Categories: Electronics And Semiconductor | Format :
Global Power SCADA Market Overview
The Global Power SCADA Market size is estimated to reach $2.41 Billion by 2026 growing at a CAGR of 7.1% over the forecast period of 2021-2026.
Power SCADA Operation allows facilities teams at Power Critical Facilities to monitor, control, and troubleshoot issues with their MV and LV distribution systems in real-time, maximising power availability and operational efficiency while reducing downtime and safety hazards.
Impact of COVID-19 on Power Scada Market
COVID-19 is changing the design of T&D SCADA networks since engineers, operators, and maintenance personnel no longer have direct access to operational control rooms require more remote desktop access. The SCADA Systems for Electric Power research offers unique insights about COVID-19's market influence.
Key Takeaways from Global Power SCADA Market Report:
By Product, market for Hardware is estimated to grow at the highest CAGR during the forecast period
Based on Product, Global Power SCADA Market is segmented into Hardware, Software and Services. Conventional dominated Hardware dominated the market in 2020 and is also set to be fastest growing with CAGR of 8.2% over the period 2021-2026. The hardware element of a power SCADA system is an integrated system that consists of various mechanical and electrical equipment that are connected to various networking platforms. It refers to any analogue, digital, or hybrid device that is used to control and manipulate data in real time. A comprehensive hardware system, consisting of various I/O devices, sensors, and PLCs, is employed as a compact controller for a power SCADA system. Communication between various grid elements in substations is enabled through a networking network.
By End User, market for Oil and Gas is estimated to grow at the highest CAGR during the forecast period
By End User, Oil and Gas dominated the market in 2020 and is also set to be fastest growing with CAGR of 8.0% over the period 2021-2026. Oil and gas producers employ electricity SCADA systems to monitor and manage the processing of crude oil from wellheads to refineries and end-users via a network of pipelines. Power SCADA systems offer a proactive and powerful technique of diagnosing problems, as well as real-time data for making on-the-fly choices to maximise earnings. Oil and gas operators can easily monitor and collect data from remote areas using power SCADA systems to improve facility control, optimise oil well production, increase accuracy, improve security and environmental safeguards, reduce energy consumption, and ensure workplace compliance with policies and procedures.
North America to account for the largest market share during the forecast period
Asia Pacific dominated the Global Power SCADA Market with share of 37.9% in 2020. China and Japan, which are among the region's and world’s largest users, account for the majority of the power SCADA market. The power SCADA market in this area is likely to be driven by fast-growing economies, increasing demand from a large population, the need for high-quality goods, and improved production rates. The market in China is predicted to expand due to an increase in the number of manufacturing facilities in the country, which would result in a significant need for electricity SCADA. However, North America is set to be the fastest growing over the period 2021-2026.
Market Dynamics
Driver: Increasing Industry 4.0 drives the market demand
The 4th generation industrial revolution (Industry 4.0) concept originated in Germany and spread throughout Europe and the Americas. The widespread adoption of Industry 4.0 concepts by numerous industries is expected to be a major factor in the market's expansion. The majority of processes and systems in the power sector are now automated, allowing power plants to work 24 hours a day, seven days a week with zero human mistakes, great efficiency, and complete precision. It has influenced the future of the electricity sector by minimising mistakes associated with human involvement in processes and increasing the efficiency of automated technologies. SCADA systems with high power are essential for automating industrial operations. Automation systems, such as Power SCADA solutions, may control and operate a variety of machinery.
Challenge: High Cost with Set up and Maintenance is set to limit market growth.
Legacy systems communicate via their own unique protocols, making it difficult to link them to modern technological systems. Furthermore, the extra expenditures required by electricity SCADA manufacturers or suppliers to modify current systems are significant. Furthermore, power plant automation software systems require periodic maintenance and upgrades. Small power plants and captive power plants cannot afford to absorb such costs. As a result, cost is a major stumbling block to the expansion of the power SCADA market. It becomes difficult to add any alternative system, hardware, or software that is not compatible with the Power SCADA system once it has been implemented in an operational plant, since it must smoothly interact with the existing system for maximum results.
Key Market Players:
Key Players in Global Power SCADA Market consist of IBM Corp, Hitachi LTD, Alstom, Honeywell International, ABB LTD, JFE Engineering Corporation, Mitsubishi Electric Corporation, Emerson Electric Co., Rockwell Automation, and Schneider Electric among others
Recent Developments:
In February 2021, Honeywell has secured a deal with SEPCO Electric Power Construction Corporation to offer safety and security systems, linked control, and telecommunications services to a shipyard in Saudi Arabia that is under construction.
Report Coverage and Scope
The report “Global Power SCADA Market”, by Research Informatic covers an in-depth detailed analysis for the following segment which are covered under scope.
By Architecture
By Component
By End Users
Geography
Global Power SCADA Market Growth, Trend and Forecast 2021-2028
Chapter 1 Power SCADA Market Overview
1.1 Product Overview and Scope of Power SCADA
1.2 Power SCADA Market Segmentation by Type
1.2.1 Global Production Market Share of Power SCADA by Type in 2020
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
1.3 Power SCADA Market Segmentation by Application
1.3.1 Power SCADA Consumption Market Share by Application in 2020
1.3.2 Application 1
1.3.3 Application 2
1.3.4 Application 3
1.4 Power SCADA Market Segmentation by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
1.5 Global Market Size (Value) of Power SCADA (2014-2028)
Chapter 2 Global Economic Impact on Power SCADA Industry
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions
Chapter 3 Global Power SCADA Market Competition by Manufacturers
3.1 Global Power SCADA Production and Share by Manufacturers (2020 and 2020)
3.2 Global Power SCADA Revenue and Share by Manufacturers (2020 and 2020)
3.3 Global Power SCADA Average Price by Manufacturers (2020 and 2020)
3.4 Manufacturers Power SCADA Manufacturing Base Distribution, Production Area and Product Type
3.5 Power SCADA Market Competitive Situation and Trends
3.5.1 Power SCADA Market Concentration Rate
3.5.2 Power SCADA Market Share of Top 3 and Top 5 Manufacturers
3.5.3 Mergers & Acquisitions, Expansion
Chapter 4 Global Power SCADA Production, Revenue (Value) by Region (2014-2021)
4.1 Global Power SCADA Production by Region (2014-2021)
4.2 Global Power SCADA Production Market Share by Region (2014-2021)
4.3 Global Power SCADA Revenue (Value) and Market Share by Region (2014-2021)
4.4 Global Power SCADA Production, Revenue, Price and Gross Margin (2014-2021)
4.5 North America Power SCADA Production, Revenue, Price and Gross Margin (2014-2021)
4.6 Europe Power SCADA Production, Revenue, Price and Gross Margin (2014-2021)
4.7 China Power SCADA Production, Revenue, Price and Gross Margin (2014-2021)
4.8 Japan Power SCADA Production, Revenue, Price and Gross Margin (2014-2021)
4.9 Southeast Asia Power SCADA Production, Revenue, Price and Gross Margin (2014-2021)
4.10 India Power SCADA Production, Revenue, Price and Gross Margin (2014-2021)
Chapter 5 Global Power SCADA Supply (Production), Consumption, Export, Import by Regions (2014-2021)
5.1 Global Power SCADA Consumption by Regions (2014-2021)
5.2 North America Power SCADA Production, Consumption, Export, Import by Regions (2014-2021)
5.3 Europe Power SCADA Production, Consumption, Export, Import by Regions (2014-2021)
5.4 China Power SCADA Production, Consumption, Export, Import by Regions (2014-2021)
5.5 Japan Power SCADA Production, Consumption, Export, Import by Regions (2014-2021)
5.6 Southeast Asia Power SCADA Production, Consumption, Export, Import by Regions (2014-2021)
5.7 India Power SCADA Production, Consumption, Export, Import by Regions (2014-2021)
Chapter 6 Global Power SCADA Production, Revenue (Value), Price Trend by Type
6.1 Global Power SCADA Production and Market Share by Type (2014-2021)
6.2 Global Power SCADA Revenue and Market Share by Type (2014-2021)
6.3 Global Power SCADA Price by Type (2014-2021)
6.4 Global Power SCADA Production Growth by Type (2014-2021)
Chapter 7 Global Power SCADA Market Analysis by Application
7.1 Global Power SCADA Consumption and Market Share by Application (2014-2021)
7.2 Global Power SCADA Consumption Growth Rate by Application (2014-2021)
7.3 Market Drivers and Opportunities
7.3.1 Potential Applications
7.3.2 Emerging Markets/Countries
Chapter 8 Power SCADA Manufacturing Cost Analysis
8.1 Power SCADA Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Price Trend of Key Raw Materials
8.1.3 Key Suppliers of Raw Materials
8.1.4 Market Concentration Rate of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.2.1 Raw Materials
8.2.2 Labor Cost
8.2.3 Manufacturing Expenses
8.3 Manufacturing Process Analysis of Power SCADA
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
9.1 Power SCADA Industrial Chain Analysis
9.2 Upstream Raw Materials Sourcing
9.3 Raw Materials Sources of Power SCADA Major Manufacturers in 2020
9.4 Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List
Chapter 11 Market Effect Factors Analysis
11.1 Technology Progress/Risk
11.1.1 Substitutes Threat
11.1.2 Technology Progress in Related Industry
11.2 Consumer Needs/Customer Preference Change
11.3 Economic/Political Environmental Change
Chapter 12 Global Power SCADA Market Forecast (2021-2028)
12.1 Global Power SCADA Production, Revenue Forecast (2021-2028)
12.2 Global Power SCADA Production, Consumption Forecast by Regions (2021-2028)
12.3 Global Power SCADA Production Forecast by Type (2021-2028)
12.4 Global Power SCADA Consumption Forecast by Application (2021-2028)
12.5 Power SCADA Price Forecast (2021-2028)
Chapter 13 Appendix
Power SCADA Operation allows facilities teams at Power Critical Facilities to monitor, control, and troubleshoot issues with their MV and LV distribution systems in real-time, maximising power availability and operational efficiency while reducing downtime and safety hazards.
The Global Power SCADA Market size is estimated to reach $2.41 Billion by 2026 growing at a CAGR of 7.1% over the forecast period of 2021-2026.
The 4th generation industrial revolution (Industry 4.0) concept originated in Germany and spread throughout Europe and the Americas. The widespread adoption of Industry 4.0 concepts by numerous industries is expected to be a major factor in the market's expansion.
IBM Corp, Hitachi LTD, Alstom, Honeywell International, ABB LTD, JFE Engineering Corporation, Mitsubishi Electric Corporation, Emerson Electric Co., Rockwell Automation, and Schneider Electric among others
Asia Pacific dominated the Global Power SCADA Market with share of 37.9% in 2020. China and Japan, which are among the region's and world’s largest users, account for the majority of the power SCADA market.
By Product, market for Hardware is estimated to grow at the highest CAGR during the forecast period
Published On:Jan 2021
Base Year:2020
Historical Data:2017 - 2019
No of Pages:250
Power SCADA Market Size, Share & Trends Analysis R...
RD Code : SE22