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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