Information Technology
Power SCADA Market Worth $2.5 Billion by 2026 - Exclusive Report by MarketsandMarkets™
The hardware segment, by architecture, is projected to hold the highest market share during the forecast period. The hardware segment of power SCADA is an integrated system comprising different kinds of mechanical and electronic devices attached to different networking platforms. It includes all types of analog, digital, or hybrid devices used for real-time data controlling and manipulation. Various I/O devices, sensors, and PLCs combine to form a complete hardware system used as a compact controller for a power SCADA system. The hardware of power SCADA consists of many RTUs collecting field data and sending that data back to a master station via a communication system. The master station displays the acquired data and allows the operator to perform remote control tasks and take a supervisory decision by using HMI.
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The oil and gas industry, by end-user industry, is projected to hold the highest market share during the forecast period. Oil and gas manufacturers use power SCADA systems to monitor and control the processing of oil from oil wellsprings through a network of pipelines to refinery plants and end users. Power SCADA systems provide a powerful and proactive method of diagnosing problems, along with real-time data, to make on-spot decisions to optimize profits. Using power SCADA systems, oil and gas operators can easily monitor and collect data from remote areas to maximize facility control, optimize oil well production, increase accuracy, improve security and environmental safeguards, reduce energy consumption, and ensure compliance with policies and procedures at workplaces.
In this report, the Power SCADA Market has been analyzed with respect to 5 regions, namely, Asia Pacific , North America , Europe , South America , and the Middle East & Africa . Asia Pacific is expected to lead the Power SCADA Market, by region, during the forecast period. Asia Pacific consists of developing countries such as India and China . The growing manufacturing sectors in these countries is expected to be the main driver. Also, the growth of the oil & gas and pharmaceutical sectors in China , India , Australia and South Korea has played a significant role in the growth of the Power SCADA Market in Asia Pacific . Nearly all the countries in the region are augmenting their oil & production capacity. China and India are investing heavily in their offshore projects. This has led to a rise in deploying power SCADA systems in the substations in the oil & gas sector which is expected to drive the growth of the Asia Pacific Power SCADA Market.
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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the
The key players include ABB ( Switzerland ), Siemens ( Germany ), Schneider Electric ( France ), Emerson Electric (US), and Rockwell Automation (US). The leading players are adopting various strategies to increase their share in the Power SCADA Market.
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Energy and Power Market Research Reports & Consulting
by Architecture (Hardware, Software, and Services), Component (Master Terminal unit, Remote Terminal unit, Human Machine Interface), Application (Generation, Transmission, and Distribution), and Region - Global Forecast to 2022
https://www.marketsandmarkets.com/Market-Reports/electrical-scada-market-250093732.html
by System Architecture (Hardware Components, Software Solutions (Cloud Based & Others), and Services), Value Stream (Upstream, Midstream, and Downstream), and by Region - Trends and Global Forecast to 2022
https://www.marketsandmarkets.com/Market-Reports/oil-gas-scada-market-4710202.html
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