Global SCADA Market in Power Industry 2015-2019
SCADA is an automation system that helps to acquire data from remote devices such as transmitters, pumps, and valves installed in the field and provides control remotely from SCADA host software platforms. It helps to turn the devices on and off according to the required process. It also has the functionality of graphic displays, trending, alarming, and historical storage of data. SCADA systems are adopted in the oil and gas, power, water and waste water treatment, automotive, shipbuilding, machinery manufacturing, and consumer durables industries.
Technavio's analysts forecast the global SCADA market in power industry to grow at a CAGR of 6.45% over the period 2015-2019.
Covered in this report
In this report, Technavio covers the present scenario and the growth prospects of the global SCADA market in the power industry for the period 2015-2019. We have considered the revenue generated from the following:
Technavio Announces the Publication of its Research Report – Global SCADA Market in the Power Industry 2015-2019
Technavio recognizes the following companies as the key players in the Global SCADA Market in the Power Industry: ABB, Emerson Electric, Schneider Electric and Siemens
The other prominent vendors are: Alstom, GE, Mitsubishi, Rockwell Automation and Yokogawa
Commenting on the report, an analyst from Technavio’s team said: “The extensive use of cloud as a controller of SCADA is a major emerging trend in the SCADA market globally. In general, SCADA systems are designated and installed at particular plant facilities to control and monitor sensors and transmitters that are installed around the facility. They are regulated by the controllers and HMI screens. As the cloud computing technology has evolved over the years, most of the organizations are moving their databases to the cloud to achieve easy data access and speed up the decision-making processes.”
According to the report, traditional SCADA systems that are generally regulated in a control room are evolving with advances in technology and use of concepts such as Internet of things. The operators working in a control room sometimes require to perform physical inspection of a particular process. They not only inspect a given process in the plant several times, but also frequent the control room to execute it through SCADA, which may prove to be a highly cumbersome exercise.
Further, the report states that the vulnerability of SCADA systems to cyber-attacks is a major concern for power companies worldwide.
ABB, Emerson Electric, Schneider Electric, Siemens, Alstom, GE, Mitsubishi, Rockwell Automation, Yokogawa