The global Supervisory control and data acquisition (SCADA) market is majorly driven by various driving factors such as penetration of Supervisory control and data acquisition (SCADA) across various industries, and growing technological advancements. Moreover, integration of SCADA in IT companies and high demand for process automation in energy sector are also expected to support the growth of the market. Market Is Driven by Increasing Adoption in Oil & Gas Industry, Says Variant Market Research
Global Supervisory Control and Data Acqu…n (SCADA) Market is expected to reach $48 billion by 2024 from $31 billion in 2016; growing at a CAGR of 5.7% from 2016 to 2024. By geography, Rest of the World (RoW) and Asia Pacific are expected to grow at a CAGR of 6.6% and 6.4%, respectively, during the forecast period.
The major factors of the global SCADA market are increasing adoption of SCADA across various industries. Furthermore, prevalence of SCADA in IT companies and rising demand for development automation in energy sector also fuels the growth of the market.
Component, architecture, application and geography are the major segments of global SCADA market. Component segment comprises remote terminal unit (RTU), human machine interface (HMI), SCADA communication systems, programmable logic control (PLC), and other components.
Architecture segment includes hardware, software and services. Human machine interface held for the highest market share of 33.6% in 2016.
Additionally, application segment is further categorized into, electric power, oil & gas, food & beverages water & wastewater transportation, pharmaceuticals, chemicals, manufacturing, telecommunication and others.
North America, Europe, Asia-Pacific and RoW are the key sub segment of global SCADA market. RoW is anticipated to grow at a fastest CAGR from 2016 to 2024.
The growth is attributed to increase in use of SCADA in oil & energy segment.
The Key players in the global SCADA market are Honeywell International, Schneider Electric SE, Mitsubishi Electric Corporation, General Electric, Siemens AG, IBM Corporation, GE Intelligent Platforms, Hitachi, Ltd., ABB, and B-SCADA Inc., among others.
Scope of SCADA Market
- Programmable Logic Control (PLC)
- Human Machine Interface (HMI)
- SCADA Communication Systems
- Remote Terminal Unit (RTU)
- Water & Wastewater
- Oil & Gas
- Electric Power
- Food & Beverages
- North America
- United Kingdom
- South America
- Middle East
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