Research and Markets: SCADA Market in the APAC Region 2015-2019 with ABB, Honeywell, Schneider & Siemens Dominating
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/nxvzdf/scada_market_in) has announced the addition of the “SCADA Market in the APAC Region 2015-2019” report to their offering.
The analysts forecast the SCADA market in the APAC region to grow at a CAGR of 8.46 percent over the period 2014-2019.
The report, SCADA Market in APAC 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region; it also covers the market landscape of the SCADA market in the APAC region and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
SCADA systems comprise a number of remote terminal units (RTU) that are connected through communication systems to a master station. Data collected at the RTUs is communicated to the master station and displayed through Human Machine Interface (HMI) systems to enable the operator to control operations remotely.
End-user specific developments in technology are one of the key trends upcoming in this market. SCADA manufacturers are not only increasing their product portfolio by acquiring companies with end-user specific products but are also working closely with end-users to develop products according to their requirements.
According to the report, the SCADA market in the APAC region is driven mainly by the need for automation in key end-users such as the Oil and Gas, Power, and Chemical and Petrochemical industries. The need for energy resources in the APAC region has necessitated an increase in oil and gas exploration in remote areas.
Further, the report states that as SCADA systems use open architecture for flexibility, they are susceptible to cyber-attacks. Lack of skilled labor to operate and maintain the SCADA systems is another challenge faced by the automation providers in this region. However, the presence of multinational automation providers dampens the effect of this challenge.
Other Prominent Vendors
- Emerson Process Management
- Rockwell Automation
- Yokogawa Electric Corporation
For more information visit http://www.researchandmarkets.com/research/nxvzdf/scada_market_in
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