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SCADA Market – Key Revenue
The supervisory control and data acquisition (SCADA) systems play an important role in automation. They provide information to a series of industrial applications so as to attain maximum efficiency in their production process. The SCADA market is mainly driven by process industries such as oil and gas, power (transmission and distribution), and water and wastewater management. Huge opportunity is expected from the development of shale gas exploration and extraction, especially for the U.S. region. Fracking technology used for the extraction of shale gas requires an abundant amount of water and chemicals; this will lead to a huge requirement for wastewater treatment. Implementation of SCADA systems becomes important so as to control and monitor the complex extraction process of shale gas. SCADA systems for other industries are also expected to grow mainly due to the fact that they will increase the efficiency along with the reduction in the overall cost.
Factors such as increasing need of real-time surveillance, virtual monitoring, and the emergence of mobile technology are expected to help in the growth of SCADA market during the forecasted years. The cloud-based SCADA software solution is another technology which is being provided by various companies. This will enable users to view the real-time processed and historical data which is uploaded to the cloud and can be accessed by devices such as smart-phones, tablets, and computers. Players have started adopting cloud-based SCADA platforms which are expected to significantly reduce problems related to IT infrastructure, costs, reliability, and system functionality. Recently, ABB partnered with the Globalogix to provide a cloud-based SCADA infrastructure to their customers in the oil and gas sector.
Major players operating in this market generally provide the entire package of SCADA solutions to their clients, which include the provision of hardware, software, and services. Players such as ABB Ltd. (Switzerland), Rockwell Automation (U.S.), and Siemens AG (Germany) are considered as the leaders in the SCADA market. However, other smaller players also provide increasing competition to the major and established players in the SCADA market using their innovative products and service offerings.
SCADA Market by Components (PLC, RTU, HMI, Communication Systems), Architecture (Hardware, Software, Services), Application (Oil & Gas, Power, Water & Wastewater, Transport, Manufacturing, Chemicals), and Geography - Analysis & Forecast to 2013 - 2020
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