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2025 SCADA Industry Trends Report: Long-Term Outlook Through 2034
SCADA
What Is the Expected CAGR for the SCADA Market Through 2025?
The size of the SCADA market has seen significant expansion in the recent past. It is predicted to increase from a value of $12.45 billion in 2024 to $13.22 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 6.2%. This growth during the historical period is credited to the demand for industrial automation, critical infrastructure monitoring, improvements in efficiency and productivity, the need for regulatory compliance, and improved operational visibility.
What's the Projected Size of the Global SCADA Market by 2029?
Anticipations are set for a substantial expansion in the scada market in the impending years, with the value expected to reach $19.91 billion by 2029. This development, projecting a compound annual growth rate (CAGR) of 10.8%, can be attributed to multiple factors. These include its integration with Internet of Things (IoT) and big data analytics, a focus on strengthening cybersecurity, growth in renewable energy, initiatives towards developing smarter cities, and an increasing need for remote monitoring and control. Key trends to be on the lookout for within this forecast period encompass mobile SCADA applications, the importance of open standards, integration with renewable energy, remote control and monitoring, along with water and wastewater management.
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Top Growth Drivers in the SCADA Industry: What's Accelerating the Market?
The oil and gas industry's expansion is predicted to drive the SCADA market's growth. The oil and gas sector encompasses activities such as exploration, observation, development, drilling, production, extraction, refining, distribution, and transport of hydrocarbons from oil rigs to the end-users. Within this industry, SCADA software is used to monitor and control pipeline activities and to remotely measure gas well production. It promotes asset optimization by providing a clearer view of the field and increasing safety through process streamlining. As an example, the World Oil Outlook report released by OPEC, an Austria-based international oil organization, in October 2022 states that the global primary energy demand is anticipated to increase by 23% by 2045. In addition, global oil consumption is projected to rise from approximately 97 million barrels per day (mb/d) in 2021 to around 110 million barrels per day (mb/d) in 2045, with refining capacity anticipated to reach 15.5 million barrels per day (mb/d) between 2022 and 2045. As a result, the SCADA market is expected to see a surge in demand due to the expanding oil and gas sector.
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What Trends Will Shape the SCADA Market Through 2029 and Beyond?
A significant trend that's gaining traction in the SCADA market revolves around product innovations. Many leading companies in this market are putting a focus on creating innovative products in order to solidify their place in the market. An example of this occurred in October 2022. Emerson Electric Co., an American firm renowned for its industrial, commercial, and consumer engineering services and products, rolled out an innovative automation platform called Movicon.NExT 4.2. This platform uses an intuitive interface that can connect to any field device, control system, or enterprise system. It grants access for original equipment manufacturers (OEMs) and users to the necessary data and understanding they need to accomplish operational excellence. It's a quick, secure, and efficient tool that boosts performance, accelerates application development, and improves connectivity.
What Are the Main Segments in the SCADA Market?
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 Top Companies are Driving Growth in the SCADA Market?
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.
Which Regions Will Dominate the SCADA Market Through 2029?
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.
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