According to a market report, published by Sheer Analytics and Insights, The global supervisory control and data acquisition (SCADA) market was valued at $13.2 billion in 2021 and it is expected to reach $67.6 billion at a CAGR of 15.4% between 2022 and 2032. The availability of 3D content and appropriate infrastructure are crucial for the market's growth. A wireless sensor network is a network of dispersed autonomous devices with sensors to keep an eye on environmental or physical parameters (WSN). Oil and gas, pharmaceuticals, water, and wastewater treatment, and other industries all use WSNs. Most oil and gas activities are situated in remote areas with challenging climatic conditions. Moreover, to manage and operate tanks, compressors, generators, and separators in an oil and gas plant, a SCADA system makes use of sensors installed in a WSN. Using a WSN lowers the cost of building a sensor network and communication system. Pressure, temperature, flow, and system level are just a few of the features of in-plant operations that a WSN measures and detects. Using a WSN in SCADA enables process control and real-time data monitoring. As a result, WSN's active integration into SCADA systems and growing R&D in the field will broaden SCADA's use. Rapid software updates enable wireless sensor networks to be compatible with modern automated systems in many SCADA-using businesses.
A growing number of industrial mobility solutions are being adopted, which is one of the elements driving the supervisory control and data acquisition (SCADA) market. Several industries have turned to automated processes to monitor the manufacturing flow. To protect the system from cyber-attacks, companies are embracing supervisory control and data acquisition (SCADA) systems more and more. Moreover, a control system called supervisory control and data acquisition (SCADA) uses PCs, graphical user interfaces, and networked data transfers to give real-time data and high-level process supervision, particularly from topographically remote locations. To increase productivity and efficiency, it is used in several industries, including oil and gas, power, pharmaceuticals, water and wastewater treatment, chemical and petrochemical, automotive and electrical, and electronics. Hence, these rising factors are expected to drive market growth during the forecast period.
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A rise in smart buildings has been observed in developing nations, which is predicted to support the market's total growth. Additionally, the industry is positively impacted by the rising use of smart devices and the expanding number of internet users. In addition, the introduction of industry 4.0 in the manufacturing and process industries has sped up market expansion. They have implemented these services as a part of their digitization efforts. Several countries are using data acquisition and supervisory oversight (SCADA).
On the other side, some restraints are projected to hamper the market growth in the future. For instance, the high installation and maintenance costs of these systems and the predicted drop in oil prices are expected to restrain market expansion. Additionally, over the anticipated period, the supervisory control and data acquisition (SCADA) market is expected to face challenges related to its sensitivity to cyber-attacks.
Some new developments in the global supervisory control and data acquisition (SCADA) market:
- 19th May, 2022, launches of SCADA and PLC software by ECIL. Industrial Control Applications employ PLC and SCADA widely, and ECIL was a pioneer in creating them. PLC and SCADA systems from ECIL have been successfully running at nuclear plants and ISRO centers for the past forty years.
- 4th August, 2022, a new version of the Operations Control software was released by AVEVA. AVEVA Operations Control is a flexible, subscription-based solution of integrated capabilities that fosters improved productivity and worker collaboration at the scale that is most advantageous to the business. The new release facilitates the delivery of this product even further.
- an improved version of the HMI/SCADA software was released by GE Digital. This would enhance the operation's connectivity, security, and dependability. With no deployment clients, it would also reduce maintenance time and expenses.
According to the study, key players dominating the global SCADA market are ABB Ltd (Switzerland), Azbil (Japan), Capula Ltd (U.K), Eaton Corporation (Ireland), Emerson Electric (U.S), Furukawa Group (Japan), General Electric (U.S), Hitachi (Japan), Honeywell International (U.S), IBM (U.S), Mitsubishi (Japan), Omron (Japan), Rockwell Automation (U.S), Schneider Electric (France), Siemens (Germany), Toshiba (Japan), Valmet (Finland), among others.
The Global Supervisory Control and Data Acquisition (SCADA) Market Has Been Segmented Into:
The Global SCADA Market – by Component Type:
- Human Machine Interface (HMI)
- Programmable Logic Control (PLC)
- Remote Terminal Units (RTU)
- Others
The Global SCADA Market – by Application Type:
- Chemical & Pharmaceuticals
- Food & Beverage
- Manufacturing
- Oil & Gas
- Transportation & Automation
- Utility
- Others
The Global SCADA Market – by Regions:
- North America
- The U.S.
- Canada
- Mexico
- Europe
- U.K.
- France
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- Australia
- Rest of Asia Pacific
- LAMEA
- Middle East
- Saudi Arabia
- UAE
- Others
- Latin America
- Brazil
- Chile
- Others
- Africa
- South Africa
- Egypt
- Others
Browse the full report at https://www.sheeranalyticsandinsights.com/market-report-research/scada-market-21
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