Supervisory Control and Data Acquisition (SCADA) Market

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Supervisory Control and Data Acquisition (SCADA) Market by Offering (Hardware, Software, and Services) and Application (Electrical Power, Oil & Gas, Water & Wastewater, Manufacturing, Transportation, Telecommunication, Chemicals, Food & Beverages, Pharmaceuticals, and Others) - Global Opportunity Analysis and Industry Forecast, 2020-2030.

Industry: ICT & Media | Publish Date: 29-Nov-2024 | No of Pages: 368 | No. of Tables: 197 | No. of Figures: 167 | Format: PDF | Report Code : IC73

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Market Definition

The global SCADA Market size was valued at USD 33.04 billion in 2019 and is predicted to reach USD 58.92 billion by 2030 with a CAGR of 5.4% from 2020-2030. SCADA is supervisory control and data acquisition through a system of software and hardware components.

SCADA allows organizations to gather information, process this information on real-time, and control industrial processes from a remote location. It assists users to interact with the linked devices such as valves, pumps, and motors through a human machine interface and provide required command. It enhances the work efficiency, helps in taking smarter decisions, mitigate downtime, and record the various events in the system for future reference.

Market Dynamics and Trends

SCADA is widely used in many applications such as power plants, oil and gas refining, transportation, water and waste control and telecommunications. Also, increasing adoption of cloud computing, surging demand of industrial mobility and the adoption industry 4.0 in countries around the world have been driving the global SCADA market and are expected to accelerate the growth over the forecast period. Other factors include increasing adoption of smart devices and introduction of smart cities, which are further expected to expand the global market.

However, increasing incidences of cyber-attacks and high investments are expected to inhibit the SCADA market growth. Moreover, increase in research and development activities coupled with the increased adoption of wireless sensor networks are expected to create lucrative opportunities in the global market over the forecast period.

 

Market Segmentations and Scope of the Study

The global SCADA market report is analyzed on the basis of offerings, applications and geography. On the basis of offerings, the market is divided into Hardware, Software, and Services. On the basis of application, the market is divided into Electrical Power, Oil & Gas, Water & Wastewater, Manufacturing, Transportation, Telecommunication, Chemicals, Food & Beverages, Pharmaceuticals, and Others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

 

Geographical Analysis

North America holds the lion's share of the market and is anticipated to continue holding the largest market share during the forecast period. This is attributable to factors such as increased adoption of advanced technologies, growing number of smart cities and higher adoption of industrial automation system.

However, Asia Pacific is also expected to show tremendous growth over the forecast period and gradual increase in market size owing to the increased inclination towards cloud-based systems, and implementation of automation because of the growing demand for high-quality products, along with the increased production yield. The demand for process automation and instrumentation is very high in this region owing to the increasing investment in power transmission and distribution especially in countries like India, China, Japan and South Korea.

 

Competitive Landscape

The SCADA industry is highly competitive and fragmented. It consists of various market players including Hitachi LTD., IBM Corp, ABB LTD., Honeywell International, JFE Engineering Corporation, Alstom, Rockwell Automation, Emerson Electric Co., Mitsubishi Electric Corporation and Schneider Electric among others.

Over the period of time, there have been various developments taking place in the SCADA market which is further expected to contribute to the overall market size in the near future. For instance, in May 2019, Mitsubishi Electric Corporation had announced that it will acquire the remaining shares of ICONICS, Inc., a U.S. software company focused on SCADA, IoT, mobile, analytics and cloud software products for manufacturing industrial and building-automation markets, to make the company a 100% subsidiary within the Mitsubishi Electric Group. Mitsubishi Electric aims to enhance its software product lineup to realize e-Factory, including edge-computing, by combining ICONICS' software-developing capabilities and Mitsubishi Electric's factory-automation technology.

Key Benefits

  • This study includes the analytical depiction of the global SCADA market along with current trends and future estimations to determine the imminent investment pockets.

  • The report presents information related to key drivers, restraints, and opportunities.

  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the financial competency of the global market.

  • Porter’s Five Forces analysis illustrates the potency of buyers & suppliers in the global SCADA industry.

SCADA Market Key Segments

By Offerings

  • Hardware

    • Human Machine Interface

    • Programmable Logic Unit (PLC)

    • Remote Terminal Unit (RTU)

    • SCADA Communication System

    • Others

  • Software

  • Services

By Application

  • Electrical Power

  • Oil & Gas

  • Water & Wastewater

  • Manufacturing

  • Transportation

  • Telecommunication

  • Chemicals

  • Food & Beverages

  • Pharmaceuticals

  • Others

By Geography

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Italy

    • Germany

    • Spain

    • Netherlands

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Taiwan

    • Vietnam

    • Rest of Asia Pacific

  • RoW

    • Latin America

    • Middle East 

    • Africa

Key Market Players

  • IBM Corp

  • Hitachi LTD.

  • Alstom

  • Honeywell International

  • ABB LTD.

  • JFE Engineering Corporation

  • Mitsubishi Electric Corporation

  • Emerson Electric Co.

  • Rockwell Automation

  • Schneider Electric

Report Scope and Segmentation

Parameters

Details

Analysis Period

2019–2030

Base Year Considered

2020

Forecast Period

2020–2030

Market Size Estimation

Billion (USD)

Market Segmentation

By Offerings (Hardware (Human Machine Interface, Programmable Logic Unit (PLC), Remote Terminal Unit (RTU), SCADA Communication System, Others) Software, Services) By Application (Electrical Power, Oil & Gas, Water & Wastewater, Manufacturing, Transportation, Telecommunication, Chemicals, Food & Beverages, Pharmaceuticals, Others)

Geographical Segmentation

North America (U.S., Canada, Mexico) Europe (UK, Italy, Germany, Spain, Netherlands, Rest of Europe) Asia-Pacific (China, Japan, India, Australia, South Korea, Taiwan, Vietnam, Rest of Asia Pacific) RoW (Latin America, Middle East, Africa)

Companies Profiled

Hitachi LTD., IBM Corp, ABB LTD., Honeywell International, JFE Engineering Corporation, Alstom, Rockwell Automation, Emerson Electric Co., Mitsubishi Electric Corporation and Schneider Electric

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Frequently Asked Questions

According to the report published by Next Move Strategy Consulting, the SCADA market business is expected to hit at $58.92 billion (USD) by 2030.

North America is expected to hold the highest market share in the global market. The region is expected to witness remarkable growth as it houses the major key players in the market.

Hitachi LTD., IBM Corp, ABB LTD., Honeywell International, JFE Engineering Corporation, Alstom, Rockwell Automation, Emerson Electric Co., Mitsubishi Electric Corporation and Schneider Electric

The global SCADA market share analysis is based on offerings, applications and geography.

Currently (in 2019), the market value stands at USD 33.04 billion and it is anticipated to reach USD 58.92 billion by 2030.

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