openPR Logo
Press release

SCADA Market: Drivers, Restraint & Future Growth

11-28-2018 06:39 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research

In a recent report by Transparency Market Research (TMR), the vendor landscape of the global supervisory control and data acquisition (SCADA) market is estimated to be registering a significant growth owing to the rise in awareness among consumers with relation to the benefits that SCADA provides like real-time detection of faults in machineries. Apart from that the market for supervisory control and data acquisition is also driven by factors like production cost decline and reduced defect in output along with other production process advantages.

Some of the leading players of the global supervisory control and data acquisition (SCADA) market are Schneider Electric SE, OMRON Corp., Rockwell Automation Inc., Honeywell International Inc., and Yokogawa Electric Corp. The competitive landscape seems to be consolidated in nature thus, few handful players are making efforts to hold their control in the overall market. It is difficult for new players to enter the market as major players have made it extremely difficult in the market so that their presence is felt in the data acquisition and supervisory control over the market.

Get PDF Sample of This Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2773

As per the TMR report, the global supervisory control and data acquisition (SCADA) market is estimated to earn a US$40.18 bn within the forecast period of 2016 to 2024. Based on end users, the market is anticipated to be dominated by electric power industry as they are turning out to be a key customer of SCADA in the near future. Geographically, the market is seen to be led by North America although Asia Pacific is soon to gather pace in the coming years.

An important factor leading to the growth of the SCADA market is the SCADA system deployment in sectors like oil and gas as well as electrical sector so as to reduce the loss and optimize production. As SCADA helps in re-routing power from excess capacity areas to places with power need or shortage, it is more likely to increase its demand all over the world. SCADA offer the benefit of restoring power after an outrage and this feature is considered to be augmenting the future market.

Another factor to boost the adoption of SCADA especially in the electric power industry is the increase in the number of incidences of power loss during distribution and transmission. This is most particularly in the case of India and China as there stands a requirement for efficient infrastructure. Thus, Asia Pacific sector is estimated to be one of the most lucrative markets in the near future with the growth of the electric power sector. However, North America remains the dominating region of the overall market and may continue to do so in the future years.

View Our Report @ https://www.transparencymarketresearch.com/pressrelease/scada-market.htm

SCADA is seen to be beneficial for many aspects of marketing however, the surge in the number of cyber threats may act as a hindrance to the overall growth of the market in the long run. Adding to that, the systems may get vulnerable and there may be more cases of cyber-crimes thus, affecting the overall market growth in a negative way.Nevertheless, the rise in technological and financial investments for sophisticated and reliable power management may propel the SCADA market in the years to come.

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com Blog: https://factsntrends.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release SCADA Market: Drivers, Restraint & Future Growth here

News-ID: 1405964 • Views: 202

More Releases from Transparency Market Research

Microarray Market to Explore Emerging Trends of Coming Years
Microarray is an advanced molecular biology technique used to spot expressions of many genes at the same time. Gene expression is a crucial part of normal gene functioning and plays significant role in understanding normal growth and development of life. Any abnormalities in gene functioning can lead to critical disease. Research involving the study of many genes by traditional method is next to impossible. Microarrays serve the purpose. Read Report Overview
Anti allergic Therapeutics Market Trends, Current Demand, and Business Opportuni …
Allergy is described as an abnormal or pathologic immune reaction that occurs in response to foreign material. The foreign material include pollen, dust mites, mold spores, pet dander, food, medicine and many more. Allergies can cause a variety of symptoms such as runny nose, sneezing, rashes, swelling, or itching. Symptoms can range from minor to severe. Allergies includes food allergy, allergic asthma, atopic dermatitis, allergic rhinitis, hay fever, and anaphylaxis.
Prostate Cancer Treatment Market Insights Shared in Detailed Report
Prostate cancer is a cancer of prostate gland, which is a part of male reproductive system. It is the second most common cancer after skin cancer occurring in men. It is prevalent in geriatric men over the age of 50 years. Risk factors for development of prostate cancer are old age, family history, and race. In the U.S., it is more common among the African-American population than Caucasians. Increased prevalence
Paget's Disease Market Set for Rapid Growth
A Paget’s disease is a chronic bone disorder characterized by misshaped or enlarge bone. The disease is primarily caused by disorganized bone formation or excessive breakdown of bone that may result in pain and fracture in joints near the affected bone. In Paget’s disease, the remoulding of bone is disturbed which ultimately leads to brittle and dense bone. Additionally, this disease may also lead to other medical problems such as

All 5 Releases


More Releases for SCADA

Global SCADA Market Research Report 2018
This report thinks about the Global SCADA Market showcase status and figure, arranges the Global SCADA Market advertise estimate (esteem and volume) by producers, type, application, and district. This report centers on the best producers in the United States, South Korea, and Taiwan and different districts. Get sample copy of report: https://www.marketdensity.com/contact?ref=Sample&reportid=5688 Table of Contents 1 SCADA Market Overview 1.1 Product Overview and Scope of SCADA 1.2 SCADA Segment by Type (Product Category)
Growth In SCADA Systems Adoption
The global relay and industrial control manufacturing market, a part of the electrical and electronics manufacturing industry, grew at a compound annual growth rate (CAGR) of around 8% during the historic period. The electrical and electronics manufacturing industry showed a steady growth. The growth is mainly due to high demand for motor starters and controllers from automobile, FMCG and machinery manufacturing industries. In the forecast period, the global relay and
SCADA Market Eliminating Upcoming Threats 2025
Global SCADA Market: Overview SCADA stands for supervisory control and data acquisition, an independent control system in other words, which is essential for proper functioning of numerous industries including energy, oil and gas, water, manufacturing, power, transportation, and recycling. SCADA helps these large-scale organizations and companies to maintain and enhance their efficiency via better communication and swift distribution of data between different departments. Some of the common examples of SCADA in
SCADA Market Prolific over 2025
Global SCADA Market: Overview SCADA stands for supervisory control and data acquisition, an independent control system in other words, which is essential for proper functioning of numerous industries including energy, oil and gas, water, manufacturing, power, transportation, and recycling. SCADA helps these large-scale organizations and companies to maintain and enhance their efficiency via better communication and swift distribution of data between different departments. Some of the common examples of SCADA in
SCADA Market - SCADA System Enables Efficient Wastewater Management, which is Fu …
Transparency Market Research (TMR) observes the global SCADA market for water and wastewater management to be fairly consolidated with a few well-entrenched players that hold the leading market share. Expansion of product portfolio and expanding outreach to serve a large customer base is what key players in this market are vying for competitive gains. ABB Ltd., Yokogawa Electric Corporation, Schneider Electric, Rockwell Automation Inc., Emerson Electric Co., Eaton Corporation, Tesco Controls
SCADA Market - Forecasts from 2016 to 2021
Knowledge Sourcing Intelligence announces a new report titled “SCADA Market - Forecasts from 2016 to 2021”. The report segments the SCADA market based on component (Remote Terminal Units (RTUs), Programmable Logic Controller (PLC), SCADA Communication System, and Human Machine Interface (HMI)), end user (Energy and Power, Oil and Gas, Travel and Transport, Communication and Technology, Manufacturing, Healthcare, and Others), architecture (Software, Hardware, and Services), and geographical region (Americas, EMEA, and APAC).