SCADA Market Forecast, Opportunities and Challenges worth $13.2 Bn

May 11 03:35 2022
SCADA Market Forecast, Opportunities and Challenges worth $13.2 Bn
SCADA Market
SCADA Market size is expected to reach USD 13.2 billion by 2026 from USD 9.2 billion in 2021, at a CAGR of 7.6% from 2021 to 2026.

According to the new market research report SCADA Market with COVID-19 Impact by Offering (Hardware, Software, Services), Component (Programmable Logic Controller, Remote Terminal Unit, Human‒Machine Interface, Communication System), End User, and Region – Global Forecast to 2026″, the global SCADA market size was valued at USD 9.2 billion in 2021 and is projected to reach USD 13.2 billion by 2026; it is expected to grow at a CAGR of 7.6% from 2021 to 2026. Increased acceptance of Industry 4.0 solutions using SCADA systems, rising demand for industrial mobility solutions for effective process industry management, and use of software platforms such as IoT and artificial intelligence are all driving this market forward.

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Browse 158 market data Tables and 87 Figures spread through 230 Pages and in-depth TOC on “SCADA Market with COVID-19 Impact by Offering and Region – Global Forecast to 2026″View detailed Table of Content here

SCADA Market

Services offering accounted for largest size of the SCADA market in 2020.

The services segment accounted for the largest share of the SCADA market in 2020. SCADA systems have already been used in several industries in the Americas and Europe. As a result, there are less opportunities for new SCADA systems to be implemented. However, there are numerous options for SCADA system modification. After the installation of SCADA systems, organizations need proper modification and maintenance throughout the life of SCADA systems. Service offerings, especially cybersecurity, are considered while customizing or modifying SCADA systems.

Process industry is expected to hold the largest size of the SCADA market in 2021.

Process industry is expected to account for the largest share of the SCADA market during 2021–2026. The rate of adoption of SCADA systems is high in process industries owing to the rising pressure on manufacturers to optimize the cost and production processes. The demand for SCADA systems in the process industry is predicted to rise as the demand for real-time visibility of complex operations grows in industries such as oil and gas, chemicals, pharmaceuticals, metals and mining, and food and beverages.

APAC projected to grow at the highest CAGR of SCADA market from 2021 to 2026.

During the projection period, APAC is expected to hold the highest share of the SCADA market. Because to the presence of large firms like Yokogawa Electric, Mitsubishi Electric, and OMRON, APAC is the production hub for automation technologies. Renewable energy, smart grids, water & wastewater, and transportation sectors are expected to drive the growth of the SCADA market in APAC. Automation is increasing in APAC because of the rising necessity for high-quality products, along with increased production rates.

Schneider Electric, Emerson Electric, Rockwell Automation, ABB, Siemens, Honewell International, and Mitsubishi Electric, among others, are some of the key players offering SCADA systems.

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