Press release
Worldwide SCADA Market Driven by Rising Automation of Oil and Gas Industry Processes
Supervisory control and data acquisition systems are a type of industrial control system used in various industries such as power generation, water and wastewater, oil and gas, telecommunication, manufacturing, and pharmaceuticals. SCADA systems allow automation of various industrial processes, which is the major driver for the global market. According to the report, the global SCADA market was valued at US$23 bn in 2013 and is likely to reach a value of US$32.7 bn by 2020. Should the market hold true, this would represent a CAGR of 5% between 2014 and 2020.
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By application, the report segments the global supervisory control and data acquisition market into electricity generation, oil and gas, manufacturing, automotive, pharmaceuticals, telecommunication, food and beverage, water and wastewater, and transportation. Of these, electric power generation held a dominant 17.7% of the global SCADA market in 2013.
The primary driver for the increasing adoption of supervisory control and data acquisition systems in the electric power generation sector is the increasing incorporation of smart grid systems in developing countries such as India and China. SCADA systems can not only automate the process of monitoring electricity distribution, but also keep track of past usage patterns to deliver vital data for trend analysis. The improvement in grid efficiency brought about by the use of supervisory control and data acquisition systems is the major reason for the increasing use of SCADA systems in the power generation sector.
Regionally, North America emerged as the largest market for supervisory control and data acquisition systems in 2013. The dominant 33.8% share of the regional market can be attributed to the rapid incorporation of process automation solutions in the industrial sector due to the reduced expenditure on process surveillance in the long term. The high investment in the power and oil and gas sectors in the U.S. is another major driver of the North America SCADA market.
The increasing investment in the oil and gas sector in Asia Pacific is a key factor impacting the trajectory of the global SCADA market. Due to the increased profit margin, many oil and gas players in Asia Pacific are opting for automation of several steps of the oil extraction process, which is expected to be a major driver for the APAC SCADA market in the coming years.
In terms of the competitive landscape of the global SCADA market, the report profiles key players such as ABB Ltd., Honeywell International Inc., Rockwell Automation Inc., OMRON Corp., Emerson Electric Co., Siemens AG, Yokogawa Electric Corporation, General Electric, and Schneider Electric SE.
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