Zion Market Research, the market research group announced the analysis report titled ‘Supervisory Control and Data Acquisition (SCADA) Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2015–2021’
The study concludes that the global Supervisory Control and Data Acquisition (SCADA) Market is expected to grow at a CAGR of 7.40% between 2016 and 2021. The market revenue of $7.5 billion in 2014 , is expected to reach $11.0 billion in 2021. The main drivers for the growth of the market increase in numbers of women working outside the home.
A system used for remote monitoring and control, which operates with coded signals over communication channels, is called as supervisory control and data acquisition (SCADA). SCADA uses typically one communication channel per remote station.
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To receive the information about the status of remote equipment for the purpose of display or for recording functions, the control system is used with the combination of a data acquisition system along with coded signals over communication channels. SCADA is also known as a type of industrial control system (ICS). ICSs are computer-based systems monitoring and controlling industrial processes that exist globally. SCADA systems are large-scale processes including multiple sites and large distances; this distinguishes them from other ICSs. These processes include industrial, infrastructure, and facility-based processes.
A SCADA system generally consists of the several subsystems such as remote terminal units (RTUs), programmable logic controller (PLCs), telemetry system, data acquisition server, human–machine interface (HMI), a historian, supervisory system, communication infrastructure, and various processes and analytical instrumentation. SCADA systems usually are centralized systems that monitor and control entire sites.
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The increasing requirement for operation efficiency, rising production, high uptime, improved quality, and ease of monitoring and controlling the industrial process are factors that are attributed to the growth of the global supervisory control and data acquisition (SCADA) market growth. Moreover, increasing advancements in the smart grid technology are providing ample opportunities for SCADA systems in the market. Driving factors that favor the adoption of smart grid technology are improved reliability, sustainability, and efficiency of the existing power systems. They are widely used in automation technologies that actively monitor transmission and distribution grids.
On the basis of architecture, the market is segmented as hardware, software, and services. Based on the components, the market is segmented as programmable logic controller, remote terminal units, and SCADA communication system. On the basis of applications, the global market is segmented as oil & gas, electrical power, water & wastewater application, transportation and manufacturing applications.
The programmable logic controllers (PLCs) segment is anticipated to witness a noticeable growth over the forecast period owing to the technological advancements. Factors such as the surge in the technology and pricing innovation in the PLC industry and developments including miniaturization, low cost, and improved power have led to an increased adoption of PLC systems. This in turn is anticipated to drive the industry over the forecast period. In addition, the communication channel segment is expected to witness an extensive growth.
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Major players dominating the market are B-Scada, Inc., ABB Ltd., General Electric Company, Cisco Systems, Inc., Larsen & Toubro Limited, Crompton Greaves Ltd., Eaton Corporation Plc., Trilliant Holdings, Inc., Siemens AG, Schneider Electric SE, and Venson Electric Pvt. Ltd. B-Scada, Inc. has announced the release of the latest version of its popular SCADA application, Status Enterprise v5.0., which includes various new features and enhancements.