Global supervisory control and data acquisition market is expected to reach USD 11.0 billion in 2021 and is anticipated to grow at a CAGR of 7.40% between 2016 and 2021.
Supervisory control and data acquisition (SCADA) is a software application program which monitors and controls the gathering of data in real time from remote locations in order to control equipment and conditions. SACDA warns the applications when the conditions turn into the perilous situation by sounding alarms. The SCADA system has the broad range of applications including power plants, oil and gas refining, telecommunications, transportation, and water and waste control.
The supervisory control and data acquisition (SCADA) market is primarily driven by increasing investments for infrastructure development needed for renewable energy across the globe. In addition to this, the growing demand for automation in various industries coupled with modernization is expected to propel the growth of SACDA market in near future. However, the cyber security is a major restraint for global SCADA market which may hamper the growth of the market. Nonetheless, emerging market in developing countries such as China and India is likely to open new opportunities for major participants involved in supervisory control and data acquisition market.
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The global supervisory control and data acquisition market are bifurcated into architecture, component, applications, and regions. Based on architecture, the global supervisory control and data acquisition market is segmented into hardware, software, and services. Hardware was the largest architecture segment, which accounted over 50% shares of total revenue generated in 2015. Hardware followed by software and service architecture in the same year. Moreover, service segment is likely to exhibit the exponential growth during the years to come owing to advancement in technology coupled with the ability to offer greater flexibility, and enhance functionality by shifting to a cloud-based environment.
The major components incorporated in global supervisory control and data acquisition market are a programmable logic controller (PLC), remote terminal units (RTU’s) and SCADA communication system. Among all, programmable logic controller (PLC) dominated the global supervisory control and data acquisition market. It accounted for over 53% share of the entire market in 2015, and it is also likely to continue its dominance, growing at a CAGR 7.7% in near future. SCADA communication system was the second largest component in 2015 that is expected to grow at a CAGR 7.2% within the forecast period.
The key application of global supervisory control and data acquisition market includes oil & gas, electrical power, water & wastewater application, transportation, and manufacturing. Electric power held as a dominating application segment of global SCADA market. It accounted around 35.0% share of the total revenue generated in 2015. The advent of shale gas resources and growing demand for power distribution is expected to have a positive impact on the growth of SCADA market in coming years. Moreover, water and wastewater management are also an important application that is projected to have significant growth in near future.
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With the largest share, North America dominated the global market for SCADA in 2015. It contributed more than 30% share of the entire market and it is also expected to continue this trend over the coming years. North America followed by Europe for the same year. In addition, Asia Pacific is foreseen as a fastest growing region for SCADA market due to emerging industries in China and India. Furthermore, the Middle East and Africa along with Latin America is likely to witness the significant growth within the forecast period.
Some of the key players in the global supervisory control and data acquisition market include Honeywell International, Inc., Siemens AG, Emerson Electric Co., Alstom SA,ABB Ltd., Rockwell Automation, Omron Corp., Schneider Electric and amongst others.
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