Product category:
Power Industry Process News
News Release from: ARC Advisory Group | Subject: SCADA market in power
Edited by the Processingtalk Editorial
Team on 09 July 2007
SCADA sales in electric power to exceed
USD1800M
Driven by new industry dynamics and global demand for electric power infrastructure, the worldwide market for Electric Power SCADA is expected to grow from USD1347M at 6.1% pa
The market was USD1,347 million in 2006 and is forecasted to be over USD1,809 million in 2011, according to a new ARC Advisory Group study The far-reaching impact of technology and quantum change in the way companies are restructuring and streamlining business processes are transforming the global SCADA market
This article was originally published on Processingtalk on 21 Nov 2003 at 8.00am (UK)
Related stories
Pharmaceuticals needs new manufacturing systems
ARC Pharmaceutical industry plant-level expenditures worldwide outlook report: many drug manufacturers are ill prepared for the coming pressures, they need to shorten development times
Ultrasonic Flowmeter Worldwide Outlook
The world market for ultrasonic flowmeters is expected to grow at a Compound Annual Growth Rate of 7.9 percent over the next five years, arising from their adoption for custody transfer measurement
"The latest SCADA systems encompass a new generation of technology components.
These new generations of SCADA components are easier to integrate and provide vastly improved capabilities and functionalities.
SCADA systems are now being considered in a wide range of applications and true business processes for a variety of purposes, including business performance management for utilities" according to Research Director Russ Novak, the principal author of the ARC report "SCADA Systems for the Electric Power Industry".
Further reading
The value of Profibus in the Process Industries
ARC reports that the value proposition of Profibus lies in its ability to address the needs of multiple manufacturing domains, running on a common communication layer
Impact of Katrina on US Oil and Gas Industry
A special report titled "Impact of Hurricane Katrina on US Oil and Gas Industry Will be Lasting" by Russ Novak and Larry O'Brien has been published by the ARC Advisory Group
The worldwide SCADA market for the Electric Power industry is expanding as developing regions establish their energy infrastructures, and established regions refine their control and data collection systems to meet the needs of revised utility business processes.
While the worldwide SCADA market continues to be dominated by global suppliers, there are still a number of niche players, particularly those that offer services.
While North America and Europe continue to dominate the global SCADA market, focus is shifting to developing regions of the world where major energy related Greenfield projects are occurring at a pace that exceeds that of developed areas.
The underlying technology that facilitates traditional SCADA functionality has changed dramatically.
Emerging technology is enabling SCADA to be tightly integrated to the domain of business processes, creating an improved value proposition for its usage.
SCADA systems improve performance of geographically dispersed assets and provide a framework for real-time performance management on a regional, or even global, basis.
SCADA technology enables utilities to improve customer service, allows the layering of intelligence into distribution grids, increases network reliability, and reduces operating costs.
Supported by intelligent field devices, expanded communications networks, and improved compatibility with IT, SCADA can now provide a wealth of information and knowledge as a means to modify business processes.
Utilisation of current SCADA systems should be leveraged to encompass both robust control and automation functionalities.
The Europe, Middle East, Africa (EMEA) region will experience slightly less than average growth through 2011, but it will remain the most significant region through the forecast period.
The SCADA system market in North America, accounting for less than 25 percent in 2006, will also experience less than average growth.
Asia and Latin America will experience above average growth.
• ARC Advisory Group: contact details and other news
• Email this article to a colleague
• Register for the free Processingtalk email newsletter
• Processingtalk Home Page
Search the Pro-Talk network of sites
