Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Electrical SCADAs stands for Supervisory Control and Data Acquisition. Electrical Supervisory Control and Data Acquisition is an industrial computer system that monitors and controls a process. It is a centralized system that monitors and controls entire remote area. It gathers data on the process and sends the commands control to the process. Components of Electrical SCADA includes Human Machine Interface (HMI), Programmable Logic Controller (PLC), Remote Terminal Unit, and Others. Electrical SCADA are used in various applications such as Generation, Transmission, and Distribution.
Increasing implementation of industry 4.0 technologies that includes Industrial IoT (IIoT) and cloud is driving SCADA industry growth. To control machines across sites and collect data about their operations to enhance efficiency & productivity, various industries are implementing this technology. Moreover, factors such as rising investment in Electrical Networks and Government initiatives to promote Industrial Automation will further boost the market growth. North America region accounted for the largest share in Electrical SCADA market. This growth of the market in the region can be attributed to the due to the rising adoption of SCADA by service providers and power operators in the region.
Due to the global pandemic of Coronavirus (COVID-19) outbreak several industries has been affected badly all over the world. Several countries are under strict lockdown that has forced several sectors to shut down their operations and has caused economic crisis. Due to worldwide lockdown, the electrical SCADA market has also been impacted. The global pandemic have both short-term and long-term consequences. This is likely to create a ‘new normal’ for the future of businesses across the sector.
The global Electrical SCADA market is studied for the key regions such as North America, Europe, Asia Pacific and Rest of the World. North America region includes of U.S., Canada and Mexico. While Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. Besides, Asia Pacific covers China, India, Japan and Rest of Asia Pacific. The Rest of the world comprise Latin America and Middle East & Africa. North America is expected to account for the largest market share in the market during the forecast period. Increasing adoption of SCADA by power operators and service providers and presence of electrical SCADA software and system suppliers in the region are the key factor driving the market growth in the region.
The report analyses the global Electrical SCADA market based on architecture, component, application, and geography. Based on architecture, it is segmented into Hardware, Software, and Services. Based on component, it is segmented into Human Machine Interface (HMI), Programmable Logic Controller (PLC), Remote Terminal Unit, and Others. Application studied on the report are Generation, Transmission, and Distribution.
The key companies in the Electrical SCADA market are ABB, Siemens, Emerson, Honeywell, Yokogawa Electric Corporation, Mitsubishi Electric, Schneider Electric, Open System International, Advanced Control Systems, Larsen and Toubro, Rockwell Automation, and Bentek Systems amongst others. New product launches and strategic acquisitions is primarily focused by many industry players so as to maintain competitive edge in the market. Furthermore, many companies are looking to engage in new geographical areas to cater the growing demand for Electrical SCADA in the market.
The report analyses the global Electrical SCADA market based on architecture, component, application, and geography. Based on architecture, it is segmented into Hardware, Software, and Services. Based on component, it is segmented into Human Machine Interface (HMI), Programmable Logic Controller (PLC), Remote Terminal Unit, and Others. Application studied on the report are Generation, Transmission, and Distribution.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain. Asia Pacific covers China, India, Japan and Rest of Asia Pacific. The Rest of the world comprise Latin America and Middle East & Africa.
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