Supervisory Control & Data Acquisition (SCADA) Market

The global supervisory control and data acquisition size market is estimated to expand at a robust CAGR during the forecast period, between 2021 and 2028. The growth of the market is attributed to the growing adoption of automation technologies in the utility sector.

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Supervisory control and data acquisition (SCADA) is a software and hardware-based system that enables industrial organizations to collect, monitor, process real-time data as well as control industrial processes remotely or locally. These systems are mostly utilized for automation in industries such as water and wastewater management, power, and oil & gas. Furthermore, it allows end-users to communicate directly with equipment including valves, sensors, motors, and pumps using human-machine interface (HMI) software and store events into a log file. SCADA systems provide valuable assistance as a monitoring system in a cost-effective manner, consequently increasing the firm's operational competence. The increasing demand for industrial SCADA systems is basically driven by various key factors since these systems help to process data for wiser decisions, maintain efficiency, and notify system faults to help prevent downtime. The benefits of automated control systems over physically controlled procedures include shorter process times, better convenience, and efficiency.

Market Trends, Drivers, Restraints, and Opportunities

• Growing adoption of automation technologies in the utility sector as well as a positive outlook for the oil and gas industry are key factors driving the market.
• Increasing expenditures in smart city projects along with governments’ measures to encourage such innovation are likely to boost the market growth.
• Rapid growth of the manufacturing sector and growing demand for new technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) are anticipated to fuel the market expansion.
• High initial investment costs and maintenance of these systems along with increasing concerns for cyber threats to the SCADA system are major challenges that can hinder the market growth in the coming years.
• Massive investment in R&D activities in wireless sensor networks, increasing acceptance of cloud-based systems, and rising penetration of smartphone SCADA systems are key factors offering immense growth opportunities of the market.

Scope of the report

The report on the global supervisory control and data acquisition market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Supervisory Control and Data Acquisition Market Segment Insights

Services segment is projected to hold significant market share

Based on offerings, the supervisory control and data acquisition market is divided into hardware, services, and software. The services segment is projected to hold significant market share of the market owing to their low cost and growing use in a variety of industries. The software segment, however, is projected to expand at a robust pace in the coming years. When a SCADA system is integrated with cloud computing technology, operators can operate applications over the Internet. Furthermore, cloud-based SCADA systems provide several benefits such as scalability, simplicity of retrieving and updating files, and cloud-based upgrading, which have driven the segment growth.

Remote terminal units segment is anticipated to account for substantial share

On the basis of components, the market is segmented into communication system, human-machine interface (HMI), programmable logic controller (PLC), remote terminal units (RTU), and others. The remote terminal units (RTU) segment is anticipated to account for substantial share of the market in the coming years. RTUs enable improved communication in remote applications such as freshwater onshore and reservoirs oil & gas locations. They also allow for direct communication between field sensors, actuators, and central control units, which contribute to the segment growth. The rise in the use of intelligent remote terminal units (iRTUs) and demand for low-cost monitoring systems at remote sites are fueling segment expansion. iRTUs assist in the analysis and collection of local data, taking the initiative to generate alarms, report data, and minimize the strain on data centers. The technology can further interact with one another, work together in emergencies, and handle I/O correlation rapidly to avoid loss, boosting system dependability and availability. The use of intelligent terminal units aids in the installation of unmanned supervision and control ideas at remote places, resulting in significant cost savings. 

Oil & gas segment to register substantial growth during the projection period

In terms of end-users, the supervisory control and data acquisition market is segregated into discrete manufacturing, process industries, and utilities. The discrete manufacturing segment is further classified as automotive, semiconductor & electronics, and others. Furthermore, the process industries segment is further segmented into chemicals, food & beverages, pharmaceuticals, and oil & gas. Moreover, the utilities segment is sub-categorized into power, telecommunications, transportation, and water & wastewater. The oil & gas segment is anticipated to register substantial growth during the projection period as several oil and gas firms are consistently embracing automation technology to improve asset utilization and field visibility. SCADA provides a proactive and enhanced technique of diagnosing problems with real-time data, allowing for timely decisions and profit maximization.

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Asia Pacific is expected to dominate the market

In terms of regions, the market is categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is projected to constitute a major share of the market in the coming years due to rapidly expansion of the oil and gas sector in the region particularly in the United States and Canada. On the other hand, the market of Asia Pacific is expected to dominate the market owing to the presence of large corporations such as Mitsubishi Electric, Yokogawa Electric, and OMRON. Wide investment on renewable energy, water & wastewater, smart grids, and transportation are likely to boost the growth of the regional market.

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Segments

The global supervisory control and data acquisition market has been segmented on the basis of
Offerings

• Hardware
• Services
• Software

Components

• Communication System
• Human-machine Interface (HMI)
• Programmable Logic Controller (PLC)
• Remote Terminal Units (RTU)
• Others

End-users

• Discrete Manufacturing
  • Automotive
  • Semiconductor & Electronics
  • Others
• Process Industries
  • Chemicals
  • Food & Beverages
  • Pharmaceuticals
  • Oil & Gas
• Utilities
  • Power
  • Telecommunications
  • Transportation
  • Water & Wastewater

Regions

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• Schneider Electric
• Mitsubishi Electric
• Honeywell International
• Alstom SA
• Siemens
• ABB Ltd
• Hitachi, Ltd
• IBM
• Emerson Electric
• Yokogawa India Ltd

Competitive Landscape

Key players in the global supervisory control and data acquisition market are Schneider Electric; Mitsubishi Electric; Honeywell International; Alstom SA; Siemens; ABB Ltd; Hitachi, Ltd;  IBM;  Emerson Electric; and Yokogawa India Ltd. These players are actively engaged in several business development activities such as collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.