Global SCADA Market (2021 to 2026) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts
DUBLIN, June 3, 2021 /PRNewswire/ -- The "SCADA Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global SCADA market exhibited strong growth during 2015-2020. SCADA (Supervisory Control and Data Acquisition) is a control framework that uses PCs, graphical UIs and networked data communications for high-level process supervisory management and to obtain real-time information, especially from topographically isolated areas. It is used for enhancing productivity and efficiency across various industries like power, pharmaceutical, oil and gas, chemical and petrochemical, water and wastewater treatment, automotive and electrical, and electronics.
The expanding utilization of SCADA in grid automation ventures across different developing nations has encouraged the manufacturers to focus on enhancing their infrastructure with a specific end-goal of power distribution and limiting transmission losses.
Another important factor that is boosting the sales of SCADA is its increasing employment in the oil and gas sector as it helps in improving the extraction output, streamlining production and curbing losses. Looking forward, the publisher expects the global SCADA market to grow at a CAGR of around 8% during 2021-2026.
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3 Executive Summary
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