What is the Historic and Current Scenario of the SCADA Market?
The scada market has seen considerable growth due to a variety of factors.
• The SCADA market size has seen robust growth in the past few years. It is expected to expand from a value of $12.45 billion in 2024 to about $13.22 billion in 2025, representing a compound annual growth rate (CAGR) of 6.2%.
The historical growth of this market can be linked to the demand for industrial automation, critical infrastructure oversight, enhancements in efficiency and productivity, adherence to regulatory compliance standards, and improved operational transparency.
What Will Be The SCADA Market Size In The Future?
The scada market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of scada is anticipated to experience a swift expansion in the coming years, eventually reaching a valuation of $19.91 billion by 2029; this equates to a compound annual growth rate (CAGR) of 10.8%.
This impressive growth in the projected period can be pegged to factors such as the integration with IoT and big data analytics, a focus on enhancing cybersecurity measures, growing renewable energy initiatives, development of smart city projects, and the increasing requirements for remote monitoring and control. In terms of future trends within the projected period, developments in mobile SCADA applications, a continued emphasis on open standards, further integration with renewable energy, expanded remote monitoring and control, and the need for improved water and wastewater management are expected to surface.
What Are The Essential Drivers Behind The Growth Of The SCADA Market?
The SCADA market's expansion is anticipated to be driven by the growth of the oil and gas sector. This industry sector involves all activities related to the extraction, refinement, distribution, and transportation of hydrocarbons, from oil rigs exploration to the final delivery to consumers. SCADA software plays a vital role in this process by controlling and monitoring pipelines and remotely measuring gas well production. It enhances field visibility for better asset management and improves safety by making the process more efficient. For example, the World Oil Outlook report by the OPEC, an Austrian oil-focused intergovernmental organization, predicted in October 2022 that global primary energy demand would increase by 23% by 2045. Additionally, global oil consumption is predicted to go up from approximately 97 million barrels per day (mb/d) in 2021 to roughly 110 million barrels per day (mb/d) in 2045, with an anticipated refining capacity of 15.5 million barrels per day (mb/d) from 2022 to 2045. Hence, the advancement of the oil and gas sector is foreseen to fuel the demand in the SCADA market.
What are the Market Segments in the SCADA Market?
The SCADA market covered in this report is segmented –
1) By Offering: Hardware, Software, Services
2) By Component: Programmable Logic Controller (PLC), Remote Terminal Unit (RTU), Human-Machine Interface (HMI), Communication System, Other Components
3) By Deployment: On-Premise, Cloud
4) By Application: Chemical And Pharmaceuticals, Food And Beverage, Manufacturing, Oil And Gas, Transportation, Utility, Water And Sewage
Subsegments:
1) By Hardware: Remote Terminal Units (RTUs), Programmable Logic Controllers (PLCs), Human-Machine Interface (HMI) Devices, Communication Equipment
2) By Software: SCADA Software Applications, Visualization Software, Data Management Software, Security Software
3) By Services: Consulting Services, Implementation Services, Maintenance And Support Services, Training Services
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What Trends are Shaping the SCADA Market?
The SCADA market is seeing a rising trend in product innovations, with leading businesses focusing on fresh and unique products to bolster their standing in the marketplace. For example, Emerson Electric Co., a U.S manufacturing firm specializing in engineering services and products for the industrial, commercial, and consumer sectors, launched an upgraded automation platform called Movicon.NExT 4.2 in October 2022. This platform provides a simple interface connecting to any field device, control or enterprise system thus supplying users and original equipment manufacturers with necessary data and insights for operational excellence. It's characterized by its speed, security, efficiency, superior performance, fast application development and improved connectivity.
Who Are the Key Players in the SCADA Market?
Major companies operating in the SCADA market include:
• Hitachi Ltd.
• Siemens AG
• General Electric Company
• International Business Machines Corporation
• Cisco Systems Inc.
• Mitsubishi Electric Corporation
• Schneider Electric SE
• Honeywell International Inc.
• Toshiba Corporation
• ABB Ltd
• Fuji Electric Co Ltd.
• Eaton Corporation plc
• Emerson Electric Company
• Rockwell Automation Inc.
• Omron Corporation
• Yokogawa Electric Corporation
• Advantech Co Ltd.
• Parametric Technology Corporation.
• Schweitzer Engineering Laboratories Inc.
• B&R Industrial Automation GmbH
• Wunderlich-Malec Engineering GmbH
• Inductive Automation LLC
• Tesco Controls LLC
• COPA-DATA GmbH
• NovaTech Automation Corporation
• Elynx Technologies LLC
• Intouch Insight
• Iconics Inc.
• Progea S.r.l.
• Trihedral Engineering Limited
• VTScada Systems Inc.
What are the Regional Insights into the SCADA Market?
Asia-Pacific was the largest region in the SCADA market in 2024. The regions covered in the scada market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
