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Surge In Cybersecurity Solutions Fueling The Market Due To Rising Threat Of Online Attacks: The Driving Engine Behind Power Supervisory Control and Data Acquisition (SCADA) Market Evolution in 2025
Power Supervisory Control and Data Acquisition (SCADA) Market
How Large Will the Power Supervisory Control and Data Acquisition (SCADA) Market Size By 2025?
In the past few years, the power supervisory control and data acquisition (SCADA) market has seen robust growth. Its projected rate of growth will see it rise from $2.48 billion in 2024 to $2.69 billion in 2025, with a compound annual growth rate (CAGR) of 8.4%. The significant growth observed in the historic period can be ascribed to factors such as the escalating integration of renewable energy sources, increasing demand for real-time grid monitoring, enhancing automation of power distribution, heightened emphasis on reducing power outages, and growing investments in smart grid projects.
How Big Is the Power Supervisory Control and Data Acquisition (SCADA) Market Size Expected to Grow by 2029?
The market size for the power Supervisory Control And Data Acquisition (SCADA) is projected to witness considerable growth in the upcoming years, rising to $3.67 billion by 2029 at a CAGR of 8.1%. This growth during the forecasted period is due to the escalating need for cybersecurity solutions, increased adoption of SCADA systems based on the cloud, a surge in digital substations installations, swift urbanization and power needs, and escalating governmental drives for grid enhancement. In the forecast period, salient trends encompass advancements in integrating artificial intelligence, strides in cybersecurity, the application of edge computing in power systems, innovations in IEC 61850-based solutions, and advancement in human-machine interface technologies.
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Which Key Market Drivers Powering Power Supervisory Control and Data Acquisition (SCADA) Market Expansion and Growth?
The escalating threat of online attacks is driving an upswing in the cybersecurity solutions market.
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What Trends Will Shape the Power Supervisory Control and Data Acquisition (SCADA) Market Through 2029 and Beyond?
Leading firms in the power supervisory control and data acquisition (SCADA) market are concentrating on developing novel power SCADA hardware with functions like real-time control to improve system response times, boost grid reliability and smoothly integrate with renewable energy sources. Real-time control entails a system's capability to continuously collect data, process it and make immediate adjustments in operations within a narrowly defined and short timeframe. In October 2024, for example, Aspen Technology, an industrial software company based in the US, introduced the AspenTech Microgrid Management System that aims at optimizing energy distribution, strengthening grid resilience and controlling decentralized power resources for enhanced operational efficiency and sustainability. This innovative power SCADA system incorporates advanced data processing and seamless integration with renewable energy sources, thereby facilitating improved grid stability, operational efficiency and encouraging the progression of smarter, resilient power networks. The AspenTech Microgrid Management System is extremely flexible, managing various energy sources and load demands effectively through the use of advanced analytics for improved grid stability and optimized power distribution.
What Are the Emerging Segments in the Power Supervisory Control and Data Acquisition (SCADA) Market?
The power supervisory control and data acquisition (scada) market covered in this report is segmented
1) By Component: Hardware, Software, Services
2) By Architecture: Open System Architecture (OSA), Closed System Architecture
3) By Deployment Model: On-Premises, Cloud-Based, Hybrid
4) By End-Use Industry: Power Generation, Transmission, Distribution, Oil And Gas, Utilities, Metals And Mining, Transportation, Manufacturing, Other End Use Industries
Subsegments:
1) By Hardware: Remote Terminal Units, Programmable Logic Controllers, Communication Systems, Human Machine Interface, Sensors And Detectors
2) By Software: Supervisory Software, Human Machine Interface Software, Communication Software, Data Acquisition Software
3) By Services: Consulting Services, Integration And Implementation Services, Maintenance And Support Services, Training Services
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Who Are the Global Leaders in the Power Supervisory Control and Data Acquisition (SCADA) Market?
Major companies operating in the power supervisory control and data acquisition (scada) market are Huawei Digital Power Technologies Co. Ltd., Siemens AG, General Electric Company, Schneider Electric SE, Mitsubishi Electric Corporation, ABB Asea Brown Boveri Ltd, Toshiba Corporation, LARSEN AND TOUBRO LIMITED, Eaton Corporation, Rockwell Automation, Yokogawa Electric Corporation, Itron Inc., Schweitzer Engineering Laboratories Inc., Ing. Punzenberger COPA-DATA GmbH, Inductive Automation LLC, Elipse Software Ltda., Survalent Technology Corporation, Trimark Associates Inc., Pyrumas Software Private Limited, and B-Scada Inc.
Which are the Top Profitable Regional Markets for the Power Supervisory Control and Data Acquisition (SCADA) Industry?
North America was the largest region in the power supervisory control and data acquisition (SCADA) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in power supervisory control and data acquisition (SCADA) report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Table of Contents
1 SCADA Market Overview
1.1 Product Overview and Scope of SCADA
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