The
scada market and it is poised to grow by $ 8.22 bn during
2020-2024, progressing at a CAGR of 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.
Technavio suggests three forecast scenarios (optimistic, probable, and
pessimistic) considering the impact of COVID-19. Please Request Latest Free
Sample Report on Covid-19 Impact
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. Although the
increased extraction of shale gas will offer immense growth opportunities, high
initial cost of implementation will challenge the growth of the 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.
Increased extraction of shale gas has been instrumental in driving the
growth of the market. However, 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. Our scada market report
covers the following areas:
·
SCADA Market size
·
SCADA Market trends
·
SCADA Market industry analysis
This study identifies growing demand for cloud-based SCADA systems as
one of the prime reasons driving the scada market growth during the next few
years.
SCADA Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the
scada market, including some of the vendors such as 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. Backed with competitive intelligence and
benchmarking, our research reports on the SCADA Market are designed to provide
entry support, customer profile and M&As as well as go-to-market strategy
support.
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