The key players operating in the SCADA Market are atistics, SCADA Market size valued at USD 35 billion in 2021 and is projected to expand at around 10% CAGR from 2022 to 2030. The use of automated technologies in the oil & gas sector will augment the business growth., Robust demand for oil and gas will accelerate the need for SCADA to automate and control production processes. The software is used across a wide range of applications in downstream, midstream, and upstream oil and gas sector applications. With surging demand for energy, O&G companies are likely to demand advanced software solutions to meet production targets. According to the U.S. Energy Information Administration (EIA), the U.S. reported total crude oil production of 365.78 million barrels per day in July 2022. High productivity needs and data collection requirements across remote sites in the upstream applications will fuel the use of SCADA., To get more details on this report: Request Free Sample PDF , High initial implementation costs associated with SCADA systems could hamper industry growth. SCADA systems for applications such as oil & gas field operations, power grids, and water supply systems are mainly customer-owned. As a result, customers end up spending a substantial amount of money on the installation and maintenance of these systems. However, new technological advancements and increasing efforts to develop affordable SCADA solutions will pave the way for its use over the coming years., Base Year:2021Market Size in 2021:35 billion (USD)Forecast Period:2022 to 2030Forecast Period 2022 to 2030 CAGR:10%2030 Value Projection:85 billion (USD)Historical Data for:2018 to 2021No. of Pages:215 Tables, Charts & Figures:180Segments covered:Component, Application, and RegionGrowth Drivers: Robust outlook of oil & gas industry across the globe Rising adoption of automation technologies in the utility sector of North America and Europe Increasing investments in smart city projects across Europe and Asia Pacific Government initiatives for supporting innovation in Asian manufacturing sector Rapidly developing manufacturing sector in Brazil & Mexico Growing popularity of enhanced automation technologies in MEA Pitfalls & Challenges: High initial implementation cost Security concerns in SCADA To get details on how to order this report click here , Need for improved manufacturing productivity to propel PLC component demand, To tailor this report to your specific requirements: Customize this Report , The Programmable Logic Controller (PLC) segment is estimated to hold over 30% of the SCADA market revenue by 2030. PLC devices have a robust structure and the ability to withstand change in temperature, humidity, noise, and vibrations. They can be easily programmed with the help of a user-friendly coding language. This makes it an affordable and simple tool among organizations to maximize productivity. PLC devices are widely used in different manufacturing processes including cement and paper manufacturing. It enables paper manufacturers to effectively control machines for high-speed paper production. The device is also used in the aerospace sector as a part of water tank quenching systems along with filling machine control systems in the food sector., Development of smart grid infrastructure to push the scope of SCADA deployment, To check discounted pricing for this report: Request Discount , In terms of application, the SCADA market share from the utility segment is predicted to grow at nearly 12% gains up to 2030. The utility distribution and management sector are using SCADA systems on a large scale to boost productivity. Rising influx of investments from the government as well as private sector companies have supported the development of smart grids., Increased public spending for modernization of infrastructure in Europe, In Europe, the SCADA industry size crossed USD 11 billion in 2021 and is anticipated to witness substantial growth through 2030. On account of rise in investments to develop smart grid projects. Surge in manufacturing activities have also offered lucrative scope for the adoption of SCADA systems. Government-backed initiatives to support the construction of smart city projects will complement the regional industry trends., Impact of COVID-19 pandemic on the business outlook, The COVID-19 pandemic had a negative impact on the SCADA market owing to the significant disruptions to manufacturing sector worldwide. The pandemic resulted in a reduction in the consumption of luxury goods, automotive products, and electronics. It further led to volatile prices of commodities such as oil and gas. Nationwide restrictions and lockdowns hampered sales and production of various products across several sectors, limiting the need for automated solutions. Moreover, economic recovery and resumption of manufacturing activities are expected to favor the demand for SCADA solutions., KEY MARKET SEGMENTS, By Component, Human-Machine Interface (HMI), Programmable Logic Controller (PLC), Remote Terminal Units (RTU), Others, By Application, Chemical & Pharmaceuticals, Food & Beverage, Manufacturing, Oil & Gas, Transportation, Utility, Water & Sewage, By Region, North America , U.S., Canada, Europe , UK, Germany, France, Italy, Russia, Asia Pacific, China, Japan, India, South Korea, Latin America , Brazil, Mexico, Middle East & Africa, Saudi Arabia, UAE, South Africa, KEY MARKET SEGMENTS, ABB Ltd., Emerson Electric Co., Siemens AG, Rockwell Automation, Inc., Schneider Electric SE, Omron Corporation, Yokogawa Electric Corporation, Mitsubishi Electric, Honeywell International Inc., Toshiba Infrastructure Systems, Solutions Corporation..
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