SCADA Market Overview:
The SCADA Market has been thoroughly analysed in a recent report published by MMR. Offering a strategic analysis, the report covers a wide array of vital aspects, including top players, market size, share, key drivers, challenges, opportunities, competitive landscape, market attractiveness analysis, new product launches, technological innovations, and growth contributors.
Growth Potential of SCADA Market:
SCADA Market was worth US$ 14.36 Bn. in 2023 and total revenue is expected to grow at a rate of 6.4% CAGR from 2024 to 2030, reaching almost US$ 22.17 Bn.
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SCADA Market Report Scope and Research Methodology:
SCADA Market report offers a detailed analysis of the global SCADA industry. It classifies the market based on offerings, deployment mode, application, end-user industry, and region, providing valuable insights for stakeholders. The analysis also includes an in-depth assessment of past market dynamics spanning from 2018 to 2022, enabling readers to compare past trends with current market scenarios and better grasp the impact of key players.
SCADA Market Regional Insights:
North American region emerged as the leader, closely followed by Europe and the Asia Pacific. The Asia Pacific region, fueled by rapid technological advancements, is expected to experience substantial growth throughout the forecast period.
SCADA Market Segmentation:
by Type
Hardware
Software Services
The market is divided into three segments based on type: hardware, software, and services. The worldwide SCADA market is anticipated to be dominated by the services sector. The increasing demand for services that enable supervisory automation control and data acquisition End Users with improved efficiency, high dependability, and enhanced visualisation is associated with this market expansion. Furthermore, it is anticipated that rising need for real-time data collecting will accelerate the expansion of the SCADA market.
by Component
Programmable Logic Controller
Remote Terminal Unit
Human Machine Interface
Communication devices
Other
The market is divided into four segments based on component: communication devices, remote terminal units, programmable logic controllers, and human-machine interfaces. The RTU category is anticipated to hold the largest share of the SCADA market over the forecast period. An RTU is an electrical device that is one of the fundamental parts of a SCADA system. It gathers information, transforms it into a format that can be transmitted, and then forwards it to the primary system. Several RTUs are used in a SCADA system to do this. Since the most frequent end-user industry for SCADA systems is oil and gas, shale gas and deep-sea exploration and extraction are factors in the growing need for RTUs.
by End User
Oil & Gas
Power
Water & Wastewater
Transportation
Telecommunications
Pharmaceuticals
Chemicals
Food & Beverages
Others
Electrical Power, Oil & Gas, Water & Wastewater, Manufacturing, Transportation, Telecommunication, Chemicals, Food & Beverages, Pharmaceuticals, and Automotive are the market's sub-segments based on end users. The increasing use of industrial automation and control systems in automotive manufacturing and process facilities to boost output, efficiency, and decrease human labour is one of the main factors propelling the automotive segment. Another is the growing demand for real-time data collection in order to monitor and control industrial machinery and manufacturing processes.
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SCADA Market Key Players:
1. IBM Corporation
2. Siemens AG
3. General Electric
4. Cisco Systems, Inc
5. Alstom
6. ABB Ltd
7. Emerson Electric Co.
8. Rockwell Automation, Inc.
9. Schneider Electric SE
10.Alstom
11.Honeywell International, Inc.
12.Omron Corporation
13.Yokogawa Electric Corporation
14.Iconics Inc.
15.Elynx Technologies, LLC
16.Enbase LLC
17.Globalogix
18.Inductive Automation
19.Deagital Sas
20.Mitsubishi Electric
21.Hitachi LTD
22.JFE Engineering Corporation
23.Partita IVA
24.Toshiba Infrastructure Systems & Solutions Corporation
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Key questions answered in SCADA Market are:
- What is the demand pattern for the SCADA market?
- What is the expected SCADA Market size by the end of the forecast period?
- What are the global trends in the SCADA Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for SCADA Market?
- How is the intervention from regulatory authority is shaping the SCADA Market?
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