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SCADA Market: Relentless Progress in Electric Power Verticals to Favor Optimistic Growth Outlook

Blog Description

Driven by massive adoption across end-use industries such as oil and gas and infrastructure development, more emphatically across emerging markets in Asiatic region, the global supervisory control and data acquisition (SCADA) market is likely to remain highly lucrative in the coming years. Supervisory control and data acquisition system is extensively used to procure data from ongoing industrial processes to identify any shortcoming across production structures and processes. Surged spending towards infrastructure development and prevalent disparities in supply and demand chain in the oil and gas sector further prompts advances in oil and gas extraction expeditions which are likely to favor uninterrupted growth in SCADA market in the coming years.

Browse the full Supervisory Control and Data Acquisition (SCADA) Market Report:

Fast escalating population coupled with limited water resources for usable water has triggered ample advances in waste water treatment across the globe. Evolution in waste water management, and ascending consumer preferences for automation to relatively replace legacy equipment has paved way for automated waste water treatment endeavors. SCADA system is an integral facet of automated commercial applications such as waste water treatment.

Automated Waste Water Treatment Endeavors Propels Demand Upsurge in SCADA Market

Essentially a conglomerate of computer and communications equipment, SCADA driven process automation effectively control crucial commercial applications. Other relevant functional attributes of SCADA include data logging, monitoring, alarming, and diagnostic attributes. Water treatment remains one of the forerunners in adopting SCADA for process automation that allows in controlled operations and monitoring via HMI screens to gauge accurate processing across massive water treatment plants wherein manual operations can become a potential bottleneck, hindering seamless operations. Web SCADA remain much sought after in waste water treatment that grants complete access across any browser. Features such as Internet Gateway also allows SCADA based management across the cloud. Factors as such are likely to initiate stupendous growth in SCADA market in subsequent times.

Besides lurking demands in waste water treatment, massive progress in electric power supply domain further encourages substantial adoption for re-routing power to suffice power shortages. Prevalence of power shortages and sudden power failure are likely to remain potential drivers for rapid adoption of SCADA. Occasional instances of power failure more emphatically across emerging economies such as Asia-Pacific regions is projected to favor relentless growth in SCADA market, on the back of fast growing electric power sector. Despite lucrative opportunities in APAC, the North America SCADA market is likely to remain at the forefront.

Despite promising applications of SCADA across diverse commercial applications, market growth is likely to remain largely constricted owing to growing instances of cyber threats and cyber-crimes. Advances in sophisticated power management system however is expected to largely benefit uncompromised power management in SCADA realm.