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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.
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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.
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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
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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.
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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.
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