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SCADA Market Boom in Near Future | Major Players are ABB, Alstom, B-Scada Inc., Emerson, General Electric, Honeywell, Rockwell Automation, Siemens, Schneider Electric and Yokogawa

SCADA Market

SCADA Market

Market Information: -

SCADA Market is anticipated to witness several growth opportunities over the coming years owing to the growing demand of SCADA in process automation, rising awareness among consumers, and reduction in the operating costs. The system is offering its consumers several benefits, such as decline in the production costs, reduction of output defects, and real-time detection of faults in the machinery, which are enhancing the overall SCADA market growth.

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These systems are implemented by organizations for intelligence, communication, control, command, and surveillance purposes. The demand for continuous maintenance of machinery in several industries to ensure the safety of equipment, machinery, environment, and employees has augmented the adoption of these systems, thereby driving the SCADA market growth.

Segmentation: -

The SCADA market based on components can be segmented into Human Machine Interface (HMI), Programmable Logic Controller (PLC), Remote Terminal Unit (RTU), and communication systems. The RTU market is projected to hold a high revenue share in the overall SCADA market. The major share of RTU in the industry is credited to the components’ ability to allow efficient decision making for the operators. Deep sea exploration and extraction of shale gas in the oil & gas industry using several RTU systems are further driving the demand for the RTU device implementation.

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On basis of the end-use industries, the SCADA market can be segmented into chemicals, electrical power grids, manufacturing, oil & gas, pharmaceuticals, telecommunication, transportation, and water & wastewater industries. The oil & gas vertical is anticipated to grow at a high rate over the forecast time span. SCADA solutions when implemented in this vertical help in automatizing the processes thereby aiding to easily explore and extract the oil & gas. The increasing deployment of SCADA systems to reduce losses and optimize the production is also aiding the growth of the SCADA market significantly.

Regional Analysis: -

Asia Pacific SCADA market is anticipated to offer high growth opportunities over the forecast time span owing to the rise in end-use applications such as manufacturing and telecommunication. In addition, the increase in the number of developing industries, the need for automated industries, and growing living standards in the region have led to an increase in the energy demand from power and oil & gas industry. These factors have led to an increased demand for automated solutions in the region thereby propelling the SCADA market growth.

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Key industry players operating in the SCADA market: -

ABB Ltd., Alstom, B-SCADA, Inc., Emerson Electric Company, General Electric Intelligent Platforms, Honeywell International, MPC Consulting, Omron, Power System Engineering, Rockwell Automation, Siemens AG, Schneider Electric SE, UTSI International Corporation, and Yokogawa Electric Co.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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