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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%. In 2017, US held the largest market share, projecting an annual revenue of USD 1.7 billion.The report includes a comprehensive outlook on the SCADA 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.
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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 growth, 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 oil and gas segment was valued at USD 1,936.04 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 vendors 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 to the growth of the supervisory control and data acquisition market in the region.
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The SCADA 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 scada market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2027.
SCADA 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 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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