SCADA Market Size
SCADA Market Overview
SCADA i.e., Supervisory Control and Data Acquisition is a supervisory and a control system which is used to analyze, monitor and store the real time data of the scattered assets. It has a control framework which uses the data communication networks, graphical user interfaces and personal computers in order to obtain the real-time data from areas which are isolated.
SCADA systems ate integrated in various industries like telecom & IT, electric gas & utilities, manufacturing and similar other sectors for the supervisory process management. These systems collect the real-time data of the assets and also analyzes, monitors and processes it either locally or from any remote location.
SCADA systems redirects the power from one place to other thus becoming one of the main reasons for its increasing demand in the market. It is one of the most adopted systems due to its processing automation, data analysis, efficiency and its downtime.
COVID-19 has impacted almost all the industries across the globe by disrupting the supply chains and destructing operations of various industries. Due to this, various industry operations came to an halt. The responsive measures like social distancing, imposing lockdowns taken by the government to avoid the spread of the virus, led various processing and manufacturing plants to shut in very initial phases. As very few industrial operations were allowed, there was a significant decline in the demand for various products in the industry. As all these factors seem to imperatively affect the SCADA market, very few SCADA systems were deployed by the industries. Hence the market also faced a decline in the ongoing crisis.
SCADA Market Dynamics
The growth of the SCADA market is mostly driven by its high demand for the industrial mobility solutions for efficiently managing the process industry coupled with the growing adoption of the Industry 4.0 solutions which make use of the SCADA systems and the use of the software platforms like artificial intelligence and IoT.
SCADA Market Drivers
- Growing adoption of Industry 4.0 in both process industries and manufacturing
- Escalating demand for artificial intelligence (AI) and IoT in various industrial applications
- Rapid boost for industrial mobility solutions for effective management in process industries
SCADA Market Restraints
- Large capital investment for maintenance and installation of SCADA systems
- High risk of cyber attacks
SCADA Market Opportunities
- Increasing importance of remote operating requirements due to COVID-19 pandemic
- Growth of big data analytics
SCADA Market Segmental Analysis
Global SCADA Market is segmented by offering, deployment, end user and region.
SCADA Market, By Offering
Services segment dominated the global SCADA market in 2021
By offering, the global SCADA market is segmented into software, services and hardware. The services market is further segmented into professional services and managed services, whereas, the hardware market is sub-segmented into remote terminal unit (RTU), human machine interface (HMI), communication system, programmable logic controller (PLC) and others.
The services segment dominated the SCADA market in 2021. Various industries in the Europe and North America have already integrated SCADA systems and hence there are very few opportunities for the new system implementations in these regions. Once the installation is done, the organizations need maintenance and the required modifications throughout the life of these SCADA systems. Thus, the continuous requirement of the modifications and other services, makes this segment dominant over others.
SCADA Market, By End User
Oil & gas industry accounted for the largest share of the global SCADA market in 2021
By end user the global SCADA system is segmented into food & beverages, chemicals, oil & gas, pharmaceuticals, automotive, semiconductor & electronics, transportation, power, telecommunications, water & wastewater, others. Oil & gas industry dominated the global SCADA market in 2021, which is followed by the chemicals and pharmaceuticals industry.
The rate of adoption of the SCADA systems is high in these industries. There is a continuously rising pressure of the manufacturers of the factories to optimize the production process and the overall cost. The growing demand for the real-time visibility of various complex operations in the industries like chemicals, oil & gas, pharmaceuticals and others is expected to boost the growth of the SCADA systems in these sectors.
SCADA Market Regional Analysis
Asia Pacific dominated the global SCADA market in 2021
Asia Pacific region dominated the global SCADA market in 2021 and is also expected to register the fastest growth rate during the forecast period of 2022 to 2029. Asia Pacific being the largest production hub of the automation technologies, there is a huge presence of the key players like OMRON, Mitsubishi Electric, Yokogawa Electric and similar in this region. Also, the smart grids, renewable energy, transportation sectors and water & wastewater industries are expected to drive the revenue for SCADA systems in this region.
Rising necessities of the automation in order to get high quality products in the Asia Pacific region along with the increased production rate is expected to contribute to the growth of this region.
Apart from this, North America is also expected to hold a significant share pf the global SCADA market in the upcoming years. The easy availability of various advanced solutions and the rapidly developing technologies in North America are some of the crucial factors for the growth of this region.
SCADA Key Market Players
Some of the key players of the global SCADA market include Mitsubishi Electric, Schneider Electric, Rockwell Automation, General Electric, Emerson Electric, Siemens, Yokogawa Electric, Honeywell International, ABB Ltd., Eaton Corporation plc, Alstom SA, OMRON Corporation, Hitachi, Ltd., IBM Corporation, Pilz GmbH & Co. KG, Valmet amongst others.
SCADA Market Scope
|Market Size in 2021||USD 9.43 billion|
|Market Size in 2029||USD 18.99 billion|
|CAGR (%)||9.2% from 2022 to 2029|
|Historic Period||2018 – 2020|
|Forecast Period||2022 – 2029|
|Segments Covered||Offering, Deployment, End User|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Key Companies Profiled||Mitsubishi Electric, Schneider Electric, Rockwell Automation, General Electric, Emerson Electric, Siemens, Yokogawa Electric, Honeywell International, ABB Ltd., Eaton Corporation plc, Alstom SA, OMRON Corporation, Hitachi, Ltd., IBM Corporation, Pilz GmbH & Co. KG, Valme and others|
Global SCADA Market Segmentation
Global SCADA Market: By Offering
- Professional Services
- Managed Services
- Remote Terminal Unit (RTU)
- Human Machine Interface (HMI)
- Communication System
- Programmable Logic Controller (PLC)
Global SCADA Market: By Deployment
Global SCADA Market: By End User
- Food & beverages
- Oil & gas
- Semiconductor & Electronics
- Water & wastewater
Global SCADA Market: By Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa