SCADA MARKET
MARKET OVERVIEW
Automation is the most wanted service required all over the world. SCADA is one of the automation systems. SCADA refers to supervisory control and data acquisition. It is a control system that includes computers, graphical user interfaces, networked data communications, and sensors. The graphical user interface is mainly used for high-level supervision of machines and processes. SCADA systems are used to study and analyse the optimal response in measured conditions and automatically execute the responses. SCADA systems can store a large amount of data and quickly get responses. The machine-controlled processes control/eliminate human error by doing the task automatically. SCADA systems are best suitable for process industries in their daily operations. For instance, the usage of SCADA systems in water and wastewater systems, oil and gas systems proves to be very effective. A lot of time is saved to identify the problem and its restoration. The increase in usage of SCADA systems has resulted in the growth rate of the SCADA market.
The impact of the pandemic situation- COVID’19 was also there on the Supervisory Control and Data Acquisition Market Analysis. Due to the complete shutdown of the manufacturing segments, many manufacturers faced loss, which further led to the loss of the SCADA market. However, the situation is coming back to normal, and the SCADA market is expected to rise in the future.
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MARKET SEGMENTATION
SCADA market can be segmented on offering, component, geography, and end-user. The SCADA market in the offering segment is divided into hardware, software, and services. Based on components, it is divided into the human-machine interface, programmable logic controller, communication system, and remote terminal unit. Based on geography, the SCADA market can be divided into North America, Europe, Asia-pacific, and the rest of the world.
There are four end-users of the SCADA system, namely process industry, utilities, discrete, and manufacturing. The SCADA market can be further divided into pharmaceuticals, chemicals, oil and gas, and food & beverages in the process industry segment. Utilities like power, transportation, water & wastewater, telecommunications can be grouped under the utility segment. The SCADA market can be divided into Automotive, semiconductor, and electronics in the discrete manufacturing segment.
REGIONAL CLASSIFICATION
The remote terminal unit component has the highest share in the SCADA market and is expected to retain progress in the coming years. According to the end-user segment, the oil and gas industry is the end user that contributes maximum to the SCADA market. When analysed based on geography, Asia-pacific holds the highest shares. Based on the offerings segment, the services hold the highest share in the SCADA market.
INDUSTRY NEWS
According to the global SCADA market analysis for the period 2021 to 2026, the SCADA market is expected to reach USD 13.2 billion by the end of the year 2026 at a CAGR of 7.6%. The rise in usage of industry 4.0 solutions using SCADA systems, rise in demand for industrial mobility solutions for process industry management, and efficient usage of software platforms like artificial intelligence and IoT are factors that influence the growth rate of the SCADA market.
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