SCADA Market Global Size, Growth and Demand 2021 to 2030
Posted by Vedika on April 22nd, 2021
The Global SCADA Market size is estimated to be USD 33.04 billion in 2019 and is predicted to reach USD 61.43 billion by 2030 with a CAGR of 5.8% from 2020-2030.
SCADA is supervisory control and data acquisition which is system consist of software and hardware components which allows the organization of control, gather information, data processing on a local level or in remote locations. It uses human machine interface to interact with the linked devices and provide required command. It enhances the work efficiency and also helps in to take smarter decisions and record the various events in the system for future reference and information.
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Top Companies: Hitachi LTD., IBM Corp, ABB LTD., Honeywell International, JFE Engineering Corporation, Alstom, Rockwell Automation, Emerson Electric Co., Mitsubishi Electric Corporation and others.
The global SCADA market share is analyzed on the basis of component, offerings, applications and geography. On the basis of component, the market is segmented into Programmable Logic Controller (PLC), Remote Terminal Unit (RTU), Human-Machine Interface (HMI), Communication System and Others. On the basis of offerings, the market is divided into Hardware, Software, and Services. On the basis of application, the market is divided into Electrical Power, Oil & Gas, Water & Wastewater, Manufacturing, Transportation, Telecommunication, Chemicals, Food & Beverages, Pharmaceuticals, and Others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.
North America is expected to represent the developed markets and anticipated to the highest market share during the forecast period. Furthermore, increased adoption of advanced technology coupled with increased in smart cities and increase in technological advancement are further expected to fuel the growth of SCADA market. Asia Pacific is expected to show tremendous growth over the forecast period and gradual increase in market size owing to the increased inclination towards cloud based systems, wide application, increased demand of advance infrastructure coupled with increased demand of wireless technology is further driving the growth of SCADA market.
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About the AuthorVedika
Joined: November 28th, 2020
Articles Posted: 128
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