The Global Market for Supervisory Control and Data Acquisition (SCADA) is Projected to Reach US$24.7 Billion by 2020

Emergence of Automation & Optimization as Key Themes of Modern Industrialism Drives the Supervisory Control and Data Acquisition Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Supervisory Control and Data Acquisition (SCADA) market. The global market for Supervisory Control and Data Acquisition (SCADA) is projected to reach US$24.7 billion by 2020, driven by the emergence of automation and optimization as key themes of modern industrialism.

Industries over the last half a century have been implementing automation as the next logical step forward from mechanization. While mechanization empowered human labor with electromechanical power, automation is geared towards reducing human sensory and perceptive intervention for enabling completely autonomous functioning of industrial processes. Continuous advancements in software, hardware (smart sensors) and developments in complex machine algorithms and machine learning based systems are playing instrumental roles in automating tasks which require complex synthesis of sensory data, and which until now required human skill and supervision. The growing emphasis on operational innovation is benefiting SCADA systems which are designed to autonomously gather, process and monitor data, record events and transmit the same to a centralized control center. SCADA helps increase asset utilization rates, reduce the cost of inventory maintenance on production floors, optimize working capital needs, reduce manufacturing footprint measured in terms of machine usage, less scrap and energy consumption, thus boosting the corporate bottom line.

Also driving growth of SCADA systems is the growing complexity of modern industrial processes. Dealing with complexity is the new reality for modern businesses and industrial plants in virtually every sector. In the manufacturing sector, for instance, the closely interrelated relationships between product design, inventory, production equipment and support system create a complex process environment. Manufacturing plants need suitable tools and mechanisms to capture the multiple dimensions of knowledge present in the complex production model. SCADA, against this backdrop, helps control and monitor several complex processes, operations, and systems in industrial plants, and infrastructure in manufacturing plants. SCADA systems play a vital role in creating a “know-why” level of awareness among plant floor managers, allowing them to leverage and integrate available technical knowledge. Since, complex processes require focus on “process-wide” management away from traditional “local” process control, SCADA systems provide a platform for sharing, coordinating, and managing information across the entire production process.

As stated by the new market research report on Supervisory Control and Data Acquisition (SCADA), Europe represents the largest market worldwide, led by the renewed focus on the adoption of automation technologies as tools to revive the domestic manufacturing sector. Asia-Pacific ranks as the fastest growing market with a CAGR of 6.1% over the analysis period. The growth in developing regions is led by the move towards industrial automation in countries including India, China, Taiwan, South Korea, Turkey, South Africa, Brazil, and Mexico. The rise of these countries as key global manufacturing hubs and the ensuing need to stay competitive in the global production front is spurring investments in automation technologies like SCADA.

Major players covered in the market include ABB Ltd., Alstom, Emerson Electric Co., GENERAL ELECTRIC, Hitachi, Ltd., Honeywell International, IBM Corporation, ICONICS, Inc., Inductive Automation, JFE Engineering Corporation, Mitsubishi Electric Corporation, Omron Corp., Rockwell Automation, Inc., PetroCloud, Primex, Scadata, Inc., Schneider Electric, Siemens AG, Tesco Controls Inc., Toshiba Corp., Xio, and Yokogawa Electric Corporation, among others.

The research report titled “Supervisory Control and Data Acquisition (SCADA),: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies.  The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Middle East & Africa and Latin America. The global market is further analyzed by the following segments – Solutions and Services.

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