Overview

SCADA (Supervisory Control and Data Acquisition) market is growing significantly at a CAGR of 5% during the forecast period. SCADA is a system that allows industries and organizations to monitor, collect, control, and process real-time data and manages industrial processes even at remote locations. With human-machine interface (HMI) software, the SCADA permits end-users to directly contact devices, which includes valves sensors, motors, and pumps, and record events into a log file. As these systems aids in processing data for smarter decisions, maintaining efficiency and communication with the system issues to help mitigate downtime, the need for SCADA systems is escalating continuously. Moreover, enduring technical encroachments in SCADA due to the innovative efforts from the market players have improved the efficiency, which creates several opportunities for the market growth in near future. The basic components that a SCADA system consists of are Programmable Logic Controllers (PLC), Remote Terminal Units (RTU), and HMI. The RTU aids in the monitoring of the analog and digital parameters of the field, such as temperature or any state of particular equipment. HMI system helps to view the information graphically to the user, whereas, PLCs aids in collecting the sensor output signals to convert them into digital data.

Moreover, the growth in the adoption of cloud-based SCADA system in infrastructural development and raising awareness concerning the real-time detection of faults in the machines are the primary factors affecting the market positively. The surge in R&D activities in wireless sensors in SCADA and continuous growth in big data and analytics has substantially increased the efficiency of SCADA, which in turn, is anticipated to propel the market in near future. Whereas, high investment requirements for the setup of the SCADA system and cyber threats risks will affect the growth of the market.

Segmental Outlook

The global SCADA market is segmented on the basis of end-user as electrical power and energy, oil & gas, manufacturing, telecommunication, automotive, chemical, food & beverages, and others. Among which, the oil & gas segment is expected to grow at a significant pace during the forecast period. This is attributed to the increasing use of SCADA system to control and monitor the processing of oil via a network of pipelines. To support the management of production processes, SCADA involves a highly configurable set of industrial software applications. The key SCADA software development companies that cater to the rising demand for SCADA in the oil & gas sector includes SCADAdvantage by ABB and InForce surface control systems by General Electric Co. Thus, by utilizing SCADA, companies can easily control and gather information from remote areas to optimize oil production, increase accuracy and improve the facility control by arranging security and environmental safeguards in the workplace.

Power segment to hold a significant share in the SCADA market

Among end-users, the power and energy segment contribute a significant share in the market. The continuous infrastructural development such as smart cities and smart transport are backed with the efficient power system, which includes the installation of SCADA for monitoring of a number of assets in real-time, including sensors and equipment. This has been significantly propelling the market growth in the power and energy sector from several years. Moreover, several government initiatives for the installation of SCADA for power restorage post an outrage is another factor augmenting the growth of the market.

Global SCADA Market by End-User, 2018 (%)

Regional Outlook

On the basis of geographical viewpoint, the global SCADA market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is anticipated to project significant growth in the global SCADA market during the forecast period. This is attributed to the growing need for automation in the industrialization and increased demand for high-quality products, along with the increased production rates. In Asia-Pacific, emerging countries such as India and China majorly contribute to the growth of the market, as there are mounting industrial sectors and are regarded as the largest electricity-generating economies. For instance, in 2018, India has the fifth largest electricity installed capacity across the globe, as per the India Brand Equity Foundation (IBEF). Moreover, North America holds a significant share in the global market, owing to the presence of the large service and solution providers, such as General Electric Co., which considerably increases the adoption rate of SCADA in the manufacturing sector in the region.

Global SCADA Market by Region, 2018 (%)

Market Players Outlook

The prominent players functioning in the global SCADA market include ABB Group, AVEVA Group PLC, Diamond Technologies Inc., Emerson Electric Co., General Electric Co., Honeywell International Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. These market players are continuously contributing to the market by implementing various market techniques and approaches which includes product launch and approvals, merger and acquisition, partnership, collaborations, and others for gaining a strong position in the market. The companies are increasingly investing in product development and innovation to gain a competitive share.

Recent Developments

• In May 2019, Schneider Electric SE and Gasunie, the Netherlands-based natural gas infrastructure and transportation company, have successfully completed a natural gas grid management software replacement project. AGMS (Advanced Gas Management System) software manages the transport of gases via high-grade transmission grid. The novel gas management system software offers a latest, sophisticated and smart SCADA + Grid Management platform for the management of the natural gas grid.
• In May 2018, Schneider Electric SE collaborated and signed an agreement with Temasek Holdings for the acquisition of Electrical & Automation business of Larsen & Toubro’s to collaborate it with its Low Voltage & Industrial Automation Products operating segment in India.

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global SCADA market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.