Supervisory Control and Data Acquisition (SCADA) Market : Leading Players Leverage Mergers and Acquisitions to Bolster Positions

The top six players in the global supervisory control and data acquisition (SCADA) market accounted for about 60% share in the market in 2015. They are Honeywell International Inc., ABB Ltd., Schneider Electric SE, Rockwell Automation Inc., Siemens AG, and Emerson Electric Co. This makes the market consolidated in nature. Competition in the market is stiff with the prominent players increasingly looking to leverage mergers and acquisitions and strategic partnerships to improve their positions.

A report by Transparency Market Research predicts the global market for supervisory control and data acquisition (SCADA) to attain a value of US$40.18 bn by the end of 2024 from US$25.56 bn in 2015. It is expected to expand at 5.20% CAGR from 2016 to 2024.

Obtain Report Details @ http://www.transparencymarketresearch.com/scada-market.html

North America Rules Market Because of Soaring Demand for Process Automation

Among the various end users in the global market for supervisory control and data acquisition (SCADA), the electrical power industry is the leading end use segment on account of the growing deployment of SCADA in total grid automation projects across developing countries of India and China, that are putting a lot of thrust on bettering their infrastructure to curb losses in power while distribution and transmission.

Geographically, the key segments in the global market for supervisory control and data acquisition (SCADA) are Asia Pacific, North America, Europe, the Middle East and Africa, and South America. North America, among them, holds a dominant position in the market and going forward too will likely hold on to its leading position. In 2015, for example, North America’s leading share in the global supervisory control and data acquisition (SCADA) market was of 33.6%. Soaring demand for process automation systems in various industries, namely electrical power, water and wastewater infrastructures, and the oil and gas sectors is predicted to underpin the regions position in the market.

Europe, powered by Germany, lags North America. The growing demand for advanced power and oil and gas, and need for efficient power production is stoking the market in the region. The Asia Pacific market for supervisory control and data acquisition (SCADA) is forecasted to be driven by the soaring demand for process automation in the oil and gas industry, rapid development of industrial infrastructure, better wastewater management, and upwsing exploration activities in new renewable energy resources in the near future.

Rising Awareness about SCADA Drives its Market

One of the main factors stoking growth in the global market for supervisory control and data acquisition (SCADA) is the growing knowledge among people about the advantages of SCADA, such as the reduced defects in the output, lessened production cost, real time detection of faults in machineries, and several other advantages offered by these systems in the production process. “The increasing deployment of SCADA systems in the electrical power sector in emerging economies for smart grid techniques in order to reduce the loss suffered in power transmission and distribution is likely to have a great impact on this market over the forthcoming years,” explains the lead analyst of the report.

Fill The Form For An Exclusive Sample Of This Report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2773

Besides, the increasing use of these systems to enhance oil and gas extraction and the rising interest in shale gas will also catalyze the growth in the market substantially in the years to come. Factors posing headwinds to the market are the increasing risk of cyber threats and the issues related to data integration in the oil and gas industry.

This review is based on the findings of a TMR report, titled, “Supervisory Control and Data Acquisition (SCADA) Market (Components - Human Machine Interface, Programmable Logic Controller, Remote Terminal Unit, and SCADA Communication Systems; Architecture - Hardware, Software, and Services; End User - Electrical Power, Chemicals, Oil and Gas Industry, Food and Beverages Industry, Manufacturing Industry, Transportation Industry, Pharmaceutical Industry, Water and Wastewater Management Industry, and Telecommunications Industry) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024.”

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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.

Transparency Market Research
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.