SCADA Market - Growth, Trends | Global Industry Analysis 2031

SCADA is a category of software applications for monitoring industrial processes, which is the assembling of data in real time from remote locations to control equipment and conditions. SCADA supplies organizations with tools needed to make and organize data-driven decisions regarding industrial processes. The global SCADA market is expected to grow at a decent growth rate during the forecast period 2022-2031, due to increase in adoption of Industry 4.0 across both manufacturing and process industries.

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SCADA integration between IT (Information Technology) and OT (Operational Technology) is key to the smart factory. SCADA has been influenced by the adoption of Industry 4.0, which has led to a growing flow of information between increasingly connected and heterogeneous subjects, both inside and outside the production plant. The rising adoption of waste water SCADA and wind power SCADA system create revenue opportunities for market players.

A power SCADA system is similar to a PC-based software package. Data is collected from electrical SCADA distribution systems and most of the data originates at substations. Depending on the complexity and size, a substation will have a variable number of operator and controller interface points. Modern SCADA offers powerful tools that give operators a real-time view of operations to optimize the power distribution systems to maximum efficiency. SCADA offers benefits such as cost-effectiveness. The data is collected and made available for a SCADA system at the DER connection point and at the substation.

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SCADA systems deliver many advantages including increased reliability, improved worker safety, reduced costs, greater customer satisfaction, and higher utilization. The alarms and real-time views into processes can prevent small problems from becoming big ones, and can also speed restoration time. Thus, the advantages of (SCADA) in electrical distribution is growing consistently.

The SCADA system is made of several RTUs (Remote Terminal Units) that collects data in the field and delivers it back to a master station via a communication channel. The master station offers the collected data and allows the operator to control the system remotely. A huge amount of data is stored by using SCADA systems. The accurate and real-time data (Timely Data) ensures optimization of operations of the process and plant. Typically, supervisory control and data acquisition systems are used to program complex industrial processes where human control is difficult; for instance, in systems where there are more control factors unable to be managed by operators in a control center. SCADA systems are broadly used for control in the following domains: transmission, electric power generation, water and sewage, manufacturing, buildings, mass transit, and traffic signals.

A SCADA-based industrial control system is an innovative technological leap forward in industrial automation processes. SCADA systems allow the user to visualize plant production processes; therefore, it helps in taking better decisions based on credible information. In Industry 4.0, SCADA systems are used to monitor and control plant industrial processes. The main advantage of a SCADA system is that it allows operators to visualize, control, monitor, and analyze different industrial processes in real-time. It also tracks system information, and can be used to create reports and graphs that let industrial process operators see what is happening in real time. SCADA systems directly communicate with controllers in the field in real time, typically through an RPU or PLC. The digitization of production processes through the use of sensors and information systems has revolutionized the industry, transforming its productive processes.

Growing government investments in smart city projects are projected to drive the SCADA market during the forecast timeline in North America. The U.S. government is planning to build around 300 smart cities. Data acquisition and supervisory control are executed in smart cities for enhanced traffic control, wastewater management, and optimizing street lighting for energy saving.

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Asia Pacific is the assembly hub for automation technologies due to the existence of major companies such as Mitsubishi Electric Corporation, Yokogawa Electric, Inc., and OMRON Corporation. Smart grids, renewable energy, water & wastewater, and transportation sectors are anticipated to drive the growth of the SCADA market in APAC. Automation is growing in APAC due to the increasing need of high-quality products, along with improved production rates.

The global SCADA market is consolidated with a small number of large-scale vendors controlling majority of the market share. Most of the firms are spending significant amounts to provide automation technology with quality products, along with increased production rates. Diversification of product portfolios and mergers & acquisitions are key strategies adopted by the market players.

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ABB Ltd., Eaton Corporation plc, Emerson Electric Co., General Electric Company, Hitachi Ltd., Honeywell International, Inc., Mitsubishi Electric Corporation, OMRON Corporation, Pilz GmbH & Co. KG, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG., Survalent Technology Corporation, and Valmet, are the prominent entities operating in this market.

Each of these players has been profiled in the SCADA market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

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