ARC Predicts Electric Power SCADA Market Growth at 9%

The worldwide Electric Power SCADA market will grow at a compound annual growth rate (CAGR) of 9.3 percent from 2009 through 2014. A new report published by ARC Advisory Group projects this substantial growth will result from a confluence of new technology and worldwide infrastructure spending fueled by sovereign investment programs. These sovereign investment programs are focused on the expansion of grid capacity in emerging markets, plus upgrading of aging transmission and distribution infrastructure, and improvement of reliability and efficiency.

The expansion and modernization efforts in China and India, and the Smart Grid initiative in the United States will provide the stimulus for exceptional growth in worldwide SCADA sales to the electric power industry. “These concurrent sovereign investment programs have the common goal of increased grid efficiency and responsiveness. Modern SCADA systems support these goals by enabling improved control and monitoring while serving as the backbone for energy management, distribution management, and smart grid initiatives,” according to Clint Reiser, Enterprise Software Analyst, and the principal author of the new report entitled “SCADA Systems for the Electric Power Industry Worldwide Outlook.”