Press release
Worldwide Supervisory Control and Data Acquisition Market to Expand at 5.0% CAGR Fueled by Surging Demand from Power Sector
The global supervisory control and data acquisition (SCADA) market is forecast to expand at a 5.0% CAGR from 2014 to 2020, according to Transparency Market Research. In its latest report, titled “Supervisory Control and Data Acquisition (SCADA) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, TMR states that the global SCADA market will grow from a value of US$23.2 bn in 2013 to US$32.7 bn by 2020.The SCADA market is fueled by a number of factors, such as rising infrastructure investments in emerging economies, increasing demand for SCADA in the oil and gas sector, growing risk of cyber threats, and a surge in process automation in various industry verticals. The development of cloud-based SCADA and wireless sensor network-based SCADA is anticipated to further fuel the overall market.
The global SCADA market is segmented on the basis of components into programmable logic controller, SCADA communication system, human machine interface, remote terminal unit, and others. By architecture, the SCADA market is categorized into software, hardware, and services.
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SCADA systems find application in a number of industries: chemicals, food and beverages, transportation, water and waste water management, electrical power, oil and gas, manufacturing, pharmaceuticals, and telecommunication. With a 17.70% share in the overall SCADA market in 2013, electrical power emerged as the largest revenue contributor. This can be attributed to the rise in grid automation projects in the power sector. Automation of a number of processes has allowed SCADA systems to store historical data for trend analysis and control power distribution and transmission costs.
Geographically, the global SCADA market comprises four key regions: Europe, Asia Pacific, North America, and Rest of the World (RoW). The RoW region includes Latin America, the Middle East, and Africa. In 2013, North America held the largest share in terms of revenue, fueled by improvised and reliable power management and massive technological and financial investments. Rapid advancement in process automation enabled this region to hold a 33.80% share in the market in 2013. Europe is the second-largest SCADA market, propelled by growing demand for process automation in the oil and gas sector, electrical power industry, and the water and waste water management segment. The Asia Pacific SCADA market is driven by infrastructural development in the waste water management sector as well as the power sector.
Some of the leading players competing in the SCADA market are General Electric Co, Rockwell Automation, Inc., Schneider Electric SE, Omron Corp, ABB Ltd., Siemens AG, Yokogawa Electric Corporation, Honeywell International, Inc., Emerson Electric Co., and Alstom SA. These vendors are profiled in the SCADA market research report based on aspects such as recent developments, business strategies, and financial and business overview.
About Us
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.
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