Supervisory Control and Data Acquisition (SCADA) Market By Offering (Hardware, Software, Services), By Component (Human Machine Interface (HMI), Remote Terminal Unit (RTU), Programmable Logic Controller (PLC), Communication System, Others), By End User (Discrete Manufacturing, Process Industries, Utilities): Global Opportunity Analysis and Industry Forecast, 2023-2032
SCADA refers to supervisory control and data acquisition. It is a control system architecture that uses networked data communications, computers and graphical user interface for superior level of processing for supervisory management. It can monitor, gather and process the real time data which is required by the organizations to maintain efficiency and make smarter decisions. Moreover, these systems are mostly utilized for automation in industries such as water and wastewater management, power, and oil & gas. Furthermore, it allows end-users to communicate directly with equipment including valves, sensors, motors, and pumps using human-machine interface (HMI) software and store events into a log file. SCADA systems provide valuable assistance as a monitoring system in a cost-effective manner, consequently increasing the firm's operational competence. The increasing demand for industrial SCADA systems is basically driven by various key factors since these systems help to process data for wiser decisions, maintain efficiency, and notify system faults to help prevent downtime. The benefits of automated control systems over physically controlled procedures include shorter process times, better convenience, and efficiency. In addition, it allows an organization to carefully study and anticipate the optimal response to measured conditions and execute those responses automatically every time. Furthermore, SCADA systems provide a centralized interface for monitoring and controlling multiple processes or devices from a single location. This allows operators to quickly and easily make changes or adjustments to the system as needed. By automating many of the tasks involved in monitoring and controlling large-scale operations, SCADA systems can help to improve efficiency and reduce the need for manual labor. For instance, the SCADA software system can immediately alert an operator if a batch of products has a high rate of faults. To determine the root of the problem, the operator pauses the process and employs an HMI to view the SCADA system information. When the operator checks the data, software helps to discovers that a particular machine is not functioning correctly. Thus, the SCADA helps prevent further product loss by informing the operator of the issues in the devices. Several industries now employ SCADA software to manage industrial processes actively, minimize outages, increase efficiency, and assess past data. It has become the mainstay for various modern-day businesses, including, manufacturing industry, food and beverage industry, oil and gas industry, and energy and power generation industry. Moreover, SCADA systems often include remote access capabilities, allowing operators to monitor and control processes from anywhere with an internet connection. This can be particularly useful for monitoring and controlling remote or hard-to-reach equipment. Furthermore, the significant advantages of using SCADA software are increasing work efficiency, reducing product losses, and quickly fixing any device errors in the line. The notable features of this system are alarm handling, generating reports and trends, and extracting past data to aid operators in making important decisions in business operations.
Increase in penetration of mobile SCADA system and surging trend of industry 4.0 across manufacturing and processing industries is boosting the growth of the global market. In addition, Rapid growth in utilization of cloud computing technology positively impacts growth of the SCADA market. However, huge investment costs for insertion and sustentation of SCADA systems and escalating cyberattacks in the industrial networks are hampering the market growth. On the contrary, increasing advancements in wireless sensor networks is expected to offer remunerative opportunities for expansion of the SCADA market during the forecast period.
The supervisory control and data acquisition (SCADA) market is segmented on the basis of offering, component, deployment type, application, and region. On the basis of offering, the market is categorized into hardware, software and services. On the basis of component, the market is fragmented into human machine interface (HMI), remote terminal unit (RTU), programmable logic controller (PLC), communication system, and others. By end-user, it is classified into process industries, discrete manufacturing, and utilities. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the supervisory control and data acquisition (SCADA) market are ABB Ltd., Alstom SA, Emerson Electric Co., Hitachi Ltd., Honeywell International Inc., IBM Corporation, Rockwell Automation Inc., Schneider Electric SE, JFE Engineering Corporation, and Mitsubishi Electric Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
KEY BENEFITS FOR STAKEHOLDERSThe study provides an in-depth analysis of the global supervisory control and data acquisition (SCADA) market forecast along with the current and future trends to explain the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on global supervisory control and data acquisition (SCADA) market trend is provided in the report.
The Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2023 to 2032 is provided to determine the market potential.
Key Market SegmentsBy End UserDiscrete Manufacturing
Process Industries
Utilities
By OfferingHardware
Software
Services
By ComponentHuman Machine Interface (HMI)
Remote Terminal Unit (RTU)
Programmable Logic Controller (PLC)
Communication System
Others
By RegionNorth America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Hitachi, Ltd.
Honeywell International Inc.
Emerson Electric Company
Schneider Electric SE
ABB
Mitsubishi Electric Corporation
Rockwell Automation Inc.
Alstom SA
International Business Machines Corporation
JFE Engineering Corporation
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