Transparency Market Research has issued a new report on the global supervisory control and data acquisition (SCADA) systems market. They have been tracking the market since 2014 and will continue to do so until 2020. The report is titled 'Supervisory Control and Data Acquisition (SCADA) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020'. SCADA systems run all of the major players in industry. They're used in substations, oil and gas, water distribution, telecommunications, manufacturing, the list goes on. They are brutally important to industrial operations.
The report says that the market was valued at $23 billion in 2013. By 2020, the report estimates the market will reach a value of $32.7 billion by 2020. This would mean the market would have a compound annual growth rate of 5% between 2014 and 2020.
To indicate how important SCADA systems are to the future of industrial control systems, a recent report by BCC Research can be quoted. They say the industrial robotics market will be valued at $31.5 billion by 2021.
What industries are utilizing SCADA systems to their full potentials in the current market? First of all, the electric power generation sector, powering smart grids and turning cities into efficient energy consuming territories. The report says countries that have been incorporating smart-energy with SCADA systems are India and China. Then oil and gas, manufacturing, automotive, pharmaceuticals, telecommunications, food and beverage, water and wastewater, and transportation. The report says substations and energy applications account for 17.7% of the market in 2013. That number will undoubtedly grow due to the amount of energy-producing applications that are being invented in the smart-grid age.
The United States was found to be the top buyer in the market due to having 38.8% of the market share. The market share has been explained by the U.S's craving for automation within factories, and the energy sector growing rapidly. Furthermore, the U.S.'s oil and gas sectors are still very active. All of these industries require SCADA systems.
Asia Pacific areas were the second biggest market for SCADA systems. China's investment into industrial automation will see the SCADA systems market growing as well. Europe was third and the rest of the world followed after that.
