Power SCADA Market is growing rapidly with prominent key players like Omron Corporation, Woodward, Inc & others
Global Power SCADA Market is projected to reach USD 20.20 billion by 2028, growing at a CAGR of 7.3% during the forecast period 2021-2028. Power SCADA is a supervisory control and data acquisition system designed to monitor and control the power distribution systems. This system is used with medium-voltage and high-voltage distribution systems. It helps in monitoring, controlling, and managing the transmission and distribution of electricity. It also helps in remote monitoring and controlling of substations and other elements of the power network.
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Key Players
The major players in the power SCADA market are ABB Ltd. (Switzerland), Siemens (Germany), Schneider Electric (France), General Electric (U.S.), Yokogawa Electric Corporation (Japan), Rockwell Automation Inc. (U.S.), Honeywell International Inc. (U.S.), Omron Corporation (Japan), Woodward, Inc. (U.S.), and Emerson Electric Co. (U.S.). These players are focusing on strategic initiatives such as product launches, acquisitions, and partnerships to strengthen their position in the market.

Market Dynamics
The growing demand for improved power quality and reliability, increased automation in the operation of power plants, and the rising need for cost-effective operations are some of the major factors that are driving the growth of the power SCADA market. The growing demand for renewable energy sources is expected to be a major factor that will drive the growth of the market during the forecast period. Rapid urbanization in emerging economies is expected to create a huge demand for reliable and efficient power supply. This is also anticipated to drive the growth of the power SCADA market. The need to reduce energy losses and the growing demand for smart grid technologies are expected to drive the growth of the market in the coming years.
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Market Insights
The power SCADA market is segmented based on component, application, and region. Based on component, the market is segmented into hardware, software, and services. The hardware segment accounted for the largest market share in 2020. This is attributed to the increasing demand for smart meters and intelligent electronic devices. The software segment is projected to grow at a higher CAGR during the forecast period, owing to the growing demand for advanced control and monitoring solutions.
Based on application, the market is segmented into transmission & distribution, and generation. The transmission & distribution segment accounted for the largest market share in 2020. This is attributed to the increased demand for power distribution automation solutions. The generation segment is projected to grow at the highest CAGR during the forecast period, owing to the growing demand for efficient power generation solutions.
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Regional Analysis
The power SCADA market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America accounted for the largest market share in 2020, owing to the presence of a large number of key players in the region and the increasing number of smart grid projects. The market in Asia Pacific is expected to grow at a higher CAGR during the forecast period, owing to the increasing demand for efficient power distribution solutions in the region.

TOC:
Chapter 1 Power SCADA Market Overview
1.1 Product Overview and Scope of Power SCADA
1.2 Power SCADA Market Segmentation by Type
1.2.1 Global Production Market Share of Power SCADA by Type in 2020
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
TOC Continued…
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About Us:
Research Informatic is a bulging market research and consultancy company based in Nevada, United States, with a report distribution center in India. We are committed to assisting our clients in making critical business decisions by fulfilling their niche market research needs. Our clients are spread across more than 130 countries and in all business domains. Our service offerings include syndicated research, tailored research, consumer surveys, and consulting. We concentrate on making investment decisions based on a variety of criteria such as growth size, benefits strategies, technical advances, and changing consumer inclinations, to name a few.
Our syndicated and custom research reports assist our customers in growing their businesses across a broad range of industries. In the fields of healthcare, chemicals and materials, ICT, Automation, Semiconductors & Electronics, Consumer goods, Energy, Food & Beverages, and Packaging, we include research studies in the form of syndicate reports, custom reports, market surveys, and consultancy projects.
Contact Us:
George Miller
1887 Whitney Mesa
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https://researchinformatic.com
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