Why SCADA Systems Are Essential for Industry 4.0
Why SCADA Systems Are Essential for Industry 4.0
The Fortune Business Insights Research Company recently published a detailed research titled Global SCADA Market Size 2025: Trends Analysis with Forecast 2025. This current market research study contains a plethora of useful insights and data, such as worldwide market size, regional shares, and competitor market share. Additionally, it discusses current trends, future opportunities, and critical statistics for market success.
The SCADA market is growing as industries adopt advanced supervisory control and data acquisition systems for real-time monitoring and control of industrial processes. SCADA systems enhance operational efficiency, data analysis, and system integration.
In summary, Fortune Business Insights™’s latest report on the Global SCADA Market is a must-read for any industry
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Forecast Growth Projected:
The global SCADA market size was valued at USD 39.32 billion in 2023. The market is projected to grow from USD 41.75 billion in 2024 to USD 78.62 billion by 2032, exhibiting a CAGR of 8.2% during the forecast period.
List of the Major Key Players in the SCADA Market:
ABB Ltd. (Switzerland)
Schneider Electric (France)
Rockwell Automation (U.S.)
Emerson Electric Co. (U.S.)
Honeywell International (U.S.)
Siemens AG (Germany)
Omron Corporation (Japan)
Toshiba Infrastructure Systems and Solutions Corporation (Japan)
Yokogawa Electric Corporation (Japan)
Mitsubishi Electric (Japan)
Key Industry Devlopments in the SCADA Market:
Hexagon partnered with Zealand-based Scada Systems, Ltd. to provide comprehensive design and engineering solutions for projects involving electrical and instrumentation requirements.
Rockwell Automation introduced FactoryTalk View Site V13 software, featuring enhanced interaction with logic controllers and improved HMI animation efficiency for automatic diagnostics through FactoryTalk ViewPoints web points.
Honeywell International Inc. released Versatilis transmitters for condition-based monitoring of rotating machinery, reducing manufacturing costs and unplanned downtime, enhancing the company's brand image.
Segmentation:
By Offerings
Hardware
Software
Services
By Component
Programmable Logic Controller (PLC)
Remote Terminal Unit (RTU)
Human-Machine Interface (HMI)
Others
By Application
Industrial Manufacturing
Electric Utilities
Oil and Gas
Telecommunication
Automotive and Transportation
Others
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What are the New Additions in SCADA Market Report?
Comprehensive Market Analysis: The 2023 study offers a comprehensive industry analysis, including important market trends, development drivers, challenges, and opportunities. It covers several industrial sectors and provides information on market size, share, and segmentation.
Company Profiles: The study contains detailed information on significant industry participants. It provides thorough profiles of these organizations, focusing on their financial performance, product portfolios, strategic objectives, alliances, and competitive landscape research.
Customization and Analyst Support: The report provides customized services and analyst help upon request. This might involve custom research, particular data requirements, or unique insights depending on the client's needs and preferences.
Recent Market Developments: The report reflects the most recent market developments that have transpired since the last edition. It contains recent mergers and acquisitions, product launches, collaborations, regulatory changes, and other major events that have shaped the industrial landscape.
Futuristic Growth Opportunities: The research examines and provides potential for future growth in the sector. It delves into developing technologies, industry trends, consumer preferences, and regulatory variables that are projected to fuel development and innovation in the next years.
Regional/Country Reports: In response to particular requests, the report provides tailored regional or country-specific analyses. This allows for a better grasp of market dynamics, the competitive environment, and prospects within a certain area or nation.
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