NEW YORK, Jan. 18, 2024 /PRNewswire/ -- The SCADA market is expected to grow by USD 4.25 billion between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 7.72% during the forecast period. The SCADA (Supervisory Control and Data Acquisition) market is driven by the increasing demand for industrial automation and remote monitoring across various sectors.
The report analyses the market size and growth and provides accurate predictions on the growth of the market. View a Free PDF Sample
SCADA systems, along with technologies like PLC (Programmable Logic Controller), HMI (Human-Machine Interface), and RTU (Remote Terminal Unit), enable efficient control and monitoring of industrial processes. Communication Protocols such as Modbus and DNP3 facilitate data exchange between field devices and control centers. SCADA systems play a crucial role in data acquisition, telemetry, and process control, enhancing operational efficiency. With a growing focus on cybersecurity, SCADA software and hardware are evolving to provide robust security features. Integration of SCADA systems with existing infrastructure is also a key driver in the market.
Key Highlights:
- The market is segmented by end-user (oil and gas, manufacturing, power, water and wastewater treatment, and others), type (solutions and services), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
- The report recognizes the following as some of the key players in the SCADA market: ABB Ltd., ALSTOM SA, Capula Ltd., Check Point Software Technologies Ltd., Elynx Technologies LLC, Emerson Electric Co., General Electric Co., Honeywell International Inc., Inductive Automation LLC, JFE Holdings Inc., Mitsubishi Electric Corp., OMRON Corp., Ovak Technologies LLC, Radiflow, Rockwell Automation Inc., Schneider Electric SE, TOSHIBA CORP, Yokogawa Electric Corp., Siemens AG, and Hitachi Ltd.
- SCADA Market is fragmented in nature.
- Market to observe 6.43% YOY growth in 2023.
Keg Segments:
The oil and gas segment is significant during the forecast period. Cloud-based SCADA systems are increasingly favored in the oil and gas sectors. With this technology, operators, regardless of their scale, can efficiently access insights into their upstream assets without the need for on-premises SCADA infrastructure. Additionally, the availability of cloud-based solutions from various vendors, focusing on SCADA Security, SCADA Network, SCADA Sensors, SCADA Components, SCADA Architecture, and SCADA Applications, contributes to the growth of this segment. The introduction of such products is expected to significantly impact the expansion of the supervisory control and data acquisition (SCADA) market, including SCADA Industry, SCADA Market Trends, SCADA Deployment, SCADA Maintenance, SCADA Vendors, SCADA Solutions, SCADA Analytics, SCADA Protocols, SCADA Communication Infrastructure, and SCADA for Critical Infrastructure, in the foreseeable future.
Get a glance at the market contribution of the segments, Request a FREE Sample
The industrial steam peeler market size is expected to increase to USD 173.5 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.19%.
The electric scissor lift market study is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analyzing the growth of 5.92 and a decelerating CAGR of 5.32%, and the market is expected to grow by USD 581.38 million during the forecast period 2021 to 2026.
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-User
Market Segmentation by Type
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
![](https://rt.prnewswire.com/rt.gif?NewsItemId=CG15287&Transmission_Id=202401182030PR_NEWS_USPR_____CG15287&DateId=20240118)
Share this article