The worldwide Electric Power SCADA market will grow at a compound annual growth rate (CAGR) of 9.3 percent from 2009 through 2014. A new report published by ARC Advisory Group projects this substantial growth will result from a confluence of new technology and worldwide infrastructure spending fueled by sovereign investment programs. These sovereign investment programs are focused on the expansion of grid capacity in emerging markets, plus upgrading of aging transmission and distribution infrastructure, and improvement of reliability and efficiency.
The expansion and modernization efforts in China and India, and the Smart Grid initiative in the United States will provide the stimulus for exceptional growth in worldwide SCADA sales to the electric power industry. These concurrent sovereign investment programs have the common goal of increased grid efficiency and responsiveness. Modern SCADA systems support these goals by enabling improved control and monitoring while serving as the backbone for energy management, distribution management, and smart grid initiatives, according to Clint Reiser, Enterprise Software Analyst, and the principal author of the new report entitled SCADA Systems for the Electric Power Industry Worldwide Outlook.
Emerging Market Investments
China, India, and several Middle Eastern countries are allocating substantial amounts of capital to electric power grid expansion and modernization projects. China is in the midst of a large-scale, nationwide grid extension and modernization project. The focus of this effort has evolved along with the urbanization of China. What began as an effort to supply electricity to the majority of the country s population has gradually shifted focus toward grid modernization and efficiency. In 2010, Chinese government and industry leaders have stated that a unified strong and smart grid system is going to be built across the country by 2020. SCADA sales will increase as a fraction of grid investment in China with this shift in focus toward additional grid intelligence, efficiency, and overall unification and modernization.
The expansion and modernization efforts in China and India, and the Smart Grid initiative in the United States will provide the stimulus for exceptional growth in worldwide SCADA sales to the electric power industry. These concurrent sovereign investment programs have the common goal of increased grid efficiency and responsiveness. Modern SCADA systems support these goals by enabling improved control and monitoring while serving as the backbone for energy management, distribution management, and smart grid initiatives, according to Clint Reiser, Enterprise Software Analyst, and the principal author of the new report entitled SCADA Systems for the Electric Power Industry Worldwide Outlook.
Emerging Market Investments
China, India, and several Middle Eastern countries are allocating substantial amounts of capital to electric power grid expansion and modernization projects. China is in the midst of a large-scale, nationwide grid extension and modernization project. The focus of this effort has evolved along with the urbanization of China. What began as an effort to supply electricity to the majority of the country s population has gradually shifted focus toward grid modernization and efficiency. In 2010, Chinese government and industry leaders have stated that a unified strong and smart grid system is going to be built across the country by 2020. SCADA sales will increase as a fraction of grid investment in China with this shift in focus toward additional grid intelligence, efficiency, and overall unification and modernization.
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