The power SCADA market comprises supervisory control and data acquisition systems used in electric power transmission and distribution systems. Power SCADA systems provide steady monitoring and control of electricity generation, transmission, and distribution infrastructure including substations and transformer stations. They help electric utilities enhance operational efficiency, improve grid reliability and protect equipment against damage. Growing investments in grid modernization and the integration of renewable energy are driving demand for advanced power SCADA solutions to effectively handle variability in power generation and transmission.

The Global power SCADA market is estimated to be valued at US$ 2.71 Bn in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the power SCADA market are ABB, Emerson, Siemens, Schneider Electric, Eaton Corporation, Rockwell Automation, Hitachi, Honeywell, Indra Sistemas, PSI AG, Toshiba Corporation, Emerson Electric Co. Establishment, Alstom., General Electric Co., Honeywell International Inc., Omron Corporation, Yokogawa Electric Corporation, Iconics Inc., Enbase LLC, and Globalogix.

The increasing investments in smart grid projects across developed economies present Power SCADA Market Demand  deployment of renewable energy is also expected to drive the need for advanced SCADA systems that support variable power generation.

Power SCADA providers are focusing on global expansion through partnerships, mergers and acquisitions to establish presence across emerging power markets including Asia Pacific, South America, Middle East and Africa.

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