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"The SCADA market is expected to be valued at US$13.43 billion by 2022," a new report suggests

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World Pipelines,


According to the new ‘SCADA Market by Component Programmable Logic Controller, Remote Terminal Unit, Human Machine Interface, Communication Systems), Architecture (Hardware, Software, Services), Application and Geography - Global Forecast to 2022’ research report from MarketsandMarketsTM, the supervisory control and data acquisition (SCADA) market is expected to be valued at US$13.43 billion by 2022, growing at a compound annual growth rate of 6.6% between 2017 and 2022.

An increased demand for industrial mobility by remotely managing the process industry, and increasing use of cloud computing in SCADA system are key factors driving this growth.

Use of SCADA systems in the oil and gas industry is expected to hold the largest share of the overall SCADA market. In oil and gas applications, SCADA systems are used to monitor and control the processing of oil from oil wellspring, through a network of pipelines to the refinery plants and further to end user locations. SCADA system provides a powerful and proactive method of detecting and diagnosing problems, which ultimately helps optimise profits.

The communication system in a SCADA system is a core component for monitoring the process control. Without this, the SCADA system cannot exist. The remote terminal unit (RTU) and programmable logic controller (PLC) are connected to the SCADA system through this communication system.

SCADA systems include software architecture consisting of servers, software programs and human machine interface (HMI). SCADA servers are used for real time database (RTDB) and are responsible for data collection and handling, such as polling controllers, alarm checking, calculations of the process time and backup, logging and archiving, and exchange of information between a processing system and computer.

The rising demand for SCADA systems in industries such as the automotive, power, oil and gas, pharmaceutical and healthcare sectors to improve performance efficiency and reduce overall operational cost is expected to drive the growth of the SCADA market in North America.

The growth of the South American market is primarily driven by economic developments, increasing foreign investment and growing manufacturing industry in Brazil.

Read the article online at: https://www.worldpipelines.com/business-news/21042017/the-scada-market-is-expected-to-be-valued-at-us1343-billion-by-2022-a-new-report-suggests/


 

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