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SCADA Market Size, Share & Industry Analysis, By Component (Hardware, Software, Services ), By Application (Power, Oil & Gas, Water & Wastewater, Transportation, Telecommunication, Manufacturing, Pharmaceutical, Other (Chemical, Food & Beverage))and Regional Forecast, 2021-2028

Region : Global | Report ID: FBI102433 | Status : Ongoing

 

KEY MARKET INSIGHTS

Supervisory Control and Data Acquisition abbreviated as SCADA is a supervisory and control system used to monitor, store, and analyze real-time data of scattered assets. SCADA has a control framework that uses personal computers, graphical user interfaces and data communication networks for obtaining real-time data from isolated areas. SCADA system is implemented across different industries such as manufacturing, electric & gas utilities, telecom & IT for supervisory process management. The SCADA system collects real-time data of the asset as well as monitors, analyzes and processes it locally or from a remote location. Human Machine Interface (HMI) software is mostly incorporated into the system, which offers direct interaction of end-user with devices such as pumps, valves, sensors, motors, etc. and records them into its log for future use and analysis. SCADA system redirects power from one place to another, becoming one of the primary reasons for the increasing demand for SCADA systems in the market. SCADA system is mainly adopted due to its efficiency, data analysis & processing automation, and downtime.


Key Market Driver -

• High penetration of mobile SCADA system • Growth of big data analytics • Rapid growth in the use of cloud computing technology in Industry

Key Market Restraint -

• Risk of cyberattacks


Key Players Covered:


Siemens integrated a SCADA system in the TIA Portal to increase the digitalization of the production process. The digitalization of the industrial process includes virtual monitoring and operation control. The system can be implemented for a single to scattered multi-user stations that provide oversight and control of industrial processes from remote locations through web clients.


AVEVA Group plc. and its subsidiaries provide software and solutions for digital transformation in industrial processes. The company offers a set of HMI/ SCADA systems and intelligent solutions to integrate the number of assets or components for optimizing the industrial automation process. The optimized solution provided by the company delivers real-time monitoring and operational controlling of assets from remote locations. The company patented Citect SCADA system offer advantages such as real-time decision making, reduced latency, increased operator awareness, increased operational productivity, navigation and alarming tools, etc.


Some of the key competitors in the SCADA market include Emerson Electric Co., Schneider Electric, ABB Ltd., AVEVA Group plc, Hitachi, Ltd., JFE Engineering Corporation, Check Point Software Technologies Ltd., Yokogawa Electric Corporation.


Increasing demand for reduction in loss of materials and cost-optimized solutions are anticipated to supplement the adoption of SCADA systems in different industries such as oil and gas industries, water & wastewater processing plants, and manufacturing, among others. Real-time fault recognition in machinery becoming a significant cause in the increasing adoption of the SCADA system across the gas and hydraulics industries.


Regional Analysis


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Developed wireless network communication architecture and increment in the demand for cloud-based infrastructure are projected to increase the adoption of IoT technology in industrial verticals, which is expected to further contribute to the growth of the SCADA market in the U.S., Canada, Mexico, and related countries. The presence of major key players such as Yokogawa Electric Corporation, Mitsubishi Electric Corporation, and Omron Corporation in India, China and Japan, is expected to drive the market in the Asia Pacific region during the forecast period. An increase in the use of SCADA by power operators and service providers is likely to supplement the growth of North America SCADA market. The presence of SCADA systems providers and software providers in the region also fuelled the growth of SCADA in the region.


Segmentation






















 ATTRIBUTE


 DETAILS

By Component




  • Hardware

    • Programmable Logic Controller (PLC)

    • Remote Terminal Unit (RTU)

    • Human Machine Interface (HMU)

    • Communication System

      • Wired Communication System

      • Wireless Communication System





  • Software

  • Services



By Application




  • Power

  • Oil & Gas

  • Water & Wastewater

  • Transportation

  • Telecommunication

  • Manufacturing

  • Pharmaceutical

  • Other (Chemical, Food & Beverage)



By Geography




  • North America (U.S. and Canada)

  • Europe (UK, Germany, France, Scandinavia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)

  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

  • Latin America (Brazil, Mexico and Rest of Latin America)



Key Industry Developments



  • December 2017: Yokogawa Electric Corporation introduced web-based real-time operational management and visualization software solution for SCADA. The solution empowering modularization, application portability, and standardization which helps customers to derive maximum value from their investments over the entire system lifecycle.

  • April 2019: Yokogawa Electric Corporation launched a new version of its operational management and visualization software named FAST/TOOLS R10.04. The newly developed solution offers flexibility to deploy the system within smart IoT-enabled applications.


SCADA Market  Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

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    8850

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