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SCADA Market is Expected to Witness an Imperishable Growth by 2026

Author : Ronak Bora | Published Date : 2020-08-19 

Based on the component spectrum, the SCADA market is categorized into HMI (Human Machine Interface), PLC (Programmable Logistics Controllers), RTU (Remote Terminal Units) and others. Of these, the others segment is expected to observe a steady growth trajectory owing to progressions in SCADA programming.

This segment includes communication infrastructure, supervisory systems, etc. SCADA systems usually comprise a combination of radio and direct wired connections. However, larger systems like power stations and railways frequently utilizer SONET/SDH.

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A few known and standardized SCADA protocols also deliver information, albeit only when supervisory stations poll the RTUs.

With regards to application, the SCADA market is segmented into food & beverage, utility, water & sewage, transportation, chemical & pharmaceuticals, oil & gas and manufacturing. Of these, the utility segment is estimated to depict the highest growth rate through 2025, owing to escalating investments in smart grid development.

SCADA systems are extensively used in utility applications for various functions including the supervision of vast data variety, including water levels, currents, temperature, pressure, voltages, etc. across numerous industries. In the event of an anomaly being detected, alarms at both central and remote sites are triggered to alert operators.

On the regional front, the Latin America SCADA market is set to register appreciable growth at a rate of 4% CAGR through 2025. This growth is attributed largely to the rising prevalence of IoT and cloud computing technologies across myriad industry verticals in the region.

SCADA market is projected to surpass USD 50 billion by 2026. The market growth is attributed to the increasing adoption of automation technologies by oil & gas, utility, and manufacturing industries. SCADA allows operators to visualize the complete process of factory or machine to access real-time data. The emergence of cloud-based SCADA systems is further providing market opportunities. Cloud SCADA systems eliminate maintenance and installation fees, reducing the requirement of high capital investments. Ongoing technological advancements in SCADA due to the emergence of AI and IoT technologies is further providing market opportunities; however, increasing cyber security threats are hampering market growth. Specific malware programs are used to disrupt processes and networks ads including computer spyware and viruses. Malware poses a significant threat without specifically targeting a SCADA network, hindering the market demand.

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Some of the key players operating in the SCADA market include Emerson Electric Co., Schneider Electric SE, ABB Ltd., Rockwell Automation, Inc., Omron Corporation, Siemens AG, Honeywell International Inc., Partita IVA, Yokogawa Electric Corporation, Mitsubishi Electric, and Toshiba Infrastructure Systems & Solutions Corporation.

Table of Contents (ToC) of the report:

Chapter 4.   SCADA Market, By Component

4.1.  Key trends by component

4.2.  Human-machine Interface (HMI)

4.2.1. Market estimates and forecast, 2016 – 2026

4.3.  Programmable Logic Controller (PLC)

4.3.1. Market estimates and forecast, 2016 – 2026

4.4.  Remote terminal unit (RTU)

4.4.1. Market estimates and forecast, 2016 – 2026

4.5.  Others

4.5.1. Market estimates and forecast, 2016 – 2026

Chapter 5.   SCADA Market, By Application

5.1.  Key trends by application

5.2.  Chemical & pharmaceuticals

5.2.1. Market estimates and forecast, 2016 – 2026

5.3.  Food & beverage

5.3.1. Market estimates and forecast, 2016 – 2026

5.4.  Manufacturing

5.4.1. Market estimates and forecast, 2016 – 2026

5.5.  Oil & gas

5.5.1. Market estimates and forecast, 2016 – 2026

5.6.  Transportation

5.6.1. Market estimates and forecast, 2016 – 2026

5.7.  Utility

5.7.1. Market estimates and forecast, 2016 – 2026

5.8.  Water & sewage

5.8.1. Market estimates and forecast, 2016 – 2026

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/scada-supervisory-control-and-data-acquisition-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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