The
SCADA market and it is poised to grow by USD 8.22 billion
during 2020-2024, progressing at a CAGR of about 5% during the forecast period.
The report offers an up-to-date analysis regarding the current market scenario,
latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of
various industries, the immediate impact of the outbreak is varied. While a few
industries will register a drop in demand, numerous others will continue to
remain unscathed and show promising growth opportunities. Technavio’s in-depth
research has all your needs covered as our research reports include all
foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report
The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. ABB Ltd., Emerson Electric Co., General
Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., Rockwell
Automation Inc., Schneider Electric SE, Siemens AG, Toshiba Corp., and Yokogawa
Electric Corp. are some of the major market participants. To make the most of
the opportunities, market vendors should focus more on the growth prospects in
the fast-growing segments, while maintaining their positions in the
slow-growing segments.
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Increased extraction of shale gas has been instrumental in driving the
growth of the market. However, the high initial cost of implementation might
hamper market growth.
SCADA Market 2020-2024: Segmentation
SCADA Market is segmented as below:
·
End-user
o Oil And Gas
o Manufacturing
o Power
o Water And
Wastewater Treatment
o Others
·
Geography
o APAC
o North America
o Europe
o MEA
o South America
SCADA Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study,
synthesis, and summation of data from multiple sources. The SCADA market report covers the
following areas:
·
SCADA Market Size
·
SCADA Market Trends
·
SCADA Market Industry Analysis
This study identifies the growing demand for cloud-based SCADA systems
as one of the prime reasons driving the SCADA market growth during the next few
years.
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