SCADA Market Registering a Strong Growth by 2025

Global SCADA Market: Overview

SCADA stands for supervisory control and data acquisition, an independent control system in other words, which is essential for proper functioning of numerous industries including energy, oil and gas, water, manufacturing, power, transportation, and recycling. SCADA helps these large-scale organizations and companies to maintain and enhance their efficiency via better communication and swift distribution of data between different departments. Some of the common examples of SCADA in real-life World can be refrigeration system in a hypermarket or supermarket, production and safety controls at a refinery or waste water treatment plant, and even energy controls at a home. Via SCADA systems, significant amount of time and money can be saved, and these glaring benefits are gaining popularity among the consumers. Consequently, the demand in the global SCADA market is projected for a robust growth rate during the forecast period of 2017 to 2025.

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Global SCADA Market: Key Trends

SCADA collects analytical data that can be used to generate decisive reports and in turn supervise the future actions. Growing demand for safety assurance at organizations is one of the primary driver in the global SCADA market, while the need to minimize transmission and distribution loss and the integration of cloud computing in corporate IT are some of the other important factors augmenting the demand for SCADA. In the oil and gas industry, wherein exploration and production activities are in full swing, SCADA helps in maintenance of safety protocols, preserves the environment, and reduces operational costs by enhancing the quality of drilling outcomes. On the other hand, cyber-attacks and lack of awareness pertaining to IT trends are two important factors hindering the SCADA market from achieving its full potential. Management issues as a result of the data generated are also expected to challenge the global market for SCADA during the forecast period.

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Based on component, the SCADA market can be segmented into human machine interface (HMI), remote terminal unit (RTU), programmable logic unit (PLC), and communication. Application-wise, the market can be categorized into manufacturing, telecommunication, electrical power, oil and gas, water and waste-water, chemicals, pharmaceuticals, and food and beverages. On the basis of architecture, the market can be bifurcated into software, hardware, and services.

Global SCADA Market: Market Potential

In the recent past, the advancements in the SCADA owing to continuous efforts from the players in order to gain ground over their competitors in the SCADA market has significantly increased the efficiency of the system. Going forward, further improvements to SCADA system are expected, which will in turn opening new opportunities for the stakeholders. Evolving field of the Internet of Things and ubiquity of smartphones, to which SCADA systems can be easily embedded in order to access work progress of employees, is another futuristic favorable factor for the global SCADA market.

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Global SCADA Market: Regional Outlook

North America currently is the most lucrative region for the vendors operating in the global SCADA market, which is a reflection of growing demand for process automation systems in several end-use industries including electrical power generation and the oil and gas sector. Increase investments in technology for the development of reliable power management in countries such as the U.S. and Canada is expected to maintain North America as most profitable region in SCADA market throughout the forecast period. Germany accounts for the maximum demand for SCADA systems from Europe, which is attributed to rising concern over the purification of shale gas and escalating demand for advanced power in the country.

Global SCADA Market: Competitive Landscape

Siemens AG, Schneider Electric SE, ABB Ltd., Honey well International Inc., Emerson Electric Co., and Rockwell Automation Inc. are six leading companies in fairly consolidated and highly competitive global SCADA market. In the near future, mergers and acquisition of smaller players is expected to help these market leaders to gain ground over their competitors.

Technological Advancements to Help Global SCADA Market Pick Pace

San Francisco, California, February 22, 2018: A recent market research report by TMR Research presents a comprehensive account of the global market for supervisory control and data acquisition (SCADA) systems. The report, titled “SCADA Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025.”

The study on the global SCADA market analyzes the industry by segmenting it on the basis of component, application, architecture, and geographical region. The market, which is integral to a number of industrial sectors, is poised for strong growth. This growth will be brought about by numerous factors, which are discussed in depth in the report. Both current and future market trends are discussed in detail in the report.

The report segments the global SCADA market based on component into remote terminal unit, human machine interface, communication, and programmable logic unit. Based on area of use or application, the global SCADA market is segmented into telecommunication, manufacturing, oil and gas, water and wastewater, electrical power, food and beverages, pharmaceuticals, and chemicals. Based on architecture, the global SCADA market is segmented into services, hardware, and software.

The report is pertinent to industry stakeholders such as manufacturers of SCADA components and modules, installers and integrators of SCADA modules, investors, government agencies, and research companies. A large number of companies from a varied set of industries are increasingly realizing the necessity of SCADA systems for the proper functioning of internal operations, cost reductions, safety assurance at organizational levels. Keeping this in view, the report endeavors to answer all the important questions related to the SCADA market and offer definitive forecasts and estimates from 2017 to 2025.

The market is expected to be driven due to the increased demand for SCADA systems in industries such as power, water and wastewater treatment, electrical and electronics, automotive, chemical, and petrochemical. The vast technological developments in the field of SCADA systems in the past few years are also expected to further drive the global SCADA market. The market is also benefitting from the vast rise in demand for mobile monitoring and big data analytics in the past few years.

The rising integration of SCADA systems is helping the industrial sector bring down the chances of errors, thus accelerating their decision-making capability and enhancing profitability. Moreover, the use of SCADA for identifying potential errors in internal systems through predictive modeling, forecasting, and statistical analysis is also gaining prominence in the overall market. These factors are also compelling the increased usage of SCADA systems across a number of industries.

The research report provides a detailed and clear evaluation of the competitive landscape of the global SCADA market, profiling some of the leading companies in the market on the basis of regional and industry segments. The global SCADA market report includes a detailed section covering some of the crucial aspects of the competitive landscape of the market and presents an overview of aspects such as recent developments, introduction of innovative products, market size, leading contributors in terms of technological advancements and new products, growth prospects, and business strategies adopted by leading vendors.

It has been observed that the vendor landscape of the market is fairly consolidated and largely competitive. Some of the leading companies operating in the global SCADA market are ABB Ltd., Siemens AG, Emerson Electric Co., Honey well International Inc., Schneider Electric SE, and Rockwell Automation Inc.

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SCADA Market for Water and Wastewater Management to Benefit Massively from Utility Infrastructure Upgrade Activities

Supervisory control and data acquisition (SCADA) systems refer to variety of complex software products that are used for the purpose of analyzing and gathering real-time data concerned with a variety of entities. SCADA networks are used to monitor and control a variety of industrial devices and sensors in a system remotely, and communicate their statuses with a central data processor. In the field of water and wastewater management, SCADA systems are used for the effective management of water and wastewater resources.

In the recent years, the global SCADA market for water and wastewater management has witnessed a significant rise in research and development activities and a number of highly sophisticated products have entered the global market. The highly advanced SCADA systems of the present times are capable of effectively managing the dynamic changes that are occurring in the water and wastewater infrastructure across the globe.

In a recent market research report, Transparency Market Research states that the global SCADA market for water and wastewater management will register a healthy 5.6% CAGR over the period between 2015 and 2025. If the numbers holds true, the market could rise from a valuation of US$1,267.4 mn in 2015 to an opportunity of US$2,172.1 mn by 2025.

What factors will play a key role in the future growth of the market?

One of the key factors expected to drive the global SCADA market for water and wastewater management is the increased penetration of smart devices and a variety of sensors in water utility infrastructure across the globe. The increased demand for upgrading existing infrastructure so as to serve the mounting global population effectively is also massively contributing to the overall development of the global SCADA market for water and wastewater management. In the near future, the increased need for technological upgrades in water utility and wastewater processing, especially in developing economies across industrially thriving regions such as Asia Pacific will also lead to healthy growth opportunities for the global SCADA market for water and wastewater management.

The easy and increased availability of technologically advanced products having an improved set of capabilities and functionalities, the rapid pace of development of constituent elements that are flexible, and the massive improvement in the area of data communications are also helping SCADA systems gain increased penetration in the water and wastewater management sector. Moreover, strict environment-protection regulations and depleting sources of freshwater are also compelling countries to improve their water and wastewater management systems, thus developing the need for advanced technologies such as SCADA.

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Which region presents the most attractive growth opportunities for the market?

Of the key regional markets for SCADA in the field of water and wastewater management, the market in Asia Pacific is expected to emerge the most lucrative and the one with the most promising growth opportunities in the next few years. The thriving industrial sector, massive rise in population, depleting freshwater resources, and rising concerns regarding the harmful impact of industrial wastewater on the environment are all leading to increased focus on the improvement of utility infrastructure in emerging economies in the region. This has brought a massive rise in adoption of SCADA systems in the water and wastewater management industries.

In developed economies across regions such and North America and Europe, SCADA is already a core technique used for managing the advanced utility infrastructures. These regions could also present promising growth opportunities to the global SCADA market for water and wastewater management.