According to a new report, rapid large-scale adoption of smart grid technology across the globe has boosted the growth of the global SCADA market in the past years.The Global SCADA Market in Process Industries 2016-2020 report, compiled by Research and Markets, notes that SCADA systems help in the proper measurement and monitoring of the amount of electricity consumed on different lines, flows, feed-in power with the help of data gathered from sensors and smart meters integrated within smart grids.
The analysis of this data allows automatic execution of decisions regarding optimisation of grid operations.
The report states that geographically, smart grids have also made inroads in Southeast Asian economies such as Singapore, the Philippines, and Thailand in the past few years. The report states that private energy utility companies as well as government bodies in these countries will exhibit increased demand for SCADA solutions for integration with smart grids.
A major factor expected to have a positive effect on the market’s overall development is the rising popularity of SCADA-as-a-service. Analysts suggest that not only end users but solution providers can also achieve significant reduction in costs, greater flexibility, and enhanced functionality by switching to the cloud platform.
Moreover, cloud-based solutions can reduce end-use costs by up to 80% as compared to conventional SCADA deployment platforms in the process industry over the report’s forecast period, states the report.
Utilities deploying SCADA
In related news, US utility cooperative Barc Electric partnered with advanced distribution management systems (ADMS) provider Survalent to improve the operation of its grid network.
The utility integrated Survalent’s SCADA technology, Survalent ONE, into its grid network to increase the reliability of its grid through easy access to real-time grid data.
Barc Electric will use the new technology to access data from multiple grid applications and sensors via a single dashboard and mobile applications.
In a press statement, the utility cooperative said its new technology will enable it to improve customer service to its 13,000 consumers through reductions in incidents such as power outages.