In a recent published report, Kenneth Research has updated the Europe SCADA Market report for for 2024 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2024- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2024, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2024. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2024. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2024. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2024 till March 2024 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Europe SCADA Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017.
The SCADA (Supervisory Control and Data Acquisition) market in Europe is valued at $3.52 billion in 2017 and expected to exhibit a moderate growth over 2018-2023.
Highlighted with 23 tables and 47 figures, this 135-page report “Europe SCADA Market by System Component, Architecture Type, Industry Vertical and Country 2014-2023” is based on a comprehensive research of Europe SCADA system market by analyzing the entire regional market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report provides historical market data for 2014-2016, revenue estimates for 2017, and forecasts from 2018 till 2024.
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view. The balanced (most likely) projection is used to quantify Europe SCADA market in every aspect of the classification from perspectives of system component, architecture type, industry vertical and region.
Based on system component, the market is segmented into the following sub-markets with annual revenue included for 2014-2024 (historical and forecast) for each section.
• Supervisory Station
• Remote Terminal Unit
• Programmable Logic Controller
• Human Machine Interface
• Communication Infrastructure
Based on architecture type, the market is segmented into the following sub-markets with annual revenue included for 2014-2024 (historical and forecast) for each section.
• Hardware
• Software
• Services
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On basis of industry vertical, the market is analyzed on the following segments with annual revenue in 2014-2024 provided for each segment.
• Oil and Gas Industry
• Electrical Power Industry
• Chemical and Petrochemical Industry
• Water and Wastewater Treatment
• Transportation
• Telecommunication
• Pharmaceutical Industry
• Others
By country, the following national markets are fully investigated:
• Germany
• UK
• France
• Russia
• Spain
• Rest of Europe
For each of the aforementioned countries, detailed analysis and data for annual revenue are available for 2014-2023. The breakdown of key national markets by system component and industry vertical over the forecast years is also included.
The report also covers current competitive scenario and the predicted manufacture trend; and profiles key SCADA vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in Europe SCADA market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players:
ABB Ltd.
B-SCADA Inc.
Emerson Electric Co.
Endress+Hauser AG
General Electric Co.
Hitachi, Ltd.
Honeywell International Inc.
International Business Machines Corporation (IBM)
Larsen & Toubro Limited
Mitsubishi Electric Corp.
Omron Corporation
Rockwell Automation Inc.
Schneider Electric SE
Siemens AG
TechnipFMC plc
Yokogawa Electric Corporation
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