Global Supervisory Control and Data Acquisition (SCADA) Market to Benefit from Elevated Demand from Oil and Gas Sector | Automation.com

Global Supervisory Control and Data Acquisition (SCADA) Market to Benefit from Elevated Demand from Oil and Gas Sector

Albany, New York, April 23, 2015 : The report “ Supervisory Control and Data Acquisition (SCADA) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” has been added to the repository of Market Research Reports Search Engine (MRRSE). According to this report, the global market for supervisory control and data acquisition (SCADA) will expand at a 5.0% CAGR during the forecast period of 2014 to 2020. The global SCADA market accumulated revenue of US$23.20 billion in 2013 and this figure is anticipated to reach US$32.70 billion by 2020.

According to this Transparency Market Research (TMR) report, the global SCADA market will be driven by the elevated demand for SCADA from the oil and gas industry and increasing investment in infrastructure projects in emerging markets. Furthermore, factors such as the accelerated demand for process automation in several industries and increased risk of cyber threats will support the growth of the supervisory control and data acquisition market.

Browse Full Report with TOC : http://www.mrrse.com/scada-market

The prime opportunity for players operating in the global SCADA market is the increasing popularity of WSN-based (wireless sensor network) and cloud-based SCADA. The top companies operating in the supervisory control and data acquisition market are ABB Ltd., Alstom SA, Honeywell International, Inc., Omron Corp, Emersion Electric Co., Yokogawa Electric Corporation, and General Electric Co.

Application-wise, the global SCADA market is divided into electrical power, water and wastewater, oil and gas, transportation, chemicals, pharmaceuticals, and food and beverages. On the basis of revenue, electrical power was the largest application segment of the supervisory control and data acquisition (SCADA) market in 2013 and held a market share of 17.7%.

In terms of geography, the global SCADA market is dominated by North America and this regional market accounted for 33.80% of the overall market in 2013. Rapidly developing process automation and increasing amount of investment in energy verticals are responsible for the growth of this regional market. On the other hand, countries such as China and India are improving their infrastructure to better control power distribution and transmission losses. This will fuel the growth of the Asia Pacific supervisory control and data acquisition market.

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