Published on : May 23, 2018
Albany, New York, May 23, 2018: Supervisory Control and Data Acquisition (SCADA) provides end-to-end solutions for data collection and management. Automation of operations across industries has witnessed a surge, contributing significantly towards the growth of SCADA market. In its recently added report titled, ‘Global SCADA Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023’, Market Research Hub (MRH) provides detailed information about the impact of various trends and developments on the growth of the market.
Leading Companies Focusing on Integrating Finances and Technological Expertise
Leading companies are improving their product functionality to address diverse needs of multiple industries who work on SCADA to achieve control on applications; irrespective of geographical and volume constraints. Besides, to improve industrial cyber security, leading companies are integrating finances and technological expertise to render superior products that sync with industry requirements.
Addressing the growing demands for cyber security, Honeywell has recently announced its acquisition of Nextnine. The latter’s flagship product, ICS Shield offers secure management on the SCADA environment. The acquisition is positioned to deploy ICS Shield on Honeywell’s multi-vendor solution interface enabling users to function on one dedicated system for their entire site operation instead of multiple installations.
In addition, in a recent announcement, ABB disclosed that Geneva’s public transport operator has called for an ABB Ability designed SCADA solution that will be implemented to monitor and improve the operation of e-buses in Switzerland. The SCADA system interface will be focused to upgrade efficiency of the transport system by monitoring and controlling different charging stations along with e-buses. Prior to this ABB was also given a project to offer flash charging and on-board electric vehicle technology to HESS buses, a leading Swiss manufacturer of buses, aimed at reducing carbon emissions. Aiming to achieve end-users’ objective of digital industrialization manufacturers are adopting new technologies and market tactics to secure their lead in the market.
Besides, according to a recent report, Yokogawa Electric Corporation is entrusted with an assignment to upgrade supervisory control system of Egyptian Natural Gas Company (GASCO’s) two central grid control centers as part of Egypt’s infrastructure improvement scheme. The company is assigned to design SCADA software which will be used to monitor the functioning of equipment such as compressors. Additionally, Yokogawa in a recent announcement confirmed about the release of an improved version of SCADA/HMI interface. This Stardom network oriented control system will consist of increased I/O points and monitor larger areas; reduce maintenance charges and enable reliable operations even in unfavorable conditions. This recent development is centered to meet transformed user expectations of various industries.
Detailed summary of information presented in the report offers in-depth understanding about the impact of growth of various segments in the market. In this section, the report outlines key segments of the market, which consists of type, applications, and region. On the basis of type, the market is segmented as hardware, software, and services. Based on applications the market is segmented as power & energy, oil & gas industry, water & waste control, telecommunications, transportation, manufacturing industry, and others.
Besides the segmentation, the report also gives the segmentation of the market based on various regions. On the basis of regions, the market is segmented as Europe, North America, South America, Asia-Pacific, Middle East and Africa. Perspectives summarized in the report informs the readers about the effect of various policies administered by leading companies in different regions. On the basis of these insights, key players can interpret the recent developments and market trends and improve their strategies to benefit from their business decisions.
Key Players Identified in SCADA Market
Vital information cited in the report summarizes information on the policies adopted by key players and its impact on the purchase decisions of customers. On the basis of these detailed information outlined in the report, market players and new players can infer accurate deduction and major business policies. Some of the leading companies identified in the market include, ABB, Schneider Electric SE, Yokogawa Electric Corporation, Honeywell International Inc., Emerson Electric Co., General Electric Co., Siemens AG, Larsen & Toubro, Rockwell Automation Inc., Omron Corporation, M.B. Control & Systems Pvt. Ltd., Iconics Inc. among others.
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