Dedham, Massachusetts — Driven by new industry dynamics and global demand for electric power infrastructure, the worldwide market for Electric Power Supervisory Control and Data Acquisition (SCADA) is expected to grow at a compounded annual growth rate (CAGR) of 6.1% over the next five years. The market was $1,347 million in 2006 and is forecasted to be over $1,809 million in 2011, according to a new ARC Advisory Group study.
“The latest SCADA systems encompass a new generation of technology components. These new generations of SCADA components are easier to integrate and provide vastly improved capabilities and functionalities. SCADA systems are now being considered in a wide range of applications and true business processes for a variety of purposes, including business performance management for utilities,” according to Research Director Russ Novak, the principal author of ARC’s “SCADA Systems for the Electric Power Industry”.
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Filed Under: Conveyors, Data acquisition + DAQ modules