Supervisory Control and Data Acquisition (SCADA) system aims to control and monitor field devices at the remote sites. SCADA systems are very crucial as they help in maintaining the efficiency by collecting and processing real time data. With real time data, businesses, governments, and individuals are able to make data driven decisions regarding improving their processes. SCADA system find applications in industries such as energy & power, oil & gas, food & beverages, transportation, manufacturing and many more. SCADA system market is expected to witness a significant growth in many industries in upcoming years.
MARKET SCOPE
The "Global SCADA System Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the SCADA system market with detailed market segmentation by component, SCADA architecture, industry and geography. The report provides key statistics on the market status of the leading SCADA system market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the global SCADA system market is segmented into human-machine interface, programmable logic controller, remote terminal unit and communication systems.
- On the basis of SCADA architecture, the market is segmented into hardware and software.
- Based on industry, the market is bifurcated into chemicals, transportation, food & beverage, oil and gas, marine, power generation, manufacturing and others.
MARKET DYNAMICS
Drivers:
- Growing significance of real time data for performing predictive maintenance and process analysis.
- Rising demand of industrial robots.
- Technological advancement is likely to support the growth of SCADA system market.
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 market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The SCADA system 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 the 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 America after evaluating political, economic, social and technological factors affecting the SCADA system market in these regions.
IMPACT OF COVID-19 ON SCADA SYSTEM MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Many companies have halted their process and while some are working with less capacity. This all have got severe impacts on the SCADA system market all over the world. Since the demand has gone down considerably, it can be observed that very less new SCADA systems are being deployed.
MARKET PLAYERS
The report covers key developments in the SCADA system 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 way for the expansion of business and customer base of market players. The market payers from SCADA system market are anticipated to lucrative growth opportunities in the future with the rising demand for SCADA system in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the SCADA system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ANDRITZ AG
- ABB Ltd.
- Fuji Electric Co., Ltd.
- General Electric Company
- Hitachi, Ltd.
- Honeywell International Inc.
- Mitsubishi Electric Corporation
- Siemens AG
- Schneider Electric SE
- Toshiba Infrastructure Systems and Solutions 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.