Power SCADA Market worth $2.9 Billion by 2028
The global Power SCADA Market is expected to grow from an estimated USD 2.1 billion in 2023 to USD 2.9 billion by 2028, at a CAGR of 7.1% during the 2023–2028 period according to a new report by MarketsandMarkets™. Key to this growth is the increasing emphasis on the modernization and digitization of power infrastructure. Acknowledging the crucial role of SCADA systems,...
Distribution Automation Market Sets New Record, Projected at $28.1 Billion By 2027 at 12.2% CAGR
The global distribution automation market is estimated to be valued at USD 15.8 billion in 2022 (estimated year) and is projected to reach USD 28.1 billion by 2027 (forecast year); growing at a CAGR of 12.2% during the forecast period.
The distribution automation market has promising growth potential due to the rising deployment of smart grid technologies and increasing demand for the electricity...
Exponential Rise in Global Energy Consumption Boost Distribution Automation Market
Increasing focus on the replacing the aging power grid infrastructures is one of the primary driver accelerating the growth of the market. The growth of the distribution automation market can be attributed by the increasing deployment of smart grid technologies and rapidly growing investments in smart grid infrastructure to provide a reliable and efficient power supply.
The global Distribution...
Empowering Energy Efficiency: Exploring the Power Plant Control System Market
The global power plant control system market is projected to reach USD 10.2 billion by 2026 from an estimated USD 7.2 billion in 2021, at a CAGR of 7.3% during the forecast period. The growing need for zero downtime power supply solutions for critical power applications is the major driver of the rotary or power plant control system market. The advantages of rotary UPS such as high efficiency, fewer...
Latest Strategic Acquisition in Power Plant Control System Market
Power Plant Control System Market is projected to reach USD 10.2 billion by 2026 from an estimated USD 7.2 billion in 2021, at a CAGR of 7.3% during the forecast period. The growing need for zero downtime power supply solutions for critical power applications is the major driver of the rotary or power plant control system market. The advantages of rotary UPS such as high efficiency, fewer space...
Power SCADA Market to Grow $2.5 Billion by 2026
According to the new market research report
“Power SCADA Market by Architecture (Hardware, Software,
Services), Component (Remote Terminal Unit, Programmable Logic Controller,
Human Machine Interface, Communication System Protection relays), End User and
Region- Global Forecast to 2026″, published
by MarketsandMarkets™, the Power SCADA Market size will grow to USD 2.5 billion
by 2026...
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...