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Supervisory Control and Data Acquisition (SCADA) Market To Generate US$ 47.14 billion by 2026 | Hitachi Ltd, Emerson Electric Co., Alstom, Schneider Electric, Mitsubish, Rockwell Automation, Inc., JFE Engineering Corporation, Iconics, Inc
Supervisory Control and Data Acquisition
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Increasing adoption of connected devices, big data, cloud, mobility, IoT, and advanced analytics in industrial environment is expected to support growth of the global supervisory control and data acquisition (SCADA) market.
North America is expected to account for the largest market share in the SCADA market, while Asia Pacific is expected to witness fastest growth in the market over the forecast period. The market growth in North America is attributed to the presence of large number of market players in the region Emerson Electric Co, Honeywell International Inc, Rockwell Automation, Inc. and increasing need to supervise and control industrial processes.
In Asia Pacific, the market growth is attributed to factors, which include growing manufacturing market, high investment and digitization of processes. For instance around US$ 101 billion investment is expected over the forecast period for smart grid technology development in China.
Some of the key players operating in the global SCADA market include, ABB Ltd., Hitachi Ltd, Emerson Electric Co., Alstom, International Business Machines Corporation, Honeywell International Inc., Schneider Electric, Rockwell Automation, Inc., JFE Engineering Corporation, ICONICS, Inc., Mitsubishi Electric Corporation, and others.
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