Global Supervisory Control and Data Acquisition (SCADA) Market to Exhibit Growth at a CAGR of 5.2% during the Period of 2016 – 2024

The global of supervisory control and data acquisition (SCADA) market has acquired substantial momentum in the recent times. The increasing awareness among people about the benefits of SCADA, such as the real-time fault detection in machinery, reduction in defects in the output, reduction in production cost, and various other advantages it provides to production processes, is boosting this market substantially. A new research report with a title “Supervisory Control and Data Acquisition (SCADA) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024” has been added to the vast online database of Market Research Reports Search Engine (MRRSE). This report analyzes the current market state as well as the future prospects of the global Supervisory Control and Data Acquisition market.

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The global Supervisory Control and Data Acquisition market is expected to rise at a CAGR of 5.2% between 2016 and 2026. At this pace, the market will reach a valuation of US$40.18 billion by the end of 2024 from US$25.56 billion in 2015. The report provides assessment of various drivers that is influencing the global market, along with the restraints, risks and opportunities have been covered under the purview of this report. The global market has been segmented based on parameters such as components, architecture and end use industry. All these aspects help in assessing different trends that has been affecting the overall market growth. Moreover, after taking into account all these factors, an extensive analysis of the region wise growth parameters of supervisory control and data acquisition (SCADA) market along with the overall evaluation for the forecast period of 2016 – 2024 is also provided within the report. Furthermore, the report covers the porter’s five forces and value chain analysis.

Based on components, the market is divided into programmable logic controller (PLC), human machine interface (HMI), SCADA communication systems, remote terminal unit (RTU) among others. On the basis of Architecture, the market is segregated into software, hardware and services. Based on end use industry, the market segments include oil & gas, electrical power, water & wastewater, manufacturing, transportation, chemicals, food & beverages, pharmaceuticals, telecommunication and others. In terms of geography, the market has been segmented into Asia Pacific, North America, Europe, Middle East & Africa (MEA) and South America.

Some of the key players in the global market are Honeywell International, Inc. (The U.S.),  Emersion Electric Co.(The U.S.), Rockwell Automation, Inc.(The U.S.), ABB Ltd (Switzerland), Siemens AG (Germany), General Electric (The U.S.), Yokogawa Electric Corporation (Japan), Omron Corporation (Japan), Schneider Electric SE (France) and Afcon Holdings Group (Israel) among others.

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