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The Europe SCADA market is currently witnessing moderate growth. Supervisory Control and Data Acquisition (SCADA) is a framework that controls and monitors various processes in an organization by gathering and analyzing real-time data. It has evolved over the years due to the introduction of modern information technology (IT) standards and practices like SQL, web-based applications, cloud computing, mobility, data virtualization, big data analytics, and the Internet of Things (IoT). These systems are also used for processing data for smart decision making and communication system issues for mitigating downtime, thereby improving security, productivity, reliability, and efficiency of operations. Moreover, SCADA is used in various industries to automate complex industrial processes.
The Europe SCADA market is primarily driven by the increasing investments in intelligent grid systems by market players and governments of various nations. SCADA systems are extensively used in power generation, electricity grids, and distribution sub-stations for data acquisition, communications, control and infrastructure management. Besides this, the limited availability of non-renewable energy resources and their adverse effects on the environment have prompted the European Union (EU) to design and enforce strict policies and regulations that mandate the use of renewable energy in industries. For instance, the EU plans to source 50% of its total energy consumption from renewable energy sources by 2040. Furthermore, SCADA systems are used to maintain refrigeration systems at the supermarkets, as well as ensuring production and safety in refineries across the region. Looking forward, IMARC Group expects the market to witness moderate growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe scada market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, component, architecture and end user.
Breakup by Component:
Breakup by Architecture:
Breakup by End User:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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