SCADA Market Size is valued at USD 9.61 billion in 2022 and is predicted to reach USD 25.21 billion by the year 2031 at a 11.6% CAGR during the forecast period for 2023-2031.
Tanks, generators, compressors and separators in an oil and gas plant are managed & controlled by a supervisory control and data acquisition (SCADA) system with the assistance of sensors distributed in a WSN. Using a WSN lowers the expenses involved in developing and deploying a sensor network and a communication network.
In comparison to wireless technology, wired technology is significantly more expensive because it necessitates the purchase of additional hardware, such as cables, routers, networking devices and network adapters. An industrial WSN measures and detects various characteristics, such as system pressure, temperature, flow, and level of systems, during in-plant operations. The usage of a WSN in a SCADA system allows for real-time data monitoring and control of processes.
The rising number of developments in wireless sensor networks, their noteworthy adoption in SCADA, and the use of 5G technology in industrial environments and big data analytics in SCADA systems have been extending profitable opportunities to the market players. Additionally, the growing preference for cloud-based over on-premises SCADA systems further expands the market reach. Wireless sensor networks are becoming increasingly popular (WSN). WSNs are employed in various industries, including oil & gas, water & wastewater treatment, and pharmaceuticals. In most cases, oil and gas facilities are located in distant places with challenging environmental conditions.
Competitive Landscape
Some of the the SCADA market players are:
- ABB (Switzerland)
- Azbil Corporation (Japan)
- Capula Ltd. (UK)
- ELYNX TECHNOLOGIES LLC (US)
- Emerson Electric Co. (US)
- Enbase LLC, Ing. (US)
- Fuji Electric Co. Ltd. (Japan)
- GENERAL ELECTRIC (US)
- Hitachi Ltd. (Japan)
- Honeywell International,
- Inductive Automation LLC (US)
- Mitsubishi Electric Corporation (Japan)
- OMRON corporation (Germany)
- Progea srl (Italy)
- Rockwell Automation Inc. (US)
- Schneider Electric (France)
- Schweitzer Engineering Laboratories Inc. (US)
- Siemens (Germany)
- TOSHIBA CORPORATION (Japan)
- Valmet (Finland)
- Willowglen Systems (Canada)
- Yokogawa Electric Corporation (Japan)
Market Segmentation:
The SCADA market is segmented based on offering, component, and end-user. The offering segment includes hardware, software, and services. The component segment includes a programmable logic controller, remote terminal unit, and human-machine interface. By end-user, the market is segmented into process industries, discrete manufacturing, and utilities.
Based On Components, The Remote Terminal Unit Segment Accounted For A Major Contributor To The SCADA Market
The market for inactivated vaccines is predicted to expand over the forecast period. Due to the increased use of RTU devices in various industrial processes, such as pressure tests and circulation pumps from a central location, to improve operational efficiency and control multiple methods, the remote terminal unit (RTU) segment has the most extensive supervisory control and data acquisition (SCADA) market size.
The Services Segment Witnessed Change At A Rapid Rate.
The market has been divided into three components based on offerings: software, hardware, and services. The growing need for services that offer data acquisition and supervisory automation control for end users with greater efficiency, increased dependability, and improved visibility is a crucial factor expediting the market's growth. The SCADA industry is anticipated to grow as a result of the rising demand for real-time data collection.
The North American SCADA Market Holds A Significant Revenue Share In The Region.
The Global SCADA Market is divided into four regions based on geography: North America, Europe, Asia Pacific, and the Rest of the World. In addition to other factors, North America has the most significant revenue share because of robust technological investment and stable power management. North America is anticipated to maintain its position as the world's largest economy during the anticipated period. Due to the rising demand for automation techniques in the oil and gas industry, Europe is anticipated to overtake North America as the second-largest revenue producer throughout the forecast period. The Asia-Pacific area is expected to expand significantly throughout the projection period, primarily due to increased government investment in automation for various industries.
SCADA Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 9.61 Bn |
|
Revenue Forecast In 2031 |
USD 25.21 Bn |
|
Growth Rate CAGR |
CAGR of 11.6% from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Offering, Component, And End-User |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia |
|
Competitive Landscape |
Rockwell Automation, Schneider Electric, Emerson Electric, Siemens, ABB, General Electric, Honeywell International, Omron, Yokogawa Electric, and others. |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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