PUBLISHER: The Business Research Company | PRODUCT CODE: 1270607
PUBLISHER: The Business Research Company | PRODUCT CODE: 1270607
“SCADA Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on scada market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for scada ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The scada market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Major players in the scada market are Rockwell Automation Inc., Schneider Electric SE, Emerson Electric Co., Siemens AG, ABB Ltd., Mitsubishi Electric Corporation, Yokogawa Electric Corporation, Omron Corporation, Hitachi Ltd., Honeywell International Inc., Toshiba Corporation, Fuji Electric Co. Ltd., Elynx Technologies LLC, Schweitzer Engineering Laboratories Inc., and Inductive Automation LLC.
The global SCADA market is expected to grow from $11.06 billion in 2022 to $11.92 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The SCADA market is expected to grow to $16.02 billion in 2027 at a CAGR of 7.7%.
The SCADA market consists of revenues earned by entities by providing SCADA services to automate industrial operations through software. The market value includes the value of related goods sold by the service provider or included within the service offering. The SCADA market also includes sales of sensors and actuators, SCADA field controllers, and SCADA supervisory computers which are used in providing SCADA services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
SCADA stands for supervisory control and data acquisition, which is a system software program used to handle industrial processes by acquiring data in real-time from remote places in order to regulate equipment and conditions. It assists the industrial organization with the tools they need to develop and implement data-driven choices about its industrial processes.
Asia-Pacific was the largest region in the SCADA market in 2022. The regions covered in the SCADA market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main offerings of SCADA are hardware, software and services. Hardware refers to computer components that are made up of physical parts such as internal components and externally linked devices. The components involved are programmable logic controller (PLC), remote terminal unit (RTU), human-machine interface (HMI), communication system and others that are deployed on-premise and cloud. The applications include chemical and pharmaceuticals, food and beverage, manufacturing, oil and gas, transportation, utility and water and sewage.
The growth of the oil and gas sector is expected to propel the growth of the SCADA market. The oil and gas sector refers to the sector of industry focused on the exploration, observations, development, drilling, production, extraction, refining, distribution, and transportation of hydrocarbons from the oil rigs to the consumers. In the oil and gas industry, SCADA software monitors and controls pipelines, and measures gas well production remotely. It offers asset optimization with greater visibility of the field and enhances safety by streamlining the process. For instance, in October 2022, according to the World Oil Outlook report published by OPEC (Organization of the Petroleum Exporting Countries), an Austria-based intergovernmental organization for oil, global primary energy demand is expected to rise by 23% by 2045. Furthermore, global oil consumption is expected to rise from about 97 million barrels per day (mb/d) in 2021 to around 110 million barrels per day (mb/d) in 2045, with refining capacity is expected to be 15.5 million barrels per day (mb/d) between 2022 and 2045. Therefore, the growth of the oil and gas sector is expected to propel demand for the SCADA market.
Product innovations have emerged as a key trend gaining popularity in the SCADA market. Major companies operating in the SCADA market are focusing on product innovations to strengthen their market position. For instance, in October 2022, Emerson Electric Co., a US-based manufacturer and provider of engineering services and products for industrial, commercial, and consumer markets, launched an advanced automation platform, Movicon.NExT 4.2. It offers a simple interface that links to any field device, control system, or enterprise system, providing users and original equipment manufacturers (OEMs) with the data and insights required to achieve operational excellence. It is quick, secure, and efficient, and it provides superior performance, rapid application development, and enhanced connectivity.
In June 2022, Siemens AG, a Germany-based industrial manufacturing company acquired Senseye- predictive maintenance and asset intelligence for an undisclosed amount. With this acquisition, Siemens is expanding its offering in the areas of innovative predictive maintenance, asset information, and digital business services. Senseye is a UK-based provider of cloud software for predictive maintenance, assisting firms in avoiding downtime and saving money by automatically projecting machine failure without the need for specialist manual analysis.
The countries covered in the SCADA market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The SCADA market research report is one of a series of new reports from The Business Research Company that provides SCADA market statistics, including SCADA industry global market size, regional shares, competitors with SCADA market share, detailed SCADA market segments, market trends, and opportunities, and any further data you may need to thrive in the SCADA industry. This SCADA market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.