SCADA Alarm Management Trends and Forecast
The future of the global SCADA alarm management market looks promising with opportunities in the utility, power grid, mining, and oil & gas markets. The global SCADA alarm management market is expected to reach an estimated $791.3 million by 2030 with a CAGR of 10.2% from 2024 to 2030. The major drivers for this market are growing demand for the industrial internet of things, rising necessity for early incident detection and prevention, and expanding adoption of cloud-based SCADA alarm management solution.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
SCADA Alarm Management by Segment
The study includes a forecast for the global SCADA alarm management by type, application, and region.
SCADA Alarm Management Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• SCADA Alarm Management Software
• Services
SCADA Alarm Management Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Utilities
• Power Grids
• Mining
• Oil & Gas
• Others
SCADA Alarm Management Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of SCADA Alarm Management Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies SCADA alarm management companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the SCADA alarm management companies profiled in this report include-
• ABB
• MAPS SCADA
• Operation Technology
• Trihedral Engineering
• Inductive Automation
• EXELE Information Systems
• National Response Center
• Schneider Electric
• Emerson
• Rockwell Automation
SCADA Alarm Management Market Insights
Lucintel forecasts that service is expected to witness the higher growth over the forecast period.
Within this market, oil & gas is expected to witness the highest growth over the forecast period.
North America will remain the largest region over the forecast period.
Features of the Global SCADA Alarm Management Market
Market Size Estimates: SCADA alarm management market size estimation in terms of value ($M).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: SCADA alarm management market size by type, application, and region in terms of value ($M).
Regional Analysis: SCADA alarm management market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the SCADA alarm management market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the SCADA alarm management market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the SCADA alarm management market size?
Answer: The global SCADA alarm management market is expected to reach an estimated $791.3 million by 2030.
Q2. What is the growth forecast for SCADA alarm management market?
Answer: The global SCADA alarm management market is expected to grow with a CAGR of 10.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the SCADA alarm management market?
Answer: The major drivers for this market are growing demand for the industrial internet of things, rising necessity for early incident detection and prevention, and expanding adoption of cloud-based SCADA alarm management solution.
Q4. What are the major segments for SCADA alarm management market?
Answer: The future of the SCADA alarm management market looks promising with opportunities in the utility, power grid, mining, and oil & gas markets.
Q5. Who are the key SCADA alarm management market companies?
Answer: Some of the key SCADA alarm management companies are as follows:
• ABB
• MAPS SCADA
• Operation Technology
• Trihedral Engineering
• Inductive Automation
• EXELE Information Systems
• National Response Center
• Schneider Electric
• Emerson
• Rockwell Automation
Q6. Which SCADA alarm management market segment will be the largest in future?
Answer: Lucintel forecasts that service is expected to witness the higher growth over the forecast period.
Q7. In SCADA alarm management market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the SCADA alarm management market by type (SCADA alarm management software and services), application (utilities, power grids, mining, oil & gas, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to SCADA Alarm Management Market, SCADA Alarm Management Market Size, SCADA Alarm Management Market Growth, SCADA Alarm Management Market Analysis, SCADA Alarm Management Market Report, SCADA Alarm Management Market Share, SCADA Alarm Management Market Trends, SCADA Alarm Management Market Forecast, SCADA Alarm Management Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.