SCADA Market Analysis and Forecast 2020: By Keyplayers ABB Ltd., Hitachi Ltd, Emerson Electric Co., Alstom, International Business Machines Corporation, Honeywell International Inc., Schneider Electric, Rockwell Automation, Inc., JFE Engineering Corporati

Global Supervisory Control and Data Acquisition (SCADA) Market - Insights

Supervisory control and data acquisition is a combined system of software and hardware that allows industrial organizations to monitor, gather, and process real-time data in various fields. It aids in controlling industrial process locally or from a remote location. SCADA helps in establishing interaction with devices, sensors, valves, pumps, and motors and maintains log files.

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.

Download Free PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/2158

The global supervisory control and data acquisition (SCADA) market is expected to witness significant growth during the forecast period (2018–2026). The market growth is majorly attributed to increasing demand for real-time detection and minimization of flaws in industrial processes. Use of SCADA helps in detecting and minimizing the flaws in more efficient manner. Furthermore, the technology also helps in efficient distribution of power via re-routing.

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.

SCADA system consists of large number of components such as operating equipment (pumps, valves, conveyers, and substation breakers); local processors to communicate with equipment and site’s instruments including programmable logic controller (PLC), remote thermal unit (RTU), intelligent electronic device (IED), and process automation controller (PAC); instruments to sense pH, temperature, pressure, power level, and flow rate; short range communications and long range communications; and host computers, which is a central point of monitoring and control where an operator supervises all the processes such as receiving alarms, reviewing of data, and exercise control. These components offer better automation and reduce complexity in the overall process.
Several enterprises worldwide such as General Motors Company, Honda and Metasphere Ltd have implemented SCADA technology for controlling and monitoring connected devices, owing to its unique features that include, intelligent alarming, web connectivity, SCADA playback, data visualizations, data and alarm query, automating switching power flow analysis, and NOMADIC access.

Request Sample Copy @ https://www.coherentmarketinsights.com/insight/request-sample/2158

Moreover, increasing demand for maintaining transparency in strategies and operational processes is also expected to boost demand for SCADA. The technology improves business operational efficiencies by automating various operational routine tasks, setting timely objectives, and maintaining transparency and security in the data related operations.

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.  

Increasing demand for SCADA services among water and waste water management and energy distribution in emerging economies of Asia Pacific is expected to boost the market growth.

Asia Pacific is increasing adopting SCADA for automation, water and waste water management, and energy distribution. Several organizations such as Tata Motors Company, Honda Motor Co., Ltd. And Mahindra & Mahindra Ltd. are utilizing wireless communication technologies to update/substitute part of hardwired SCADA system arrangements to avail its benefits with reduced costs and better performance.

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

This release was published on openPR.