Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market “SCADA market– which is forecasted from 2020 to 2027”.
As per the report, the market in SCADA Market is expected to grow at a steady pace.
With rising energy demand, oil and gas firms are projected to require modern software solutions to reach output requirements. The United States Energy Information Administration (EIA) recorded total crude oil output of 365.78 million barrels per day in July 2022. The adoption of SCADA will be fueled by the demand for high productivity and data collecting across remote locations in upstream applications. Furthermore, the advent of IoT and Industry 4.0 is expected to boost market growth over the forecast period. Additionally, multiple strategic initiatives by public and private enterprises in the global SCADA market are expected to fuel market expansion throughout the estimated period.
Based on the component, the market of SCADA is segmented into remote terminal units (RTUs), programmable logic controllers (PLC), and SCADA Communication Systems. Programmable logic controller (PLC) devices are widely utilized in a variety of manufacturing processes, including cement and paper production.
Based on the end-user, the market of SCADA is segmented into energy and power, oil and gas, travel and transport, communication and technology, manufacturing, healthcare, and others. The high demand for oil and gas will increase the demand for SCADA systems to automate and control production operations.
Based on the architecture, the market of SCADA is segmented into software, hardware, and services. The software segment is anticipated to hold a significant amount of market share. On the other hand, the hardware segment, on the other hand, is expected to be the most opportunistic throughout the projected period. Data collection, data transport, data processing, information presentation, and control actions are all functions of supervisory control and data acquisition (SCADA) gear.
Based on geographical segmentation, the market for SCADA is segmented nose North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. The Asia Pacific region is expected to drive growth for the market due to the prevailing rise in production and technological developments.
As a part of the report, the major players operating in the SCADA Market, that have been covered are Honeywell International, Emerson Electric Co., ABB Ltd., Yokogawa Electric Co., Schneider Electric, Seimens AG, General Electric, Rockwell Automation, Mitsubishi Electric Corporation, and Hitachi Ltd.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/scada-market
This analytics report segments the SCADA Market on the following basis:
- By Component
- Remote Terminal Units (RTUs)
- Programmable Logic Controller (PLC)
- SCADA Communication System
- By End-User Industry
- Energy and Power
- Oil and Gas
- Travel and Transport
- Communication and Technology
- By Architecture
- By Geography
- North America
- South America
- The Middle East and Africa
- Asia Pacific
- South Korea
- North America