market for SCADA. North America, among these, led the global market in 2015 with a share of 33.6%. Researchers predict that this regional market will retain its lead over the coming years, thanks to the increasing demand for process automation systems in a number of industries, such as the electrical power and the oil and gas sectors. The escalating financial and technological investments for reliable and sophisticated power management is also anticipated to propel the North America SCADA market in the near future.

With Germany surfacing as the leading contributor, Europe emerged second in the global market in 2015. The regional market is expected to remain the same till 2024. The increasing demand for advanced power, oil and gas, and water and wastewater infrastructures and the growing need for effective power generation are likely to drive the Europe SCADA market over the forthcoming years.

The key players in the supervisory control and data acquisition (SCADA) market have been competitively profiled across the five broad geographic regions. This competitive landscape is inclusive of the various business strategies adopted by these major players and their recent developments in the field of supervisory control and data acquisition (SCADA). Further, the report includes the market attractiveness analysis of different components and architecture of supervisory control and data acquisition systems and insight into the major end use area of the supervisory control and data acquisition (SCADA).

The report also provides assessment of different drivers that is impacting the global market, along with the restraints and opportunities that has also been covered under the scope of this report. For each segment (such as components, architecture and end use industry), market dynamics analysis has been provided. All these factors help in determining different trends that has been impacting the overall market growth. Moreover, after taking into consideration all this factors, an extensive analysis of the region wise growth parameters of supervisory control and data acquisition (SCADA) market along with the overall assessment for the forecast period of 2016 - 2024 has been also been provided within this report. Furthermore, the report includes the porter’s five forces and value chain analysis.

Some of the leading players in the market are ABB Ltd (Switzerland), Honeywell International, Inc. (The U.S.), Emersion Electric Co.(The U.S.), Rockwell Automation, Inc.(The U.S.), Siemens AG (Germany), Omron Corporation (Japan), General Electric (The U.S.), Yokogawa Electric Corporation (Japan), Schneider Electric SE (France) and Afcon Holdings Group (Israel) among others.

Read Comprehensive Overview of Report with List of Tables and Figures @ https://www.mrrse.com/scada-market

The global supervisory control and data acquisition (SCADA) market has been segmented as follows:

By Components

Human Machine Interface (HMI)
Programmable Logic Controller (PLC)
Remote Terminal Unit (RTU)
SCADA Communication Systems
Others

By Architecture

Hardware
Software
Services

By End User

Electrical power
Oil & gas
Water & wastewater
Manufacturing
Transportation
Telecommunication
Chemicals
Food & beverages
Pharmaceuticals
Others

About MRRSE

Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

Contact Us

State Tower
90, State Street
Suite 700
Albany, NY - 12207
United States Telephone: +1-518-730-0559
Email: sales@mrrse.com
Website: https://www.mrrse.com/

This release was published on openPR.