SCADA Market Size, Share & Industry Analysis, By Offerings (Hardware, Software, and Services), By Component (Programmable Logic Controller (PLC), Remote Terminal Unit (RTU), Human-Machine Interface (HMI), and Others), By Application (Industrial Manufacturing, Electric Utilities, Oil and Gas, Telecommunication, Automotive and Transportation, and Others), and Regional Forecast, 2024-2032

The global SCADA market size was valued at USD 39.32 billion in 2023. The market is projected to grow from USD 41.75 billion in 2024 to USD 78.62 billion by 2032, exhibiting a CAGR of 8.2% during the forecast period.

Supervisory control and data acquisition system is an industrial digital system used to monitor, control, assess the operations, and trigger alarm in case of malfunctioning in operations to ensure smooth, seamless, and effective operations in case of automated technologies in industrial setups. In the Industry 4.0 revolution, efforts to develop smart factory facilities, and effective monitoring of unmanned sites or sites with the limited workforce are proving to be real driving factors for the market.

The COVID-19 outbreak across every major economy across the global market curtailed the pace of industry growth. Major economies, such as the U.S., China, Japan, and the U.K. are identified as prominent economies in the market. During the initial stage of the health emergency, all the industrial facilities had to face immediate shutdown and faced a severe cash crunch reducing their opportunities for growth. However, in the long term, the COVID-19 pandemic is estimated to provide positive outcomes for the market. The increasing trend of remote working and efforts of companies to reduce human workforce and human interaction by cementing autonomous operations is the main factor for the market.

Remote terminal units (RTU) are estimated to emerge as a fast-paced segment with a decent share of the market. The focus of the industrial facility operators is to reduce their workforce and augment the automation framework will reinforce the growth of the segment. In terms of market revenue generation, North America and Europe will collectively hold the majority of the shares in the market. The Asia Pacific region is estimated to witness swift growth in the global market.

SCADA Market Trends

Digital Transformation in Industrial Control Systems Due to Increasing Traction Toward Industry 4.0

Over the recent past, most industrial manufacturers are working rigorously and have also made unprecedented investments in order to incorporate digital transformation and to make automation operations achieve the goal perceived under Industry 4.0. The SCADA system underwent a holistic transformation with these efforts with the application of emerging digital technologies such as cloud computing, the Internet of Things (IoT), service-oriented architecture (SOA), cyber-physical systems, and Artificial Intelligence. Moreover, the customers and manufacturers of the system are trying to use these systems to achieve the intelligent management of overall manufacturing operations by elevating the level of autonomy, product and process quality, overall productivity, better level of flexibility, and equipment efficiency.

For instance, Emerson developed and launched a new industrial software platform. This software platform will help to create an advanced and technologically superior SCADA system which will be scalable software and will also assist to enhance operations with better decision-making, identification of the issues, and overall management of the industrial facility more effectively.

SCADA Market Growth Factors

Rise in Compliance of SCADA in Portable Equipment to Promote Market Sales

Supervisory control and data acquisition (SCADA) systems serve as crucial tools for monitoring and controlling industrial processes. Their ability to offer virtual control capabilities has garnered significant attention, particularly amid the rising trends of automation and wireless networking in various industries. Moreover, with the proliferation of mobile phones among employees, the concept of portable workstations has seen a surge in popularity across diverse sectors. Mobile phone-based monitoring enhances control and facilitates real-time data collection, alarming, and reporting from virtually any location, empowering operators to manage operations more efficiently. This integration of mobile technology into SCADA systems is poised to revolutionize industrial processes, driving greater efficiency and productivity across the board.

Additionally, the scalability and flexibility of SCADA systems enable seamless integration with emerging technologies such as Internet of Things (IoT), artificial intelligence (AI), and cloud computing, further enhancing their utility and relevance in modern industrial settings. As industries continue to embrace digital transformation, the demand for advanced SCADA solutions equipped with mobile capabilities is expected to soar, driving continued innovation and growth in the market.

RESTRAINING FACTORS

High Initial Investments Might Create Hindrance for Market Development

The installation and application of SCADA systems involve heavy investments in the initial stage of the project, with costs associated with hardware procurement, software integration, and customization to suit specific operational needs. Additionally, the complexity of SCADA systems necessitates ongoing support and maintenance, further adding to the financial burden. Employing a skilled and trained workforce capable of understanding and effectively operating these systems is imperative, but it also contributes to increased overhead operational costs for industrial facilities. Furthermore, the rapid evolution of technology requires continuous training and upskilling of personnel to ensure optimal system performance, which can strain budgets and resources. These factors collectively present significant challenges for organizations considering the implementation of SCADA systems, highlighting the importance of careful planning and resource allocation.

SCADA Market Segmentation Analysis

By Offerings Analysis

Services Segment to Register a Staggering Pace of Growth Due to Increasing Technology Integration across Diverse Sets of Applications

Based on offerings, the market is segmented into hardware, software, and services. The services segment is estimated to hold an edge in terms of market share in the global market and is projected to propel at a decent pace throughout the period of forecast. The increasing requirement of faster and seamless real time monitoring and emergence of automated technologies and artificial intelligence (AI) driven industrial facilities can be identified as one of the prominent reasons propelling industry expansion.

The solution developer companies are keen toward providing better connectivity and increasing smart data accessibility by enhancing the ability of their cloud based web application. The efforts of the end users to transform their operations in the Industry 4.0 is cited as a critical factor bolstering the growth of the services as well as software segment.

By Component Analysis

Remote Terminal Unit (RTU) to Garner Majority of Market Share Due to Growing Adoption in Automation Facilities

On the basis of component, the market is categorized into programmable logic controller (PLC), remote terminal unit (RTU), human-machine interface (HMI), and others. In terms of SCADA market share, the remote terminal unit segment is expected to lead the charts outpacing the counterparts in the global market.

Post pandemic most of the prominent manufacturers and facility operators are trying to reduce their dependence on manual operations and increase the adoption of automation in their facilities. The remote terminal units deemed very helpful to monitor unmanned sites. The increasing precision and accuracy of sensors will provide healthy growth rate to programmable logic controller (PLC) in the market. The human machine interface segment is set to expand at a decent pace owing to the development of better machineries with more interactive and crisp graphical display for better control over the operations within the facility

By Application Analysis

Electric Utilities Segment to Experience a Significant Growth Owing to Increasing Usage for Data Acquisition

On the basis of application, the market is classified across industrial manufacturing, electric utilities, oil and gas, telecommunication, automotive and transportation, and others.  In terms of market share, the electric utilities segment will contribute for a hefty share in the global market. In terms of market development, industrial manufacturing is set to observe appreciable growth during the forecast period and will register a market share of about 30% by the end of 2030.

The systems installed with automated response to the system alarms and assistance in providing instant notifications about any critical failure or operational malfunction in production process. The technology is encouraging the customers from industrial manufacturing and electric utilities to incorporate supervisory control and data acquisition within their setups.

REGIONAL ANALYSIS

The market is analyzed across the North America, South America, Europe, Asia Pacific, and the Middle East and Africa.

North America is currently estimated to hold a major chunk of the global market and is anticipated to retain its top spot during the forecast period. The strong presence of the key players in the region and their strong and interconnected distribution channel across the region is one of the important factors behind the decent performance of the region. Moreover, industrial facility operators in the region are trying to reduce the workforce at their facilities to increasing expenditure on the wages which is subsequently affecting the profit margin of the organizations. In order to strategically reduce the workforce and automate the operations, the companies are on priority working to integrate the wide range of automation systems and are relying on data based operations at their plants.

U.S. will hold a robust share in the global market and is anticipated to experience a swift pace of market development over the period of market forecast. The substantial presence of the prominent and established market players and effective automation of the operations in the industrial facilities are the two crucial factor supporting spurring market development

The Asia Pacific region is expected to make substantial inroads in the market with countries such as China, India, and Japan spearheading the SCADA market growth. Moreover, the development of the manufacturing clusters across developing economies such as India is expected to aid product demand in the region. The established and developed manufacturing clusters of China and Japan create an optimistic scenario for the sales of the product in the market of Asia Pacific. The exemplary performance of these countries in the manufacturing sector help them to collectively generate more than 70% of the regional revenue.

Europe is also identified as a prime contributor for the market behind only North America. Growing demand for the automation techniques across variety of industries in the region. The continuous technological advancements and efforts to enhance the structure of manufacturing facilities through the development of smart factories. The development of supervisory control and data acquisition systems with heterogeneous networks, better level of interoperability, application cloud and internet technologies, and big data analytics will flourish the market at an substantial pace over the slated period of time.

KEY INDUSTRY PLAYERS

Companies Working to Initiate Organic and Inorganic Strategies to Have Competitive Lead

The market is fragmented with top 10 players holding sizable share in the global market. There are numerous local and regional players with have promising hold within their respective geographies. The companies such as Schneider Electric, Omron Corporation, Emerson Electric, and others are trying to increase their hold in the global market by means of organic and inorganic strategies by trying to invest research and development and making to have product diversity in their portfolio by making innovative product launches and are working to have mergers and acquisitions to increase their presence across regions with multiple opportunities.

List of Top SCADA Companies:

• ABB Ltd. (Switzerland)


• Schneider Electric (France)


• Rockwell Automation (U.S.)


• Emerson Electric Co. (U.S.)


• Honeywell International (U.S.)


• Siemens AG (Germany)


• Omron Corporation (Japan)


• Toshiba Infrastructure Systems and Solutions Corporation (Japan)


• Yokogawa Electric Corporation (Japan)


• Mitsubishi Electric (Japan)

KEY INDUSTRY DEVELOPMENTS:

• May 2023: Hexagon partnered with Zealand-based Scada Systems, Ltd. to provide comprehensive design and engineering solutions for projects involving electrical and instrumentation requirements.


• May 2023: Rockwell Automation introduced FactoryTalk View Site V13 software, featuring enhanced interaction with logic controllers and improved HMI animation efficiency for automatic diagnostics through FactoryTalk ViewPoints web points.


• March 2023: Honeywell International Inc. released Versatilis transmitters for condition-based monitoring of rotating machinery, reducing manufacturing costs and unplanned downtime,  enhancing the company's brand image.


• December 2022: Canva enhanced its Canva Doc platform with new features, including Magic Write, an AI-powered tool aiding in copyrighting processes and generating text content.


• September 2022: Schneider Electric acquired AVEVA to accelerate digital transformation for industrial organizations managing complex operational processes, aiming to bolster both hybrid cloud-based subscription models and software growth strategies.

REPORT COVERAGE

The report provides a detailed analysis of the market and focuses on key aspects such as leading companies, component, and leading applications of the product. Besides, the report offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that contributed to the growth of the market in recent years.

Report Scope & Segmentation