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The SCADA market size is forecast to increase by USD 4.25 billion between 2022 and 2027, accelerating at a CAGR of 7.72%. Market growth hinges on factors like the growing adoption within the manufacturing sector, the rising significance of smart grid systems, and the imperative to minimize energy losses in metal, mining, and mineral industries. These elements collectively drive innovation, sustainability, and efficiency across various sectors. Manufacturers are increasingly embracing advanced technologies to enhance production processes, reduce waste, and optimize resource utilization. Simultaneously, the shift towards smart grid solutions underscores the industry's commitment to sustainable energy management and grid modernization. In metal, mining, and mineral sectors, the focus on energy conservation is driving the demand for innovative solutions aimed at minimizing losses and maximizing operational efficiency. These trends reflect a broader movement towards greener practices and technological advancements in industrial operations.
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The report includes a comprehensive outlook on the Market, offering forecasts for the industry segmented by End-User which comprises Oil and gas, Manufacturing, Power, Water and wastewater treatment, and Others. Additionally, it categorizes Type into Solutions and Services and covers Geography regions, including APAC, North America, Europe, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2017 to 2021, and future projections, all presented in terms of value in (USD billion) for each of the mentioned segments.
The market is driven by the demand for robust hardware and software solutions, coupled with comprehensive services for seamless integration and operation. The evolution of cloud computing technology enhances SCADA's scalability and accessibility, albeit posing challenges related to cyberattacks and security. Emerging trends like Wireless Sensor Networks (WSNs) and Compact Secondary Substations (CSS) optimize data collection and transmission, while the integration of Industry 4.0 solutions drives innovation. However, managing investment costs and addressing complexities in networked data communications remain key challenges in the SCADA market.
The global growth of the supervisory control and data acquisition market is being driven by its increasing adoption in the manufacturing industry. The demand for SCADA is on the rise in countries such as India, China, Taiwan, South Korea, Turkey, South Africa, Brazil, and Mexico due to their economic growth. As manufacturing hubs emerge in these regions, the demand for automation systems, including SCADA, is increasing.
Additionally, there is high demand for automobiles and manufacturing goods in these regions, which is leading to the development of end-user industries and a more complex supply chain. Although the lack of awareness about the cyber security standards can hinder the market, the adoption of mobile SCADA helps to reduce this complexity and improve the manufacturing process, which is expected to drive the growth of the supervisory control and data acquisition market in the forecast period.
The market is driven by a robust communication system that enables seamless data transfer and real-time monitoring across various sectors. Investment costs play a critical role in the adoption and deployment of SCADA solutions, influencing the selection of hardware, software, and services.Security is paramount, leading to a thriving Operational Technology Security Market catering to the protection of SCADA infrastructure against cyberattacks. Advanced features like Wireless Sensor Networks (WSNs) and Compact Secondary Substations (CSS) are integral to modern SCADA systems, offering flexibility and efficiency. Cloud-based solutions are gaining traction, leveraging cloud computing technology for scalable and agile SCADA deployments. Graphical user interfaces (GUIs) and networked data communications enhance usability and data management, while industries like power, pharmaceuticals, water and wastewater treatment, and chemical/petrochemical benefit significantly from SCADA's Industry 4.0 solutions.
The oil and gas segment was valued at USD 1.94 Billion in 2017 and continue to grow by 2021. Cloud-based SCADA systems are gaining popularity in the oil and gas industries. With the cloud-based SCADA, oil, and gas operators of all sizes have a flexible, scalable way to gain insights about their upstream assets without having to invest in on-premise SCADA. Some companies have started offering cloud-based solutions. Hence, such product launches can influence the growth of the supervisory control and data acquisition market during the forecast period.
APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market is expected to grow at a fast rate in APAC because of the investments and industrial developments in the region. Among the three regions, it is the fastest-growing region because of the presence of industries such as water and wastewater treatment, power, manufacturing, and oil and gas industries. The continuous exploration of oil and gas reserves in countries such as Thailand, China, and Indonesia is one of the major driving factors in increasing demand for SCADA systems in the region. Increasing population, rising urbanization, and growth in income levels of consumers in developing economies such as India and China have increased the demand for oil and gas. All the above factors contribute of the supervisory control and data acquisition market in the region.
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The Market is fragmented in nature. Some significant players include ABB Ltd.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
ALSTOM SA, Capula Ltd., Check Point Software Technologies Ltd., Elynx Technologies LLC, Emerson Electric Co., General Electric Co., Honeywell International Inc., Inductive Automation LLC, JFE Holdings Inc., Mitsubishi Electric Corp., OMRON Corp., Ovak Technologies LLC, Radiflow, Rockwell Automation Inc., Schneider Electric SE, TOSHIBA CORP, Yokogawa Electric Corp., Siemens AG, and Hitachi Ltd.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments
The market is witnessing significant growth driven by advancements in hardware components like Remote Terminal Units (RTUs), Programmable Logic Controllers (PLCs), and Human Machine Interfaces (HMIs). These technologies form the backbone of SCADA systems, enabling efficient communication across various industries. Integration with cloud computing technology further enhances scalability and accessibility, although it also introduces concerns like cyberattacks that necessitate robust cybersecurity measures. SCADA solutions are instrumental in managing critical infrastructure components like tanks, compressors, generators, and separators within automated systems. The adoption of Wireless Sensor Networks (WSNs) further enhances flexibility and real-time monitoring capabilities in SCADA applications. Overall, the SCADA market is driven by the need for Compact Secondary Substations (CSS) and advanced automation technologies to streamline operations, reduce downtime, and ensure optimal performance across various industrial sectors.
Moreover, the convergence of Industry 4.0 initiatives, Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML) is revolutionizing SCADA, leading to the rise of Industrial IoT (IIoT) and real-time data analytics. This transformation is particularly impactful in sectors like the power industry, pharmaceuticals, water treatment, and chemical/petrochemical industries, where SCADA systems optimize warehouse management, field visibility, automation, and manufacturing processes. The market landscape depends on PCs, Pharmaceuticals industry, Water and wastewater treatment industry, Chemical and petrochemical industry, Remote terminal units (RTU), Wireless sensor networks (WSN) Wireless sensor networks (WSNs), field devices, and industrial mobility solutions are enhancing operational efficiency, while data visualization tools provide actionable insights for informed decision-making. Despite these advancements, cyber threats remain a concern, necessitating continuous investment in operational technology security. With players like Orca Security and Temasek driving innovation, the SCADA market is poised for further growth as industries embrace Industry 4.0 solutions and automation technologies to ensure food safety, energy efficiency, and streamlined industrial processes.
Furthermore, the market is rapidly evolving with advancements in Human Machine Interface (HMI), Remote Terminal Unit (RTU), and Programmable Logic Controller (PLC) technologies. These components, along with robust communication systems, form the core of SCADA solutions. The market is witnessing increased adoption driven by the growing demand for Industrial Internet of Things (IIoT) integration, enabling enhanced monitoring and control capabilities across various sectors such as the pharmaceuticals, water and wastewater treatment, and chemical/petrochemical industries. Investment in SCADA systems is crucial due to the complexity of machine technology involved and the need for operational technology security measures to mitigate cyber threats. Graphical user interfaces (GUIs) and networked data communications facilitate seamless data visualization and transfer, optimizing operational efficiency in manufacturing industries and the food and beverage segment.
Market Scope |
|
Report Coverage |
Details |
Page number |
180 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.72% |
Market growth 2023-2027 |
USD 4.2 Billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.43 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 43% |
Key countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., ALSTOM SA, Capula Ltd., Check Point Software Technologies Ltd., Elynx Technologies LLC, Emerson Electric Co., General Electric Co., Honeywell International Inc., Inductive Automation LLC, JFE Holdings Inc., Mitsubishi Electric Corp., OMRON Corp., Ovak Technologies LLC, Radiflow, Rockwell Automation Inc., Schneider Electric SE, TOSHIBA CORP, Yokogawa Electric Corp., Siemens AG, and Hitachi Ltd. |
Market dynamics |
Parent market analysis, market research and growth, market growth and forecasting, market growth analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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