The report "SCADA Market
by Component (Programmable Logic Controller, Remote Terminal Unit,
Human-Machine Interface, Communication Systems), Architecture (Hardware,
Software, Services), Industry, and Geography - Global Forecast to 2024"
The SCADA market is projected to grow from USD 11.0 billion in 2019 to
USD 15.2 billion by 2024; it is expected to grow at a CAGR of 6.7%
during 2019–2024. The growth of the SCADA market is propelled by factors
such as high demand for industrial mobility solutions to efficiently
manage process industries, increased adoption of Industry 4.0 in process
industries, and increased use of software platforms such as IoT and
edge computing.
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=19487518
Browse 66 market data Tables and 61 Figures spread through 177 Pages and in-depth TOC on "SCADA Market"
Key
players offering SCADA solutions include Schneider Electric (France),
ABB (Switzerland), Siemens (Germany), Emerson Electric (US), Rockwell
Automation (US), while other major players in this market include
General Electric (US), Honeywell International (US), Yokogawa Electric
(Japan), and OMRON (Japan). These players operate globally and provide
solutions and components related to SCADA.
SCADA market for communication systems is expected to grow at highest rate from 2019 to 2024
Communication
systems are considered as the most important factor for the development
of the SCADA market at present. Due to the geographically dispersed oil
and gas platforms, it is important to have proper communication
systems. Currently, companies have started implementing satellite
communication for SCADA systems. Moreover, growth in cyber threats has
led to an increase in the adoption of advanced and sophisticated
communication systems.
Water & wastewater industry to witness highest growth from 2019 to 2024
Wastewater
treatment processes are designed to achieve improvements in the quality
of recycled wastewater. Various treatment processes may reduce
biodegradable organics, bacteria, and hardness of the water. SCADA can
operate reduce costs in the long run, along with ensuring reliable
system operations through support services that predict, prevent, and
react to operational issues and reduce the possibility of downtime.
SCADA systems are also used in a water and wastewater treatment plant
for constantly monitoring and regulating the water flow, reservoir
levels, and pipe pressure.
Americas expected to hold second-largest share of SCADA market during forecast period
The
application of the SCADA system in the fields of oil & gas, power,
water & wastewater treatment, and others has shown tremendous growth
in the US. In the oil & gas industry, traditional SCADA systems
have been introduced for the new application, which has helped to
identify, diagnose, and repair faults in the pipeline network. Also, the
shale gas development, as natural gas in the US, has revolutionized the
SCADA market. The shale gas is trapped in a shale formation, which is
brought up to the surface using the Fracking technique, also known as
hydraulic fracturing.
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