Press release
SCADA Market Insights on Technological Advancements and Emerging Applications in Manufacturing and Utilities
SCADA Market
The global SCADA market is estimated to reach over USD 25.21 billion by 2031, exhibiting a CAGR of 11.6% during the forecast period.
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The SCADA (Supervisory Control and Data Acquisition) system, which integrates both hardware and software, allows industrial organizations to monitor, collect, and analyze real-time data across various domains. It also facilitates local or remote control of industrial operations and supports the management of log files, as well as communication with devices, sensors, valves, pumps, and motors.
The global SCADA market is experiencing growth, driven by the increasing adoption of mobile SCADA systems and the ongoing Industry 4.0 transformation in the manufacturing and processing sectors. Furthermore, the rapid advancement of cloud computing technology is positively influencing the expansion of the SCADA market. However, challenges such as high installation and maintenance costs, along with the rising threat of industrial network intrusions, may hinder market growth. Conversely, the continued development of wireless sensor networks is expected to present significant opportunities for the SCADA market throughout the forecast period.
List of Prominent Players in the SCADA Market:
• Rockwell Automation,
• Schneider Electric,
• Emerson Electric,
• Siemens,
• ABB,
• General Electric,
• Honeywell International,
• Omron,
• Yokogawa Electric
• ABB (Switzerland)
• Azbil Corporation (Japan)
• Capula Ltd. (UK)
• ELYNX TECHNOLOGIES LLC (US)
• Emerson Electric Co. (US)
• Enbase LLC, Ing. (US)
• Fuji Electric Co. Ltd. (Japan)
• GENERAL ELECTRIC (US)
• Hitachi Ltd. (Japan)
• Honeywell International,
• Inductive Automation LLC (US)
• Mitsubishi Electric Corporation (Japan)
• OMRON corporation (Germany)
• Progea srl (Italy)
• Rockwell Automation Inc. (US)
• Schneider Electric (France)
• Schweitzer Engineering Laboratories Inc. (US)
• Siemens (Germany)
• TOSHIBA CORPORATION (Japan)
• Valmet (Finland)
• Willowglen Systems (Canada)
• Yokogawa Electric Corporation (Japan)
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Market Dynamics:
Drivers:
The increasing development of smart buildings in emerging economies is expected to significantly contribute to the overall growth of the SCADA market. Moreover, the rising adoption of smart devices and the expanding number of internet users further bolster market expansion. Additionally, the integration of big data analytics and cloud computing enhances service delivery across various sectors, positively impacting the market. Ongoing research and development (R&D) efforts are also advancing the capabilities of supervisory control and data acquisition (SCADA) hardware and software solutions, supporting overall market growth.
Challenges:
Conversely, factors such as fluctuations in oil prices and the high installation and maintenance costs of SCADA systems are likely to impede market growth. Furthermore, the increasing threat of cyberattacks poses a significant challenge for the SCADA market during the forecast period.
Regional Trends:
The Asia-Pacific region currently dominates the global SCADA market, driven by its role as a manufacturing and technology hub that supports the widespread adoption of SCADA applications. Countries such as South Korea, China, and Japan are leading providers of advanced SCADA solutions. In contrast, North America is expected to present substantial growth opportunities over the forecast period, driven by rapid technological advancements and the adoption of innovative solutions.
Recent Developments:
• In July 2020, Schneider Electric, a leading name in energy management and automation, unveiled Power SCADA Operation 2020, the newest iteration of its acclaimed EcoStruxureTM software. The most recent version is intended to function as an open platform rather than just a SCADA system for power networks, with high-speed control capabilities and the most recent cybersecurity improvements.
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Segmentation of SCADA Market-
By Offering-
• Hardware
• Software
• Services
By Component-
• Programmable Logic Controller
• Remote Terminal Unit
• Human-Machine Interface
By End-User-
• Process Industries
• Discrete Manufacturing
• Utilities
• Telecommunications
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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Market Synopsis:
SCADA is an automation tool which collects and supervises data. Global SCADA market is expected to show significant growth through the forecast period. Increase in demand for automation among various industry verticals, rise in the Internet of things, demand for remote control of operations are the factors that are driving the global SCADA market. Furthermore, increasing investments in research and development, entry of new market players to provide innovative…
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Table of Contents
1 SCADA Market Overview
1.1 Product Overview and Scope of SCADA
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