Electrical SCADA Market and Revenue Analysis Insights by Latest Trends, Top Key Players, Future Growth, Revenue and Demand Forecast 2022

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.

The electrical SCADA market is projected to reach USD 3.29 billion by 2022, growing at a CAGR of 7.48%, from 2017 to 2022. The growth of the electrical SCADA market can be attributed by the adoption of remote monitoring and control solutions, digitalization of the power sector, need for automation in the power industry, investments in electrical SCADA-related products, rising pressure to reduce losses in transmission and distribution, and to increase the efficiency of generation plants. Concerns regarding data security and cybersecurity are the major challenges faced by the players in this market.

“The distribution segment is expected to grow at the highest CAGR from 2017 to 2022.”
The distribution segment is expected to grow at the highest CAGR in the global electrical SCADA market during the forecast period. The growth in the global infrastructure development in the power sector is creating the need for the development of automation. All energy supplied to a distribution utility does not reach the end consumer. A substantial amount of energy is lost in the transmission and distribution system by way of technical and non-technical losses.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Electrical SCADA Market and Revenue Analysis Insights by Latest Trends, Top Key Players, Future Growth, Revenue and Demand Forecast 2022

“Hardware: The largest market for electrical SCADA, by architecture”
The hardware segment led the electrical SCADA market in 2016 and is expected to grow at a decent pace during the forecast period. The growth of the hardware segment is due to the upgradation of existing hardware in regions such as North America and Europe. The Mexican government also supports grid modernization by adopting the SCADA system. This is expected to drive the electrical SCADA market during the forecast period.

Asia Pacific: The fastest growing market for electrical SCADA
Asia Pacific is the fastest-growing market for electrical SCADA due to the recent T&D developments in India and China. The increase in automation and digitalization activities is likely to boost the demand for electrical SCADA during the forecast period. The increasing investments in electrical networks would further raise the demand for the electrical SCADA market in the near future.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 55%, Tier 2- 25%, Tier 3- 20%
By Designation: C-Level- 35%, D-Level- 30%, Others- 35%
By Region: North America- 15%, Europe- 20%, Asia Pacific- 30%, South America- 10%, and Middle East and Africa- 25%

Research Coverage:
The report provides a picture of the electrical SCADA market and its segments across industries and regions. It aims at estimating the market size and future market growth potential across different segments, by architecture, components, application, and region. Furthermore, the report includes an in-depth competitive analysis of key players in the market along with their company profiles, recent developments, and key market strategies.

Why buy this report?
1. The report identifies and addresses key markets for electrical SCADA, which would help OEMs review the growth in demand for the product.
2. The report helps solution providers understand the pulse of the market and provides insight into drivers, restraints, and challenges.
3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

TABLE OF CONTENTS

1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 DEFINITION 13
1.3 SCOPE OF THE STUDY 14
1.3.1 MARKETS COVERED 14
1.3.2 YEARS CONSIDERED FOR THE STUDY 15
1.4 CURRENCY 15
1.5 STAKEHOLDERS 15
2 RESEARCH METHODOLOGY 16
2.1 RESEARCH DATA 17
2.1.1 SECONDARY DATA 17
2.1.1.1 Secondary sources 17
2.1.2 PRIMARY DATA 18
2.1.2.1 Key data from primary sources 18
2.1.2.2 Key industry insights 19
2.1.2.3 Breakdown of primaries 19
2.2 MARKET SIZE ESTIMATION 20
2.3 BOTTOM-UP-APPROACH 20
2.4 TOP-DOWN APPROACH 21

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