SCADA Market
The SCADA Market is expected to reach USD 14,145 million by 2027, growing at a CAGR of 7.1% over the forecast period (2020-2027).
The factors driving the growth of SCADA Market includes rising application of supervisory control and data acquisition (SCADA) systems for monitoring production flow and collecting and processing real time data, growing deployment of SCADA systems in smart cities and increase in the number of smart buildings around the world. Moreover, rising application of software platforms such as Artificial Intelligence (AI), Internet of Things (IoT) and Big Data Analytics, technological advancements in supervisory control and data acquisition systems and increasing installation of automated and connected process & control systems, are some of the additional factors supplementing the SCADA Market size. In addition, the increasing investments by leading players on research and development, rapid urbanization, rising disposable incomes and growing population growth rates, are further propelling the SCADA Market Growth.
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However, growth of the SCADA Market is hindered attributed to high investments required for installing SCADA systems.
The prominent players operating in the market are Yokogawa Electric Corporation, Schneider Electric SE, General Electric, ABB Group, Siemens AG, Rockwell Automation, Inc., Omron Corporation, Honeywell International Inc., Mitsubishi Electric Corporation, Emerson Electric Co., Willowglen Systems Inc., and Progea, among others.
Based on Component, the Remote Terminal Unit (RTU) segment is predicted to grow at a significant CAGR during the forecast period
Increasing application of remote terminal units at freshwater reservoirs and onshore oil & gas and growing demand for cost-effective monitoring solutions, are some of the factors responsible for the segment’s growth.
Based on Industry, the Water & Wastewater segment is projected to expand at a robust CAGR over the forecast period
As per the SCADA Market Analysis, supervisory control and data acquisition systems monitors and control of the water flow and reservoir levels and reduces the operating costs in the wastewater industry, are propelling SCADA Market share.
Based on Region, the Asia-Pacific region is anticipated to grow at a remarkable CAGR during the forecast period
According to the SCADA Market Report, presence of the leading players such as Omron Corporation, Mitsubishi Electric Corporation and Yokogawa Electric, rise in the number of smart cities, technological advancements in SCADA systems, and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.
Key Developments
- In Jun 2019, ABB introduced MicroSCADA X and SDA500 at the International Conference and Exhibition on Electricity Distribution (CRIED) in Spain. MicroSCADA X is a power and automation control solution, with a next-generation human-machine interface (HMI) and SDA500 and a remote terminal unit (RTU)-based smart control cabinet.
- In May 2018, Schneider Electric partnered with Temasek to buy Larsen & Toubro’s Electrical & Automation business unit for USD 2.8 billion and combine it with its Low Voltage & Industrial Automation Products business in India.
- In Jul 2017, ABB completed the acquisition of Bernecker+Rainer Industrie-Elektronik GmbH (B&R), an innovative leader in PLCs, industrial PCs, and servo motion-based machine and factory automation, a product- and software-based, open-architecture solutions for machine and factory automation provider. This acquisition will strengthen ABB’s position in the industrial automation industry.
Market Segmentation
Segmentation by Component
- Human–Machine Interface (HMI)
- Remote Terminal Unit (RTU)
- Programmable Logic Controller (PLC)
- Communication System
- Wired Communication System
- Wireless Communication System
- Others
Segmentation by Architecture
- Hardware
- Software
- Services
Segmentation by Industry
- Oil & Gas
- Power
- Water & Wastewater
- Transportation
- Traffic Signals
- Mass Transit Systems and Railway Traction Systems
- Telecommunications
- Pharmaceuticals
- Chemicals
- Manufacturing
- Food & Beverages
- Others
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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