SCADA is a software and hardware solution that allows industrial organizations to monitor, collect, and process real-time data while also controlling and monitoring industrial processes locally or remotely. Human machine interface (HMI) software can also be used by end users to interact directly with devices such as sensors, valves, pumps, and motors, as well as record occurrences in a log file. Industrial SCADA systems are in great demand because they help to maintain efficiency, process data for better decisions, and alert system defects to help reduce downtime.
SCADA Market Overview:
The Market Research Report has thoroughly examined the current definitions, classifications, applications, and the overall industrial chain structure. This analysis incorporates objective professional assessments of the present market status, historical market performance, production and consumption rates, demand and supply dynamics, and projected revenue generation. Furthermore, the study of the SCADA Market also encompasses insights into the strategic objectives and growth plans of major companies operating within the SCADA industry. This encompasses activities such as mergers and acquisitions, government and corporate transactions, collaborations, partnerships, joint ventures, brand management, marketing initiatives, and product launches. In summary, this research provides a comprehensive overview of the SCADA sector within both global and regional markets.
SCADA Market Size was worth US$ 13.50 Bn. in 2022 and total revenue is expected to grow at a rate of 6.4% CAGR from 2023 to 2029, reaching almost US$ 20.85 Bn.
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COVID-19 Impact on SCADA market:
The COVID-19 pandemic has had a significant impact on the SCADA industry. Production facilities have been halted due to the global economic downturn and a lack of personnel. The COVID-19 epidemic has caused a significant and prolonged fall in production utilization, while travel prohibitions and facility closures have kept employees away from their facilities, causing the SCADA market to decelerate in 2020. The negative impact of COVID-19 on the SCADA market, on the other hand, is likely to be brief, with the industry rebounding fast by early 2021 due to strong demand for SCADA .
SCADA Market Drivers:
Pashchimanchal Vidyut Vitran Nigam Limited (PVVNL), the energy distribution business (discom), will soon implement a supervisory control and data acquisition (SCADA) system on the network for real-time monitoring of power distribution in Noida. The growing importance of real-time data in industrial contexts for process monitoring and preventative maintenance, as well as the growing need for automation technologies, are driving Industry 4.0 adoption. With Industry 4.0, most industrial processes and systems may be automated, allowing production units to operate around the clock. It also eliminates common human errors in industrial procedures. Industry 4.0 includes cyber-physical systems, IoT, and cloud computing. SCADA systems aid in real-time reporting by collecting current and historical data and forecasting future developments.
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SCADA Market Segmentation:
by Type
Hardware
Software Services
by Component
Programmable Logic Controller
Remote Terminal Unit
Human Machine Interface
Communication devices
Other
by End User
Oil & Gas
Power
Water & Wastewater
Transportation
Telecommunications
Pharmaceuticals
Chemicals
Food & Beverages
Others
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Key Players:
The research provides an in-depth evaluation of the SCADA market and its presence in various sectors and regions. The research analyst seeks to unearth latent development potential that enterprises in various locations of the world can leverage by doing a complete geographical assessment of the sector. Global SCADA Market research provides exact information that enables market participants to compete successfully in terms of growth, sales, and other vital criteria with their most important competitors. In the research analysis, significant market components such as market drivers and obstacles are distinguished from vital development prospects and industry trends.
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
Regional Analysis:
The analysis also contains important market influencing components and regulatory developments that have an impact on market present and future trends. Some of the important components utilized to examine the market scenario for different areas include new sales, replacement sales, national demography, regulatory activities, and import-export tariffs. Furthermore, while offering forecast analysis of national data, the existence and availability of global brands, as well as the challenges they confront owing to strong or weak competition from local and domestic brands, as well as the impact of sales channels, are analyzed.
Key Questions Answered in the SCADA Market Report are:
- What is SCADA ?
- What is the expected CAGR of the SCADA market during the forecast period?
- Which region held the largest SCADA market share in 2022?
- What are the major drivers of the SCADA Market?
- What are the SCADA Market segments?
- What factors are expected to challenge the market growth during the forecast period?
Key Offerings:
- A detailed market overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments and sub-segments
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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