SOURCE Research and Markets
DUBLIN, June 13, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/gzdfr3/scada_market_by) has announced the addition of the "SCADA Market by Components, Architecture, Application, and Geography - Analysis & Forecast to 2013 - 2020" report to their offering.
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The SCADA market is expected to show a huge potential in industrial controls and automation and is forecasted to grow at a CAGR of 7.24% in the next 5-6 years of timeframe. The need for increase in operational efficiency, high uptime, improved quality along with the quantity, and ease of controlling and monitoring of the industrial process are factors that are helping to develop the market. Demand of the SCADA systems will be driven by huge potential from renewable energy sector and high investments in infrastructure for sectors such as oil and gas, power (transmission and distribution), and water and wastewater management. Cyber security threat is considered as an important restraint which is being faced frequently by the market.
The Internet of Things (IOT) and emergence of cloud-based technologies are increasing the scope for the SCADA market. The number of Internet users has increased drastically in the last decade and almost doubled in the last eight years. The advancement in wireless technology has led to the development of products such as wireless PLCs, wireless RTUs, and other field devices. The development of these products has enabled the user to control the process through multiple locations without having a physical connection between these devices. Various product ranges are going through uprising innovations for the next generation of the SCADA market.
The SCADA market is expected to grow at a CAGR of 7.24% in the next six years (2014-2020). In the report, the drivers, restraints, and opportunities for the SCADA market are also covered. The major driving factors for the SCADA market are: huge potential from renewable energy sector, high investments in infrastructure for sectors such as oil and gas, power (transmission and distribution), and water and wastewater management.
Some of the players involved in the SCADA market include ABB Ltd. (Switzerland), Rockwell Automation (U.S.), Siemens (Germany), Schneider Electric (France), Honeywell International (U.S.), Yokogawa (Japan), Emerson (U.S.), General Electric (U.S.), Alstom (France), and OMRON (Japan).
Geographically, the market is majorly covered by the Americas, APAC, and Europe. The APAC market accounts the highest market and is followed by the Americas market which is then followed by Europe. Rest of the world (ROW) covers a small market share at present; however, it is expected to show growth in the coming years due to the adaptation of automation and hence, the subsequent need of SCADA system will rise.
Key Topics Covered:
2 Executive Summary
3 Cover Story - Interview With Ahmed El Hagrasy
4 Market Overview
5 SCADA Market By Component
6 SCADA Market By Architecture
7 SCADA Market By Application
8 SCADA Market By Geography
9 Competitive Landscape
10 Company Profiles
For more information visit http://www.researchandmarkets.com/research/gzdfr3/scada_market_by
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