SCADA Market Attracts Prominent Sales Avenues Due to Surge in Adoption of Industry 4.0, TMR Report

News provided by

Jun 17, 2022, 07:30 ET

The global SCADA market share is estimated to reach a valuation of US$ 72.5 Bn by 2031
Surge in the utilization of SCADA systems for automation of electrical distribution is bolstering the market
The presence of many key players makes Asia Pacific fastest growing region in the SCADA market

ALBANY, N.Y., June 17, 2022 /PRNewswire/ -- A study by Transparency Market Research (TMR) projects the global SCADA market to expand at a CAGR of 7.5% during the forecast period, 2022-2031. Moreover, the market is expected to be valued at US$ 72.5 Bn by 2031.

SCADA systems are widely adopted across a wide range of industries in order to automate processes in which human control is unfeasible. Moreover, the demand for SCADA systems is being increasing owing to their ability to help in costs saving and providing real-time data in order to monitor equipment in addition to providing multifaceted remote industrial controls. This factor, in turn, is boosting the SCADA market growth, notes a study by TMR.

The SCADA systems are being incorporated across varied industries as they assist users to be alert about possible network issues and to play key role in decision-making in order to respond accordingly each time. This factor is prognosticated to help in driving the SCADA market revenue during the forecast period.

Get PDF Brochure for More Insights - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=12179

SCADA Market: Key Findings

A SCADA-based industrial control system refers to a next-gen technological advancement in the current industrial automation procedures. SCADA systems are gaining traction across the globe owing to their ability to let users envision plant production activities. This, in turn, assists companies in improved decision-making on the basis of dependable data. SCADA systems are being increasingly adopted in Industry 4.0 in order to monitor and manage different plant industrial procedures.
The demand for SCADA systems is increasing in the recent years owing to their advantages such as an ability to allow operators visualize, monitor, control, and study varied industrial processes in real-time. These tools help in tracking system data, and can be utilized to generate graphs and reports that let industrial process operators see all activities in real time. Moreover, SCADA systems can connect directly with controllers in field in real time with the help of PLC and RPU. Due to these advantages, the adoption of these systems in being increasing around the world, which in turn, is helping in the expansion of the SCADA market share globally.

Get COVID-19 Impact Analysis at - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=12179

SCADA Market: Growth Boosters

Rise in the use of Industry 4.0 across process and manufacturing industries globally is one of the key factors driving the SCADA market growth
Increasing use of SCADA systems in order to automate electrical distribution is fueling the sales growth in the market

SCADA Market: Regional Analysis

The SCADA market is expected to gain lucrative avenues in North America during the forecast period owing to factors such as rising spending of many regional governments on smart city projects
The Asia Pacific SCADA market is prognosticated to expand at promising pace in the forthcoming years owing to presence of many key players in the region. Moreover, the market is anticipated to observe sizable business opportunities in Asia Pacific due to rising automation as the demand for high-quality products is increasing in the region.

Request Sample Report at- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=12179

SCADA Market: Competition Landscape

Leading players are executing merger and acquisition activities in order to stay ahead of the competition
SCADA manufacturers across the globe are focusing on the development of next-gen products in order to attract new customer base

SCADA Market: Key Players

Some of the key players profiled in the report are:

Eaton Corporation plc
ABB Ltd.
General Electric Company
Emerson Electric Co.,
Honeywell International, Inc.
Hitachi Ltd.
OMRON Corporation
Mitsubishi Electric Corporation
Rockwell Automation, Inc.
Pilz GmbH & Co. KG
Siemens AG,
Schneider Electric SE
Valmet
Survalent Technology Corporation

Make an Enquiry before Buying- https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=12179

SCADA Market Segmentation

Component

Hardware
Software
Services

Deployment

On-premise
Cloud

End-user

Oil & Gas
Chemicals & Materials
Pharmaceuticals & Biotech
Water & Wastewater
Food & Beverage
Semiconductors & Electronics
Manufacturing
Automotive
Machines & Tools
Others

Regions Covered

North America
Europe
Asia Pacific
Middle East & Africa
South America

Browse Latest IT & Telecom Industry Research Reports by TMR

Industry 4.0 Market- The global Industry 4.0 market is expected to reach US$ 1 Trn by 2031, expanding at a CAGR of 26.7%

Industrial Automation Market- Industrial automation market is projected to occur at a handsome CAGR of 7.56% during the forecast period from 2019 to 2027

Industrial Internet of Things (IIoT) Market- Industrial Internet of Things (IIoT) Market is expected to cross the value of US$ 2.1 Trn by the end of 2031

Industrial Control Systems Security Solutions Market- Industrial control systems security solutions market is anticipated to cross value of US$ 54.8 Bn by 2030

Industrial Wireless Sensor Networks Market- Industrial Wireless Sensor Networks Market is expected to reach US$ 5,383.8 Mn by 2026

Industrial Cyber Security Solutions and Services Market- Industrial Cyber Security Solutions and Services Market is forecast to reach US$ 29.97 Bn by 2026

Industrial PC Market- Global Industrial PC Market to be Worth USD 8,784.2 Million by 2025 and is growing at a CAGR of 10.7% between 2017 and 2025

Internet of Things Market- Internet of Things Market is expected to reach US$ 2,746.32 Bn by 2027

About Transparency Market Research

Transparency Market Research is a global market research firm that offers the most recent market research reports and business consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit our YouTube channel - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact Us:

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: [email protected]