The global SCADA market is projected to witness noteworthy growth, rising with a CAGR of 6.2% over the forecast period. The global SCADA systems market to reach USD 47.04 billion by 2025. The growing need for industrial automation process which requires to monitor, gather and process real-time data, as well as an increasing share of renewable energy with a focus on deploying smart grid projects, are the driving factors for global SCADA systems market. However, high investment cost for setting up of SCADA systems may restrain the market growth during the forecast period.
The market research report on the SCADA market assesses the market demand and scenario for the period ranging from 2015 to 2025. The report highlights the historic trends from 2015 to 2017 and market forecast from 2019 to 2022. The report studies the current status and future prospects of the market at the global and regional level. The global SCADA market is segmented on the basis of component, application, architecture, and geography.
The report also covers detailed competition analysis, which includes company profiles of major players operating in the global SCADA market. Further, the study covers several qualitative aspects of the SCADA industry and also throw light on regional growth opportunities.
Based on application, the market is segmented into industries such as oil & gas, water, and wastewater, electrical power, various manufacturing industries, transportation, telecommunication, food & beverages, chemicals & pharmaceuticals, amongst others. The telecommunication industry is projected to account for key SCADA systems market share in the anticipatable years. Though, water and wastewater application will also display favorable growth in the forecast period as SCADA systems are continuously used to monitor and control the water flow, reservoir levels, pipe pressure in water treatment plants.
Based on region, Latin America and the Middle East will expand at an important growth rate in the global SCADA systems market, due to augmented incorporation of SCADA systems by numerous industrial sectors to minimize errors and obtain real-time data as well as, growing interests of various industries in services provided by SCADA systems
The global players in SCADA systems market include ABB, Emerson Electric, Siemens, Honeywell International, Omron Corporation, Schneider Electric, and others. Region wise the SCADA systems market is present across North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America, due to the presence of mature market will show a steady growth while South America, due to increasing foreign investment and growing manufacturing industry in Brazil will show lucrative growth during the forecast period. However, Asian countries will also contribute substantially towards SCADA systems market share in the upcoming years as they have a huge potential for the installation of transmission SCADA platforms.
Segment overview of Global SCADA Market
- Component Overview, 2015-2025 (USD Billion)
- Human Machine Interface
- Programmable Logic Controller
- Remote Terminal Unit
- SCADA Communication Systems
- Application Overview, 2015-2025 (USD Billion)
- Electrical Power
- Oil & Gas
- Water & Wastewater
- Food & Beverages
- Architecture Overview, 2015-2025 (USD Billion
- Regional Overview, 2015-2025 (USD Billion)
- North America
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of the Word
- North America