Could the Oil and Gas Industry Propel a Global SCADA Market

Armed with a 5.0% CAGR from 2014 to 2020, the global SCADA market is expected to be worth US$32.70 billion by 2020. For the market to reach that value from US$23.20 billion in 2013, there has to be a substantial rate of development and adoption by large-scale industries.

A supervisory control and data acquisition (SCADA) unit primarily gathers data from remote locations, including transmitters, valves, and pumps. The perfect SCADA system will offer the benefits of real time fault detection and alerts. It will decrease the overall rate of defect formation in a system’s output, as well as cut down the cost of production. SCADA systems employed in large-scale industries can even coordinate data compilations between different locations.

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Oil and Gas Needs More SCADA
 
One of the biggest factors that promotes the global SCADA market is the improving infrastructure of emerging economies. Countries such as China and India, for instance, are gaining steam in the implementation of SCADA in the electrical power sector; smart grids are now a tangible concept for most countries.

Perhaps the greatest boost to the global SCADA market is offered by the global oil and gas industry. SCADA systems are primarily installed to give a solid push to the search and extraction of crude oil and natural gas. With a rapidly developing global SCADA market, the oil and gas industry is seeing more uses for it, gradually making it an extremely irreplaceable part of their processes. Add to that the recent developments in shale gas extraction technology, and we have a match made in heaven.

Additional implementations of the global SCADA market are in wastewater management and chemicals plants.

Hackers Set their Sights on SCADA
 
In essence, a SCADA network works just like the computers connected by the Internet. And similar to the Internet, the SCADA system can also become vulnerable to external threats.

In its 2015 Annual Security Threat Report, Dell has taken a serious tone at addressing the security issues that occurred in 2014 and has suggested means to negate them. In the report, Dell had given special importance to SCADA attacks. The report stated that SCADA attacks were very politically oriented. The problem is that SCADA systems do not contain personal identities or private information, therefore attacks of SCADA may not be reported under data protection laws. It is because the information is not willingly shared between companies and countries that the incidences of hacking have increased. To mitigate the threat to SCADA, Dell suggests sharing and reporting of any attacks to the industry’s community and develop methods and hardware upgrades to suppress the attackers.

With a global perspective of the SCADA market, North America comes out as the clear leader for 2013. The region has made giant investme
nts for the implementation and development of SCADA systems. Their lead is followed by Europe and Asia Pacific respectively. Most emerging countries in the Asia Pacific region that are undergoing rapid industrialization, are also some of the biggest demanders in the global SCADA market. This is further complemented by rising populations and tightening government regulations towards resource management and environmental protection.

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The key players in the global SCADA market are Yokogawa Electric Co. (Japan), General Electric (U.S.), Alstom (France), Omron (Japan), Emerson Electric Co. (US), Rockwell Automation (US), Siemens AG (Germany), Honeywell International, Inc. (U.S.), Schneider Electric (France) and ABB Ltd. (Switzerland). Each company has made brilliant progress in the global SCADA market and continues to do so, thanks to the currently increasing demand for advanced SCADA systems.