This market research report provides a comprehensive analysis of the global SCADA market in process industries by application (services and solutions), by end users (oil and gas, power, water and wastewater, pharmaceuticals, chemical, and others). It outlines the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are ABB, Emerson Electric, Schneider Electric, and Siemens.
Technavio has released a new market research report on the global SCADA market in process industries, which is expected to grow at a CAGR of 5% by 2020. SCADA systems are widely used in power plants, electricity grids, and distribution sub-stations. Oil and gas industry has emerged as the major adopter of supervisory control and data acquisition (SCADA), owing to rising focus to increase productivity through accurate and real-time data. EMEA is the major revenue-contributing region in the SCADA market, due to huge investments in the oil and gas sector.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The growing popularity of SCADA as a service is the latest trend gaining traction. SCADA providers and end-users can significantly reduce costs, achieve greater flexibility, and enhance functionality by shifting to the cloud-based environment. This research report predicts cloud-based SCADA solutions to reduce end-users’ costs up to 80% compared to traditional SCADA systems in the process industry during the forecast period,” says Bharath Kanniappan, Lead Analyst, Industrial Automation, Technavio Research
The oil and gas segment accounts for more than 24% of the overall market share. As plants in the oil and gas industry cover a vast area, SCADA system monitors and controls remote units by integrating outstations with the control system of the entire plant. It visualizes and operates processes, production flows, and machines in oil and gas plants. Numerous oil and gas companies are integrating SCADA solutions with their enterprise resource planning (ERP) and manufacturing execution system (MES) frameworks, which require continuous maintenance and support from the automation vendors. This will give more opportunities for vendors to enhance their revenue.
The leading vendors in the global SCADA market in process industries are ABB, Emerson Electric, Schneider Electric, and Siemens. The market is associated with end-user experiences, expenses, and response time. The end-users rely on their experiences from past purchases, to continue future relationships with the vendors. The established international automation vendors dominate the local and regional vendors in terms of quality, durability, reliability, and technological innovations. These vendors are also making heavy investments in R&D and M&A to upgrade their automation technology and are offering a broad range of SCADA services. However, several new vendors are entering the market and offering automation services at competitive prices, forcing major suppliers to adopt the low-price strategy.
A more detailed analysis is available in the Technavio report, Global SCADA Market in Process Industries 2016-2020.
We can customize reports by other regions and specific segments upon request.
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