The SCADA market delves into the possible growth opportunities for the global SCADA market and the chronological growth of the market throughout the forecast period.
SCADA stands for Supervisory Control and Data Acquisition is a system of hardware and software elements which allows industrial organizations to control, monitor industrial processes located at remote locations, process real time data, and record events. The system performs all the functions by directly interacting with devices such as valves, motors, sensors, pumps, through human-machine interface (HMI) interface.
The SCADA systems play a major role in industrial organizations, since the system process data for smarter decisions, maintains efficiency, and communicate system issue for reducing the downtime.
The basic architecture of SCADA system includes Programmable Logic Controllers (PLCs), Remote Terminal Units (RTUs), or other hardware modules.
The SCADA software system processes, distributes, monitors and displays the data for assisting operators in analyzing the data and in making significant decisions. SCADA systems are the backbones for various industries including oil & gas, food & beverage, energy, transportation, water & waste water, power, recycling, and manufacturing.
Furthermore, the systems also have wide application in various nuclear experimental facilities such as Large Hadron Collider (LHC) experiments. Alarm summary, dynamic process, graphic display, real time & historical time trend, data base connectivity, and recipe management are few of the features of SCADA systems.
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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.
The main function of SCADA is data acquisition from remote devices such as pumps, transmitters, valves. SCADA host software platform provides complete process control for the devices to be turned ON & OFF at the right time, supporting the control strategy and an isolated method of capturing data for monitoring the processes.
SCADA systems are primarily applicable for monitoring & controlling various transport or chemical processes and can easily be used in an industrial environment such as water supply systems, electric power generation, gas & oil pipelines and other distributed processes.
SCADA system also offers the host control functions for supervision control and well-defined settings. For instance, in SCADA system, Programmable Logic Controller (PLC) has been used to control the flow of cooling water in the power generation process.
. SCADA systems are used to automate complex industrial processes and are extensively used for control in various domains such as power generation, distribution, & transmission, water & sewage, manufacturing, mass transit, buildings, facilities and traffic signals.
Rising demand for industrial mobility for managing the industry remotely, and growing implementation of cloud computing in SCADA system is expected to spur the market growth over the forecast period. Furthermore, cumulative infrastructure development of smart cities & transportation, and increasing adoption of Industry 4.0 using SCADA system will also benefits the industry.
Increasing deployment of Wireless Sensor Network (WSN) boosting the performance & flexibility of systems and the ability to monitor remotely will also influence the demand positively. Although, designs complexities and huge installation cost are restricting the adoption of SCADA systems.
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 other
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.
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.
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