PUNE, India, January 22, 2018 /PRNewswire/ --
The report "Electrical SCADA Market by Architecture (Hardware, Software, and Services), Component (Master Terminal unit, Remote Terminal unit, Human Machine Interface), Application (Generation, Transmission, and Distribution), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market is expected to grow from an estimated USD 2.29 Billion in 2017 to USD 3.29 Billion by 2022, at a CAGR of 7.48%, during the forecast period. This growth can be attributed to factors such as increased investments in electrical networks and government initiatives toward the adoption of industrial automation.
Browse 63 market data Tables and 36 Figures spread through 137 Pages and in-depth TOC on "Electrical SCADA Market - Global Forecast to 2022"
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The hardware segment is expected to hold the largest share of the Electrical SCADA Market, by architecture, during the forecast period
The hardware segment led the Electrical SCADA Market in 2016 and is expected to grow at a decent pace during the forecast period. A rapid growth in North America is driven by rising investments focused on automated devices in the power sector, which is the main reason for a large market share held by the segment.
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The master terminal unit segment is expected to be the largest segment of the Electrical SCADA Market, by component in 2017
MTU is expected to be the largest segment in the Electrical SCADA Market, by component, in 2017. MTU basically operates as a master controller and hence it is one of the most important components for remote monitoring. Countries such as India, China, and Germany are showing a rapid growth in the MTU segment due to recent developments of generation plants and increase in the dependency on renewable sources in remote areas.
North America: The leading regional market in electrical SCADA
In this report, the Electrical SCADA Market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East and Africa. North America is the largest and one of the most advanced markets for electrical SCADA. The increasing adoption of investments by Transmission System Operators (TSOs) and Distribution System Operators (DSOs) in electrical networks and a strong presence of prominent SCADA suppliers, especially in the US and Canada, drive the market growth in the region.
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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Electrical SCADA Market. These players include ABB (Switzerland), Schneider (France), Rockwell Automation (US), Yokogawa (Japan), Honeywell (US), Siemens (Germany), Larsen & Toubro (India), Mitsubishi (Japan), Emerson (US), Open system International (US), Advanced Control System (US), and Bentek Systems (Canada). These players adopted various strategies such as new product launches, contracts & agreements, and investments and expansions, to increase their global presence and market share.
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