Supervisory control and data acquisition market

The global SCADA Market size was valued at US$ 9.99 Billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 8.00% from 2023 to 2030. Supervisory control and data acquisition is a combined system of software and hardware that allows industrial organizations to monitor, gather, and process real-time data in various fields. It aids in controlling industrial process locally or from a remote location. SCADA helps in establishing interaction with devices, sensors, valves, pumps, and motors and maintains log files.

The global SCADA market is expected to witness significant growth during the forecast period (2023–2030). The market is driving by the increasing demand for real-time detection and minimization of flaws in industrial processes. As the use of SCADA helps in detecting and minimizing the flaws in more efficient manner. Furthermore, the technology also helps in efficient distribution of power via re-routing.

Global SCADA Market: Regional Insights

North America is expected to account for the largest market share in the SCADA market, while Asia Pacific is expected to witness fastest growth in the market over the forecast period. The market growth in North America is attributed to the presence of large number of market players such as Emerson Electric Co, Honeywell International Inc, Rockwell Automation, Inc. and increasing need to supervise and control industrial processes.

In Asia Pacific region, the automotive and other industries are focusing on investment strategies to digitize the manufacturing operation processes. According to Coherent Market Insights around US$ 101 billion investment is expected over the forecast period for smart grid technology development in China.  Increasing demand for SCADA services among water and waste water management and energy distribution in emerging economies of Asia Pacific is expected to boost the market growth.

In addition, In Asia Pacific the adoption of SCADA for automation, water and waste water management, and energy distribution is growing due to which several automotive manufacturers such as Tata Motors Company, Honda Motor Co., Ltd. And Mahindra & Mahindra Ltd. These manufacturers are utilizing wireless communication technologies to update/substitute part of hardwired SCADA system arrangements to avail its benefits with reduced costs and better performance.

Figure 1: Global SCADA Market Share (%), By Region, 2022

Global Supervisory control and data acquisition (SCADA) Drivers:

Increasing Adoption Of Connected Devices, Big Data, Cloud, Mobility, IOT, And Advanced Analytics In Industrial Environment Is Expected (SCADA) Market Growth.

SCADA system consists of large number of components such as operating equipment (pumps, valves, conveyers, and substation breakers); local processors to communicate with equipment and site’s instruments including programmable logic controller (PLC), remote thermal unit (RTU), intelligent electronic device (IED), and process automation controller (PAC); instruments to sense pH, temperature, pressure, power level, and flow rate; short range communications and long range communications; and host computers, which is a central point of monitoring and control where an operator supervises all the processes such as receiving alarms, reviewing of data, and exercise control. These components offer better automation and reduce complexity in the overall process.

Several business such as General Motors Company, Honda and Metasphere Ltd have implemented SCADA technology for controlling and monitoring connected devices, owing to its unique features that include, intelligent alarming, web connectivity, SCADA playback, data visualizations, data and alarm query, automating switching power flow analysis, and NOMADIC access.

Moreover, increasing demand for maintaining transparency in strategies and operational processes is also expected to boost demand for SCADA. The technology improves business operational efficiencies by automating various operational routine tasks, setting timely objectives, and maintaining transparency and security in the data related operations.

Increased Consumers Spending On Technologically Advanced Infrastructure

Increased consumer spending on infrastructure upgrading due to which the investment smart grid initiatives is growing. Similarly, increased manufacturing activity, Government-sponsored programmers to assist the development of smart city projects will complement local business trends created lucrative opportunities for SCADA system market.

Global SCADA Market Opportunities:

 Growing Trend Towards Industry 4.0

The expansion of the market is accelerated by the emergence of industry 4.0 in both the manufacturing and process industries. They have implemented these services as a part of their digitization efforts. SCADA, or supervisory control and data acquisition, is used by many governments. Additionally, the market for supervisory control and data acquisition (SCADA) is positively impacted by rising urbanization, a shift in lifestyle, growing investments, and higher consumer spending.

Growing Technological Advanced of SCADA systems

The usage of 5G technology in industrial settings, an increase in the number of innovations in wireless sensor networks and their implementation in SCADA, as well as big data analytics in SCADA systems, all create lucrative prospects for market participants over the projection period of 2023 to 2030. Further, the market is expected to grow due to growing demand of cloud-based SCADA systems over on-premises ones.

Global Supervisory Control and Data Acquisition (SCADA) Market Trends:

Rising Development in Wireless Sensors Network

Increasing wireless sensor network advancements and their use in process industries many industries, including oil & gas, pharmaceuticals, and water & wastewater treatment, are utilizing wireless sensor networks (WSN). Oil and gas facilities are typically found in isolated locations with challenging environmental conditions. A SCADA system in an oil and gas facility uses sensors placed in a WSN to monitor, manage, and operate tanks, compressors, generators, and separators. The price of setting up a sensor network and communication system is decreased by using a WSN. Additionally, they assist in overcoming the shortcomings of wired industrial networks because of their simple setup and flexibility.

Further, the growing R&D in the field of WSN and its active adoption in SCADA systems would increase the application of SCADA is expected to increase. Also

Global Supervisory control and data acquisition (SCADA) Market Restraints:

High Cost Associated With Installation and Maintenance of SCADA Systems

The initial capital and maintenance costs associated with SCADA systems are high. Components included in SCADA systems, such as centralized computer equipment and software, are highly expensive. If more concurrent users such as consulting engineers, system integrators, service providers, facility managers and owners are there in the industrial facility, the SCADA system will be more expensive. Thus, in SCADA system, a greater number of users may lead to the additional hardware cost. Similarly, installing a SCADA system and training the operator.

Figure 2: Global SCADA Market Share (%), By Offering Type, 2022

Global SCADA Market Segmentation:

The Global SCADA Market Report Is Segmented Into Offering Type, Component Type, and Application

Among the offering type, hardware segment is estimated to account for the largest share of the SCADA market. High demand for Remote Terminal Unit (RTUs) Human Machine Interface (HMI), Programmable Logic Controller (PLC), and in industrial control & automation solutions as these hardware offers efficient results and control over the manufacturing processes is driving the demand for SCADA hardware. Industry players are developing HMI and advanced PLCs in the modern SCADA systems that can work with cloud-based SCADA solutions.

The software segment dominated the market over forecast period according to the offering, and it is predicted that it will continue to do so throughout the projection period. The fundamental purpose of the supervisory control and data acquisition (SCADA) system is data collection. The computer programmer known as "software" aids in keeping track of manufacturing and plant operations. Further, the increasing need for services that provide data acquisitions and supervisory automation control for end users with greater efficiency, higher dependability, and improved visibility. Additionally, increasing demand for real-time data collecting is boosting the SCADA market’s expansion.

The applications include telecommunication, transportation, manufacturing, pharmaceuticals, oil & gas, food & beverage, and others. The growing adoption of industrial automation and control systems in automotive manufacturing and process facilities to boost productivity, efficiency, and lower human load as well as the rising demand for real-time data to control and monitor industrial equipment and manufacturing processes are some of the major factors affecting the automotive sector. New supervisory control and data acquisition (SCADA) hardware and software are being developed expressly for the automotive industry to boost output and quality while decreasing unscheduled downtime. The market's growth is also anticipated to be aided by the increasing usage of industrial robots, machine vision systems, and industrial control systems by automotive manufactures

Global SCADA Market: Key Developments

• In September 2022 Electronics Corporation of India Limited (ECIL), a Public Sector Enterprise under the Department of Atomic Energy launched PLC and SCADA software for Nuclear Plants, ISRO centres. 
• In May 2022, Rockwell Automation American provider of industrial automation launched software named V13 of FactoryTalk View Site including new features. The newly launched product offers deeper interaction with logics controller with efficiency of driving HMI animation for automatic diagnostics through FactoryTalk ViewPoints web points.

Global SCADA Market: Key Companies Insights

The market players operating in the market are focusing on product launch and merger, acquisition strategies to expand the global presence

Some of the key players in the global 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., Mitsubishi Electric Corporation, and others.

*Definition: SCADA (supervisory control and data acquisition) is a category of software applications for controlling industrial processes, which is the gathering of data in real time from remote locations in order to control equipment and conditions.

Detailed Segmentation:

• Global SCADA Market, By Offering Type
  • Software
  • Hardware
  • Services
• Global SCADA Market, By Component
  • Human-Machine Interface
  • Communication System
  • Remote Terminal Unit
  • Others
• Global SCADA Market, By Vertical
  • Oil & Gas
  • Electric Power & Transport
  • Electric Power
  • Renewables
  • Food & Beverages
  • Manufacturing
  • Pharmaceutical
  • Water & Waste Water Management
• Global SCADA Market, By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa