MARKET INTRODUCTION
SCADA (Supervisory Control and Data Acquisition) refers to an industrial computer system that monitors and controls a particular process. Electrical SCADA monitors electrical assets, substations, and transformers in T&D elements of electrical utilities. The robust adoption of renewable energy sources and the rise in power generation capacities across the globe has contributed to the growth of the electrical SCADA market in recent years. North America is likely to experience high demand for electrical SCADA during the forecast period with the rapid adoption of SCADA software and the strong presence of system suppliers in the region.
MARKET DYNAMICS
The electrical SCADA market is anticipated to grow in the forecast period owing to driving factors such as robust investments in electrical networks and the advent of the fourth industrial revolution. Also, government initiatives supporting industry 4.0, are further likely to fuel market growth. However, high initial costs may impede the growth of the electrical SCADA market during the forecast period. On the other hand, smart city projects in developing countries such as India and China create lucrative growth opportunities for the players operating in the electrical SCADA market during the forecast period.
MARKET SCOPE
The "Global Electrical SCADA Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of electrical SCADA market with detailed market segmentation by component, application, and geography. The global electrical SCADA market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electrical SCADA market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global electrical SCADA market is segmented on the basis of component and application. Based on component, the market is segmented as solution and services. On the basis of the application, the market is segmented as transmission, distribution, and generation.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global electrical SCADA market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The electrical SCADA market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting electrical SCADA market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the electrical SCADA market in these regions.
MARKET PLAYERS
The reports cover key developments in the electrical SCADA market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from electrical SCADA market are anticipated to lucrative growth opportunities in the future with the rising demand for electrical SCADA in the global market. Below mentioned is the list of few companies engaged in the electrical SCADA market.
The report also includes the profiles of key electrical SCADA companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- ABB Ltd.
- Emerson Electric Co.
- Honeywell International Inc.
- Larsen & Toubro Limited
- Mitsubishi Electric Corporation
- Open Systems International, Inc.
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
- Yokogawa Electric Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.