123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> General >> View Article

Global Scada Market Is Estimated To Reach $48 Billion By 2024, Says Accurize Market Research

By Author: rajratna patil
Total Articles: 53
Comment this article

Global SCADA market report published by Accurize Market Research forecast that the global market is expected to reach $48 billion by 2024; growing at a CAGR of 5.6% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

Request Sample:

Increasing demand for process automation in different energy verticals to drive the growth of the market
Increasing demand for process automation in different energy verticals and integration of SCADA with IT corporate fuels the demand for the global SCADA market. Moreover, technological developments and the penetration of SCADA in various sectors also boosts the growth of the market.

Market Segmentation

The global SCADA market has been bifurcated on the basis of component, architecture, application, and geography. The component segment is further segmented into the human machine interface (HMI), remote terminal unit (RTU), programmable logic control (PLC), SCADA communication systems and others. The architecture segment can be divided into hardware, software, and services. Furthermore, the application segment contains transportation, electric power, water & wastewater, oil & gas, manufacturing, food & beverages, telecommunication, pharmaceuticals, chemicals, and others.
By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Mexico, and Canada are covered under North America wherein Europe covers U.K, Germany, France, and others. Asia-Pacific covers China, India, Japan, Taiwan, and others. ROW covers South America, the Middle East, and Africa.

“Human machine interface accounted the largest market share in the component segment ", says Accurize

By component segment, the human machine interface accounted for the highest market share of 33.6% in 2017, followed by the programmable logic controller with a market share of 30.3%. Moreover, electric power and chemicals dominated the market in the application segment with a share of 17.5% and 14.6% respectively in 2017.

“North America dominated the global market with the highest market share over the forecast period", says Accurize

In 2017, North America dominated the market with the highest market share of 34.4%. Additionally, RoW is the fastest growing region in the market during the forecast period, owing to the increasing use of SCADA in the oil & energy sector.

Ask for customization:

Top players in the market

The key market players include Hitachi, Ltd., IBM Corporation, Honeywell International, General Electric, ABB, GE Intelligent Platforms, Mitsubishi Electric Corporation, B-SCADA Inc., Schneider Electric SE, and Siemens AG among others.

Total Views: 36Word Count: 394See All articles From Author

Add Comment

General Articles

1. Best Outdoor Flood Lights Ledbest Flood Lights
Author: Unknown Member

2. Led Grow Light Reviews
Author: Led grow light reviews

3. Fantasy Cricket- Paradise Of Fantasy Sports
Author: Mehnaz Rangwala

4. Best Waist Trainer For Weight Loss
Author: Unknown Member

5. Maximum Number Of Money Can Be Win In Single Fantasy League
Author: Mehnaz Rangwala

6. On Mobile Apps, Who Can See Your Personal Data?
Author: Smith jacob

7. Tips To Plan Your Nri Wedding Successfully At Matrimonial Websites
Author: apnahumsafar

8. Rocket League Association Is Ample
Author: XIN

9. Digital Marketing Company - Sathya Technosoft
Author: Sathya Technosoft

10. Manual Testing |selenium Training | Software Testing - Tech Trainers Online
Author: jams23

11. Astrological Combination For Late Marriage
Author: ajatt oberoi

12. Online Shopping For Weed: The Right Option
Author: Get Weed Online

13. Why Cheap Hosting Is Expensive In The Long Run
Author: Andrew Stevenson

14. How Losing Weight Is Easier With The Help Of Supplements?
Author: nancy smith

15. Love Problem In Bronx | Specialist In Bringing Loved Ones Back In Bronx
Author: Surya Bhagwan

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: