SCADA Market 2023 – Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Market Size & Forecast 2030
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SCADA Market
Insights:
SCADA stands for Supervisory Control
and Data Acquisition is a system of hardware and software components that
permits remote monitoring and control of commercial processes, like those found
in manufacturing, power generation, and water treatment facilities. It
typically consists of sensors and instruments that gather data from a few
processes, like temperature, pressure, and flow which is then transmitted to a
central computer, which processes the info and displays it in a human-readable format,
like graphs and charts.
Operators can use the SCADA system to
watch the method and make adjustments as required, like adjusting valve
settings or turning on and off pumps. SCADA systems also can be programmed to
detect and alert operators of abnormal conditions, like equipment failures or
leaks.
The SCADA market has been growing
steadily over the past few years and is predicted to still grow within the
coming years driven by several factors, including increasing demand for
automation and control systems in various industries like oil and gas, water
and wastewater treatment, and power generation. The worldwide SCADA market size
is predicted to grow from $13.6 billion in 2022 to $24.1 billion by 2030, at a
CAGR of 7.4% during the forecast period (2023-2030). The Asia-Pacific region is
predicted to ascertain the very best growth within the SCADA market, driven by
the increasing demand for automation in industries like power, water and
wastewater treatment, and oil and gas.
SCADA Market
Growth Drivers:
The increasing demand for automation in
various industries like oil and gas, manufacturing, water and wastewater
treatment, and power generation is one of the main drivers of the SCADA market
where it can help monitor and control their processes, reduce downtime, and
improve efficiency, resulting in cost savings and increased productivity.
The integration of SCADA with the
Internet of Things (IoT) and cloud computing has led to the event of advanced
SCADA systems which allows for straightforward access to data and reduces the
necessity for on-site maintenance. With the assistance of SCADA systems, power
generation companies can monitor and control their processes in real time,
leading to increased efficiency, reduced downtime, and improved safety.
The fourth technological revolution,
Industry 4.0, is driving the adoption of advanced technologies like SCADA
systems during which its integration with other technologies like AI, machine
learning (ML), and big data analytics is predicted to supply industries with
benefits, like predictive maintenance and increased operational efficiency. The
government regulations in various countries mandating the utilization of SCADA
systems in industries like oil and gas, water and wastewater treatment, and
power generation also are driving the expansion of the SCADA market.
SCADA Market
Segmentation:
1.
Component: Hardware, Software, Services
2.
Architecture: Centralized SCADA System, Distributed SCADA System
3.
End-User Industry: Oil & Gas Industry, Power
Generation & Transmission, Water & Wastewater Treatment, Manufacturing
Industry, Transportation Industry, Others
4. Geography: North America, Europe, Asia-Pacific,
Latin America, Middle East & Africa
SCADA Market
Component Segment Review
The hardware segment includes various
hardware components like remote terminal units (RTUs), programmable logic
controllers (PLCs), and communication infrastructure, which is predicted to
grow at a CAGR of 5.5% from 2023 to 2030. The hardware components typically
include RTUs (Remote Terminal Units), PLCs (Programmable Logic Controllers),
communication devices, sensors, and actuators. ABB Ltd., Siemens AG, Honeywell
International Inc., Emerson Electric Co., General Electric Co., and Rockwell
Automation, Inc. are some of the prominent players in this segment known for
their expertise in developing and integrating hardware components into
comprehensive SCADA systems.
The software segment includes various
software components like HMI (Human Machine Interface), data acquisition, and
data communication software with features such as real-time monitoring, data
logging, alarms, reporting, and analytics. This segment is predicted to grow at
a CAGR of 6.1% during the aforementioned period with Rockwell Automation, Inc.,
Yokogawa Electric Corporation, Mitsubishi Electric Corporation, Wonderware
(Schneider Electric), ABB Ltd., and Siemens AG, being the major players.
The services segment includes various
services like consulting, implementation, and maintenance. It's the most
important segment based on market size and is predicted to grow at a CAGR of
8.4% during the period 2023-2030. They help users to maximize the benefits of
their investments in SCADA technology and to ensure that their systems are
operating at peak performance.
SCADA Market
Architecture Segment Review
In the Centralized SCADA system,
there's a central system that monitors and controls multiple remote sites that
are typically connected to the central system via a communication network like
Ethernet, fiber optics, or satellite. The central system receives real-time
data from the remote sites and uses it to form decisions and control the
method. These systems are preferred in processes where a better level of
control is required, like within the manufacturing industry allowing a more
integrated and holistic view of the method, which can help in better
decision-making. This is the largest segment holding a significant market share
and is expected to grow at a CAGR of around 6.7% from 2023 to 2030.
Distributed SCADA system involves a
network of RTUs (Remote Terminal Units) and PLCs (Programmable Logic
Controllers) installed at different locations, connected to a central system
where data collected by each RTU/PLC is analyzed, visualized, and used for
decision-making. This architecture is preferred in large and sophisticated
industrial processes that are geographically opened up like oil & gas,
water & wastewater, and power generation & transmission where each
RTU/PLC can respond to events in its immediate area without expecting
instructions from the central system allowing more local control and faster
response times. This segment is expected to grow at a CAGR of around 6.5%
during the aforementioned period.
SCADA Market
End-User Segment Review
The oil and gas industry is one of the
largest end-users of SCADA systems used for monitoring and controlling the
production, processing, and transportation of oil and gas. They enable the
operators to monitor and control the various stages of the production process,
including drilling, pumping, and refining. This segment is expected to grow at
a CAGR of 5.6% from 2023 to 2030 with ABB Ltd., Schneider Electric SE, Siemens
AG, Honeywell International Inc., and Cimation LLC are some key players.
The SCADA systems in the power
generation and transmission industry are used for monitoring and controlling the
power generation and transmission process, including power plants, substations,
and transmission lines. They allow the operators to monitor the status of the power
grid and make necessary adjustments to ensure uninterrupted power supply. This
segment is expected to grow at a CAGR of 6.3% from 2023 to 2030.
The water and wastewater treatment
industry uses SCADA systems for monitoring and controlling the water and
wastewater treatment processes, including water intake, treatment, and
distribution, as well as wastewater collection, treatment, and discharge
allowing the operators to monitor the quality of water and wastewater, as well
as the efficiency of the treatment processes. The manufacturing industry is
another significant end-user of SCADA systems enabling the operators to monitor
the production process in real-time, identify bottlenecks and inefficiencies,
and make necessary adjustments to optimize the production process in assembly
lines and robotics.
The transportation industry uses SCADA
systems for monitoring and controlling the transportation infrastructure,
including traffic lights, toll gates, and railway signaling systems. This
enables the operators to monitor the traffic flow, optimize the traffic
signals, and ensure the safe and efficient movement of people and goods.
SCADA Market
Regional Synopsis:
North America is a mature marketplace
for SCADA systems, with a big presence of key market players driven by the
increasing demand for automation and control systems in industries like oil and
gas, water and wastewater treatment, and power generation. The market size is
expected to grow at a CAGR of 6.9% during the forecast period (2023-2030) with
the presence of major key players such as ABB Ltd., Schneider Electric SE,
Siemens AG, Emerson Electric Co., and Honeywell International Inc.
Europe is another mature marketplace
for SCADA systems driven by the increasing adoption of Industry 4.0, the
necessity for operational efficiency, the growing demand for cloud-based SCADA
systems, and the presence of major market players. The market size is expected
to grow at a CAGR of 7.3% during the forecast period (2023-2030) owing to the
presence of key players such as Omron Corporation, Yokogawa Electric
Corporation, Inductive Automation, Iconics Inc., National Instruments, and
RTSoft.
Asia-Pacific is the fastest-growing
marketplace for SCADA systems, with a big presence of emerging economies like
China and India driven by the increasing demand for automation in industries
like power, water and wastewater treatment, and oil and gas. The market is expected
to grow at a CAGR of 8.8% during the aforementioned period with the presence of
major key players such as ABB Ltd., Schneider Electric SE, Siemens AG, Emerson
Electric Co., and Honeywell International Inc.
Latin America is a growing marketplace
for SCADA systems, driven by the increasing adoption of automation within the
oil and gas industry. The market is expected to grow at a CAGR of 7.4% during
the forecast period. The Middle East
& Africa region is witnessing significant growth at a CAGR of 7.6% in the
SCADA market, driven by the increasing adoption of automation and control
systems within the oil and gas industry.
SCADA Market
Key Challenges:
With the increasing adoption of IoT and
cloud computing, the safety of SCADA systems has become a serious concern as
cyber-attacks on SCADA systems may result in data breaches, system failure, and
even physical damage to equipment. The implementation of SCADA systems involves
high capital investment, which may be a barrier to adoption for little and
medium-sized enterprises.
The interoperability of SCADA systems
with other systems and equipment is often challenging, particularly when
integrating legacy systems with new technologies which may end in communication
failures and data loss.
The implementation and maintenance of
SCADA systems require specialized skills and knowledge and the shortage of
skilled personnel is often a big challenge for the SCADA market, particularly
in emerging economies. The compatibility of SCADA systems with different
devices and platforms is often limited which may be a challenge for businesses
that operate across multiple platforms or use legacy equipment that's not
compatible with modern SCADA systems.
SCADA Market
Key Global Players:
The competitive landscape of the SCADA
market is shaped by several key factors, including:
·
Companies that have a strong global presence are better
positioned to compete in the SCADA market and can offer localized solutions as
well as support & services that are tailored to the specific needs of
customers in different regions.
·
Customers are trying to find solutions that are flexible,
scalable, and cost-effective and corporations which will offer customized
solutions that meet the precise needs of consumers are likely to realize a
competitive advantage.
·
Partnerships and collaborations aimed toward developing new
products and services that meet the evolving needs of consumers, between SCADA
vendors and other technology companies are getting more common.
·
The SCADA market is very consolidated, with a couple of
large players dominating the market characterized by mergers and acquisitions,
which are driven by the necessity to expand market share, gain access to new
technology, and increase revenue.
Numerous players are vying for market
share and investing in new technologies and product development to stay ahead
of the curve in the market. The SCADA market has several key players, including:
·
ABB Ltd.
·
Cimation LLC
·
Emerson Electric Co.
·
General Electric Co.
·
Honeywell International Inc.
·
Iconics Inc.
·
Inductive Automation
·
Mitsubishi Electric Corporation
·
National Instruments
·
Omron Corporation
·
Rockwell Automation, Inc.
·
RTSoft
·
Schneider Electric SE
·
Siemens AG
·
Wonderware (Schneider Electric)
·
Yokogawa Electric Corporation
For industries like oil and gas, power
generation, water and wastewater treatment, and manufacturing, these businesses
provide a comprehensive selection of SCADA solutions and services, which
include hardware, software, and services. These central participants have a
serious presence inside the worldwide SCADA market and are continually
enhancing to affect their whip hand. Additionally, various latest players
within the SCADA market are anticipated to play a big role within the sector in
the coming years.
The report on the SCADA market covers
the following aspects:
·
Market Overview: A general overview of the global SCADA
market, including its current size and growth projections for the future.
·
Market Segmentation: A breakdown of the market by component,
architecture, end-user, and geographic region.
·
Market Dynamics: An analysis of the key drivers, challenges,
and trends affecting the growth of the SCADA market.
·
Competitive Landscape: A comprehensive analysis of the
leading players in the SCADA market, including their market share, product
offerings, and key strategies.
·
Regional Analysis: A detailed analysis of the SCADA market
by geographic region, including market size, growth projections, and key trends
for each region.
·
Company Profiles: In-depth profiles of key players in the
SCADA market, including their business overview, product offerings, financial
performance, and recent developments.
· Market Forecast: Projections for the future growth of the SCADA market, including market size, growth rate, and key trends for the next five to ten years.
Attributes |
Details |
Base Year |
2022 |
Trend Period |
2018 – 2032 |
Forecast Period |
2023 – 2030 |
Pages |
215 |
Component Segment |
Hardware, Software, Services |
Architecture Segment |
Centralized SCADA
System, Distributed SCADA System |
End-user Segment |
Oil & Gas Industry,
Power Generation & Transmission, Water & Wastewater Treatment,
Manufacturing Industry, Transportation Industry, Others |
Company Profiles |
General Electric Co., Honeywell International Inc.,
Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation Inc.,
Schneider Electric SE, Siemens AG, and Others |
Edition |
4th edition |
Publication |
March 2023 |