SCADA Market

SCADA Market: By Offering, Component, End User, and Region

Market Synopsis:

Global SCADA Market is valued at 8.9 USD Billion in 2021 and is projected to attain a value of 14.86 USD Billion by 2028 at a CAGR of 7.50% during the forecast period, 2022–2028.

SCADA stands for Supervisory Control and Data Acquisition. It is a system that provides remote access to control equipment, often over the internet. This is designed so that companies can monitor their operations from a central location and make adjustments or corrections if necessary. The System connects devices in a real-time environment. It allows operators to monitor and control plant processes, like temperature, pressure, or electrical power distribution. A SCADA system can store data, monitor alarms, and report on the status of systems on the network.

Growing Demand for SCADA in Automation and Remote Control to Drive Market Growth

SCADA systems are becoming more popular as demand for automation and remote-control increase. These systems are designed to allow companies to monitor processes remotely, giving them the ability to make changes or adjustments without having to be physically present. One of the most common areas where SCADA is being used is in the oil and gas industry, where these systems allow engineers to monitor everything from production levels to pipeline maintenance.

Market Segmentation

Global SCADA Market is Segmented by Offering (Hardware, Software, Services), Component (Programmable Logic Controller, Remote Terminal Unit, Human‒Machine Interface, Communication System), End User, and Region.

By Component, Remote Terminal Unit to Hold Largest Market Share

Remote terminal units are used in SCADA systems to transmit form data and commands over a network based on the requirements of the system. The most common RTU is Moxas TTCN-3 compliant or other kinds of 3G/4G networks that provide a stable connection to transmit SCADA data. Remote terminal units allow end-to-end communication between the remote device and the central station, via a local area network (LAN). Remote terminal units are used for automation of production processes, as well as in industry control, data acquisition, and process control.

Asia Pacific to Dominate Global SCADA Market

Asia Pacific is the largest consumer of SCADA. There are many reasons for this, but the most important factor is that theres a large demand for SCADA in emerging economies. For example, China and India have recently industrialized, which has led to an increase in manufacturing and agriculture. This increased need for SCADA has led to an increase in demand across Asia Pacific.

Moreover, the region is going through a major industrial revolution and it faces a unique set of challenges. SCADA offers the ability to monitor everything from dangerous environments like chemical plants to remote power stations in China’s hinterland. The key factors that drive demand for SCADA in Asia Pacific are the lack of human resources combined with aging infrastructure and low levels of automation.

Key Players

Schneider Electric, Emerson Electric, Rockwell Automation, ABB, Siemens, Honewell International, and Mitsubishi Electric