Global SCADA Market Share Is Expected To Grow At A CAGR Of 7.9% By 2030

09-Jun-2023 | Facts and Factors

According to the Facts & Factors report, the global SCADA market size was nearly $9.9 billion in 2022 and is set to increase to about $16.3 billion by 2030 along with securing the highest CAGR of 7.9% from 2023 to 2030.

global-SCADA-market-share

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SCADA, also referred to as supervisory control and data acquisition, is a tool comprising hardware & software elements enabling industrial organizations in controlling industrial processes. In addition to this, SCADA helps in monitoring, collecting, and processing real-time information. Apart from this, it interacts directly with sensors, motors, valves, human-machine interface software, and pumps. Furthermore, SCADA systems are key for various industrial firms and help in maintaining efficiency, processing information for smarter decision-making, and communicating system issues for helping in reducing downtime.

Browse the full report “SCADA Market Size, Share, Growth Analysis Report By Component (Remote Terminal Unit, Programmable Logic Controller, and Human-Machine Interface), By Offering (Hardware, Services, and Software), By End-User (Process Industries, Utilities, and Discrete Manufacturing), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030”  at https://www.fnfresearch.com/scada-market

Furthermore, SCADA systems find a slew of applications in the public and private sectors for controlling as well as maintaining efficiency. Moreover, an increase in acceptance of cloud-based SCADA tools along with infrastructural growth will steer the growth of the global SCADA market. Growing concepts of smart cities and transportation will pave the way for the growth of the market across the globe. The rise in penetration of connected technologies and machine learning in various sectors has paved the way for the growth of the market globally.

Nevertheless, a rise in the deployment costs & maintenance charges of SCADA systems can put brakes on the expansion of the SCADA industry globally. However, oil & gas units are located in remote regions and are controlled by SCADA systems with the help of sensors in a wireless sensor network, thereby generating new growth opportunities for the global industry. This, in turn, will nullify the impact of hindrances on the industry surge across the globe.

global-SCADA-market-size

Segmental Overview:

The global SCADA market is divided into components, offerings, end-user, and regions.   

The component segment of the SCADA market is sub-segmented into the programmable logic controller, remote terminal unit, and human-machine interface segments. Furthermore, the remote terminal unit segment, which accounted for the largest share of the global market in 2022, is predicted to establish its segmental dominance in the coming years. The segmental surge in the next eight years can be credited to the large-scale use of remote terminal units as major parts of SCDA systems.

On the basis of end-user, the SCADA industry across the globe is divided into utilities, process industries, and discrete manufacturing segments. The process industries segment, which held nearly half of the global industry share in 2022, is set to dominate the global industry growth in the upcoming years. The expansion of the segment in the analysis timeline can be owing to a surge in the demand for real-time visibility in the oil & gas, metal & mining, and food & beverages sectors.

In terms of the offering, the SCADA market across the globe is segmented into services, hardware, and software & industrial segments. Moreover, the services segment, which dominated the segmental growth in 2022, is anticipated to record the fastest CAGR in the forthcoming years. The segmental growth over the forecast timeline can be owing to the humungous demand for cybersecurity services during the customization of SCADA tools.

Regional Overview:

Furthermore, Europe, which contributed nearly half of the overall share of the SCADA market in 2022, is predicted to record the highest gains in the upcoming years. The regional market surge in the next few years can be subject to increasing investments in smart grid projects along with the flourishing production sector in the continent.

Report Scope

Report Attribute

Details

Market Size in 2022

USD 9.9 Billion

Projected Market Size in 2030

USD 16.3 Billion

CAGR Growth Rate

7.9% CAGR

Base Year

2022

Forecast Years

2023-2030

Key Market Players

ABB Ltd., Enbase LLC, Ing., Azbil Corporation, Schneider Electric SE, General Electric Company, Schweitzer Engineering Laboratories Inc., Capula Ltd., Rockwell Automation Inc., ELYNX TECHNOLOGIES LLC, Yokogawa Electric Corporation, TOSHIBA CORPORATION, Mitsubishi Electric Corporation Emerson Electric Co., Siemens AG, Progea srl, Willowglen Systems, Fuji Electric Co. Ltd., Valmet Oyj, Inductive Automation LLC, Punzenberger COPA-DATA GmbH., and others.

Key Segment

By Component, Offering, End-User, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

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Competitive Landscape:

Key players in the global SCADA market include ABB Ltd., Enbase LLC, Ing., Azbil Corporation, Schneider Electric SE, General Electric Company, Schweitzer Engineering Laboratories Inc., Capula Ltd., Rockwell Automation Inc., ELYNX TECHNOLOGIES LLC, Yokogawa Electric Corporation, TOSHIBA CORPORATION, Mitsubishi Electric Corporation Emerson Electric Co., Siemens AG, Progea srl, Willowglen Systems, Fuji Electric Co. Ltd., Valmet Oyj, Inductive Automation LLC, and Punzenberger COPA-DATA GmbH.  

 Recent Developments:

  • In the third quarter of 2022, Schneider Electric SE, a France-based organization specializing in digital automation & energy management, purchased AVEVA, a leading firm in the industrial software sector across the globe. The strategic initiative will assist AVEVA in aiding its software growth strategy and hybrid cloud-based subscription business prototype.
  • In the second quarter of 2022, Siemens, a Germany-based industrial production firm, purchased Senseye GmbH. The strategic move will enable Siemens in expanding its predictive maintenance & asset intelligence portfolio. 
  • In the first half of 2022, Rockwell Automation, Inc., a U.S.-based company offering industrial automation & digital transformation technologies. It introduced new software embedded with novel features providing high interaction with the Logix controller having the ability to embellish HMI animation for automatic diagnostic via Factory Talk ViewPoint web customers.

The global SCADA market is segmented as follows:

By Component

  • Remote Terminal Unit
  • Programmable Logic Controller
  • Human-Machine Interface

By Offering 

  • Hardware
  • Services
  • Software

By End-User

  • Process Industries
  • Utilities
  • Discrete Manufacturing

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

About Us:

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