Definition of SCADA Market

Supervisory control and data acquisition (SCADA) empowers monitoring and the issuing of process commands. SCADA is used to remote-access different types of local control modules from diversified sources and enable access through standard automation protocols. SCADA system collects data and sends control commands to the field-connected devices. SCADA systems were traditionally used with combinations of radio and direct-wired connections, mostly used for large connections such as railways and power stations. Modern SCADA systems are used for more than just data collection and device operation. Without the assistance of humans, they employ artificial intelligence (AI) to analyze data and make judgments.     

Global SCADA Market: Key Insights

Global SCADA Market Highlights Over 2023 - 2033

The global SCADA market is estimated to garner a revenue of USD 22 Billion by the end of 2033 by growing at a CAGR of ~12% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 11 Billion in the year 2022. The primary growth factor of the SCADA market is automation. Increasingly, businesses are recognizing the benefits of automating processes to improve efficiency and accuracy. This increase in demand has caused vendors and manufacturers of SCADA systems to grow at a rapid pace. A growing number of industrial mobility solutions are being adopted, which is one of the elements driving the supervisory control and data acquisition (SCADA) market. As per the reported data, Cellular communication must be implemented in SCADA or remote data gathering applications, which calls for a cellular modem, gateway or router, and data provider. High-speed connectivity is provided by cellular network communication. There are even greater peak speeds, with typical download and upload speeds of up to 12 Mbps and 5 Mbps, respectively. 

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Modern SCADA systems are capable of more than just data collection and device operation. Without the assistance of humans, they employ artificial intelligence (AI) to analyze data and make judgments. They can function in a cloud context, enabling remote SCADA monitoring and control via tablets and smartphones. SCADA is employed in the oil and gas industry to monitor pipeline flow, distribution pumping pressure, and well and pumping sites. SCADA software is used to monitor and manage compressor stations, but it is also essential for safety because it can spot anomalies and stop catastrophic events from happening. As per recent statistics, Gas flow is locally measured at low rates, such as those below 1 MMcf/d, but not telemetered by the SCADA system. Pressures and flow rates are locally measured and telemetered by the SCADA system at somewhat greater rates. Pressures, flow rates, and gas quality are continuously measured and telemetered via the SCADA system above a specific threshold, like 5 MMcf/d.

Global SCADA Market: Growth Drivers and Challenges

Growth Drivers

• Rising Demand for Smart Water Systems and Mining Automation – As per recent statistics, the SCADA systems of 14 of the 26 respondents, including the large respondents, perform the bulk (50–100%) of the hydraulic measurements. Very few SCADA-based water quality measurements (0–25%) are used by 50% of responders.

• Increased Adoption of Wireless Technology in Industrial Settings – Water that has been used in residential, commercial, or industrial settings is referred to as wastewater. It is created throughout all types of routine daily activities, like cleaning dishes, flushing the toilet, and taking a shower. 99.9% of wastewater is made up of water, with the remaining 0.1% being additional substances that are eliminated during treatment.

• Rising Demand from Commercial Buildings – As per recent statistics, the SCADA system's operation had resulted in significant energy savings and operating cost reductions. The market value of significant investment Only when buildings are run efficiently can they be maintained. Currently, 40% of the energy used worldwide is used by buildings.

• Rising Adoption of Smart Devices in Critical Infrastructure Sectors – As per recent statistics, it's predicted that 50 billion gadgets will be online by 2020. The dynamics of an internet-based control system are thus starting to materialize. Industry 4.0 is bringing about a time when IoT systems are replacing SCADA, which has historically been used for production automation and data sharing.

Challenges

• Lack of Skilled Workforce Limits the Adoption of Technology –The absence of skilled professionals is minimizing the adoption rate of the technology, which is likely to hinder the market growth.

• Lack of Standardization Hampers Rate Pricing Mechanism  

• Emerging Cyber Threats Such as Data Tampering

Global SCADA Market Regional Synopsis

Regionally, the global SCADA market is studied into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Amongst these markets, the market in the North American region is projected to hold the largest market share by the end of 2033 owing to increasing demand for SCADA systems for industrial applications in the region. The country with the highest growth rate is Canada, followed by the United States. As per recent statistics, investor-owned utility corporations are the main SCADA system owners, and typically put other priorities and inexpensive prices ahead of security. Currently, investor-owned companies manage around 90% of vital infrastructure in the United States.

The global SCADA market is segmented and analyzed for demand and supply by component into the human-machine interface, programmable logic controller, and remote terminal units. out of these, the human-machine interface (HMI) segment is anticipated to hold the largest share over the forecast period due to its widespread application in the critical infrastructure sector. Increasing adoption of cloud computing and big data analytics are also expected to drive growth in the SCADA market over this period. As per research, the SCADA program transmits data to the cloud, where it can be stored and distributed, immediately connecting with the control center. When compared to a conventional SCADA system, cloud-based SCADA systems can cut end-user expenditures by up to 90%.

Market Segmentation

Our in-depth analysis of the global SCADA market includes the following segments:

Key Companies Dominating the Global SCADA Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global SCADA market that are included in our report are ABB Ltd., B-SCADA Inc., Emerson Electric Co., Endress+Hauser AG, General Electric Co., Hitachi, Ltd., Honeywell International Inc., International Business Machines Corporation, Larson & Toubro Limited, Mitsubishi Electric Corp., and others.

Global SCADA Market: Latest Developments

• 30th September 2021: ABB Ltd., Today, ABB is introducing an avant-garde, all-in-one EV charger that offers the quickest charging speed available. The brand-new Terra 360 modular charger from ABB has a dynamic power distribution system and can charge up to four vehicles at once. As a result, drivers won't have to wait if someone else is already moving forward.

• 8th April 2021: Endress+Hauser AG, Numerous process engineering systems function safely and dependably thanks to measurement tools and components from Endress+Hauser. Security is gaining more attention in industrial facilities and Industrial Internet of Things (IIoT) environments.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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