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Top Market Shifts Transforming the SCADA Market Landscape: Key Insights
SCADA
What Is the Expected CAGR for the SCADA Market Through 2025?
Over the past few years, the size of the scada market has experienced a significant expansion. It is anticipated to increase from $12.45 billion in 2024 to $13.12 billion in 2025, with a compound annual growth rate (CAGR) of 5.3%. The rise in the historical period can be linked to the demand for industrial automation, crucial infrastructure supervision, efficiency and productivity improvements, the need to meet regulatory compliance and better operational visibility.
What's the Projected Size of the Global SCADA Market by 2029?
In the coming years, the size of the SCADA market is predicted to experience a swift expansion. The market is projected to increase to a value of $19.5 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 10.4%. This substantial growth within the forecast period is linked to several factors including the integration of IoT and big data analytics, focus on cybersecurity, expansion of renewable energy, efforts towards building smart cities, and increased need for remote monitoring and control. During this forecast period, the market will be significantly influenced by trends such as SCADA mobile applications, an emphasis on open standards, integration of renewable energy, remote control and monitoring, and management of water and wastewater.
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Top Growth Drivers in the SCADA Industry: What's Accelerating the Market?
The SCADA market is predicted to grow concurrently with the oil and gas sector. This sector is dedicated to the exploration, monitoring, development, extraction, refining, and transportation of hydrocarbon substances from oil platforms to user endpoints. SCADA systems within the oil and gas industry are instrumental in controlling pipelines and remotely measuring gas well output. These systems greatly improve asset visibility and safety by enhancing process efficiency. For example, a World Oil Outlook report from OPEC, an Austria-based oil-focussed intergovernmental body, predicted in October 2022 that global primary energy demand should increase by 23% by 2045. It also projected a rise in global oil consumption from roughly 97 million barrels daily in 2021 to approximately 110 million barrels daily by 2045, with refining capacity anticipated to be 15.5 million barrels daily between 2022 and 2045. Hence, the expansion of the oil and gas industry is anticipated to boost the SCADA market demand.
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What Trends Will Shape the SCADA Market Through 2029 and Beyond?
The emergence of product innovations is a prominent trend seen in the SCADA market. Principal companies functioning in the SCADA industry are concentrating on innovative products to fortify their market stance. For example, Emerson Electric Co., a US-based firm offering engineering services and goods for industrial, commercial, and consumer markets introduced an updated automation platform, Movicon.NExT 4.2 in October 2022. The platform offers a user-friendly interface which connects to any control system, enterprise system or field device, providing users and OEMs with the necessary data and insights to accomplish operational excellence. This platform is not only fast and secure but also efficient offering enhanced connectivity, superior performance, and fast application development.
What Are the Main Segments in the SCADA Market?
The scadamarket 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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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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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.
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Table of Contents
1 SCADA Market Overview
1.1 Product Overview and Scope of SCADA
1.2 SCADA Segment by Type (Product Category)…
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In the forecast period, the global relay and…
