Market Segment:
The market has been segmented based on components, architecture and application. The component segment is further divided as Human Machine Interface( HMI), Remote Terminal Unit( RTU), Programmable Logic Controller( PLC), and communication systems which include wired and wireless communication systems. By architecture basis, the segment is segmented as hardware, software, and services. Based on application, the industry is segmented as oil & gas, power, water & wastewater, transportation, telecommunication, pharmaceuticals, chemicals, food & beverages, and others.
RTU is predicted to embrace the largest share of the overall SCADA market. RTU devices are installed at huge operation site such as power, water & wastewater, and oil and gas. Also, sea exploration & extraction accompanied by shale gas furthermore drives the demand for the RTU application. Services segment is expected to contribute majorly in the architecture segment. Furthermore, the rising demand for various services such as regulatory compliance services, SCADA system recommendations, legacy system support & migration, and re-commissioning or restart assistance has led to the significant growth of the software segment over the forecast period.
The oil and gas application is expected to dominate the industry owing to increasing applications across the upstream, midstream, and downstream sectors. The technology applications in such processes deliver reliability, profitability, and enhanced safety for oil and gas operations. The water and wastewater application is estimated to grow at the steady rate.
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Asia Pacific region is projected to contribute majorly in the industry owing to the cumulative investment in power transmission and distribution sector. Countries such as India, China, and Japan are the largest electricity generators in the region thereby contributing in the major share. Furthermore, the government initiatives for SCADA adoption for power generation, and water & wastewater applications are also impacting the industry positively.
Market Key Players:
The key players include IBM Corp, Hitachi LTD, Siemens, Alstom, Honeywell International, Hitachi LTD, ABB LTD, Rockwell Automation, Hitachi LTD, Schneider Electric, Mitsubishi Electric Corporation, Tesco Controls Inc., Emerson Electric Co., Yokogawa Electric Corporation, Eaton Corporation, and Parasyn.
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