The Global SCADA Market, 2019 to 2024 - Rising Demand of RTUs is Expected to Encourage Growth
DUBLIN, May 13, 2019 /PRNewswire/ -- The "SCADA Market by Component (Programmable Logic Controller, Remote Terminal Unit, Human-Machine Interface, Communication Systems), Architecture (Hardware, Software, Services), Industry, and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The SCADA system is used to track and analyze real-time data, which is subsequently used to monitor and control industry processes.
The SCADA market is expected to grow from USD 11 billion in 2019 to USD 15.2 billion by 2024; it is expected to grow at a CAGR of 6.7% during 2019-2024. The growth of the SCADA market is driven by factors such as high demand for industrial mobility solutions to efficiently manage process industries, increased adoption of Industry 4.0 in process industries, and increased use of software platforms such as IoT and edge computing. However, factors such as high capital costs for the deployment of the SCADA system and fluctuating oil & gas prices act as major restraints for the SCADA market growth.
Key players offering SCADA solutions include Schneider Electric (France), ABB (Switzerland), Siemens (Germany), Emerson Electric (US), Rockwell Automation (US), while other major players in this market include General Electric (US), Honeywell International (US), Yokogawa Electric (Japan), and OMRON (Japan). These players operate globally and provide solutions and components related to SCADA.
Rising demand of RTUs is expected to encourage growth of SCADA market during forecast period
RTUs are expected to account for the largest share of the SCADA market during the forecast period. An RTU is a field device that needs to be installed in operation sites. Operation sites for the oil & gas, power, and water & wastewater industries are large. Hence, RTUs are expected to continue to account for the largest market size in the coming years. Deep-sea exploration and extraction, along with shale gas, also contribute to the rising demand for RTUs.
Services architecture to hold largest market share of SCADA market
The SCADA system services majorly include installation, maintenance, and modification. Services include providing increased security systems and latest technologies related to SCADA systems; there is a high demand for application-specific modification services, which has resulted in an increased number of services, including SCADA system recommendations, regulatory compliance services, re-commissioning or restart assistance, and legacy system support and migration services.
APAC to be largest contributing market for SCADA during forecast period
APAC is the growing market for SCADA in various applications, such as power, electrical utilities, process automation, and communication, due to its fastest-growing economies. The market in China is expected to grow mainly because the number of manufacturing units in China is increasing, which is expected to create a huge demand for SCADA. Another reason for the growth of the SCADA market in APAC is the increase in the number of manufacturing plants in various sectors, such as automotive, textiles, power, and pharmaceuticals.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities for SCADA Market
4.2 SCADA Market, By Architecture (2019-2024)
4.3 SCADA Market, By Component (2019-2024)
4.4 SCADA Market, By Industry and Geography (2019)
4.5 Key Partnerships and Agreements Impacting SCADA Market
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Use of Software Platforms Such as IoT and Artificial Intelligence for Digital Transformation
5.2.1.2 High Demand for Industrial Mobility Solutions to Efficiently Manage Process Industries
5.2.1.3 Increased Adoption of Industry 4.0 in Process Industries
5.2.1.4 High Importance of Infrastructure Development in Terms of Smart Cities and Transportation
5.2.2 Restraints
5.2.2.1 Fluctuating Oil Prices Having Adverse Impact on Investments in Critical Infrastructure
5.2.2.2 High Capital Requirement for Installation and Maintenance of SCADA Systems
5.2.3 Opportunities
5.2.3.1 Use of 5G Technology in Industrial Environment and Big Data Analytics in SCADA System for Smart City Applications
5.2.3.2 Developments in Wireless Sensor Network and Its Adoption in SCADA
5.2.3.3 Preference for Cloud-Based Over On-Premises SCADA Systems
5.2.4 Challenges
5.2.4.1 Vulnerability to Cyber Attacks
5.3 Deployment Models Available for SCADA
5.3.1 On-Premises Deployment
5.3.1.1 Limitations of On-Premises Deployment Makes Them Less Preferable Option
5.3.2 Cloud Deployment
5.3.2.1 Advantages of Cloud-Based Deployment of SCADA System
5.3.3 Hybrid Deployment
5.3.3.1 Hybrid Deployment Can Be Adopted According to Enterprise Requirements
5.4 Ecosystem of SCADA in South-East Asia
5.4.1 Overview
5.4.2 Key Industries Deploying SCADA in SEA
5.4.2.1 Comparison of SEA Market With Total APAC Market
5.4.3 Companies Offering SCADA Solutions in SEA
5.4.3.1 Big Players
5.4.3.2 Influence of Chinese Companies
5.4.3.3 Mid-Size, Local & Regional Companies
5.4.4 Cybersecurity
5.4.4.1 Latest Trends in Cybersecurity
5.4.5 SCADA Market in South-East Asian Countries
5.4.5.1 Philippines
5.4.5.2 Indonesia
5.4.5.3 Myanmar
5.4.5.4 Malaysia
6 SCADA Market, By Component
6.1 Introduction
6.2 Human-Machine Interface (HMI)
6.3 Remote Terminal Unit (RTU)
6.4 Programmable Logic Controller (PLC)
6.5 Communication System
6.6 Others
7 SCADA Market, By Architecture
7.1 Introduction
7.2 Hardware
7.3 Software
7.4 Services
8 SCADA Market, By Industry
8.1 Introduction
8.2 Oil & Gas
8.3 Power
8.4 Water & Wastewater
8.5 Transportation
8.6 Telecommunications
8.7 Pharmaceuticals
8.8 Chemicals
8.9 Manufacturing
8.10 Food & Beverages
8.11 Others
9 SCADA Market, By Geography
9.1 Introduction
9.2 Americas
9.3 Europe
9.4 Asia Pacific
9.5 Rest of the World
10 Competitive Landscape
10.1 Overview
10.2 Competitive Analysis
10.2.1 Ranking Analysis of Players in SCADA Market, 2018
10.3 Competitive Leadership Mapping, 2018
10.3.1 Visionary Leaders
10.3.2 Innovators
10.3.3 Dynamic Differentiators
10.3.4 Emerging Companies
10.4 Competitive Situations and Trends
10.4.1 Agreements, Collaborations, and Partnerships
10.4.2 Product Launches and Developments
10.4.3 Acquisitions and Expansions
11 Company Profiles
11.1 Key Players
11.1.1 ABB
11.1.2 Emerson Electric
11.1.3 Rockwell Automation
11.1.4 Schneider Electric
11.1.5 Siemens
11.1.6 General Electric
11.1.7 Honeywell International
11.1.8 Omron
11.1.9 Yokogawa Electric
11.1.10 Willowglen Systems
11.2 Other Players
11.2.1 Andritz
11.2.2 Iconics
11.2.3 JFE Engineering
11.2.4 Valmet
11.2.5 Toshiba
11.2.6 Mitsubishi Electric
11.2.7 Sprecher Automation
11.2.8 Certec EDV
11.2.9 Fuji Electric
11.2.10 Copa-Data
11.2.11 Progea
11.2.12 Elynx Technologies
11.2.13 Enbase
11.2.14 Inductive Automation
11.2.15 Capula
11.2.16 Hitachi
11.2.17 Schweitzer Engineering Laboratories (SEL)
11.2.18 Azbil
For more information about this report visit https://www.researchandmarkets.com/r/2kjw7q
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