Electrical SCADA Market to Grow $3.29 Billion by 2022
The global Electrical
SCADA Market is expected to grow from an estimated $2.29 billion in 2017 to
$3.29 billion by 2022, at a CAGR of 7.48%, during the forecast period. This
growth is primarily driven by the increasing investments in electrical
networks, adoption of remote monitoring and control solutions, digitalization
of the power sector, need for automation in the power industry, and rising
pressure...
Electrical SCADA Market to Showcase Significant Growth in the Coming Years
Supervisory Control and Data Acquisition (SCADA) system plays a vital role in power system operation. SCADA mainly helps in monitoring and controlling of an equipment or plant in several industries, restoring of power after an outage, evenly distributing the excess power to overloading regions, and reducing the manpower by controlling the electric power system. The increasing application of SCADA across...