A new Technavio report offers SCADA market segmentation by type (software, services, and hardware) and by geography (APAC, EMEA, and the Americas). Leading vendors include ABB, Emerson Electric, Schneider Electric, and Siemens AG.
Technavio has released updated information on the SCADA market, with the publication of its new market research report, global SCADA market in the power industry.
Technavio’s market research analysts estimate the global SCADA market in the power industry to grow at a rate of close to 7% from 2014 to 2019. The APAC region dominates the market in terms market share and is expected to account for more than 43% of the total market. Major reforms to replace the aging production and power distribution systems in countries like China and India are responsible for this region’s dominance of the market. In APAC, this market is expected to grow at a rate of close to 8%, surpassing US$ 1,200 million by 2019.
“Thanks to the development of mobile-based SCADA applications, operators do not have to frequent the control room to execute and inspect a process. The rapid evolution and adoption of smartphones, tablets, and iPads has resulted in vendors offering their services through the SCADA app. Development of such apps will offer advantages like accessing SCADA through any PC instead of a server connected PC,” says Navin Rajendra, Lead Analyst, Engineering and Automation, Technavio Research.
An interesting factor that augments growth in this market is the rise in popularity of the software segment. This segment is likely to surpass US$ 1,200 million during the forecast period, and its high growth rate can be attributed to the advent of various mobile-based customized software. Additionally, the augmented demand for SCADA software that can be accessed through mobile devices is a significant trend that will bolster the demand for SCADA in the power industry.
Global SCADA software market in power industry 2014-2019 (US$ millions)
Source: Technavio, 2015
Leading vendors in this market are ABB, Emerson Electric, Schneider Electric, and Siemens AG. This report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. There are many key drivers, challenges, and opportunities that are discussed in detail.
More detailed analysis is available in the Technavio report Global SCADA Market in the Power Industry 2015-2019.
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