SCADA Market to Be Worth $9.4 Billion by 2030
Meticulous Research®—a
leading global market research company, published a research report titled, ‘SCADA Market by Type (Monolithic SCADA Systems, Distributed SCADA
Systems, Networked SCADA Systems), Component (Hardware, Software,
Services), Deployment Mode, and End-use Industry (Oil & Gas, Automotive,
Food & Beverage) - Global Forecast to 2030.’
According
to this latest publication from Meticulous Research®,
the SCADA market is projected to reach $9.4 billion by 2030, at a CAGR of 9.6%
during the forecast period. The growth of this market is driven by the rising
adoption of automated technologies across Europe and Asia-Pacific, increasing
adoption of Industry 5.0, growing demand for smart and digitized production
processes, and government support & initiatives for industrial automation.
Furthermore, the increasing trend of wireless sensor networks and the
proliferation of smart factories are expected to create market growth
opportunities during the forecast period.
However,
high initial investment restrains the growth of this market. Also, the high
risk of cyber attacks is a major challenge for the players in this market.
Furthermore, the high adoption of industry 4.0 technologies and the high
performance of human-machine interface (HMI) are key trends in the SCADA
market.
The
SCADA market is segmented based on type, component, deployment mode, and
end-use industry. The study also evaluates industry competitors and analyzes
the market at the regional/country level.
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Scope:
Scope of the
Report:
SCADA Market
Assessment, by Type
·
Monolithic SCADA Systems
·
Distributed SCADA Systems
·
Networked SCADA Systems
·
Other Types
SCADA Market
Assessment, by Component
·
Hardware
o
Human-machine Interface (HMI)
o
Distribution Control Systems (DCS)
o
Remote Terminal Unit (RTU)
o
Programmable Logic Controller (PLC)
o
Process Control Systems (PCS)
o
Communication Systems
o
Other Hardware Components
·
Software
·
Services
o
Professional Services
o
Managed Services
SCADA Market
Assessment, by Deployment Mode
·
On-premise Deployments
·
Cloud-based Deployments
SCADA Market
Assessment, by End-use Industry
·
Oil & Gas
o
Pipeline Monitoring and Controls
o
Remote Equipment and Asset Monitoring
o
Off-shore Platforms and On-shore Wells
o
Other Applications
·
Automotive
o
System Monitoring
o
Automated Controls
o
Data Collection and Analysis
o
Other Applications
·
Food & Beverage
o
Monitoring Control
o
F&B Product Consistency
o
Regulatory Compliance
o
Other Applications
·
Semiconductors & Electronics
o
Smart Machinery Maintenance
o
Process Traceability
o
Elimination of Manual Operation
o
Other Applications
·
IT & Telecommunications
o
Real-time Data Analysis
o
Automation of Processes
o
Network Security
o
Other Applications
·
Agriculture
o
Greenhouse Automation
o
Irrigation Control
o
Livestock Farming
o
Other Applications
·
Pharmaceuticals and Healthcare
o
Pharmaceutical Manufacturing Processes
o
Hospital Facilities Management
o
Other Applications
·
Transportation
o
Airports & Aviation
o
Ports & Harbors
o
Railway Systems
o
Other Applications
·
Manufacturing
o
System Monitoring
o
Automated Controls
o
Data Collection and Analysis
o
Process Automation and Control
o
Other Applications
·
Other End-use Industries
SCADA Market
Assessment, by Geography
·
North America
o
U.S.
o
Canada
·
Asia-Pacific
o
China
o
Japan
o
India
o
South Korea
o
Rest of Asia-Pacific
·
Europe
o
Germany
o
U.K.
o
France
o
Italy
o
Spain
o
Rest of Europe
·
Latin America
·
Middle East & Africa
To gain more insights into
the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/scada-market-5186
Based on component, the SCADA market is segmented into hardware, software, and
services. The hardware segment is sub-segmented into human-machine interface
(HMI), distribution control systems (DCS), remote terminal unit (RTU),
programmable logic controller (PLC), process control systems (PCS),
communication systems, and other hardware components. The services segment is
sub-segmented into professional services and managed services. In 2023, the
hardware segment is expected to account for the largest share of the SCADA market.
This segment’s large market share is attributed to the high demand for HMI,
PLC, and RTUs in industrial control & automation solutions for providing
efficient results and control over the manufacturing processes, which is
driving the demand for SCADA hardware. Additionally, Industry players are
developing HMI and advanced PLCs in modern SCADA systems that can work with
cloud-based SCADA solutions.
Based on deployment mode, the SCADA market is segmented into on-premise deployments
and cloud-based deployments. In 2023, the on-premise deployments segment is
expected to account for the larger share of the SCADA market. The large market
share of this segment is mainly attributed to the high acceptance of SCADA
among large enterprises, the rising demand for comprehensive network security
and control, the increasing deployment of SCADA solutions across on-premises
organizations, and the growing demand for custom configurations to suit
organizations’ unique requirements.
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Based on end-use industry, the SCADA market is segmented into oil & gas,
automotive, food & beverage, semiconductors & electronics, IT &
telecommunications, agriculture, pharmaceuticals and healthcare,
transportation, manufacturing, and other end-use industries. In 2023, the oil
& gas segment is expected to account for the largest share of the SCADA
market. The large market share of this segment is mainly attributed to various
factors, such as upstream, midstream, and downstream applications in the oil
& gas industry are influenced by the SCADA market. SCADA application in the
oil & gas sector is used to monitor and control physical components,
telecommunication networks, and pipelines. SCADA system helps to monitor the
leakages of the oils and gases from the pipelines, which reduces the loss. This
improves the decision-making, troubleshooting, and performance efficiency of
the oil & gas sector.
Based on geography, the
SCADA market is segmented into Asia-Pacific, Europe, North America, Latin
America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to
account for the largest share of the SCADA market, followed by Europe, North
America, Latin America, and the Middle East & Africa. The Asia-Pacific
region is expected to register the largest market share during the forecast
period owing to increasing investment in smart factories, growing FDI in the
industrial sector, increasing worker safety regulations, and rising demand for
industrial control solutions in manufacturing companies.
Key Players:
The key
players operating in the 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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Key Questions Answered in the Report:
· Which are the high-growth market segments based on type,
component, deployment mode, end-use industry, and geography?
· What was the historical market size for the SCADA market?
· What are the market forecasts and estimates for 2023–2030?
· What are the major drivers, restraints, opportunities, challenges,
and trends in the SCADA market?
· Who are the major players, and what shares do they hold in the
SCADA market?
· What is the competitive landscape like in the SCADA market?
· What are the recent developments in the SCADA market?
· What strategies are adopted by the major players in the SCADA
market?
· What are the key geographic trends, and which are the high-growth
countries?
· Who are the local emerging players in the SCADA market, and how do
they compete with the other players?
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Us:
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