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Supervisory Control and Data Acquisition Market Demand for Process Automation in Electrical Power Sector

02-20-2017 10:25 PM CET | IT, New Media & Software

Press release from: TMR - Research Reports

Supervisory Control and Data Acquisition Market Demand

Global market for SCADA systems has been covered under the scope of this report. Major objective for supervisory control and data acquisition (SCADA) is data acquisition from remote devices such as pumps, transmitters; valves etc and provide overall remote control from a host software platform.

Successful implementation of SCADA systems can offer benefits such as real time detection of faults in machineries, decrease in amount of defects in output, decrease in production cost and other production process related advantages..

They are large scale processes and can include multiple sites. However, SCADA systems have security issues, similar to a general computer having internet connection. With the increase in the number of connections between office networks, SCADA systems and the internet, they have become vulnerable to network attacks.

Global SCADA market is primarily driven by increase in investments, for infrastructure development, in the emerging markets. In the electrical power sector, SCADA systems are being deployed in countries like India and China for smart grid techniques and to reduce power transmission and distribution losses.

The existing supply and demand gap in the oil and gas sector has increased the need for efficient search and extraction of oil and gas. Here also SCADA systems are being implemented to maximize oil and gas extraction. Additionally, the renewed interest in shale gas extraction has also driven the SCADA systems market forward.

In the emerging markets, process automation amongst industry verticals like water and wastewater management and chemicals have also been a big driving factor of this SCADA systems market. Considering all these positive impacts, demand for SCADA systems is set to rise during the forecast period to 2014 to 2020.

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The global SCADA market has been segmented into four broad regions: North America, Europe, Asia Pacific and RoW (Rest of the World). By revenue, North America contributed largest market share in 2013.

Large financial and technological investments for reliable and improvised power management are the main driving factor for SCADA systems in this part of the world. By revenue, Europe was the second largest market, followed by Asia –Pacific.

The SCADA systems market in Europe was driven by increase in demand for process automation in electrical power sector, oil and gas sector and the water and waste water management sector.

Growth in SCADA systems market in the Asia-Pacific region can be attributed to the infrastructure development in the power sector along with water and wastewater management sector.

The market for SCADA in Rest of the World (RoW) is primarily driven by factors such as large investments in automated control systems in process industries and demand for safer operations within power sectors, petrochemical, water & wastewater management, and chemical industries.

About TMR

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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