SCADA Market Growth Trends & Emerging Opportunities to 2026
Category: #technology  By Ronak Bora  Date: 2022-07-26
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SCADA Market Growth Trends & Emerging Opportunities to 2026

Global SCADA Market is may surpass USD 50 billion by 2026. Burgeoning adoption of automation technologies across oil & gas, manufacturing, and utility sector has catapulted market size. Industry 4.0 has gained significance traction across several industries worldwide. Companies are exploring new ways to leverage cutting edge technologies like IoT, analytics, and AI to improve the output of their existing operations. This has encouraged firms to opt for automated control systems like this market.

The systems are used for visualizing the complete process of a machine or factory to access real-time data. Industries worldwide are integrating with the cloud to reduce installation and maintenance costs, eliminating the requirement for high capital investments. This could significantly fuel the market in the forthcoming years.

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SCADA market systems are extensively deployed in chemical & pharmaceutical industries to monitor & control the mixing of crucial compositions to ensure superior quality of end-product. The burgeoning trend of automation in pharmaceutical industries is driving the adoption of the systems.

Pharmaceutical companies are adopting this technology to comply with stringent environmental & safety regulations. Moreover, the positive outlook of the chemical industry, especially in Europe and the Asia Pacific, is offering lucrative growth opportunities for companies operating in the SCADA market.

North America is expected to offer lucrative growth opportunities for companies operating in the SCADA market with increasing investments in Industry 4.0. Governments authorities in the United States and Canada are making investments in smart infrastructure & transportation systems.

Considering an instance to highlight the same, in 2018, the U.S. Department of Transportation made an investment of more than USD 63 billion in transportation infrastructure. Such significant investments by governments may improve the business outlook SCADA market over the forecast period.

Considering the market’s competitive landscape, companies such as Schneider Electric SE, Rockwell Automation, Inc., ABB Ltd., Emerson Electric Co., Siemens AG, Omron Corporation, Honeywell International Inc., Yokogawa Electric Corporation, Toshiba Infrastructure Systems & Solutions Corporation, and Mitsubishi Electric are currently developing new SCADA market systems.

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Table of Content

Chapter 4.   SCADA Market, By Component

4.1.  Key trends by component

4.2.  Human-machine Interface (HMI)

4.2.1. Market estimates and forecast, 2016 – 2026

4.3.  Programmable Logic Controller (PLC)

4.3.1. Market estimates and forecast, 2016 – 2026

4.4.  Remote terminal unit (RTU)

4.4.1. Market estimates and forecast, 2016 – 2026

4.5.  Others

4.5.1. Market estimates and forecast, 2016 – 2026

Chapter 5.  By Application

5.1.  Key trends by application

5.2.  Chemical & pharmaceuticals

5.2.1. Market estimates and forecast, 2016 – 2026

5.3.  Food & beverage

5.3.1. Market estimates and forecast, 2016 – 2026

5.4.  Manufacturing

5.4.1. Market estimates and forecast, 2016 – 2026

5.5.  Oil & gas

5.5.1. Market estimates and forecast, 2016 – 2026

5.6.  Transportation

5.6.1. Market estimates and forecast, 2016 – 2026

5.7.  Utility

5.7.1. Market estimates and forecast, 2016 – 2026

5.8.  Water & sewage

5.8.1. Market estimates and forecast, 2016 – 2026

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/scada-supervisory-control-and-data-acquisition-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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