SCADA Market In Process Industry 2023-2027
The SCADA market in process industry is forecasted to grow by USD 3,202.24 mn during 2022-2027, accelerating at a CAGR of 8.64% during the forecast period. The report on the SCADA market in process industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by need to reduce energy losses in metal, mining, and mineral industries, growing demand for monitoring, visualizing, and controlling equipment in process industries, and increasing adoption of mobile SCADA systems in process industries.
Technavio's SCADA market in process industry is segmented as below:
By End-user
- Chemical industry
- Oil and gas industry
- Food and beverage industry
- Pharmaceutical industry
- Others
By Component
By Geography
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the growing demand for cloud-based SCADA systems as one of the prime reasons driving the SCADA market in process industry growth during the next few years. Also, growing popularity of open-source SCADA and rise in big data analytics will lead to sizable demand in the market.
The report on the SCADA market in process industry covers the following areas:
- SCADA market in process industry sizing
- SCADA market in process industry forecast
- SCADA market in process industry industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading SCADA market in process industry vendors that include ABB Ltd., ALSTOM SA, ANSYS Inc., Cogent Communications Holdings Inc., eLynx Technologies LLC, Emerson Electric Co., General Electric Co., GlobaLogix, HACI OMER SABANCI HOLDING A.S., Honeywell International Inc., Indi.An GmbH, Inductive Automation LLC, JFE Holdings Inc., Mitsubishi Electric Corp., OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. Also, the SCADA market in process industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.