Supervisory Control and Data Acquisition (SCADA) systems are used to remotely monitor and control industrial processes for applications in various industries including oil & gas, power generation, manufacturing, and others. SCADA systems provide real-time monitoring of industrial operations and processes through centralized data acquisition and control.
The global SCADA Market is estimated to be valued at US$ 114.61 Mn in 2023 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increased adoption of cloud-based SCADA systems is emerging as a key trend in the global SCADA market. Cloud-based SCADA solutions provide various advantages such as remote monitoring and control, mobility, data accessibility from anywhere, and cost savings associated with on-premise infrastructure and maintenance. They allow real-time monitoring of plants and machinery from any remote location through internet-enabled devices. As industrial automation continues to rise globally, cloud-based SCADA is gaining traction due to advantages such as scalability, pay-per-use pricing model, and easy upgrade of software and systems.
Segment Analysis
Hardware segment holds the major share in the Supervisory Control and Data Acquisition (SCADA) market owing to increasing adoption of SCADA systems across various industries. The hardware segment comprises HMI, PLCs, RTUs, communication infrastructure among others. Programmable logic controllers (PLCs) dominate the hardware segment as they are the core components for managing industrial processes. PLCs allow easy configuration, programming and integration of industrial control systems with SCADA software.
Key Takeaways
The Global Supervisory Control And Data Acquisition (SCADA) Market Demand is expected to witness high growth over the forecast period with increasing demand from industries such as oil & gas, chemical, power, water & wastewater management, transportation, telecommunication and more. The global SCADA Market is estimated to be valued at US$ 114.61 Mn in 2023 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023 to 2030.
North America dominates the regional segment currently holding over 30% share of the global SCADA market due to high industrialization and rapid adoption of advanced technologies across industries. However, Asia Pacific region is poised to witness fastest growth with countries like China, India projected to grow at around 10% CAGR owing to rising infrastructural activities and industrial development plans.
Europe and Latin America also offer significant growth opportunities for SCADA market players with investments in new projects across industries. Countries like Germany, UK, Brazil, Mexico are expected to contribute substantially to regional market revenues over the forecast period.
Key players related content comprises: Key players operating in the Supervisory Control and Data Acquisition (SCADA) market are ABB Ltd., Hitachi Ltd, Emerson Electric Co., Alstom, International Business Machines Corporation, Honeywell International Inc., Schneider Electric, Rockwell Automation, Inc., JFE Engineering Corporation, ICONICS, Inc., and Mitsubishi Electric Corporation. ABB Ltd dominates the global SCADA market with wide network presence and integrated solutions. Hitachi and Emerson Electric are other leading providers focusing on both hardware and software capabilities for industries.
For more details on the report, Read- https://www.dailyprbulletin.com/requirements-for-efficient-data-monitoring-and-control-systems-share
Global Supervisory Control and Data Acquisition (SCADA) Market: SnaphotSCADA systems are crucial for industrial organizations since they help to maintain efficiency, process data for smarter decisions, and communicate system issues to help mitigate downtime.Supervisory control and data acquisition (SCADA) is a system of software and hardware elements that allows industrial organizations for many purposes.They control industrial processes locally or at remote locations.
Secondly they monitor, gather, and process real-time data.
Further they directly interact with devices such as sensors, valves, pumps, motors, and more through human-machine interface (HMI) software.Companies are looking forward for more investments for infrastructure development in emerging market which emphasis global SCADA market.In countries like India and China, SCADA system is applied for smart grid techniques since they diminish power transmission and distribution losses.
The existing supply and demand gap in the oil and gas sector has increased the need for efficient search and extraction of oil and gas.Another proven factor is in certain influential markets, process automation amongst industry verticals like water and wastewater management and chemicals have also been a bg driving factor of this SCADA market.
Our research includes all necessary aspects of global SCADA market with the forecast period from 2016 to 2024.
Request For Report Sample: https://www.researchreportinsights.com/report/upsample/120124568/Supervisory-Control-and-Data-Acquisition-(SCADA)-MarketGlobal Supervisory Control and Data Acquisition (SCADA) Market: SegmentationBased on components, the market has been segmented into human machine interface (HMI), programmable logic controller (PLC), SCADA communication systems, remote terminal unit (RTU) among others.
Global Supervisory Control and Data Acquisition (SCADA) Market: SnaphotSCADA systems are crucial for industrial organizations since they help to maintain efficiency, process data for smarter decisions, and communicate system issues to help mitigate downtime.Supervisory control and data acquisition (SCADA) is a system of software and hardware elements that allows industrial organizations for many purposes.They control industrial processes locally or at remote locations.
Secondly they monitor, gather, and process real-time data.
Further they directly interact with devices such as sensors, valves, pumps, motors, and more through human-machine interface (HMI) software.Companies are looking forward for more investments for infrastructure development in emerging market which emphasis global SCADA market.In countries like India and China, SCADA system is applied for smart grid techniques since they diminish power transmission and distribution losses.
The existing supply and demand gap in the oil and gas sector has increased the need for efficient search and extraction of oil and gas.Request For Report Sample: https://www.trendsmarketresearch.com/report/sample/3582Another proven factor is in certain influential markets, process automation amongst industry verticals like water and wastewater management and chemicals have also been a bg driving factor of this SCADA market.
Our research includes all necessary aspects of global SCADA market with the forecast period from 2016 to 2025.
Global Supervisory Control and Data Acquisition (SCADA) Market: SegmentationBased on components, the market has been segmented into human machine interface (HMI), programmable logic controller (PLC), SCADA communication systems, remote terminal unit (RTU) among others.
