SCADA refers to supervisory control and data acquisition. It is a control system architecture that uses networked data communications, computers and graphical user interface for superior level of processing for supervisory management. It can monitor, gather and process the real time data which is required by the organizations to maintain efficiency and make smarter decisions. Moreover, these systems are mostly utilized for automation in industries such as water and wastewater management, power, and oil & gas. Furthermore, it allows end-users to communicate directly with equipment Including valves, sensors, motors, and pumps using human-machine interface (HMI) software and store events into a log file. SCADA systems provide valuable assistance as a monitoring system in a cost-effective manner, consequently Increasing the firm's operational competence. The Increasing demand for industrial SCADA systems is basically driven by various key factors Ince these systems help to process data for wiser decisions, maintain efficiency, and notify system faults to help prevent downtime. The benefits of automated control systems over physically controlled procedures Include shorter process times, better convenience, and efficiency. In addition, it allows an organization to carefully study and anticipate the optimal response to measured conditions and execute those responses automatically every time. Furthermore, SCADA systems provide a centralized interface for monitoring and controlling multiple processes or devices from a single location. This allows operators to quickly and easily make changes or adjustments to the system as needed. By automating many of the tasks involved in monitoring and controlling large-scale operations, SCADA systems can help to improve efficiency and reduce the need for manual labor. For instance, the SCADA software system can immediately alert an operator if a batch of products has a high rate of faults. To determine the root of the problem, the operator pauses the process and employs an HMI to view the SCADA system information. When the operator checks the data, software helps to discovers that a particular machine is not functioning correctly. Thus, the SCADA helps prevent further product loss by informing the operator of the issues in the devices. Several industries now employ SCADA software to manage industrial processes actively, minimize outages, Increase efficiency, and assess past data. It has become the mainstay for various modern-day businesses, Including, manufacturing industry, food and beverage industry, oil and gas industry, and energy and power generation industry. Moreover, SCADA systems often Include remote access capabilities, allowing operators to monitor and control processes from anywhere with an internet connection. This can be particularly useful for monitoring and controlling remote or hard-to-reach equipment. Furthermore, the significant advantages of using SCADA software are Increasing work efficiency, reducing product losses, and quickly fixing any device errors in the line. The notable features of this system are alarm handling, generating reports and trends, and extracting past data to aid operators in making important decisions in business operations.
Increase in penetration of mobile SCADA system and surging trend of industry 4.0 across manufacturing and processing industries is boosting the growth of the global market. In addition, Rapid growth in utilization of cloud computing technology positively impacts growth of the SCADA market. However, huge investment costs for insertion and sustentation of SCADA systems and escalating cyberattacks in the industrial networks are hampering the market growth. On the contrary, Increasing advancements in wireless sensor networks is expected to offer remunerative opportunities for expansion of the SCADA market during the forecast period.
The supervisory control and data acquisition (SCADA) market is segmented on the basis of offering, component, deployment type, application, and region. On the basis of offering, the market is categorized into hardware, software and services. On the basis of component, the market is fragmented into human machine interface (HMI), remote terminal unit (RTU), programmable logic controller (PLC), communication system, and others. By end-user, it is classified into process industries, discrete manufacturing, and utilities. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the supervisory control and data acquisition (SCADA) market are ABB Ltd., Alstom SA, Emerson Electric Co., Hitachi Ltd., Honeywell International Inc., IBM Corporation, Rockwell Automation Inc., Schneider Electric SE, JFE Engineering Corporation, and Mitsubishi Electric Corporation. These players have adopted various strategies to Increase their market penetration and strengthen their position in the industry.
Increase in penetration of mobile SCADA system and surging trend of industry 4.0 across manufacturing and processing industries is boosting the growth of the global market. In addition, Rapid growth in utilization of cloud computing technology positively impacts growth of the SCADA market. However, huge investment costs for insertion and sustentation of SCADA systems and escalating cyberattacks in the industrial networks are hampering the market growth. On the contrary, Increasing advancements in wireless sensor networks is expected to offer remunerative opportunities for expansion of the SCADA market during the forecast period.
The supervisory control and data acquisition (SCADA) market is segmented on the basis of offering, component, deployment type, application, and region. On the basis of offering, the market is categorized into hardware, software and services. On the basis of component, the market is fragmented into human machine interface (HMI), remote terminal unit (RTU), programmable logic controller (PLC), communication system, and others. By end-user, it is classified into process industries, discrete manufacturing, and utilities. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the supervisory control and data acquisition (SCADA) market are ABB Ltd., Alstom SA, Emerson Electric Co., Hitachi Ltd., Honeywell International Inc., IBM Corporation, Rockwell Automation Inc., Schneider Electric SE, JFE Engineering Corporation, and Mitsubishi Electric Corporation. These players have adopted various strategies to Increase their market penetration and strengthen their position in the industry.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global supervisory control and data acquisition (SCADA) market forecast along with the current and future trends to explain the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on global supervisory control and data acquisition (SCADA) market trend is provided in the report.
- The Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the market from 2023 to 2032 is provided to determine the market potential.
Key Market Segments
By End User
- Discrete Manufacturing
- Process Industries
- Utilities
By Offering
- Hardware
- Software
- Services
By Component
- Human Machine Interface (HMI)
- Remote Terminal Unit (RTU)
- Programmable Logic Controller (PLC)
- Communication System
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Hitachi, Ltd.
- Honeywell International Inc.
- Emerson Electric Company
- Schneider Electric SE
- ABB
- Mitsubishi Electric Corporation
- Rockwell Automation Inc.
- Alstom SA
- International Business Machines Corporation
- JFE Engineering Corporation
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Table of Contents
CHAPTER 1. INTRODUCTION
CHAPTER 2. EXECUTIVE SUMMARY
CHAPTER 3. MARKET OVERVIEW
CHAPTER 4. GLOBAL SCADA MARKET BY COMPONENTS
CHAPTER 5. GLOBAL SCADA MARKET BY APPLICATION
CHAPTER 6. GLOBAL SCADA MARKET BY ARCHITECTURE
CHAPTER 7. GLOBAL SCADA MARKET BY GEOGRAPHY
CHAPTER 8. COMPANY PROFILES
Executive Summary
According to a new report, titled, 'Supervisory Control and Data Acquisition (SCADA) Market,' The supervisory control and data acquisition (scada) market was valued at $9.5 billion in 2022, and is estimated to reach $26.6 billion by 2032, growing at a CAGR of 11.2% from 2023 to 2032.Supervisory control and data acquisition (SCADA) systems are widely used in various industries to monitor and control large-scale operations. These systems are essential for managing complex processes and ensuring the smooth operation of critical infrastructure. SCADA systems are used to monitor and control industrial processes, such as those found in water and wastewater treatment plants, power plants, and factories. In this article, we will see the advantages and disadvantages of SCADA in detail.
Key factors driving the growth of the supervisory control and data acquisition (scada) market include Increase in penetration of mobile SCADA system, surge in integration of government initiatives in security standards, and rapid growth in utilization of cloud computing technology. Rapid augmentation in the adoption of cloud computing technology drives the growth of this market. Cloud computing technology gives users access to storage, files, software, and servers through internet-connected devices such as computers, smartphones, tablets, and wearables. Cloud computing providers store and process data in a location dissimilar from end users. Various companies are using cloud computing to achieve high business value, and in this context, SCADA plays a pivotal role to remotely monitor and control network, allowing greater automation. Hence, this factor acts as a key factor for expanding the market growth.
Moreover, the surge in adoption of infrastructure as a service (IaaS) solutions helps companies to utilize cloud computing technology in a more effective way, which in turn, aids the growth of SCADA market. Infrastructure as a service (IaaS) offers consumers pay-as-you-go access to basic computers, network, and storage resources on demand over the internet. Companies may reduce expenses by using pay-per-use cloud infrastructure instead of purchasing, administering, and maintaining IT infrastructure. IaaS is included with the majority of the main cloud service providers, such as Amazon Web Services (AWS), Google Cloud, IBM Cloud, and Microsoft Azure. Furthermore, cloud computing can support SCADA in two ways: (i) through direct communication with the control network and information delivery to the cloud for storage and dissemination, and (ii), connecting SCADA application to the control network remotely and fully cloud-based. Hence, the rise in integration of cloud computing plays a pivotal role in SCADA solutions as it improves security for the SCADA operators, as well as provides encrypted information, which in turn, is expected to augment the market growth during the forecast period.
The market also offers growth opportunities to the key players in the market. The developments of Wireless Sensor Networks (WSN) has escalated the growth of this market. WSN-based SCADA solutions such as IP-based SCADA systems provides an opportunity for the growth of this market. Internet Protocol (IP) may be used on almost any physical medium and is one of the key factors contributing to the immense success of IP-based SCADA systems. Data transmission to the central monitoring site in sophisticated SCADA architectures involves a range of wired and wireless media and protocols. As a result, robust IP-based SCADA networks can be implemented through a combination of cellular, satellite, and landline technologies. Furthermore, IP-based SCADA systems use WAN protocols such as the Internet Protocol for communication between the central station and communications equipment. Moreover, disaster resilience is a benefit that comes with the dissemination of SCADA functions over a WAN. It is also possible to develop SCADA system that may persist a complete loss at any one location by dispersing the processing among spatially distinct locations. Hence, these aforementioned factors provide a large window for the growth of the global market.
The supervisory control and data acquisition (scada) market is segmented into on the basis of offering, component, application, and region. On the basis of offering, the market is categorized into hardware, software and services. On the basis of component, the market is fragmented into human machine interface (HMI), remote terminal unit (RTU), programmable logic controller (PLC), communication system, and others. By end-user, it is classified into process industries, discrete manufacturing, and utilities. Region wise, it is analyzed across North America (the U.S., Canada), Europe (the UK, Germany, France, Spain, Italy, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).
The key players profiled in the study include ABB Ltd., Alstom SA, Emerson Electric Co., Hitachi Ltd., Honeywell International Inc., IBM Corporation, Rockwell Automation Inc., Schneider Electric SE, JFE Engineering Corporation, and Mitsubishi Electric Corporation. The players in the market have been actively engaged in the adoption various strategies such as acquisition, and partnership to remain competitive and gain advantage over the competitors in the market. For instance, in December 2022, JFE engineering corporation signed an agreement with NextChem, a Maire Tecnimont Group subisdiary. The agreement intends to jointly develop a model for producing innovative fuels, hydrogen, fertilizers, and low-carbon chemical goods using garbage as a resource. This strategic move will help JFE to improve their plant technology.
Key Market Insights
- By offering, the hardware segment was the highest revenue contributor to the market, and is estimated to reach $11,129.86 million by 2032, with a CAGR of 9.2%. However, the software segment is estimated to be the fastest growing segment with the CAGR of 13.8% during the forecast period.
- By component, the remote terminal unit (RTU) segment dominated the global market, and is estimated to reach $4695.57 million by 2032, with a CAGR of 10.4%. However, the communication system segment is expected to be the fastest growing segment with the CAGR 14.6% during the supervisory control and data acquisition (SCADA) Market Forecast.
- Based on region, Asia-Pacific was the highest revenue contributor, accounting for $3351.75 million in 2022, and is estimated to reach $11,173.74 million by 2032, with a CAGR of 13.1%.
Companies Mentioned
- Hitachi, Ltd.
- Honeywell International Inc.
- Emerson Electric Company
- Schneider Electric SE
- ABB
- Mitsubishi Electric Corporation
- Rockwell Automation Inc.
- Alstom SA
- International Business Machines Corporation
- JFE Engineering Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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