MRO Magazine

Global SCADA Market in the Power Industry Will Flourish Following the Demand for Cloud-based SCADA Systems Through 2019: Technavio


August 31, 2015
By Business Wire News

LONDON

Technavio has published a new report on the global SCADA market in the power industry,which is expected to grow at a CAGR of more than 6% from 2015-2019.

About the Report

According to the latest report by Technavio, the power industry operates under difficult and harsh conditions, requiring continuous monitoring and controlling of various sensors at different process levels. SCADA systems come with such features, and thus, is gaining traction among power companies in the forecast period.

“SCADA systems centralize the monitoring of all processes, thereby having precise control on various operations and continuous round-the-clock monitoring of facilities, which is expected to elevate the SCADA market in the power industry,” says Faisal Ghaus, Vice President of Technavio.

The latest report by Technavio also highlights the extensive use of cloud as a controller of SCADA, which is a major emerging trend in the SCADA market globally.

“Better scalability of cloud systems is one main factor driving the adoption of cloud-based SCADA, which is expected to boost market growth,” adds Ghaus.

Market Scope and Calculation of Market Size

The new Technavio report covers the present scenario and growth prospects of the global SCADA market in power industry market from 2015-2019. We considered revenue generated from the following in the power industry to calculate the market size:

  • Sale of hardware and software licenses
  • Renewal of software licenses
  • Upgrading of existing solutions
  • Maintenance
  • Services

Key Information Covered in the Report:

  • Key Vendors:
    • ABB
    • Emerson Electric
    • Schneider Electric
    • Siemens AG
  • Market Growth Drivers:
    • Rise in need for energy efficiency
    • For a full detailed list, view our report.
  • Market Challenges:
    • Growing threat of cyber-attacks
    • For a full detailed list, view our report.
  • Market Trends:
    • Development of mobile-based SCADA applications
    • For a full detailed list, view our report.

Technavio currently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the SCADA market:

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1-630-333-9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com