September 15th, 2021
Global SCADA Market by Component and By Region – Forecast Report, 2020-2027
The GMI Research speculates that the SCADA Market will bolster at a notable rate over the forecast period. This is mainly because of their potential to sustain effectiveness and enable users to interact with equipment like sensors, pumps, and valves, ongoing technological innovations as a result of the innovative efforts form key market players, and increasing research and development activities.
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Introduction of the SCADA Market
SCADA, a computer system mainly used to collect and interpret real-time data, includes a graphical user interface (GUI), computer for better process administrative management, and programmable logic controllers (PLC) to interface with machinery or process plant. In other words, it allows an industrial corporation to manage its process distantly by offering direct interaction with equipment like motors, valves, and sensors via human-machine interface software to record entire events into a log file. Moreover, it is employed to administer and supervise equipment across enormous industries, which include energy, oil and gas, water & wastewater, transportation, and manufacturing refining.
Leading Global SCADA Market Players:
· Siemens AG
· ABB Group
· Emerson Electric Co.
· Rockwell Automation, Inc.
· Yokogawa Electric Corporation
· General Electric
· Schneider Electric SE
· Omron Corporation
· Honeywell International Inc.
· Willowglen Systems Inc.
· Mitsubishi Electric Corporation
SCADA Market Dynamics
The rising demand for industrial motility to control the industrial process effectively, increasing endorsement of industry 4.0 in industrial processes, and the soaring demand for industrial mechanization are complementing the growth of the global Supervisory Control And Data Acquistion market size. Furthermore, these systems assist several industrial corporations, public and private companies to sustain effectiveness for smarter decisions and impart system agitation to alleviate downtime. Thereby, this further adds to the market growth. Besides this, the incorporation of software platforms such as artificial intelligence (AI) and Internet of Things (IoT) for digital modification and improve functioning, performance, and efficiency of industries as SCADA computerizes the production process. Thus, this is further bolstering the market growth. SCADA solution providers are increasingly emphasising on introducing novel solutions to acquire a competitive advantage over other competitors to assist them maintain their prominence. Moreover, the market is predicted to seize a larger share because of their beneficial features, which include convenient application, cost-effective, and escalated scalability. Nevertheless, it offers information including scheduled maintenance, data diagnostics, comprehensive schematics, and information about the logistics and helps in eradicating the installation and maintenance charges by visualising the overall process of machine to ingress real time data to energize the growth of the market. On the other edge, as per the SCADA market research report, excessive capital investment for the installation and maintenance of the system is hindering the SCADA market share.
Component Segment Drivers
Based on the component segment, Remote Terminal Unit (RTU) is speculated to witness faster compound annual growth rate over the coming years. This is because of their application to supervise the analog and digital points of the plant or field, which include the temperature of the equipment and transmitting the data to a central station of the SCADA systems. They are interlinked to its data input to data output streams with the help of a software setup for installation challenges and defines communication code. In accordance with the SCADA Market research, these streams comprise sensor & meter data and output streams required for consigning and managing alarm notifications.
Industry Segment Drivers
Based on the industrial coverage, the water and wastewater industry is contemplated to expand at a higher growth due to their usage to elevate the quality of reprocessing able wastewater by minimizing the firmness of biodegradable organics, water, and bacteria. Moreover, as per the SCADA market research report, the application of SCADA in the water and wastewater industry decreases the operating costs in the long run as well as supervises the reservoir levels, water flow, and pipe pressure in treatment plants.
In accordance with the geographical coverage, Asia-pacific is speculated to bolster at a notable rate over the forecast period. This is primarily owing to the intensifying employment of mechanisation in the nation because of the transpiring requirement for a superior quality product and accelerating production rate. In addition to it, SCADA assists in reducing production and labour costs along with the interference which paves the way for market growth. Nevertheless, the strong investment in power transference and apportion resulting in an elevated demand for process automation and harmonization in this region is complementing the market growth. Furthermore, developing countries including, China, Japan, and India are accounted to be the largest electricity producers across the nation as well as the rigorous presence of leading market players which include Omron Corporation and Yokogawa Electric are promoting the growth of the global SCADA market.
SCADA Market Segmentation:
Segmentation by Component
· Human–Machine Interface (HMI)
· Remote Terminal Unit (RTU)
· Programmable Logic Controller (PLC)
· Communication System
o Wired Communication System
o Wireless Communication System
Segmentation by Architecture
Segmentation by Industry
· Oil & Gas
· Water & Wastewater
o Traffic Signals
o Mass Transit Systems and Railway Traction Systems
· Food & Beverages
Segmentation by Region:
o United Kingdom
o Rest of Europe
· Asia Pacific
o Rest of APAC
· North America
o United States of America
o South Africa
o Saudi Arabia
About GMI Research
GMI Research proffers business discernment and market research reports to assist the clients understand the effect of several dynamics. The research team of our organisational experts carry out market intelligence studies to certify fact-based research reaches across every business company. We try to gather to the point information to abridge our clients with challenges approaching in different industries like FMCG, automotive, electronics, etc. We provide by fits and starts assistance to our client via consulting services to attain an actionable decision.
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
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