About Electrical SCADA
Electrical Supervisory Control and Data Acquisition (SCADA) refers to an industrial computer system that monitors and process real-time data and controls industrial processes locally or from a remote location. It allows the user to directly interact with devices like valves, pumps, sensor and motor through human-machine interface (HMI) software system and records each event into log file accordingly. In addition, the SCADA helps the company to take a vital decision and maintain the efficiency in the organization. The global electrical SCADA market is expected to witness high growth in the coming years owing to government initiatives toward the adoption of Industrial automation and rising investment in the electric network.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.48% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Electrical SCADA market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB (Switzerland), Siemens (Germany), Schneider (France), Emerson (United States), Rockwell (United States), Honeywell (United States), Advanced Control Systems (United States), Open Systems International (United States), Mitsubishi Electric (Japan) and Bentek Systems (Canada) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Yokogawa Electric Corporation (Japan) and Larsen and Toubro (India).
Segmentation Overview
AMA Research has segmented the market of Global Electrical SCADA market by , Application (Generation, Transmission and Distribution) and Region.
On the basis of geography, the market of Electrical SCADA has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Architecture, the sub-segment i.e. Hardware will boost the Electrical SCADA market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry , the sub-segment i.e. Food & Beverages will boost the Electrical SCADA market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Master Terminal Unit (MTU) will boost the Electrical SCADA market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Development and Innovation in Electrical SCADA and Increase in Demand for Smartphones and IoT has Eased the Deployment of Electrical SCADA Systems
Market Growth Drivers:
Increasing Adoption of Industry 4.0, Government Initiatives Toward the Adoption of Industrial Automation and Rise in Investment in Electric Network
Challenges:
Increased Cyber Security Risk
Restraints:
High Cost Required in Investment for Setting Up of SCADA System
Opportunities:
Increasing Smart City Project in Developing Region and Large-scale Developments in The Electrical SCADA Systems
Market Leaders and their expansionary development strategies
In December 2022, Hexagon’s Asset Lifecycle Intelligence division announced a partnership with Scada Systems, Ltd., a global leader of industrial solutions for power generation and transmission as well as other markets. Hexagon’s partnership with Scada Systems reinforces our mission to deliver a complete design and engineering solution for projects with electrical and instrumentation needs
In July 2020, Schneider Electric, the global specialist in energy management and automation, has launched the latest version of its award-winning EcoStruxureTM software—Power SCADA Operation 2020. More than a SCADA system for power networks, the latest version is designed to work as an open platform, with high-speed control capabilities and the latest cybersecurity enhancements.
Key Target Audience
Electrical SCADA Manufacturers And Suppliers, Electrical Power Research Institutes, Electrical SCADA System Providers, Technology Providers, Institutional Researchers And Professors, Research Organizations And Consulting Companies, Government And Research Organizations and National And Local Government Organizations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.