The global supervisory control and data acquisition (SCADA) market was valued at $13.2 billion in 2021 and it is expected to reach $67.6 billion at a CAGR of 15.4% between 2022 and 2032. Some of the key factors driving the growth of this market include the rising demand for automated industrial control solutions and the rising investment in the installation of automated and connected process & control systems to gain efficiency over human labor-based activities. To increase production and cut costs, many businesses are investing in automation technologies.
Industrial enterprises need SCADA systems because they process data to make better decisions, maintain efficiency, and notify system problems to save downtime. Additionally, programmable logic controllers (PLCs) or remote terminal units form the foundation of the SCADA system (RTUs). PLCs and RTUs are small computers that interface with a variety of devices, including factory equipment, HMIs, sensors, and end devices. These computers then use SCADA software to transport the data from these objects to other computers. Operators and other staff members can use the data that the SCADA software processes, distributes, and displays to analyze the information and make critical choices. For instance, the SCADA system alerts a user immediately when a batch of goods exhibits a high rate of mistakes. To identify the root of the problem, the operator pauses the activity and views the SCADA system data through an HMI. After reviewing the data, the operator finds that Machine 4 was broken. The SCADA system's capability to alert the operator to a problem enables him to address it and stop additional product loss.
Source: SAI Research
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The key driving forces behind the adoption of Industry 4.0 are the growing use of real-time data in industrial contexts for predictive maintenance and process analysis, as well as the growing requirement for industrial robots. The bulk of industrial systems and processes may be automated with Industry 4.0, enabling production facilities to operate nonstop around the clock. Additionally, it eliminates every single human error that is a part of production processes. However, the efficiency of supervisory control and data acquisition (SCADA) systems has grown due to increased R&D efforts in wireless sensor networks in SCADA as well as the explosive growth of big data and analytics, creating a major market potential opportunity.
Based on component type, the remote terminal units segment accounted for the largest share of this market and is also anticipated to drive market growth during the forecast period. RTU's primary function is to manage, gather, and transmit data from remote process equipment to a central station. The improved communication capabilities of remote terminal units (RTU) are advantageous for remote applications like freshwater reservoirs and onshore oil and gas fields. By enabling direct contact between actuators, field sensors, and central control units, they also contribute to market revenue.
In terms of application type, the transportation and automation segment has been leading the market over the past few years and this segment is also expected to accelerate the market growth during the forecast period. Oil and gas businesses all over the world are implementing automation technology to increase resource utilization and field visibility. For the automobile sector specifically, new SCADA software and solutions are being created to increase output and quality while minimizing unscheduled downtime. Additionally, the market growth will be accelerated by automakers' implementation of industrial robots, machine vision systems, and industrial control systems. On the other hand, the food and beverage segment is also projected to lead the market growth with a significant share in the future. The supervisory control and data acquisition (SCADA) system is used in the food and beverage industry for some purposes, including visualizing production, upholding quality standards, generating reporting, and packaging.
Geographically, the Europe region has been leading the market and is also projected to hold its dominant position in the future due to the presence of a lot of key players and manufacturing companies. Increased manufacturing activity has also created attractive opportunities for SCADA system deployment. Government-sponsored programs to assist the development of smart city projects will complement local business trends. On the other hand, the Asia-Pacific region is also expected to become the second-largest region after Europe over the forecast period. As a manufacturing and technology hub that will support the growth of supervisory control and data acquisition (SCADA) applications, the Asia-Pacific area is the dominant region.
According to the study, key players such as ABB Ltd (Switzerland), Azbil (Japan), Capula Ltd (U.K), Eaton Corporation (Ireland), Emerson Electric (U.S), Furukawa Group (Japan), General Electric (U.S), Hitachi (Japan), Honeywell International (U.S), IBM (U.S), Mitsubishi (Japan), Omron (Japan), Rockwell Automation (U.S), Schneider Electric (France), Siemens (Germany), Toshiba (Japan), Valmet (Finland), among others are leading the global SCADA market.
Report Coverage | Details |
Market Size in 2021 | US$ 13.2 Billion |
Market Volume Projection by 2032 | US$ 67.6 Billion |
Forecast Period 2022 to 2032 CAGR | 15.4% |
Base Year: | 2021 |
Historical Data | 2019, 2020 and 2021 |
Forecast Period | 2022 to 2032 |
Segments covered |
By Component Type: Human Machine Interface (HMI), Programmable Logic Control (PLC), Remote Terminal Units (RTU) & Others By Application Type: Chemical & Pharmaceuticals,Food & Beverage, Manufacturing,Oil & Gas,Transportation & Automation, Utility & Others |
Geographies covered |
North America, Europe, Asia-Pacific, LAMEA |
Companies covered | ABB Ltd (Switzerland), Azbil (Japan), Capula Ltd (U.K), Eaton Corporation (Ireland), Emerson Electric (U.S), Furukawa Group (Japan), General Electric (U.S), Hitachi (Japan), Honeywell International (U.S), IBM (U.S), Mitsubishi (Japan), Omron (Japan), Rockwell Automation (U.S), Schneider Electric (France), Siemens (Germany), Toshiba (Japan), Valmet (Finland), among others |
The Global SCADA Market – by Component Type:
The Global SCADA Market – by Application Type:
The Global SCADA Market – by Regions:
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