Expanding market for Power Industry SCADA

Driven by new industry dynamics and global demand for electric power infrastructure, the worldwide market for Electric Power Supervisory Control and Data Acquisition (SCADA) is expected to grow at a compounded annual growth rate (CAGR) of 6.1% over the next five years. The market was $1,347 million in 2006 and is forecasted to be over $1,809 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 trans-forming the global SCADA market.

“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,” says Research Director Russ Novak, the principal author of ARC’s “SCADA Systems for the Electric Power Industry”.

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.

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.