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SCADA Alarm Management Market

Market Insights on SCADA Alarm Management covering sales outlook, demand forecast & up-to-date key trends

SCADA Alarm Management Market : Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031

SCADA Alarm Management Market Overview

SCADA Alarm Management market is expected to grow at a high CAGR of 12% during 2021-2031, and is projected to reach US$ 1.5 Bn by 2031. A successful SCADA alarm notification system requires that the real-time information is to be shared with the operators in a timely manner.

The main purpose of these systems is to assist the operator in preventing or minimizing system downtime. The SCADA alarm management system is a system that pinpoints the exact cause of a problem and origin of the problem that occurs on the plant floor operations.

What is Driving Demand for SCADA Alarm Management?

The modern pipelines and distribution systems have become more complex in nature. Today, the total length of pipelines amounts to 2.76 Mn km in more than 120 countries. In 2019 alone, pipeline projects were completed for a total mileage of 7,830 km, which is about one-fifth of the earth’s circumference.

For operators, it has become a part of the daily work procedures to manage the alarm system quality in distribution plants, to ensure that the alarm system continues to be a useful resource for safe and efficient control room operation.

However, the major challenge with the alarm system is that when one thing goes wrong, lots of other things tend to go wrong, and the operator is get confused between all the alarms altering at the same time. There has to be a better way to manage and prioritize the alarms.

An effective SCADA alarm management system is critical to ensure that the process control rooms can safely and efficiently respond to activities in all operating conditions (normal, abnormal, and emergency).

With the increasing push for the adoption of the Industrial Internet of Things (IIoT) and Industry 4.0, intelligent alarm solution is giving plant operators an opportunity to gain efficiency and effectiveness with SCADA monitoring as well as enhance critical asset reliability for boilers, chillers, compressed air and other systems. The increasing need to effectively manage alarms in process plants is expected to drive the market growth.

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Higher Adoption of SCADA Systems in Oilfields

Industrial organizations across every industry manage countless production processes and transactions every day. Integration of SCADA systems into oilfield help organizations to handle the complex processes required to operate in the new and existing oilfields. These control systems provide a stable and cost-effective solution to the needs of the oil and gas sector.

Accurate, real-time data is key to succeeding in the oil and gas industry. Management operators oversee operations, inspect equipment, gather enormous amounts of data, strive to minimize downtime and ensure that everything runs smoothly and seamlessly. Management operators make use of information analyzed by SCADA systems to calculate production values, generate trends for decision-making and project company profits. Performing these duties manually is a very critical and time-consuming task.

Thus, companies turn to SCADA to oversee operations, improve efficiency and minimize downtime. On top of that, companies also rely on the SCADA alarm management system for advanced warning and alerting mechanisms, helping management create deliberate and strategic actions to mitigate damage.

North America Demand Outlook for SCADA Alarm Management

U.S. is expected to hold the largest share in the North America SCADA alarm management market. This is attributable to factors such as increased adoption of industrial automation systems across several industries, which is fueling the growth of SCADA alarm management solutions, in this region.

Several industrial and manufacturing organizations have deployed IoT enabled SCADA systems in their manufacturing plant to automate their industrial processes. The country has always been at the forefront in terms of technological advancements, and their adoption in the industrial sector is not an exception.

Moreover, U.S. has presence of multiple SCADA alarm management vendors, such as Schneider Electric, Emerson, Rockwell Automation, Siemens, Partita IVA, Honeywell, and Mitsubishi Electric. These companies are targeting higher revenue and business expansions due to high competition and demand prevailing across the region. Organizations in U.S. focus on innovations to keep pace with the latest advancements in the market.

Nikhil Kaitwade
Principal Consultant
LinkedIn
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China Demand Outlook for SCADA Alarm Management

China is among the major industrial areas in the world. The implementation of SCADA systems is vital as China looks to meet growing energy demand within huge geographical boundaries. The country is also set to be a huge market for smart grids, the development of which will impact on the implementation of SCADA systems in the future.

Moreover, enterprises in China are adopting the latest technologies to sustain in the global market competition. Government policies in China are also promoting the adoption of IIoT solutions in manufacturing and industrial sectors. Along with this, several industrial organizations are also investing in these systems to meet the growing energy demand across the country.

Moreover, China is one of the world largest petrochemicals and petroleum production country and one of the largest markets for oil production, which creates higher demand for SCADA alarm management from oilfield companies in China.

Who are the Key SCADA Alarm Management Solution Vendors?

Some of the leading vendors offering SCADA alarm management products include

  • ABB Group
  • MAPS SCADA
  • Operation Technology, Inc.
  • Trihedral Engineering Limited, Inductive Automation
  • EXELE Information Systems, Inc.
  • National Response Center (NRC)
  • Schneider Electric
  • Emerson
  • Rockwell Automation
  • Siemens
  • Honeywell
  • ARC Informatique and others.

These vendors have adopted various key strategies, to increase their market shares locally as well as globally. The vendors are focusing on product innovation and strategic partnerships with the regional vendors to collaborate for offering advanced alarm management systems to effectively manage industrial control systems and plant operations.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Key Segments of SCADA Alarm Management Market

By Solution:

  • SCADA Alarm Management Software
  • Services
    • Security Consulting
    • Integration Services
    • Support & Maintenance

By End Users:

  • Utilities
  • Power Grids
  • Mining
  • Oil & Gas
  • Others

By Region:

  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • BENELUX
    • Russia
    • Rest of Europe
  • East Asia
    • China
    • Japan
    • South Korea
  • South Asia & Pacific
    • India
    • Thailand
    • Indonesia
    • Malaysia
    • Australia & New Zealand
    • Rest of South Asia & Pacific
  • Middle East & Africa
    • GCC Countries
    • Turkey
    • South Africa
    • Rest of Middle East and Africa 
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Nikhil Kaitwade
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SCADA Alarm Management Market