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.
Global SCADA Market size 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.
Global SCADA market trends are growing 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.
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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, SCADA applications are electric power, oil & gas, food & beverages water & wastewater transportation, pharmaceuticals, chemicals, manufacturing, telecommunication and others. SCADA for water systems will witness significant growth rate from 2016 to 2024, whereas SCADA for oil and gas accounted highest market share in 2016.
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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. Moreover, countries such as Qatar, UAE, Oman, India, and Romania, among other are witnessing strong demand of SCADA system.
The Key players in the global SCADA market are Honeywell International, Schneider Electric SE, General Electric, Mitsubishi Electric Corporation, Siemens AG, IBM Corporation, Hitachi, Ltd., GE Intelligent Platforms, ABB, and B-SCADA Inc., among others.
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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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