SCADA Market Analysis, Size, Share, Growth, Trends And Forecast 2018-2022

1. SCADA Market Analysis, Size, Share, Growth, Trends And Forecast 2018-2022 “The high demand for application-specific modifications leads to increased number of services recommendations, regulatory compliance services, re-commissioning or restart assistance, and legacy system support and migration.” such as SCADA system The SCADA Market is expected to be worth USD 13.43 billion by 2022, growing at a CAGR of 6.6% between 2017 and 2022. The growth of this market is propelled by the 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. Remote terminal unit (RTU) is expected to hold the largest share of the overall SCADA market in 2017. RTU is a field device that needs to be installed at the operation site, and the number of these sites in case of sectors such as oil and gas, power, and water and wastewater is very large. Thus, the market size of RTU is also large compared to the other components. Deep sea exploration and extraction along with shale gas further drives the demand for the implementation of RTU. The market for communication systems is expected to grow at the highest rate between 2017 and 2022. The entire flow of data between the supervisory controls, data acquisition units, and controllers linked to the SCADA system relies on the communication system to exercise supervisory control and carry out data acquisitions. Services held the largest share of the SCADA market. The high demand for application-specific modifications leads to increased number of services such as SCADA system recommendations, regulatory compliance services, re-commissioning or restart assistance, and legacy system support and migration. The market for software is expected to grow at the highest rate during the forecast period. The SCADA system comprises a software program to produce analytical data, trending data, and execute information such as providing logistic information, scheduled maintenance procedure, and detailed representation for a particular machine. With the help of detailed representation of the machine in the plant, the operator controls the operation. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=19487518

2. The oil and gas application is expected to dominate the market during the forecast period. SCADA system is widely used across the upstream, midstream, and downstream sectors of the oil and gas industry. The use of SCADA systems in these processes delivers enhanced safety, reliability, and profitability for oil and gas operations. The market for the water and wastewater application is expected to grow at the highest rate. SCADA system is helpful for reducing costs in the long run along with ensuring reliable system operations through support services that predict, prevent, and react to operational issues and reduce the possibility of a downtime. “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. Request Sample Copy of this Market Research @ https://www.marketsandmarkets.com/requestCustomization.asp?id=19487518 “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

3. 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. 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). About MarketsandMarkets MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 stomers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Contact: Mr. Shelly Singh MarketsandMarkets INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 Email:sales@marketsandmarkets.com