ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research published a report titled “Supervisory Control and Data Acquisition (SCADA) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”. The global supervisory control and data acquisition (SCADA) market, valued at US$23.20 billion in 2013, is estimated to reach US$32.70 billion by 2020, growing at a 5% CAGR from 2014 to 2020.
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The key growth driver of the global supervisory control and data acquisition (SCADA) market is increasing investment in the infrastructural development of emerging economies. Supervisory control and data acquisition (SCADA) systems are being deployed in smart grids to cut down on distribution losses in countries such as China. The Other factor driving the supervisory control and data acquisition (SCADA) systems market is growing activities in the petroleum sector that are in need of improved search and extraction methods. Using supervisory control and data acquisition (SCADA) systems in oil and gas exploration helps maximize extraction. Automation in several emerging economies for wastewater management is also expected to drive this market.
The global SCADA market is segmented on the basis of components, architecture, application, and geography. The components segment is inclusive of human machine interface (HMI), remote terminal unit (RTU), programmable logic controller (PLC), SCADA communication systems, and others. The architecture segment includes hardware, software and services. The application segment consists of chemicals, electrical power, oil and gas, food and beverages, manufacturing, transportation, pharmaceuticals, telecommunications and water and waste water management. Geographically, the SCADA market is segmented into North America, Europe, Asia Pacific and RoW.
Some of the key players in the SCADA market are Honeywell International, Inc., ABB Ltd., Rockwell Automation, Schneider Electric, Emerson Electric Co., Omron, Alstom, Siemens AG, General Electric and Yokogawa Electric Co.
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