Drive for Efficiency and Reliability Drives Growth
The worldwide SCADA market reflects the impact of new technology on SCADA components and cost effective communications for knowledge transfer. SCADA components are easier to integrate and provide vastly improved capabilities and functionalities, and communications are no longer limited. Utilities are implementing SCADA technology for a range of operational improvement applications and linking these to business processes for a variety of purposes, both internal and external to the enterprise.
Many factors are driving SCADA project activity in the power sector. Emerging economies are working to expand their power generation and distribution capacity. Utilities in developed regions are working to harness the potential of the smart grid to improve the security, efficiency, and reliability of their networks by implementing cyber security technologies and advanced applications that help them to monitor the performance of grid assets in real time, and quickly restore power to customers when an outage occurs.
The primary demand drivers in the SCADA market are the growing need for reliable electricity supplies to support economic growth in all parts of the world, and the global climate change challenge which has created increased demand for renewable energy and high-efficiency power systems and equipment.
AIn addition to the quantitative assessment of the SCADA marketplace, this report provides clients with an insightful analysis of the products and strategies of the leading SCADA suppliers and explores, in depth, the key issues that will impact this business in the near future.
• The major factors contributing to growth and inhibiting growth in the worldwide electric power SCADA market
• Market size for each geographical region, and which regions will experience the greatest market growth
• Overall industry growth potential
• Key elements for success in the electric power SCADA business