Power Supervisory Control and Data Acquisition (SCADA) Market Forecasts to 2028 – Global Analysis By End User (Oil & Gas, Metal & Mining, Defense, Chemicals, Telecommunications, Water & Wastewater, Pharmaceuticals) and By Geography
According to Stratistics MRC, the Global Power Supervisory Control and Data Acquisition (SCADA) Market is accounted for $1.57 billion in 2020 and is expected to reach $3.27 billion by 2028 growing at a CAGR of 9.6% during the forecast period. Factors such as rising adoption of industry 4.0 principles, increasing implementation of big data analytics, and developments in 5G technology are driving the growth of the market. However, high costs associated with the initial setup and maintenance of SCADA systems is hampering the growth of the market.
Power SCADA is a system of software and hardware elements that allows industrial organizations to collect and process real-time data, and to control industrial processes locally or at remote locations.
Based on the end user, the oil & gas segment is anticipated to expand at a rapid pace during the forecast as power SCADA systems help to monitor and control the processing of oil from oil wellsprings. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the increasing demand for process automation and instrumentation.
Some of the key players profiled in the Power Supervisory Control and Data Acquisition (SCADA) Market include Schneider Electric, Honeywell, ABB, General Electric, Mitsubishi Electric, Toshiba, Siemens, Hitachi, Rockwell Automation, Eaton, Advantech Co, Emerson, Motorola Solutions, Omron Technologies, Yokogawa Electric Corporation, Bentek Systems, Efacec Power Solutions, Ovak Technologies, Indra Sistemas, and PSI AG.
Estimated Market Size in 2020:
USD 1.57 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 3.27 billion
Tables, Graphs & Figures
Component, Architecture, End User, and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Human Machine Interface (HMI)
• Communication System Protection Relays
• Programmable Logic Controller (PLC)
• Intelligent Electronic Devices (IED's)
• Master Terminal Unit (MTU)
• Remote Terminal Unit (RTU)
• Supervisory System
End Users Covered:
• Oil & Gas
• Metal & Mining
• Water & Wastewater
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Power Supervisory Control and Data Acquisition (SCADA) Market is majorly driven by the rising adoption of industry 4.0 principles, increasing implementation of big data analytics, and developments in 5G technology.
The remote terminal unit (RTU) segment is growing at a highest CAGR as the accuracy of the control system highly depends upon the number of RTUs installed in any power SCADA system.
North America dominated with a significant market share due to the factors such as the presence of various huge industries and the availability of sophisticated technologies.
Asia Pacific market is growing at a highest CAGR owing to the growing demand for process automation and instrumentation.
Key players in Power Supervisory Control and Data Acquisition (SCADA) Market include Schneider Electric, Honeywell, ABB, General Electric, Mitsubishi Electric, Toshiba, Siemens, Hitachi, Rockwell Automation, Eaton, Advantech Co, Emerson, Motorola Solutions, Omron Technologies, Yokogawa Electric Corporation, Bentek Systems, Efacec Power Solutions, Ovak Technologies, Indra Sistemas, and PSI AG.
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