SCADA (Supervisory Control and Data Acquisition) Market 2024

SCADA (Supervisory Control and Data Acquisition) Market 2024

The driving force behind the growth of the SCADA industry is the increasing emphasis on operational innovation, particularly in terms of autonomously gathering, monitoring, processing, recording, and transmitting data to a centralized tower. This trend is fueled by the growing adoption of SCADA systems in the energy and utility sectors, where the scope of usage is expanding due to the implementation of global smart grid projects. it is projected that the global SCADA market size will reach USD 8,203 million by 2029, with a CAGR of 4.5% from 2024 to 2029.

The global SCADA market can be categorized into three components: hardware, software, and services, each pertaining to specific time periods. This market offers substantial long-term business opportunities for suppliers. Currently, approximately one-third of the revenue is generated from services associated with past installations. This indicates a consistent demand for support and maintenance in the market. Furthermore, the installed base of SCADA systems continues to expand due to the presence of multiple vendors, including suppliers of PLC (Programmable Logic Controller), DCS (Distributed Control System), and pure-play SCADA solutions. In terms of market dominance, the hardware segment held the largest share in 2023. It is projected to reach a value of USD 3,526 million by 2029. Conversely, during the forecast period from 2024 to 2029, the hardware segment is expected to exhibit the highest compound annual growth rate (CAGR) of 4.8%.

The SCADA market is experiencing significant growth, driven by various factors and the increasing demand for renewable energy and environmental protection. The use of renewable energy sources for power generation is on the rise, which has led to a decentralized form of power generation. Consequently, this trend is expected to boost the SCADA systems market. The SCADA market can be divided into power, oil & gas, water treatment, and others. The power segment is projected to reach USD 4,851 million by 2029, representing a CAGR of 4.9% over the forecast period of 2024 to 2029.

The SCADA market primarily consists of three main channels for sales: direct sales, distributors, and other avenues. In terms of revenue, the direct sales segment dominated the global SCADA market in 2023. Direct sales serve as the primary means through which SCADA systems are sold, and this approach is adopted to ensure transparent communication with customers.

In terms of geography, Asia-Pacific has emerged as the dominant player, capturing a significant share of 33.8% in 2023. This growth can be attributed to the greenfield opportunities in the emerging economies of Asia-Pacific, where there is a strong emphasis on investing in SCADA systems for monitoring and control purposes.Prominent vendors shaping competitive dynamics include ABB, Ltd., General Electric Company, Schneider Electric SE, Siemens AG, Hitachi, Ltd., Mitsubishi Electric Corporation, Honeywell International Inc., Yokogawa Electric Corporation, Emerson Electric Co., Rockwell Automation Inc., Fuji Electric Co., Ltd., among other players.

This study aims to analyze the global market for various segments of SCADA, including:

Component: Hardware, Software, and Services.
End-User: Power, Oil & Gas, Water Treatment, and Others.Distribution Channel: Direct Sales, Distributors, and Others.
Region: North America (USA, Canada, and Mexico), Europe (Germany, France, UK, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia Pacific), Latin America (Brazil and Rest of Latin America), Middle East, and Africa.