The global SCADA alarm management market reached a valuation of US$ 475 million in the year 2022. With a robust CAGR of 12.1% from 2023 to 2033, this market is anticipated to reach US$ 532.48 million by 2023 and around US$ 1.6 billion by 2033.
Some businesses are just unable to run on a 9 to 5 schedule. A flawless uptime is required, especially if these businesses are in charge of offering crucial services like electric power production, water and sewage programs, manufacturing, and transportation control.
Thus, even when the firm facility shuts at 5 o'clock, the staff must still have access to and supervision over any mission-critical equipment. If a business doesn't have a NOC on duty around-the-clock to keep an eye on things, a designated technician will need to be on call to be alerted and respond to problems that could arise after business hours. SCADA (Supervisory Control and Data Acquisition) systems are useful in this situation. These solutions will provide businesses with the means to keep track of and maintain network uptime from any location, at any time.
Preventive maintenance procedures are part of proactive maintenance, which enables firms to address failures' underlying causes and reduce downtime brought on by underlying equipment issues. Proactive maintenance's major objective is to be able to foresee machine issues and fix them before they occur. In the end, they will assist your business in identifying undiscovered inefficiencies. Only carrying out maintenance when essential is made feasible by a SCADA system. Instead of waiting for a problem to arise, this enables diverse areas of an organization to execute maintenance in a more organized manner. Such benefits of the SCADA alarm management systems will accelerate its growth during the forecast period.
It is possible to assign alarms or groups of alerts a priority in all SCADA alarm software packages, and at least one system supports the hierarchical categorization of alarms. All of these approaches have the flaw of oversimplifying the dependence issue. These very simplified classifications do not accurately describe how to plant machinery and procedures work. An alert may be relevant in one situation but not in another for a variety of reasons. Examples of the information that must be taken into account for each alarm include:
Innovation is only key to new developments for the key players in the global alarm management market during the forecast period. For example, Every new application in VTScada comes with pre-configured databases that can handle an infinite number of process alerts and events because of the integrated nature of the software. Additionally, the default VTScada Alarm Page offers a very user-friendly interface for managing alarms. No matter how frequently you grow your application or upgrade VTScada, this method shortens the integration process and guarantees that your system's mission-critical alarm features will stay closely linked throughout its lifetime.
Furthermore, with the help of ETAP's intelligent system alerting, it is possible to anticipate network faults and announce alerts in response to changing operational circumstances and statuses. The platform can process hundreds of thousands of alerts and system-wide events per minute at high throughput. System information changes are graphically displayed and recorded. Key operators receive alerts via email and text messages.
| Data Points | Key Statistics |
|---|---|
| Expected Market value in 2023 | US$ 532.48 Million |
| Expected Market value in 2033 | US$ 1.6 Billion |
| Growth Rate (2023 to 2033) | 12.1% CAGR |
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.
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The modern pipelines and distribution systems have become more complex in nature. Today, the total length of pipelines amounts to 2.76 Million 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.
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.
Principal Consultant
USA 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, USA 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 USA focus on innovations to keep pace with the latest advancements in the market.
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.
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Some of the leading vendors offering SCADA alarm management products include
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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SCADA Alarm Management Market
