The 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.
Request a Sample of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-13301
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.
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.
Get In Touch With Our Team For 40% Flat Discount, Request Customization @
https://www.futuremarketinsights.com/customization-available/rep-gb-13301
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.
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.
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
Request Methodology @
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-13301
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
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
Check Related Links –
https://www.mioola.com/tanmayb45/post/53765432/
https://pastelink.net/8mk78lde
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs