Current Business Affairs Global SCADA Market 2018 | Page 2

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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