SCADA Market – Global Forecasts and Opportunity Assessment by Technavio

LONDON–(BUSINESS WIRE)–#Automation–According to the latest market study released by Technavio,
the global
SCADA market is expected to grow at a CAGR of close to 7% during the
forecast period.

This research report titled ‘Global
SCADA Market 2017-2021’ provides an in-depth analysis of the market
in terms of revenue and emerging market trends. This market research
report also includes up to date analysis and forecasts for various
market segments and all geographical regions.

The global SCADA market is growing at a relatively higher rate owing to
the growth in economies such as India, China, Taiwan, South Korea,
Turkey, South Africa, Brazil, and Mexico. As the scope for growth in
established manufacturing hubs in these economies is higher, the demand
for automation across industries in these countries is also growing
rapidly, resulting in the demand for SCADA systems.

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Technavio’s analysts categorize the global SCADA market into eight major
segments by end user. They are:

• Oil and gas
• Power industry
• Water and waste water treatment
• Chemicals and petrochemicals
• Pharmaceutical
• Automotive
• Electrical and electronics industry
• Others

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The top three segments based on end-user for the global SCADA market are
discussed below:

Global SCADA market in the oil and gas industry

The oil and gas industry is a major source of income in EMEA, and the
market for SCADA is expected to grow at a faster rate because of the
increasing complexities of production and distribution. The oil and gas
industry contributed a major share of close to 26% to the global SCADA
market in terms of revenue in 2016. It is expected that there will be a
huge investment of more than USD 360 billion during the forecast period
to streamline processes in oil and gas industry.

According to Raghav Bharadwaj Shivaswamy, a lead automation
research analyst from Technavio, “These systems play a crucial role
in the communication between remotely located units. The emergence of
open architecture and control architecture, which is moving from a
centralized to distributed model, is the major trend propelling the
growth of this market. Offshore explorations in the US, China, India,
Kuwait, and Saudi Arabia are driving the demand for the market in the
Americas and APAC.”

Global SCADA market in the power industry

The power industry is the second major contributor to the global SCADA
market, occupied a share of almost 15% in 2016. The US is a major
contributor in terms of revenue with respect to another geographical
region. SCADA system is used in power plants for transmission and
distribution systems to collect, store, and analyze the data from both
national and regional networks.

“The smart grid technology in the power industry is a major trend,
which is widening the scope of implementation of SCADA in countries such
as India and Brazil to meet their high demand. The existence of a gap
between demand and supply in these countries is forcing the industry to
optimize the process,” says Raghav.

Global SCADA market in the water and wastewater treatment industry

The water and wastewater treatment industry is the third major
contributor to the global SCADA market. It is one of the emerging
markets because of the demand it has generated in APAC, which is a
direct effect of the increase in pollution in this region. The function
of SCADA system is to regulate the water distribution system, lift
stations and pumps, and water treatment plants by providing overall data
and facilitating the overall system visibility.

SCADA is being used for upgradation of existing plants in the water and
wastewater treatment industry in developed countries such as the US.
Most of the governments in developed nations are replacing their old
water infrastructure, thereby, boosting the market growth for SCADA
systems.

The top vendors highlighted by Technavio’s research analysts in this
report are:

• ABB
• Emerson Electric
• Honeywell International
• Schneider Electric
• Siemens

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