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Global SCADA Market Projected to Reach US$ 26 Billion by 2024

According to the latest report by IMARC Group titled, “SCADA Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market reached a value of US$ 18.6 Billion in 2018. Looking forward, the global SCADA market is expected to reach a value of US$ 26 Billion by 2024, exhibiting a CAGR of around 5.7% during 2019-2024.

SCADA is an acronym for “Supervisory Control and Data Acquisition”. A SCADA system is composed of both hardware and software components that work together to allow people to monitor processes and production assets remotely. It employs real-time data visualization and alarms to help workers improve production efficiency and minimize waste. SCADA systems operate by collecting information, transferring it back to a central site, carrying out necessary analysis, and then displaying the data on operator screens. They are used to monitor and control production processes in a wide range of industries including manufacturing, water treatment, mining, transportation, and power distribution.

SCADA systems help in improving the service quality and reliability as well as reducing maintenance and operating costs, thereby helping organizations to optimize the throughput of the entire system. Apart from this, these systems enable the end-users to maximize their efficiency by granting access to analytics, allowing them to analyze and compare the output in different situations and bring maximum efficiency. Another important factor that is boosting the sales of SCADA systems is their increasing employment in the oil and gas sector where they help in improving the extraction output, streamlining production and curbing losses.

Market Segmentation:

Breakup by Component:

  • Programmable Logic Controller (PLC)
  • Remote Terminal Units (RTU)
  • Human Machine Interface (HMI)
  • Communication Systems
  • Others

Breakup by Architecture:

  • Hardware
  • Software
  • Services

Breakup by End-User:

  • Oil and Gas
  • Power
  • Water and Wastewater
  • Manufacturing
  • Chemicals and Petrochemicals 
  • Pharmaceutical
  • Others

Regional Insights:

  • Europe
  • North America
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report has also examined the competitive landscape of global SCADA market. Some of the major players in the market are ABB Ltd., Emerson Electric Co., Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, Alstom, General Electric Co., Honeywell International, Inc., Omron Corporation, Yokogawa Electric Corporation, Iconics Inc., Elynx Technologies, LLC, Enbase LLC, Globalogix and Inductive Automation.

Key highlights of the report:

  • Market Performance
  • Market Outlook
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Competitive Structure
  • Profiles of Key Players