In the upcoming years, the global supervisory control and data acquisition (SCADA) market is expected to develop considerably. The expanding demand for trustworthy and effective monitoring and control of important industrial processes and infrastructure develops this. Various industries, such as oil water and wastewater, and gas, power, and manufacturing highly rely on the supervisory control and data acquisition (SCADA) systems. Certain important functions of supervisory control and data acquisition (SCADA) such as data acquisition, data presentation, and control, networked data communication have increase their demand in global market.
According to Data Bridge Market Research the Supervisory Control and Data Acquisition (SCADA) Market accounted for USD 9.30 billion in 2021, and expected to reach USD 17.34 billion by 2029. The market is expected to grow with a CAGR of 8.10% in the forecast period of 2022 to 2029.
“Growing demand of supervisory control and data acquisition (SCADA) in food and beverage industry is expected to drive the market growth”
The increasing demand for supervisory control and data acquisition (SCADA) in the food and beverage industry is one of the major factor which is expected to drive the growth of the supervisory control and data acquisition (SCADA) market during the forecast period. In the food and beverage industry, the supervisory control and data acquisition (SCADA) is used for in various tasks such as maintaining quality standards, visualizing production, creating reports, and packaging. It improves food quality and safety while reducing product waste and providing improved integration, traceability, greater alarming capabilities, predictive and preventative maintenance. The continuously growing demand for the food and beverage across the globe will lead to a surge in the use of supervisory control and data acquisition (SCADA) and boost the market growth.
What restraints the growth of supervisory control and data acquisition (SCADA) market?
“Rising threat of cyberattacks”
One of the most important concerns during developing a sensor-based network to control and monitor critical infrastructures is cyberattacks. Supervisory control and data acquisition (SCADA) are susceptible to cyberattacks since they are made up of mainframe computers, network of sensors, storage systems, and communications systems. By combining physical operations and logical processes, supervisory control and data acquisition (SCADA) systems manage the operational aspects of infrastructure. Thus, the increasing threat of cyberattacks is limiting factor for the growth of market during the forecast period.
Segmentation: Supervisory Control and Data Acquisition (SCADA) Market
The supervisory control and data acquisition (SCADA) market is segmented on the basis of offering, component, deployment type and end user.
- On the basis of offering, the market is segmented into hardware, software, services.
- On the basis of component, the market is segmented into human-machine interface, remote terminal unit, programmable logic controller, communication system, others.
- On the basis of deployment type, the market is segmented into on-premise, cloud.
- On the basis of end user, the market is segmented into process industry, discrete manufacturing, and utilities.
Regional Insights: Asia-Pacific is expected to dominate the supervisory control and data acquisition (SCADA) market
Asia-Pacific is expected to dominate the market and grow significantly because of the high manufacture of automation technologies in this region. Moreover, increasing government spending in smart city projects to improve wastewater management, energy efficiency in street lighting and traffic control will increase market size of supervisory control and data acquisition (SCADA).
In addition, Europe is likely to register the highest growth rate during the forecast period of 2022 to 2029 because of the increasing development of the manufacturing industry in this region. Moreover, increasing adoption of supervisory control and data acquisition (SCADA) system in the process industries will further boost the growth of the market in this region.
Recent Developments
- In 2020, Emerson Electric acquired Progea Group (Italy). With this acquisition, they allow the addition of Progea’s industrial analytics visualization and industrial internet of things (IIoT) capabilities to advance Emerson’s embedded software and control portfolio.
- In 2020, Schneider Electric developed the next-generation EcoStruxure Power. The technology is an IoT-enabled platform that improves, digitizes and simplifies electrical distribution systems to make them faster, smarter and safer.
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The Prominent Key Players Operating in the Supervisory Control and Data Acquisition (SCADA) Market Include:
- ABB (Switzerland)
- Schneider Electric (France)
- General Electric (U.S.)
- CAPULA LTD. (U.K.)
- Emerson Electric Co. (U.S.)
- Rockwell Automation. (U.S.)
- Siemens (Germany)
- OMRON corporation (Germany)
- Yokogawa Electric Corporation (Japan)
- WILLOWGLEN SYSTEMS (Canada)
- TOSHIBA CORPORATION (Japan)
- Mitsubishi Electric Corporation (Japan)
- Fuji Electric Co. Ltd. (Japan)
- Hitachi Ltd. (Japan)
- Azbil Corporation (Japan)
- ELYNX TECHNOLOGIES, LLC. (U.S.)
- Schweitzer Engineering Laboratories, Inc. (U.S.)
- Inductive Automation (US)
- Valmet (Finland)
Above are the key players covered in the report, to know about more and exhaustive list supervisory control and data acquisition (SCADA) market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Supervisory Control and Data Acquisition (SCADA) Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
