SCADA (Supervisory Control and Data Acquisition) Market 2024

Market Overview

The driving force behind the growth of the SCADA industry is the increasing emphasis on operational innovation, particularly in terms of autonomously gathering, monitoring, processing, recording, and transmitting data to a centralized tower. This trend is fueled by the growing adoption of SCADA systems in the energy and utility sectors, where the scope of usage is expanding due to the implementation of global smart grid projects. it is projected that the global SCADA market size will reach USD 8,203 million by 2029, with a CAGR of 4.5% from 2024 to 2029.

The global SCADA market can be categorized into three components: hardware, software, and services, each pertaining to specific time periods. This market offers substantial long-term business opportunities for suppliers. Currently, approximately one-third of the revenue is generated from services associated with past installations. This indicates a consistent demand for support and maintenance in the market. Furthermore, the installed base of SCADA systems continues to expand due to the presence of multiple vendors, including suppliers of PLC (Programmable Logic Controller), DCS (Distributed Control System), and pure-play SCADA solutions. In terms of market dominance, the hardware segment held the largest share in 2023. It is projected to reach a value of USD 3,526 million by 2029. Conversely, during the forecast period from 2024 to 2029, the hardware segment is expected to exhibit the highest compound annual growth rate (CAGR) of 4.8%.

The SCADA market is experiencing significant growth, driven by various factors and the increasing demand for renewable energy and environmental protection. The use of renewable energy sources for power generation is on the rise, which has led to a decentralized form of power generation. Consequently, this trend is expected to boost the SCADA systems market. The SCADA market can be divided into power, oil & gas, water treatment, and others. The power segment is projected to reach USD 4,851 million by 2029, representing a CAGR of 4.9% over the forecast period of 2024 to 2029.

The SCADA market primarily consists of three main channels for sales: direct sales, distributors, and other avenues. In terms of revenue, the direct sales segment dominated the global SCADA market in 2023. Direct sales serve as the primary means through which SCADA systems are sold, and this approach is adopted to ensure transparent communication with customers.

In terms of geography, Asia-Pacific has emerged as the dominant player, capturing a significant share of 33.8% in 2023. This growth can be attributed to the greenfield opportunities in the emerging economies of Asia-Pacific, where there is a strong emphasis on investing in SCADA systems for monitoring and control purposes.

Prominent vendors shaping competitive dynamics include ABB, Ltd., General Electric Company, Schneider Electric SE, Siemens AG, Hitachi, Ltd., Mitsubishi Electric Corporation, Honeywell International Inc., Yokogawa Electric Corporation, Emerson Electric Co., Rockwell Automation Inc., Fuji Electric Co., Ltd., among other players.

This study aims to analyze the global market for various segments of SCADA, including:
Component: Hardware, Software, and Services.
End-User: Power, Oil & Gas, Water Treatment, and Others.
Distribution Channel: Direct Sales, Distributors, and Others.
Region: North America (USA, Canada, and Mexico), Europe (Germany, France, UK, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia Pacific), Latin America (Brazil and Rest of Latin America), Middle East, and Africa.

Table of Contents

TABLE OF CONTENTS
TABLE OF CONTENTS 1
FIGURES AND TABLES 4
Part 1. Key Findings 7
Part 2. Scope and Methodology 8
Report Scope 9
Component 9
End-User 9
Distribution Channel 9
Region 9
Research Methodology 11
Part 3. SCADA Market Overview 13
Summary 13
Introduction 16
Definition 18
Part 4. Market Dynamics 21
Growth Driver 21
Restraints and Challenges 33
Opportunities 40
Future Trends 46
Part 5. Global SCADA Market by Component 48
Hardware 50
Software 51
Services 52
Part 6. Global SCADA Market by End-User 54
Part 7. Global SCADA Market by Distribution Channel 57
Part 8. Global SCADA Market by Region 60
North America 65
Europe 68
Asia-Pacific 71
Latin America 74
Middle East and Africa 78
Part 9. Competitive Analysis 80
Competition Overview 80
Recent Developments 82
ABB, Ltd. 84
Business Overview 84
Contact Information 87
General Electric Company 88
Business Overview 88
Power Segment 91
Contact Information 92
Schneider Electric SE 93
Business Overview 93
Contact Information 95
Siemens AG 96
Business Overview 96
Contact Information 98
Hitachi, Ltd. 99
Business Overview 99
Contact Information 100
Mitsubishi Electric Corporation 101
Business Overview 101
Contact Information 106
Honeywell International Inc. 107
Business Overview 107
Contact Information 110
Yokogawa Electric Corporation 111
Business Overview 111
Contact Information 113
Emerson Electric Co. 114
Business Overview 114
Contact Information 117
Rockwell Automation, Inc. 118
Business Overview 118
Contact Information 121
Fuji Electric Co., Ltd. 122
Business Overview 122
Contact Information 125
Disclaimer 126
FIGURES AND TABLES
Global SCADA Market, Net Growth, 2020-2029 (USD Million)
Global SCADA Market by Component, 2020-2029 (USD Million)
Global SCADA Market by Component, CAGR Historic and Forecast, 2020-2029
Global SCADA Market by End-User, 2020-2029 (USD Million)
Global SCADA Market by End-User, CAGR Historic and Forecast, 2020-2029
Global SCADA Market by Distribution Channel, 2020-2029 (USD Million)
Global SCADA Market by Distribution Channel, CAGR Historic and Forecast, 2020-2029
Global SCADA Market Share by Region, 2023
Global SCADA Market by Region, 2020-2029 (USD Million)
Global SCADA Market by Region, CAGR Historic and Forecast, 2020-2029
North America SCADA Market, Net Growth, 2020-2029 (USD Million)
North America SCADA Market Share by Country, 2023
Europe SCADA Market, Net Growth, 2020-2029 (USD Million)
Europe SCADA Market Share by Country, 2023
Asia-Pacific SCADA Market, Net Growth, 2020-2029 (USD Million)
Asia-Pacific SCADA Market Share by Country, 2023
Latin America SCADA Market, Net Growth, 2020-2029 (USD Million)
Latin America SCADA Market Share by Country, 2023
Middle East and Africa SCADA Market, Net Growth, 2020-2029 (USD Million)
Middle East and Africa SCADA Market Share by Country, 2023
Global SCADA Market Share, by Company, 2023
ABB, Ltd. Financial Overview (USD Million)
ABB, Ltd. Revenue, by Type, 2022
ABB, Ltd. Revenue, by Segment, 2022
ABB, Ltd. Revenue, by Product, 2022
ABB, Ltd. Revenue, by Region, 2022
General Electric Company Financial Overview (USD Million)
General Electric Company Revenue, by Segment, 2022
General Electric Company Revenue, by Industry, 2022
General Electric Company Revenue, by Region, 2022
General Electric Company Power Segment Revenue (USD Million)
General Electric Company Power Segment Revenue, by Type, 2022
Schneider Electric SE Financial Overview (EUR Million)
Schneider Electric SE Revenue, by Segment, 2022
Siemens AG Financial Overview (EUR Million)
Siemens AG Revenue, by Segment, 2022
Siemens AG Revenue, by Region, 2022
Hitachi, Ltd. Financial Overview (JPY Billion)
Mitsubishi Electric Corporation Financial Overview (JPY Billion)
Mitsubishi Electric Corporation Revenue, by Segment, 2022
Mitsubishi Electric Corporation Infrastructure Revenue, by Segment, 2022
Mitsubishi Electric Corporation Industry and Mobility Revenue, by Segment, 2022
Mitsubishi Electric Corporation Life Revenue, by Segment, 2022
Mitsubishi Electric Corporation Business Platform Revenue, by Segment, 2022
Mitsubishi Electric Corporation Revenue, by Region, 2022
Honeywell International Inc. Financial Overview (USD Million)
Honeywell International Inc. Revenue, by Segment, 2022
Honeywell International Inc. Revenue, by Industry, 2022
Honeywell International Inc. Revenue, by Region, 2022
Yokogawa Electric Corporation Financial Overview (JPY Million)
Yokogawa Electric Corporation Revenue, by Segment, 2023
Yokogawa Electric Corporation Revenue, by Region, 2023
Emerson Electric Co. Financial Overview (USD Million)
Emerson Electric Co. Revenue, by Segment, 2023
Emerson Electric Co. Intelligent Devices Revenue, by Segment, 2023
Emerson Electric Co. Software and Control Revenue, by Segment, 2023
Rockwell Automation, Inc. Financial Overview (USD Million)
Rockwell Automation, Inc. Revenue, by Segment, 2023
Rockwell Automation, Inc. Revenue, by Type, 2023
Rockwell Automation, Inc. Revenue, by Region, 2023
Fuji Electric Co., Ltd. Financial Overview (JPY Billion)
Fuji Electric Co., Ltd. Revenue, by Segment, 2023
Fuji Electric Co., Ltd. Revenue, by Region, 2023