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bhavanameti · 1 day

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Industrial Automation Software Market to Reach $59.5 Billion by 2029

Meticulous Research® —a leading global market research company, published a research report titled "Industrial Automation Software Market by Product (SCADA, DCS, MES, HMI, PLC, IT and Software Environment Integration Solutions, Production Process Test Systems), Deployment Type, End User, and Geography - Forecast to 2029".

The global industrial automation software market is projected to grow at a CAGR of 7.4% from 2022, reaching $59.5 billion by 2029. Key drivers of this growth include the increasing demand for automation to enhance manufacturing quality and reliability, the need for mass production with reduced operational costs, and the rise of Industry 4.0 and enabling technologies. Emerging automation-driven industries in developing countries also present significant growth opportunities for market players.

The market is segmented by product, deployment type, end user, and geography, with analysis at the regional and country levels.

Product Segmentation:

Supervisory Control and Data Acquisition (SCADA)

Distributed Control System (DCS)

Manufacturing Execution Systems (MES)

Human Machine Interface (HMI)

Programmable Logic Controller (PLC)

IT & Software Environment Integration Solutions

Production Process Test Systems

Automated Material Handling Systems

Coordinated Data Management Systems

Automatic Storage & Retrieval Systems

In 2022, SCADA is expected to hold the largest market share, driven by its role in data analysis and process optimization. However, the HMI segment is anticipated to experience the highest growth rate during the forecast period.

Deployment Type Segmentation:

On-Premise

Cloud-Based

The on-premise segment is expected to dominate the market in 2022 due to industries' preference for full security control. Conversely, the cloud-based segment is projected to grow at the highest CAGR during the forecast period.

End User Segmentation:

Oil & Gas

Chemicals & Materials

Paper & Pulp

Pharmaceuticals & Biotech

Mining & Metals

Food & Beverage

Power

Consumer Goods

Automotive

Machines & Tools

Semiconductors & Electronics

Aerospace & Defense

Other End Users

The oil & gas sector is forecasted to hold the largest market share in 2022, with significant automation needs in drilling operations, diagnostics, pipeline monitoring, and other areas. The chemicals & materials segment is expected to grow at the highest CAGR, driven by the adoption of IoT and process automation solutions to improve cost efficiency and innovation.

Geographic Segmentation:

North America

Asia-Pacific

Europe

Latin America

Middle East & Africa

Asia-Pacific is anticipated to hold the largest market share in 2022, supported by government initiatives for manufacturing digitization and investments in IIoT. Europe and North America follow in market size.

Key Market Players:

Emerson Electric Co. (U.S.)

ABB Ltd (Sweden)

Siemens AG (Germany)

General Electric Company (U.S.)

Schneider Electric SE (France)

Honeywell International Inc. (U.S.)

Rockwell Automation Inc. (U.S.)

HCL Technologies Ltd. (India)

Parsec Automation Corporation (U.S.)

SAP SE (Germany)

Tata Consultancy Services Limited (India)

Hitachi, Ltd. (Japan)

OMRON Corporation (Japan)

Aegis Industrial Software Corporation (U.S.)

IBM Corporation (U.S.)

Download Sample PDF Copy Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5279

Key Questions Addressed in the Report:

Which market segments exhibit the highest growth in terms of product, deployment type, end user, and country?

What is the historical market size for the global industrial automation software market?

What are the market forecasts and estimates for 2022–2029?

What are the major drivers, restraints, opportunities, and challenges in this market?

Who are the major market players and their market shares?

What is the competitive landscape of the global industrial automation software market?

What recent developments have occurred in this market?

What strategies are adopted by the leading players?

What are the key geographic trends and high-growth countries?

Who are the emerging local players and how do they compete?

This detailed market analysis provides valuable insights for stakeholders and helps in strategic decision-making.

Contact Us: Meticulous Research® Email- [email protected] Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

#IndustrialAutomation #AutomationSoftware #Industry40 #SmartManufacturing #IIoT #FactoryAutomation #DigitalTransformation #ManufacturingTech #AutomationSolutions #IndustrialTech

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robertemma27-blog · 2 months

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Wireless Data Radio Modem Market Size - Industry Trends and Forecast to 2030

The Wireless Data Radio Modem Market is expected to grow from USD 594.4 Million in 2018 to USD 724.1 Million by 2023, at a CAGR of 4.03% between 2018 and 2023.

The growth of the wireless data radio modem market is driven by the growing demand for radio modems in agricultural drones and surveys, dominance of radio modems in SCADA and telemetry applications, and low operational costs and more power-efficiency of private radio networks using radio modems. Moreover, increase in the number of exemptions for the use of UAV drones in the commercial applications is the major opportunity for the growth of the market.

The major players in the wireless data radio modem market include SATEL OY (Finland), Motorola Solutions (US), Schneider Electric (France), Digi International (US), Pacific Crest (US), Advantech B+B SmartWorx (US), FreeWave Technologies (US), Cohda Wireless (Australia), Campbell Scientific (US), and Harris Corporation (US).

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=29689326

General-purpose wireless data radio modems expected to hold larger size of wireless data radio modem market between 2018 and 2023

The long life cycle of radio modems in the enterprise, due to dedicated spectrum and longer battery life, is expected to propel the growth of the general-purpose radio modem market during the forecast period. Moreover, the demand for radio modems is increasing as these modems require minimal infrastructure for facilitating communication and ensuring the delivery of data, in the form of voice and video, in the most cost-effective and reliable manner.

Wireless data radio modem market for long range to grow at higher CAGR between 2018 and 2023

The long-range wireless radio data modem for 910 MHz/2.4 GHz is designed with unmatched radio frequency (RF) performance and for extremely robust long-range frequency hopping. It is the most robust and cost-effective means of the industry for providing embedded long-range data communications between industrial serial communication devices.

Wireless data radio modem market in APAC to grow at highest CAGR between 2018 and 2023

This report segments the market into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). The growth of the wireless data radio modem market in APAC is attributed to the increasing adoption of radio modems with the development of the transportation infrastructure, and mining and utilities industries in the region. The major countries in APAC such as India and China have started recognizing ITS as a crucial tool to solve social, economic, and environmental problems caused by traffic congestion, air pollution, and increased greenhouse gas emissions.

#Wireless Data Radio Modem Market

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globalinsightsservices · 2 months

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Power SCADA Market rowth Opportunities and Competitive Landscape Report to 2033

Market Definition

The Power SCADA (Supervisory Control and Data Acquisition) market is witnessing substantial growth driven by the increasing demand for efficient monitoring, control, and management of power generation, transmission, and distribution systems. This market involves the deployment of SCADA systems specifically designed for power utilities, enabling real-time data acquisition, remote monitoring, and control of power grids and substations.

To Know More: https://www.globalinsightservices.com/reports/power-scada-market

Market Outlook

The market outlook for the Power SCADA (Supervisory Control and Data Acquisition) sector remains optimistic and poised for continued expansion in the forthcoming years. Factors such as the increasing need for efficient power grid management, coupled with the rising adoption of smart grid technologies, are driving the demand for Power SCADA solutions. These systems enable real-time monitoring, control, and automation of power grids, enhancing reliability, reducing outage durations, and improving the overall efficiency of power distribution networks. Moreover, the integration of Power SCADA systems with advanced technologies such as IoT (Internet of Things), big data analytics, and AI (Artificial Intelligence) is revolutionizing grid operations, offering predictive insights, and facilitating proactive maintenance, thereby ensuring uninterrupted power supply and enhancing grid resilience. Additionally, the continuous advancements in SCADA technology, including cloud-based solutions, enhanced cybersecurity, and scalability, are expected to further drive market growth, providing utilities with robust tools to manage and optimize complex power systems.

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Research Objectives

Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region

Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling

Identify factors influencing market growth and challenges, opportunities, drivers and restraints

Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates

Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities

Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market

To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.

Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives

Request Customization: https://www.globalinsightservices.com/request-customization/GIS20893

Market Segmentation

The segmentation of the industrial power supply market encompasses several key facets, including component type, power rating, end-use industry, and geography. Component types within this market involve transformers, switchgear, UPS (Uninterruptible Power Supply) systems, power converters, and others, each serving distinct functions in regulating and delivering power within industrial settings. Power rating categorization includes various power ranges tailored to different industrial needs, from low-power (below 5 kW) to high-power (above 2500 kW) systems, providing solutions for diverse scale operations. Segmentation by end-use industry covers manufacturing, energy, utilities, oil and gas, and others, each with specific power requirements and operational demands, thereby influencing the type of power supply solutions needed. Geographically, the market spans regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, where factors like infrastructure development, industrialization, energy demand, and regulatory norms influence the demand and growth of industrial power supply solutions within these areas.

Major Players

The key players in the Global Power SCADA Market are ABB, Siemens, Emerson, Schneider Electric, Mitsubishi Electric, Honeywell, Yokogawa Electric Corporation, Rockwell Automation, PSI AG, Motorola Solutions

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Research Scope

Scope – Highlights, Trends, Insights. Attractiveness, Forecast

Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others

Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain

Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments

Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis

Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis

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With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions

In-depth segmentation which can be customized as per your requirements

Free consultation with lead analyst of the report

Infographic excel data pack, easy to analyze big data

Robust and transparent research methodology

Unmatched data quality and after sales service

Global Insight Services LLC 16192, Coastal Highway, Lewes DE 19958 E-mail: [email protected] Phone: +1-833-761-1700 Website: https://www.globalinsightservices.com/

About Us:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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rsindia123 · 2 months

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How Siemens SICAM Q200 Instrument Optimizes Power Quality Monitoring for Industries

In today's industrial landscape, the reliability and efficiency of power systems are paramount. As industries evolve and demand more from their power networks, ensuring optimal power quality becomes increasingly critical. Siemens' SICAM Q200 instrument stands at the forefront of this challenge, offering advanced solutions for power quality monitoring tailored specifically for industrial applications. With its cutting-edge technology and robust features, the SICAM Q200 enables industries to analyze, diagnose, and optimize their power systems with unprecedented precision and effectiveness.

In this blog, we delve into the functionalities and benefits of the Siemens SICAM Q200 instrument, exploring how it empowers industries to enhance power quality monitoring. From its ability to detect and analyze power disturbances to its intuitive interface and comprehensive reporting capabilities, the SICAM Q200 emerges as a game-changer in the realm of power management. Join us as we unravel the intricacies of this innovative instrument and discover how it revolutionizes power quality monitoring for industries across the globe.

Overview of Siemens SICAM Q200 instrument

The Siemens SICAM Q200 instrument is a state-of-the-art solution designed specifically for power quality monitoring in industrial settings. It is equipped with advanced sensors and analytics capabilities to accurately measure various parameters related to power quality. The SICAM Q200 offers real-time monitoring, data logging, and analysis features, providing industries with valuable insights into the performance of their electrical systems.

The SICAM Q200 is an advanced network analyzer designed for the precise acquisition and assessment of power quality in electrical power supply systems. Equipped with sophisticated algorithms and functions, it serves as a powerful tool for energy management applications. By supporting continuous acquisition and analysis of all relevant parameters, the device enables users to identify and implement quality improvement programs, thus ensuring superior supply quality. This not only prolongs the service life of equipment but also minimizes downtimes.

Classified as a PQ device Class A according to standards such as IEC 62586-1/2 and IEC 61000-4-30 Ed. 3, the SICAM Q200 surpasses Class A requirements, delivering unparalleled accuracy and reliability. It captures, visualizes, analyzes, and transmits various alternating current characteristics including current, voltage, frequency, power, and harmonics. The measured variables can be seamlessly transferred to a PC, energy automation/SCADA system, or displayed on the device's interface via communication interfaces. Moreover, the SICAM Q200 offers a combined recording and analysis function for measured values directly within the device, enhancing convenience and efficiency. Long-term data and events can be transmitted to the SICAM PQS/PQ Analyzer System via IEC 61850, facilitating flexible analyses and report generation, including compliance with standards such as EN 50160.

Features and Functionality of Siemens SICAM Q200

Real-time monitoring capabilities: The Siemens SICAM Q200 offers real-time monitoring capabilities, providing users with instant insights into the performance of their power supply systems. With its high-definition acquisition capabilities, the device continuously monitors key parameters such as voltage, current, frequency, and power quality indicators, ensuring prompt detection of any abnormalities or deviations.

Detection and analysis of power disturbances: SICAM Q200 excels in detecting and analyzing power disturbances, including voltage sags, swells, interruptions, and harmonic distortions. Its advanced algorithms and analytics functions enable precise identification and characterization of power quality issues, allowing users to take proactive measures to mitigate their impact on equipment and operations.

Comprehensive data logging and reporting: The device features comprehensive data logging capabilities, capturing a wide range of power quality parameters over extended periods. This data can be utilized to generate detailed reports, providing valuable insights into the historical performance of the power system and facilitating trend analysis and compliance monitoring.

Integration with existing power systems: SICAM Q200 seamlessly integrates with existing power systems, enabling easy deployment and interoperability with other monitoring and control devices. It supports various communication protocols and interfaces, ensuring compatibility with different hardware and software platforms commonly used in industrial settings.

User-friendly interface and intuitive operation: The SICAM Q200 is designed with a user-friendly interface and intuitive operation, making it accessible to both experienced professionals and novice users. Its graphical display and intuitive navigation allow users to access critical information and perform tasks efficiently, enhancing productivity and ease of use in demanding industrial environments.

Benefits of Using Siemens SICAM Q200

Enhanced reliability and efficiency of power systems: By providing real-time monitoring and analysis of power quality parameters, the SICAM Q200 helps identify potential issues before they escalate, thereby enhancing the overall reliability of power systems. With its ability to detect and mitigate power disturbances promptly, the device contributes to improved system stability and efficiency, minimizing the risk of unplanned outages and disruptions.

Reduction in downtime and maintenance costs: The proactive monitoring capabilities of the SICAM Q200 enable industries to address power quality issues in a timely manner, reducing the likelihood of equipment failures and downtime. By preventing costly production interruptions and minimizing the need for reactive maintenance, the device helps organizations save on repair and replacement costs, ultimately improving their bottom line.

Improved productivity and profitability for industries: With reliable and stable power supply ensured by the SICAM Q200, industries can operate their equipment and processes at optimal levels, maximizing productivity and throughput. The reduction in downtime and maintenance costs translates to increased operational efficiency and profitability, allowing organizations to allocate resources more effectively and focus on core business activities.

Compliance with regulatory standards and requirements: The SICAM Q200 helps industries maintain compliance with regulatory standards and requirements related to power quality and reliability. By capturing and analyzing data in accordance with established standards such as EN 50160, the device ensures that organizations meet legal obligations and industry guidelines, avoiding potential penalties or sanctions.

Applications

Continuous Monitoring of Supply Quality: Insufficient quality of supplied electrical energy stands out as one of the leading culprits behind unplanned downtimes and device failures. It underscores the importance of acquiring and documenting parameters pertinent to supply quality. This process serves as a crucial step in pinpointing potential weak points and instigating necessary measures to rectify them, thereby mitigating the risk of disruptions and equipment failures.

Q200 Power Quality Instrument Application: The SICAM Q200 is employed in single-phase systems, as well as in three-wire and four-wire systems that include a neutral conductor. Its usage spans across various sectors including power utilities, industries, data centers, and commercial applications.

Measured Characteristics and Power Quality

True RMS of voltage and current with 8192 sampled values / 10 sampling cycles (sampling rate 40 kHz @50 Hz), voltage transients with a sampling rate of 1 MHz

Measurement, visualization, recording in PQDIF of frequencies in the range of 2 kHz to 9 kHz (IEC 61000-4-7) and 9 kHz to 150 kHz (IEC610000-4-30- 2015)

Rapid voltage changes

Measurement compliant with IEC 61000-4-30 Class A Ed. 3, reporting and analyses compliant with EN 50160 (CBEMA)

Phase angles

Power of harmonics for harmonic direction detection

Active, reactive and apparent power and energy

Harmonics up to the 63rd harmonic

Conclusion

In conclusion, the Siemens SICAM Q200 instrument stands as a beacon of innovation in the field of power quality monitoring for industries. With its advanced features, intuitive interface, and comprehensive capabilities, the SICAM Q200 empowers industries to achieve unparalleled levels of reliability and efficiency in their power systems. By providing real-time insights, precise analysis, and proactive measures to mitigate disturbances, the SICAM Q200 enables industries to optimize their operations and minimize downtime, ultimately driving productivity and profitability.

As industries continue to evolve and demand more from their power networks, the importance of effective power quality monitoring cannot be overstated. The Siemens SICAM Q200 instrument not only meets but exceeds these demands, offering a holistic solution that addresses the complexities of modern industrial environments. With its proven track record and continuous innovation, the SICAM Q200 remains at the forefront of power quality monitoring, poised to support industries in their quest for excellence and sustainability.

For the best deals on Siemens SICAM Q200 Power Quality Instrument, look no further than Reliserv Solution. As an Authorized Platinum Channel Partner of Siemens, we specialize in Numerical Relays, Automation Products, Power Quality Meters & Instruments, MV Switchgear Spares, and PSS SINCAL Software. Based in Mumbai, Maharashtra, we provide top-notch solutions trusted for quality and reliability. Serving various industries and panel builders, you can reach us at +917506112097 or email [email protected] with your requirements. Explore our range of Siemens Power Quality Measurement for premium-quality products. Click here to learn more.

#siemens #powerquality #energymanagement #industry4_0 #smartgrid #powermonitoring #energyefficiency #industrialautomation #electricalengineering #sustainability #gridmonitoring #powersystems #digitaltransformation #energysavings #assetmanagement #reliability

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datahorizzon-research1 · 3 months

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Insights into the Smart Grid Market-Size, Share, and Trends by DataHorizzon Research

According to DataHorizzon Research, the Smart Grid Market Size reached USD 51.2 Billion in 2022 and is projected to surge to USD 262.6 Billion by 2032, exhibiting a remarkable Compound Annual Growth Rate (CAGR) of 17.9%.

The smart grid market represents a dynamic arena of technologies and solutions aimed at revolutionizing conventional power grids into intelligent, efficient, and eco-friendly energy networks. Leveraging digital communication and automation technologies, smart grids optimize energy distribution, integrate renewable energy sources, and introduce advanced functionalities like demand response and grid analytics.

This growth trajectory is underpinned by rising energy demands, increasing adoption of renewable energy, aging grid infrastructure, and the imperative for grid resilience and sustainability. With utilities and governments prioritizing grid modernization initiatives, the smart grid market is poised for rapid expansion, promising ample opportunities for innovation and investment across the energy sector.

Request Sample Report: https://datahorizzonresearch.com/request-sample-pdf/smart-grid-market-2176

Key components of the smart grid market include:

· Advanced Metering Infrastructure (AMI): AMI comprises smart meters and communication networks that enable two-way communication between utilities and consumers, facilitating real-time monitoring of energy consumption, remote meter reading, and dynamic pricing schemes.

· Grid Automation and Control Systems: Grid automation solutions, including Supervisory Control and Data Acquisition (SCADA) systems, Distribution Management Systems (DMS), and Advanced Distribution Management Systems (ADMS), enable utilities to remotely monitor and control grid operations, detect faults, and optimize grid performance.

· Renewable Energy Integration: Smart grids support the seamless integration of renewable energy sources such as solar, wind, and battery storage systems into the grid infrastructure, enabling efficient management of distributed generation, grid balancing, and grid stability.

· Grid Modernization Technologies: Grid modernization technologies encompass a wide range of hardware and software solutions, including sensors, predictive maintenance tools, and cybersecurity solutions, resilience, and cybersecurity posture.

· Demand Response and Energy Management: Demand response programs leverage smart grid technologies to incentivize consumers to adjust their energy consumption patterns during peak demand periods, reducing strain on the grid and optimizing energy use.

For Further Information Regarding this Report: Ask For Discount:

Top Companies are:

GE, Schneider Electric, ABB, Siemens, Itron, Cisco, Aclara, OSI, Oracle, Wipro, and IBM are prominent players in the smart grid market, offering a diverse range of technologies and solutions to modernize and optimize energy infrastructure worldwide. These companies leverage their expertise in areas such as grid automation, advanced metering, cybersecurity, data analytics, and cloud computing to address the evolving needs of utilities, governments, and consumers in the transition to smarter, more resilient energy systems.

With a focus on innovation, collaboration, and sustainability, these industry leaders play a critical role in driving the adoption of smart grid technologies and advancing the global energy transition towards a cleaner, more efficient future.

Market Segmentations:

By Technology (2023–2032)

· Advanced Metering Infrastructure

· Distribution Management

· Substation Automation

· Communications

· Security

· Network Management

By Application (2023–2032)

· Generation

· Transmission

· Distribution

· Consumption

By End-User (2023–2032)

· Residential

· Commercial

· Industrial

· Utility

· Others

Regional Analysis

North America stands as the premier market for smart grid technologies, propelled by the presence of numerous key players and robust governmental backing for smart grid infrastructure development. Initiatives such as the US Department of Energy’s Smart Grid Investment Grant program have injected substantial funding into smart grid projects, catalyzing market expansion and innovation.

Meanwhile, Europe emerges as a pivotal market for smart grid technologies, spurred by imperatives to revamp the region’s aging grid infrastructure and mitigate carbon emissions. The European Union’s ambitious 20–20–20 climate targets, aiming to slash greenhouse gas emissions, boost renewable energy adoption, and enhance energy efficiency, serve as additional drivers for investment in smart grid solutions.

Recent developments in the smart grid market include:

· Advancements in Grid Automation: Companies such as Siemens, ABB, and Schneider Electric are continuously innovating in grid automation technologies, incorporating AI, machine learning, and predictive analytics to improve grid reliability, efficiency, and resilience.

· Expansion of Renewable Energy Integration: With the increasing adoption of renewable energy sources, smart grid solutions are evolving to better integrate and manage intermittent renewable generation, ensuring grid stability and optimizing energy flows.

· Focus on Cybersecurity: Given the growing threat of cyber-attacks on critical infrastructure, smart grid vendors are enhancing cybersecurity measures to safeguard grid assets, data, and communications networks against potential threats and vulnerabilities.

· Deployment of Advanced Metering Infrastructure (AMI): Utilities are accelerating the deployment of AMI systems, deploying smart meters and communication networks to enable real-time monitoring of energy consumption, improve billing accuracy, and support demand response programs.

· Development of Microgrid Solutions: Microgrids are gaining traction as resilient, decentralized energy systems that can operate independently or in conjunction with the main grid. Companies like GE and Schneider Electric are developing advanced microgrid solutions to enhance energy reliability and security.

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5545321 · 5 months

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Industrial Automation Market Worth $306.2 Billion by 2027

Meticulous Research®—leading global market research company published a research report titled “Industrial Automation Market by Component (Plant-level Controls, Enterprise-level Controls, Plant Instrumentation), Mode of Automation (Semi-automatic, Fully-automatic), and End User (Oil & Gas, Automotive, Food & Beverage, Chemicals & Materials)—Global Forecast to 2027.”

According to this latest publication from Meticulous Research®, the industrial automation market is projected to reach $306.2 billion in value by 2027, at a CAGR of 9.3% during the forecast period. The industrial automation market is witnessing rapid growth due to the incorporation of automation solutions in industrial processes. The growing need for digitalization and improving manufacturing facilities' safety due to increased fatalities and safety risks to the workforce also contributes to the market’s growth. According to the Bureau of Labor Statistics, there were 5,250 fatal work injuries recorded in the U.S. in 2018. Automated systems are beneficial for managing and saving time as they allow faster responses through real-time monitoring and alert the company before a breakdown. However, cyber threats associated with automated systems comprising robots and various software are a challenge for the market’s growth.

The growth of the industrial automation market is gaining pace due to several strategic developments by the industry leaders to develop their automation portfolios and gain higher market shares. Huge R&D investments, collaborations & partnerships, and the development of new automation solutions & services are the major strategies adopted by the key market players in recent years. For instance, in January 2021, ABB launched its new condition-based maintenance service for the assessment of fleet and individual robots. The new service offers optimized robot performance due to its improved robot management features.

The industrial automation market is segmented on the basis of component (plant instrumentation [sensors, motors & drives, relays & switches, machine vision systems (cameras, optics and LED lighting), robots (articulated robots, cartesian robots, SCARA, collaborative robots, and other robots), and other plant instrumentation components], plant-level controls [PLC, SCADA, DCS, other plant-level controls], enterprise-level controls [PLM, ERP, MES]), mode of automation (semi-automatic, fully-automatic), and end user (oil & gas [upstream, midstream, downstream], chemicals & materials, paper & pulp, pharmaceuticals & biotech, mining & metals, food & beverage [beverages & distilleries, dairy processing, bakery & confectionery, meat, poultry, and seafood products, fruits & vegetables, oil & fats, other food & beverage end users], power, consumer goods, automotive, machines & tools, semiconductors & electronics, aerospace & defense, other end users). The study also evaluates industry competitors and analyzes the market at the country level.

Based on component, the industrial automation market is segmented into plant instrumentation, plant-level controls, and enterprise-level controls. The plant instrumentation segment is projected to record a high growth rate over the forecast period due to the high adoption of robots, sensors, machine vision systems, and 3D printing solutions across the end-use industries. These components help control processes by integrating with the overall manufacturing control system and the logistics chain. The demand for robots has increased due to the consumers’ need to cater to a wide application area as robots can be programmed to perform repetitive and risky tasks with consistent precision, accuracy, and quality. The technology used in robots allows them to operate round the clock even in harsh environments, increasing productivity and profitability and reducing the human labor required for performing activities that might lead to physical injury, thereby increasing workplace safety and reducing labor costs.

Based on mode of automation, the market is segmented into semi-automatic and fully-automatic systems. The fully-automated segment is expected to register the higher CAGR due to the increasing deployment of fully-automatic systems by companies focused on increasing their production capabilities. The adoption of fully-automatic systems helps companies increase their throughput volumes by automating the feeding and assembly processes. The companies adopting fully-automatic systems are usually large-scale companies that already have automated equipment in their facilities and are exploring new ways to minimize long-term costs by reducing human labor.

The industrial automation market caters to end users across the oil & gas, chemicals & materials, paper & pulp, pharmaceuticals & biotech, mining & metals, food & beverage, power, consumer goods, automotive, machines & tools, semiconductors & electronics, aerospace & defense, and other industries. The chemicals & materials segment is expected to grow steadily due to the increasing implementation of IoT and process automation solutions in recent years. The chemical industry is witnessing intense global competition and low product differentiation, making cost control necessary. In such an environment, automation solutions offer dual benefits of innovation in the areas that matter to consumers and improved cost efficiency throughout optimized production. The chemicals & materials industry also needs to control raw material & energy costs, which can be achieved using IIoT and automation technologies, which is further expected to create opportunities for the market’s growth.

Download Free Sample Report Here : https://www.meticulousresearch.com/download-sample-report/cp_id=5172

Geographic Review:

This research report analyzes major geographies and provides a comprehensive analysis for North America (U.S. and Canada), Europe (U.K., Germany, France, Italy, Spain, Sweden, Netherlands, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Singapore, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa (UAE, Saudi Arabia, South Africa, and Rest of the Middle East & Africa). In 2020, Asia-Pacific commanded the largest share of the industrial automation market, followed by Europe and North America. The region’s large share is attributed to the robust manufacturing sector in China, Japan, India, and South Korea and the high deployment of robots in industrial setups. China and Japan have robust manufacturing capabilities and are expected to drive market growth in Asia-Pacific over the forecast period.

Key Players:

The key players operating in the industrial automation market are ABB Group (Switzerland), Rockwell Automation (U.S.), Siemens AG (Germany), Yaskawa Electric Corporation (Japan), Schneider Electric (France), Yokogawa Electric Corporation (Japan), KUKA AG (Germany), Emerson Electric (U.S.), Fanuc (Japan), Honeywell International (U.S.), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), Advantech Co., Ltd. (Taiwan), and Fuji Electric Co., Ltd. (Japan).

Key Questions Answered in the Report-

• Which are the high-growth market segments in terms of component, mode of automation, end user, and region/country? • What was the historical size of the industrial automation market globally? • What are the market forecasts and estimates for the period 2020–2027 in terms of revenue? • What are the major drivers, restraints, and opportunities in the global industrial automation market? • Who are the major players in the industrial automation market? • How is the competitive landscape, and who are the market leaders in the global industrial automation market? • What are the recent developments in the global industrial automation market? • What are the different strategies adopted by the major players in the global industrial automation market? • What are the geographical trends and high-growth regions/countries?

Contact US Meticulous Research® Email- [email protected] Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

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analyticalmarketresearch · 5 months

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Process Automation & Instrumentation Market ,Size, growth rate, Market Segmentation and Forecasts to 2030

Global Process Automation & Instrumentation Market

Automation is a process that uses information technology and control systems in order to replace the worker controlling various processes and instruments. It plays an essential role in collecting info from the field and changing field and field parameters. The process automation and instrumentation is a branch of engineering which is helping in developing advanced sensors, MEMS technology, and smart transducers.

Read More Here: https://qualiketresearch.com/reports-details/Process-Automation-Instrumentation-Market

Key Players:

Siemens AG, Emerson Electric Co., Mitsubishi Electric Corporation, General Electric Co., Schneider Electric, Yokogawa Electric Corporation, ABB Ltd., and Honeywell International Inc.

Market segmentation

Global Process Automation & Instrumentation Market is segmented into instrument such as Field Instrument, Control Valve, and Analytical Instrument, by solution such as PLC, DCS, SCADA, HMI, Safety Automation, APC, and MES. Further, market is segmented into industry such as Pharmaceutical, Food & Beverages, Pulp & Paper, Oil & gas, Water & Wastewater, Chemicals, and Others.

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Market Taxonomy

By Instrument Field Instrument Control Valve Analytical Instrument

By Solution PLC DCS SCADA HMI Safety Automation APC MES

By Industry Pharmaceutical Food & Beverages Pulp & Paper Oil & gas Water & Wastewater Chemicals Others

By Region North America Latin America Europe Asia Pacific Middle East & Africa

About Us:

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chanagerskov21 · 6 months

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Reworking Engineering Training: Delft University Of Technology

After concerning COVID-19 variants and the outbreak of the Russia-Ukraine conflict set the yr off to a rough start, business leaders decided the time was proper to reconnect. Accordingly, journey grew roughly twofold from the start to the tip of the yr (figure 1). Spend across the United States and Europe is expected to shoot to 57% of 2019 levels within the first half of 2023, and surge to nearly three-quarters of the prepandemic mark by the end of the 12 months. As professionals have began to place more trips on their itineraries, many are encountering higher airfares and room charges. These pricing conditions match awkwardly both with travel buyers’ seemingly cautious financial approach and with many travel suppliers’ broadly reported staffing challenges and gradual infrastructure updates. We wish to make managing portfolios simpler for advisors and act as a sounding board for concepts. Not to say ours is right and what you are doing is wrong, however to grasp the variations and have discussions surrounding the rationales. We goal to keep this dialogue going quarterly, and this is not a one-and-done service. business has to spend cash up front (hiring, purchasing tools and uncooked supplies, paying subcontractors) while its clients pay later. The goal of sustainability is to create long-term stakeholder value by factoring social, economic and/or environmental impacts into strategic and operational choices. ESG measures are used to assess the robustness of a company’s governance mechanisms, and its ability to successfully manage its environmental and social impacts. Incorporating systematic ESG performance information alongside monetary evaluation provides higher perception into the general and long-term performance of the organisation. Technology demonstrations are exhibiting the potential for EVs to serve as a versatile load that may present reliable grid providers by combining smart house energy technology and centralized DER management. Analytics can dramatically cut back the cost and time needed to ensure distribution planners use validated fashions by making use of machine studying strategies to establish abnormalities. Data-driven analytics relies on safe connection and efficient data acquisition from all forms of gadgets already deployed, regardless of manufacturer, using standard protocols. This is best achieved utilizing secure gateways put in within the area which may be able to feeding each a real-time SCADA system and the info lake that supports analytics. On high of those operational enhancements, utilities also see digital transformation as a path to new enterprise fashions and income sources, together with supporting customer electrical car (EV) charging wants (49%) or providing EV charging stations themselves (45%). invoice factoring for technology companies Overall, scale will stay necessary and will profit bigger players who will proceed to dominate certain markets. Others will be compelled to specialize more than ever and make clear strategic selections. But for any of these technologies to have maximal impact, having the best data—and ensuring it can be accessed and shared across the enterprise—will be key. While banks have been building out information capabilities for years, the strain to derive insights to achieve a extra holistic view of shoppers has never been larger. There is a rising appetite among customers for real-time information about their funds, cash positions, buying and selling, and valuations. In addition, advances in open banking globally are progressively eroding what was as soon as conventional banks’ competitive edge. The first supply of green funding should come from the founders, i.e. a mixture of sweat fairness and personal borrowings. This can then be supplemented by some "love money" from friends and family members. The first external providers of green cash ($500K give or take a bit) are prone to be business angels (e.g. Vancouver Enterprise Forum's Angel Network) and/or seed capital funds (e.g. Western Technology Seed Investment Fund). To effectively deal with the forces outlined above, banks will doubtless have to make agility a fundamental attribute. Executives ought to be bold, decisive, and inventive, yet remain true to their identity as monetary intermediaries. Scale and diversification, greater regulatory oversight, and the will to shed low-yielding assets ought to drive further consolidation and M&A within the banking industry. See, I even used "SF" as a substitute of "sci-fi" like I usually do to bother the sci-fi geeks, as a outcome of Factoring Humanity is Very Very Serious SF. So, imaginative and intelligent guide, fascinating story, characters who are placeholders to make the plot occur.Set in the near future, the premise of Factoring Humanity is that Earth has been receiving radio signals from Alpha Centauri for a number of years now. No one has managed to decipher them but, however there is not a question that they were produced by intelligent minds. The Government of Canada has also committed to steer by example with its own operations. The Greening Government Strategy presents the government's commitments to undertake low-carbon mobility solutions, deploy supporting infrastructure in its services and modernize its fleets. The technique calls for at least 75% of new light-duty fleet car purchases to be zero-emission autos (ZEV) or hybrid electrical automobiles with the objective that the fleet is comprised of one hundred pc ZEVs by 2030. To understand bootstrapping, it's helpful to revisit and broaden on our earlier analogy of a locked field with built-in gloves.Footnote eleven This analogy was adequate to introduce the essential idea of homomorphic encryption, however in the end it's too simplistic.

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marketresearch99 · 6 months

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Industrial Revolution: SCADA Trends Shaping the Market in 2023

Supervisory Control and Data Acquisition (SCADA) systems have emerged as pivotal tools in managing and monitoring complex industrial processes across various sectors. As we stride into 2023, the SCADA market continues to evolve, driven by technological advancements, increasing automation, and the pressing need for efficient and secure data management in critical infrastructures.

Dynamic Growth and Market Dynamics:

The SCADA market has experienced substantial growth, owing to the rapid digital transformation and the integration of automation in industries such as energy, oil and gas, manufacturing, utilities, and transportation. SCADA systems play a vital role in supervising, controlling, and optimizing processes, enabling real-time data collection and analysis for informed decision-making.

Industries are increasingly adopting SCADA solutions to enhance operational efficiency, minimize downtime, ensure regulatory compliance, and improve overall safety and security in their operations. Furthermore, the growing adoption of IoT and cloud-based SCADA systems has expanded the capabilities of these systems, allowing remote monitoring and control of processes from anywhere.

Key Market Trends:

Integration with IoT and Cloud Computing: The convergence of SCADA with IoT technologies and cloud platforms enables greater scalability, flexibility, and accessibility. Cloud-based SCADA solutions offer remote access, real-time analytics, and cost-effective deployment options for organizations.

Cybersecurity and Resilience: As cyber threats continue to evolve, SCADA systems are focusing more on robust cybersecurity measures. Enhanced encryption, authentication protocols, and intrusion detection systems are being integrated into SCADA solutions to fortify defenses against cyber attacks.

Emphasis on Data Analytics: SCADA systems are incorporating advanced data analytics and visualization tools to derive meaningful insights from the vast volumes of data collected. Predictive maintenance, anomaly detection, and performance optimization are some of the benefits stemming from data analytics integration.

Industry-Specific Solutions: Tailored SCADA solutions catering to specific industry requirements are gaining prominence. Customization for sectors like water and wastewater management, power generation, and smart cities allows for optimized control and monitoring of industry-specific processes.

Challenges and Opportunities:

The SCADA market faces challenges related to cybersecurity vulnerabilities, interoperability issues, and the integration of legacy systems with modern SCADA technologies. Furthermore, the need for skilled professionals capable of managing and maintaining sophisticated SCADA systems remains a concern.

However, these challenges present opportunities for innovation and growth. Companies investing in developing secure, interoperable, and user-friendly SCADA solutions stand to gain a competitive edge. Additionally, collaborations to address cybersecurity threats, advancements in AI-driven automation, and the integration of edge computing offer avenues for expansion.

For More Info@ https://www.gmiresearch.com/report/scada-market/

Conclusion:

The SCADA market in 2023 stands at the nexus of technological innovation, offering critical solutions for industries reliant on efficient process monitoring and control. As industries continue to embrace automation and digitization, the demand for SCADA systems that provide real-time insights, enhanced security, and seamless integration with emerging technologies will soar.

Success in this dynamic market lies in the ability of SCADA solution providers to innovate, address cybersecurity concerns, and adapt to evolving industrial requirements. As SCADA systems become more sophisticated and integral to industrial operations, their role in ensuring efficiency, safety, and reliability in critical infrastructures will only become more pronounced in the years ahead.

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seozelenka · 4 months

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Industrial Alarm Management Application

#industrial reporting solution #industrial reporting software #industrial reports development company #reporting tool for industrial automation #reporting software for industrial automation #Scada reporting software #report generation in Scada #best reporting software #Scada report generation #best reporting tools #industrial automation reporting tool #reporting tool for Scada #web based reporting tools

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rohitpalan · 7 months

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Mapping the Trajectory: Smart Grid Technology Market Expansion Analysis

The global smart grid technology market is set to witness remarkable growth, with a robust compound annual growth rate (CAGR) of 19.6% projected between 2023 and 2033, according to a recent market analysis conducted by Future Market Insights (FMI). The study indicates that the market is positioned to capture a substantial market share, estimated to reach a staggering US$ 2.5 trillion by 2033. In 2023, the market is anticipated to attain a valuation of US$ 429 billion.

The adoption of smart grid technology is driven by several key factors contributing to its exponential growth. Chief among them is the enhanced electrical transmission efficiency, which not only regulates and optimizes electrical transmission but also results in faster restoration post outages and efficient damage analysis. Additionally, the technology’s smart mitigation of electrical losses and wastage is gaining prominence among grid authorities. Remote monitoring of meters further aids authorities in curbing electrical theft.

Get Sample Copy of this Report at: https://www.futuremarketinsights.com/reports/sample/rep-gb-17420

The intersection of higher energy consumption, rapid urbanization, efficient power supply, and power tracking systems is fundamentally reshaping the smart grid technology market landscape. Substantial investments in research and development aimed at materials utilization and energy conservation tools are fostering market growth. Collaborative efforts from governments, grid authorities, and power generation units are propelling the technological advancement of grid systems.

Key Players

ABB (Switzerland)

Siemens (Germany)

Schneider Electric (France)

S&C Electric Company (United States)

Eaton (Ireland)

GE (United States)

IBM (United States)

Wipro Limited (India)

Honeywell

Cisco (United States)

Aclara (United States)

Landis+Gyr (Switzerland)

Oracle

Itron

Key Highlights:

Projected CAGR of 19.6% for the smart grid technology market between 2023 and 2033.

Estimated market share of US$ 2.5 trillion by 2033, showcasing the rapid market expansion.

Anticipated market value of US$ 429 billion by the close of 2023.

Drivers and Opportunities:

The driving force behind the growth of the smart grid technology market lies in its enhanced electrical transmission efficiency, swift restoration post outages, and efficient damage analysis. The technology’s capability to mitigate electrical losses and wastage, coupled with remote monitoring, contributes significantly to its appeal.

Competition Analysis and Regional Trends:

As the smart grid technology market flourishes, numerous companies are vying to capture a share of this burgeoning sector. Competition among key players is expected to intensify as the market gains momentum.

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Key Segments Covered

By Software and Hardware Type:

Distribution Management System – DMS

Demand Response Management – DRM

Meter Data Management System – MDMS

Supervisory Control and Data Acquisition – SCADA

Smart Meter

Outrage Management System – OMS

By Sensors:

Voltage Sensors

Transformer Monitoring Sensors

Dynamic Line Rating Sensors

Home Area Network Sensors

By Communication Network:

Wide Area Network – WAN

Home Area Network – HAN

Key Regions Covered:

North America

United States

Canada

Latin America

Brazil

Mexico

Rest of Latin America

Europe

Germany

United Kingdom

France

Spain

Russia

Rest of Europe

Japan

Asia Pacific Excluding Japan

China

India

Malaysia

Singapore

Australia

Rest of Asia Pacific Excluding Japan (APEJ)

The Middle East and Africa

GCC Countries

Israel

South Africa

The Middle East and Africa (MEA)

#Smart Grid Technology Market

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globalinsightsservices · 2 months

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Power SCADA Market Is Expected To See Huge Growth Globally By 2033