Recent Developments in SCADA Industry
#1 Emerson Electric acquired Progea Group (Italy), one of the key providers of plant analytics, IIoT, HMI, and SCADA technologies. The acquisition enables the addition of Progea’s analytics, industrial visualization, and IIoT capabilities to enhance Emerson’s embedded software and control portfolio.
#2 Schneider Electric developed the next-gen EcoStruxure Power, an IoT-enabled platform that digitizes, optimizes, and simplifies electrical distribution systems to make them safer, smarter, and faster.
According to the new market research report "SCADA Market with COVID-19 Impact by offering (Hardware, Software, Services), Component (Programmable Logic Controller, Remote Terminal Unit, Human‒Machine Interface, Communication System), End User, and Region - Global Forecast to 2026", the global SCADA market size was valued at USD 9.2 billion in 2021 and is projected to reach USD 13.2 billion by 2026; it is expected to grow at a CAGR of 7.6% from 2021 to 2026.• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=19487518
Browse 158 market data Tables and 87 Figures spread through 230 Pages and in-depth TOC on "SCADA Market with COVID-19 Impact by End User, and Region - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/scada-market-19487518.html
Major Growth Boosting Factors:
Services offering accounted for the largest size of the SCADA market in 2020.
The services segment accounted for the largest share of the SCADA market in 2020. Many of the industries in the Americas and Europe have already implemented SCADA systems. Thus, there are fewer opportunities in terms of the implementation of new SCADA systems. However, in terms of modification of SCADA systems, there are huge opportunities. After the installation of SCADA systems, organizations need proper modification and maintenance throughout the life of SCADA systems. Service offerings, especially cybersecurity, are considered while customizing or modifying SCADA systems.
Process industry is expected to hold the largest size of the SCADA market in 2021.
Process industry is expected to account for the largest share of the SCADA market during 2021–2026. The rate of adoption of SCADA systems is high in process industries, owing to the rising pressure on manufacturers to optimize the cost and production processes. Increasing demand for real-time visibility of complex operations in industries such as oil & gas, chemicals, pharmaceuticals, metals and mining, and food & beverages is expected to drive the demand for SCADA systems in the process industry.
Top Key Players in SCADA Market:
- Schneider Electric,
- Emerson Electric,
- Rockwell Automation,
- ABB, Siemens,
- Honewell International,
- Mitsubishi Electric
APAC projected to grow at the highest CAGR of SCADA market from 2021 to 2026.
APAC is projected to hold the largest share of the SCADA market during the forecast period. APAC is the production hub for automation technologies due to the presence of major companies such as Yokogawa Electric, Mitsubishi Electric, and OMRON. Renewable energy, smart grids, water & wastewater, and transportation sectors are expected to drive the growth of the SCADA market in APAC. Automation is increasing in APAC because of the rising necessity for high-quality products, along with increased production rates.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently, servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
No comments:
Post a Comment