SCADA Market Worth 13.43 Billion USD by 2022
PUNE, India, April 20, 2017 /PRNewswire/ --
According to the new market research report "SCADA Market by Component (Programmable Logic Controller, Remote Terminal Unit, Human Machine Interface, Communication Systems), Architecture (Hardware, Software, Services), Application, and Geography - Global Forecast to 2022", published by MarketsandMarkets™, the market is expected to be valued at USD 13.43 Billion by 2022, growing at a CAGR of 6.6% between 2017 and 2022.
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Browse 69 market data Tables and 117 Figures spread through 201 Pages and in-depth TOC on "SCADA Market"
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Factors that are driving the growth of the market include increased demand for industrial mobility for remotely managing the process industry, increasing adoption of cloud computing in SCADA system, increasing infrastructure development in terms of smart cities and transportation and rising adoption of Industry 4.0 using SCADA system.
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"SCADA market for communication systems expected to grow at the highest rate between 2017 and 2022"
The communication system in SCADA system is a core component for monitoring the process control. The SCADA system cannot exist without a thoroughly designed communication network system. The Remote Terminal Unit (RTU) and Programmable Logic Controller (PLC) are connected to the SCADA system through the communication system. Owing to the applications of wireless communication system in large distribution networks, it is expected to continue to gain a large market share in the SCADA communications market.
"Market for software expected to grow at the highest rate during the forecast period"
SCADA software architecture consists of servers, software programs, and human-machine interface (HMI). SCADA servers are used for real-time database (RTDB) and are responsible for data collection and handling such as polling controllers, alarm checking, calculations of the process time and backup, logging and archiving, and exchange of information between processing system to computers which works 24*7, and also help in providing high level of cyber security.
"Oil and gas application expected to hold the largest share of the SCADA market"
The oil and gas application is expected to hold the largest share of the overall SCADA market. In the oil and gas application, SCADA systems are used to monitor and control the processing of oil from oil wellspring, through a network of pipelines to the refinery plants and further to end user locations. SCADA system provides a powerful and proactive method of diagnosing and detecting problems along with real-time data to make on-point decisions, helping to optimize profits.
"Americas expected to hold the second-largest share of the SCADA market during the forecast period"
The rising demand for SCADA in industrial, automotive, power, oil and gas, pharmaceutical, and healthcare sectors to improve performance efficiency and reduction in overall operational cost is expected to drive the growth of the SCADA market in North America. The growth of the South American market is primarily driven by the economic developments, increasing foreign investment, and growing manufacturing industry in Brazil. The various exhibitions held in North America further boost the market in this region. For example, an international trade fair is likely to be held in 2018 for process, production, and industrial building automation, which directly involves SCADA products.
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The major players involved in the SCADA market are ABB (Switzerland), Alstom (France), Emerson Electric Co. (US), General Electric Co. (US), Honeywell International Inc. (US), Iconics Inc. (US), Omron Corporation (Japan), Rockwell Automation Inc. (US) Schneider Electric SE (France), Siemens AG (Germany), and Yokogawa Electric Corporation (Japan).
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