Meticulous Research® – a leading global market research company published a research report titled “SCADA Marketby Component (Hardware, Software, Services), Deployment (On-premises, Cloud-based, Hybrid), End User (Oil & Gas, Automotive, Food & Beverage, Power, Semiconductors & Electronics, Chemicals & Materials)– GlobalForecast to2028.”
According to the latest publication from Meticulous Research®, the global supervisory control and dataacquisition (SCADA)market is projected toreach $57.2 billion by 2028, growing at a CAGR of 14.7% during the forecast period. The global SCADA market is witnessing growth due to the rising adoption of efficient control & monitoring solutions in industrial processes and growing demand for systems that monitor & control the manufacturing and industrial processes. These systems aid companies in reducingproductionwasteandenhancing overall manufacturing efficiency withthehelp of trends and insights provided to the management. However, cyber threats associated with the SCADA systems where datais stored is restraining thegrowth of this market.
The SCADA market is gaining high pace dueto several strategic developments adopted by industry leaders todeveloptheir product portfolio. For instance, in April 2021, Mitsubishi Electric Corporation (Japan), an electrical product manufacturer and automation solution provider, renewed its SCADA lineup named GENESIS64toprovidetwosoftwarefor system monitoring and process control.
The market is segmented based on component (hardware [Programmable logic controller (PLC), remote terminal unit (RTU), communication systems, human-machine interface (HMI), other hardware components], software, services [professional services, managed services]), deployment mode(on-premise, cloud-based,and hybrid), and end user (oil & gas, chemicals & materials, paper & pulp, pharmaceuticals & biotech, mining & metals, food & beverage, power, consumer goods, automotive, machines & tools, semiconductors & electronics, aerospace & defense, and other end users). The studyalso evaluates industry competitors and analyses themarket at a country level.
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Scope:
SCADAMarketbyComponent
• Hardware
o Programmable Logic Controller (PLC)
o Remote Terminal Unit (RTU)
o Communication Systems
o Human-machine Interface(HMI)
o OtherHardware Components
• Software
• Services
o Professional Services
o Managed Services
SCADAMarketbyDeploymentMode
• On-premise
• Cloud-based
• Hybrid
SCADAMarketbyEndUser
• Oil & Gas
• Chemicals & Materials
• Paper & Pulp
• Pharmaceuticals & Biotech
• Mining & Metals
• Food & Beverage
• Power
• Consumer Goods
• Automotive
• Machines & Tools
• Semiconductors & Electronics
• Aerospace & Defense
• OtherEnd Users
SCADAMarketbyGeography
• NorthAmerica
o U.S.
o Canada
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
o Rest of Europe
• Asia-Pacific (APAC)
o China
o India
o Japan
o SouthKorea
o Rest of APAC
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• MiddleEast & Africa (MEA)
o UAE
o SaudiArabia
o SouthAfrica
o Rest of theMEA
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Based on component, the SCADA market is segmented into hardware, software, and services. In 2021,theservices segment isestimated toaccount forthelargest share ofthemarket duetothegrowing demand for installation, maintenance, repair, and training services associated with SCADA systems. The demand for efficient, professional services is expected to grow as companies offer services that will offerclients easy understandingand usage of SCADA systems.
Basedondeployment mode, the market is segmented into on-premise, cloud-based,and hybrid. The cloud-based segment will witness high demand over the forecast timeline due to the increasing transformation of conventional industrial control systems to cloud-based SCADA systems. With the deployment of on-cloud SCADA solutions, companies can limit their IT costs as they are outsourced toprovide support and maintenance for in-house servers.
Basedonenduser, the SCADA market is segmented into oil & gas, chemicals & materials, paper & pulp, pharmaceuticals & biotech, mining & metals, food & beverage, power, consumer goods, automotive, machines & tools, semiconductors & electronics, aerospace & defense, and other end users. The food & beverage segment is expected to register the highest CAGR during the forecast period dueto thehigh adoptionof manufacturing automation and process control solutions across the F&B sector. SCADA improves production efficiency and increases profitability in the F&B plants. Deployment of SCADA in the processing and packaging part of the F&B industry offers enhanced integration, predictive & preventive maintenance, and traceability.
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This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (U.K., Germany, France, Italy, Spain, Russia, and RoE), AsiaPacific (China, India, Japan, South Korea, and RoAPAC), Latin America (Brazil, Mexico, and RoLATAM), the Middle East & Africa (UAE, Saudi Arabia, South Africa, and RoMEA). Europe is expected to grow at the highest CAGR during the forecast period due to the rapid transformation of European industriesintosmart factories. The Europeanmanufacturers are rapidly adoptingautomation and Industry4.0 technologies, further supporting the demand for SCADA systems. High labor costs and limited availability in the region compels manufacturers to install automated solutions for all processes in themanufacturing & industrial settings.
KeyPlayers
The key players operating in the global SCADA market are Rockwell Automation, Inc. (U.S.), Siemens AG (Germany), Eaton Corporation plc (Ireland), Schneider Electric SE (France), ABB Ltd (Switzerland), Yokogawa Electric Corporation (Japan), General Electric Company (U.S.), Emerson Electric Co. (U.S.), Honeywell International, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), Pilz GmbH & Co. KG (Germany), Survalent Technology Corporation (Canada), Valmet (Finland), and Hitachi, Ltd.(Japan).
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Keyquestions answeredinthereport:
• Which are the high growth market segments in terms of component, deployment, end user, and region/countries?
• What was thehistorical market for SCADA across the globe?
• What are the market forecasts and estimates forthe period 2021–2028 in terms of revenue?
• What are the major drivers, restraints, and opportunities in the global SCADA market?
• Who are themajor players in the SCADA market?
• How is thecompetitive landscape, and who are the market leaders in the global SCADA market?
• What are the recent developments in the global SCADA market?
• What are the different strategiesadopted bythe major players in theglobal SCADA market?
• What are the geographical trends and high growthregions/countries?
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