Supervisory Control and Data Acquisition (SCADA) Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

SCADA systems are used for automation largely by industries such as power, water & wastewater management, and oil & gas. Supervisory control and data acquisition systems with their exclusive feature such as capturing data from the distant area devices and allowing the central computer to monitor and control the processes from a particular location is expected to witness an expansion in their applications in the industry. SCADA systems offer great help as a monitoring system, in a cost-efficient manner, thereby raising the operational competence of the firm. Advantages of automated control systems over the physically controlled procedure include less process time, increased efficiency, and convenience.

MARKET SCOPE

The "Global Supervisory Control and Data Acquisition (SCADA) Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the supervisory control and data acquisition (SCADA) market with detailed market segmentation by offering, component, application, and geography. The report provides key statistics on the market status of the leading supervisory control and data acquisition (SCADA) market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on offering, the global supervisory control and data acquisition (SCADA) market is segmented into hardware, software, services
  
•   On the basis of component, the market is segmented into human-machine interface, programmable logic controller, remote terminal units, others
  
•   Based on application, the market is bifurcated into chemical and pharmaceuticals, food and beverage, oil and gas, utility, transportation, water and sewage, manufacturing, others
  

MARKET DYNAMICS

Drivers:

•   Increasing adoption of Industry 4.0 across both manufacturing and process industries.
  
•   Surging demand for emerging technologies such as IoT and artificial intelligence in industrial environments.
  
•   Growing demand for industrial mobility solutions to efficiently manage process industries.
  

Restraints

•   High capital requirement for installation and maintenance of SCADA systems
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The supervisory control and data acquisition (SCADA) market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the supervisory control and data acquisition (SCADA) market in these regions.

IMPACT OF COVID-19 ON SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA) MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the supervisory control and data acquisition (SCADA) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from supervisory control and data acquisition (SCADA) market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the supervisory control and data acquisition (SCADA) market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   ABB
  
•   Emerson Electric Co.
  
•   GENERAL ELECTRIC
  
•   Honeywell International Inc.
  
•   Omron Corporation
  
•   Progea Srl
  
•   Rockwell Automation, Inc
  
•   Schneider Electric
  
•   Siemens AG
  
•   Yokogawa Electric Corporation
  
  

The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Supervisory Control and Data Acquisition (SCADA) Report Scope