Vietnam Supervisory Control and Data Acquisition Market to grow at a Significant Rate through 2026
Preference for industrial
mobility and integration with mobile devices is expected to drive the demand
for Vietnam supervisory control and data acquisition market in forecast period.
According to TechSci Research report, “Vietnam
Supervisory Control and Data Acquisition Market By Offering (Hardware,
Software, and Services) By Component (Remote Terminal Unit, Programmable Logic
Controllers, Human Machine Interface, Communication System) By Type (First
Generation, Second Generation, Third Generation, Fourth Generation) By
Application (Manufacturing, Energy & Utility, Oil & Gas, Chemical &
Petrochemicals, Transportation, Telecom and Others) By Company, By Region,
Forecast & Opportunities, 2026”, Vietnam supervisory control and data
acquisition market is expected to witness steady growth in the next five years
owing to increase in operational awareness to minimize errors with the help of
GUIs and presentation of data. Supervisory control and data acquisition in an
organization is mainly for providing tools to organizations to collect data and
control from industrial equipment and assets. Increase in demand for
supervisory control and data acquisition by diverse end user industries such as
process industries, oil and gas, logistics and operations, energy and power and
water and waste control, among others. Processing of data to take smart
decisions and recording events into a log file helps in enhancing performance
of the machines. Supervisory control and data acquisition aids in providing
system issues to reduce the downtime and hence increase the production
capacity. Technological advancements to upgrade the existing infrastructure and
invention of new facilities is anticipated to boost the market demand in
Vietnam. Also, expansion of transportation sector and infrastructural
development for digital integration in electric grid, traffic control and water
supply are contributing to the Vietnam market growth. Government funding to
install the systems is influencing the demand of the product. Cost-effective
nature of installing supervisory control and data acquisition system is fueling
the demand in the forecast period, 2022-2026 in Vietnam. Integration of these
systems aids in generation of historical and real time data for taking informed
business decisions. Supervisory control and data acquisitions also provides
trends and opportunities for facilitating better performance from the
equipment. Installations of these systems allows managing of complex data
process easily. Increasing demand for better quality products is bolstering the
market demand in Vietnam. High-end foreign investments and growing preference
for automation in food-processing, furniture and other prominent industries is
fueling the market demand. Supervisory
control and data acquisition system improves the quality of service in addition
with minimal operational costs and ensuring employees safety in an
organization. Growing adoption of industry 4.0 by process industries is
attributing to the market growth.
However, high initial installation cost for
supervisory control and data acquisition integration with existing
infrastructure and cyber threats may hamper the market growth for the forecast
period.
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Vietnam supervisory control and data acquisition market
is segmented into offering,
component, type, application, region, and company. Based on component, Vietnam
market for supervisory control and data acquisition is categorised into remote
terminal unit, programmable logic controllers, human machine interface and communication
system. Programmable logic controllers are expected to hold major market share
and is expected to maintain its dominance throughout the forecast period on
account of its flexibility to operate even in difficult situations and its
unique design. They aid in maintaining plant safety, enhance operational
efficiency and reduce labour costs. Based on application, market is divided
into manufacturing, energy & utility, oil & gas, chemical &
petrochemicals, transportation, telecom, and others. Transportation segment is
expected to witness growth in the forecast period owing to growing investments
for technological developments and launch of new transportation projects in
Vietnam. Growth of the energy and utility sector is expected to influence the
supervisory control and data acquisition market in Vietnam on account on rising
implementation of grid automation in Vietnam.
Petrolec,
Yokogawa Vietnam, Estec Vina Co., Ltd, NIVUS GmbH, AIT Corp, Fultek, Schneider
Electric SE, Azbil Vietnam Co. Ltd., Toshiba Transmission & Distribution
Systems, AVIVA Vietnam are the leading players operating in Vietnam supervisory
control and data acquisition market. Manufacturers are increasingly focusing on
research and development process to fuel higher growth in the market. To meet
evolving customer demand with respect to better efficiency and durability,
several supervisory control and data acquisition service providers are coming
up with their technologically advanced offerings.
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“Adoption
of emerging technologies by key players such as big data analytics, industrial
internet of things, artificial intelligence is changing the dynamics of the
organization working process by implementation of digitalization to manage
operations. Investments to upgrade technologies and existing infrastructure to
enrich the experience and get insights to improve performance is expected to
drive the market growth till 2026” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based global management consulting firm.
“Vietnam Supervisory
Control and Data Acquisition Market By Offering (Hardware, Software, and
Services) By Component (Remote Terminal Unit, Programmable Logic Controllers,
Human Machine Interface, Communication System) By Type (First Generation,
Second Generation, Third Generation, Fourth Generation) By Application
(Manufacturing, Energy & Utility, Oil & Gas, Chemical &
Petrochemicals, Transportation, Telecom and Others) By Company, By Region,
Forecast & Opportunities, 2026” has
evaluated the future growth potential of Vietnam supervisory control and data
acquisition market and provided statistics & information on market size, shares,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the of Vietnam supervisory
control and data acquisition market.
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