Press release
Leading Growth Driver in the SCADA Market in 2025: Oil And Gas Sector Growth Fuels Demand For SCADA Market Driver's Influence
SCADA
The SCADA market is anticipated to benefit from the expansion of the oil and gas sector, which predominantly dwells on activities such as hydrocarbon exploration, production, extraction, refining, distribution, and transportation from oil rigs to consumers. With SCADA software, the oil and gas industry can effectively monitor and control pipeline activities and measure gas well production from a distance, thereby maximizing asset utilization, augmenting field visibility, and improving safety by simplifying the process. As indicated in the World Oil Outlook report released by the Austria-based OPEC (Organization of the Petroleum Exporting Countries) in October 2022, global primary energy demand is projected to increase by 23% by 2045. Furthermore, it's anticipated that global oil consumption will increase from roughly 97 million barrels per day (mb/d) in 2021 to nearly 110 million barrels per day (mb/d) in 2045, with refining capacity expected to reach 15.5 million barrels per day (mb/d) between 2022 and 2045. Thus, the development of the oil and gas industry is anticipated to drive the demand for the SCADA market.
Get Your SCADA Market Report Here:
https://www.thebusinessresearchcompany.com/report/scada-global-market-report
How will the growth rate of the scada market shape industry trends by 2034?
In recent times, the SCADA market has witnessed significant growth. It is projected to expand from $12.45 billion in 2024 to $13.22 billion in 2025, sustaining a compound annual growth rate (CAGR) of 6.2%. The market expansion observed in the historic timeline can be credited to the need for industrial automation, essential infrastructure monitoring, improvements in efficiency and productivity, obligatory regulatory compliance, and amplified operational transparency.
Expectations are high for swift expansion of the scada market in the upcoming years, with projections estimating its size to reach $19.91 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 10.8%. The predicted growth during this forecast period is due to factors such as the integration of IoT and large data analytics, increased focus on cybersecurity, expansion of renewable energy, initiatives towards smart cities, and the need for remote monitoring and control. Key trends to look out for during this period include the application of SCADA on mobile platforms, a focus on open standards, the integration of renewable energy, remote control and monitoring, and the management of water and wastewater.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9022&type=smp
What trends are poised to drive the future success of the scada market?
SCADA market has been witnessing the trend of product innovations becoming increasingly popular. Big players in the SCADA market are zeroing in on new product creation to bolster their hold in the market. As an example, Emerson Electric Co., an American manufacturing and engineering service provider for industrial, commercial, and consumer sectors, introduced its new automated platform, Movicon.NExT 4.2 in October 2022. This platform presents a user-friendly interface able to connect with any field device, control system, or business system, endowing users and original equipment manufacturers (OEMs) with crucial data and insights necessary to attain operational perfection. It is fast, secure, efficient, delivering exceptional performance, accelerated application development and improved connectivity.
Which primary segments of the scada market are driving growth and industry transformations?
The SCADA market covered in this report is segmented -
1) By Offering: Hardware, Software, Services
2) By Component: Programmable Logic Controller (PLC), Remote Terminal Unit (RTU), Human-Machine Interface (HMI), Communication System, Other Components
3) By Deployment: On-Premise, Cloud
4) By Application: Chemical And Pharmaceuticals, Food And Beverage, Manufacturing, Oil And Gas, Transportation, Utility, Water And Sewage
Subsegments:
1) By Hardware: Remote Terminal Units (RTUs), Programmable Logic Controllers (PLCs), Human-Machine Interface (HMI) Devices, Communication Equipment
2) By Software: SCADA Software Applications, Visualization Software, Data Management Software, Security Software
3) By Services: Consulting Services, Implementation Services, Maintenance And Support Services, Training Services
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9022
Which geographical regions are pioneering growth in the scada market?
Asia-Pacific was the largest region in the SCADA market in 2024. The regions covered in the scada market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the scada market landscape?
Major companies operating in the SCADA market include Hitachi Ltd., Siemens AG, General Electric Company, International Business Machines Corporation, Cisco Systems Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., Toshiba Corporation, ABB Ltd, Fuji Electric Co Ltd., Eaton Corporation plc, Emerson Electric Company, Rockwell Automation Inc., Omron Corporation, Yokogawa Electric Corporation, Advantech Co Ltd., Parametric Technology Corporation., Schweitzer Engineering Laboratories Inc., B&R Industrial Automation GmbH, Wunderlich-Malec Engineering GmbH, Inductive Automation LLC, Tesco Controls LLC, COPA-DATA GmbH, NovaTech Automation Corporation, Elynx Technologies LLC, Intouch Insight, Iconics Inc., Progea S.r.l., Trihedral Engineering Limited, VTScada Systems Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=9022&type=smp
What Is Covered In The SCADA Global Market Report?
•Market Size Forecast: Examine the scada market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the scada market for a structured understanding.
•Key Players Overview: Analyze major players in the scada market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the scada market.
•Segment Contributions: Evaluate how different segments drive overall growth in the scada market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the scada market.
•Industry Challenges: Identify potential risks and obstacles affecting the scada market.
•Competitive Landscape: Review strategic developments in the scada market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Leading Growth Driver in the SCADA Market in 2025: Oil And Gas Sector Growth Fuels Demand For SCADA Market Driver's Influence here
News-ID: 3911222 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for SCADA
SCADA System Market Key insights
Supervisory Control and Data Acquisition (SCADA) system aims to control and monitor field devices at the remote sites. SCADA systems are very crucial as they help in maintaining the efficiency by collecting and processing real time data. With real time data, businesses, governments, and individuals are able to make data driven decisions regarding improving their processes. SCADA system find applications in industries such as energy & power, oil & gas,…
SCADA Oil And Gas Market Report 2024 - SCADA Oil And Gas Market Growth, Trends A …
"The Business Research Company recently released a comprehensive report on the Global SCADA Oil And Gas Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, The scada…
SCADA Market Size, Market Analysis | SCADA Industry Future Growth, Share, Market …
Global SCADA Market Report provides a detailed industry overview along with the analysis of Cost Structure, Supply Chain, Development Techniques, Retailers Analysis, Financial Support, business Strategies, Marketing Channels. Global SCADA Market research report provides a point-by-pointIn-Depth analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, the impact of domestic and global market players, value chain optimization, trade regulations, recent developments,…
Global SCADA Market Research Report 2018
This report thinks about the Global SCADA Market showcase status and figure, arranges the Global SCADA Market advertise estimate (esteem and volume) by producers, type, application, and district. This report centers on the best producers in the United States, South Korea, and Taiwan and different districts.
Get sample copy of report:
https://www.marketdensity.com/contact?ref=Sample&reportid=5688
Table of Contents
1 SCADA Market Overview
1.1 Product Overview and Scope of SCADA
1.2 SCADA Segment by Type (Product Category)…
Growth In SCADA Systems Adoption
The global relay and industrial control manufacturing market, a part of the electrical and electronics manufacturing industry, grew at a compound annual growth rate (CAGR) of around 8% during the historic period. The electrical and electronics manufacturing industry showed a steady growth. The growth is mainly due to high demand for motor starters and controllers from automobile, FMCG and machinery manufacturing industries.
In the forecast period, the global relay and…
SCADA Market 2018 Global Key Leaders: SCADA are ABB, IBM Corporation, Rockwell A …
SCADA Market Overview:
This report covers current events and trends in the market for SCADA to provide the most accurate forecasts and predictions. By correlating the historical data with key market dynamics, our analysts are able to make highly accurate projections. MRFR’s report includes a thorough analysis of the global SCADA Market segmented on the basis of component, deployment, end-user, and region with astute insights.
The report has been prepared to…
