How will the SCADA market register substantial gains between 2020-2026?
Burgeoning adoption of automation technologies across oil & gas, manufacturing, and utility sector has catapulted Supervisory Control and Data Acquisition (SCADA) market size. Industry 4.0 has gained significance traction across several industries worldwide. Companies are exploring new ways to leverage cutting edge technologies like IoT, analytics, and AI to improve the output of their existing operations. This has encouraged firms to opt for automated control systems like SCADA.
SCADA systems are used for visualizing the complete process of a machine or factory to access real-time data. Industries worldwide are integrating SCADA with the cloud to reduce installation and maintenance costs, eliminating the requirement for high capital investments. This could significantly fuel SCADA market in the forthcoming years.
A study conducted by Global Market Insights, Inc., estimates that the global SCADA market is may surpass USD 50 billion by 2026. However, increasing cyberattacks and malware programs such as computer spyware and viruses can interrupt processes and network infrastructure, restraining SCADA market growth over the projected period.
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Considering the market’s competitive landscape, companies such as Schneider Electric SE, Rockwell Automation, Inc., ABB Ltd., Emerson Electric Co., Siemens AG, Omron Corporation, Honeywell International Inc., Yokogawa Electric Corporation, Toshiba Infrastructure Systems & Solutions Corporation, and Mitsubishi Electric are currently developing new SCADA systems.
Why are SCADA systems witnessing burgeoning demand in the chemical & pharmaceutical sector?
SCADA systems are extensively deployed in chemical & pharmaceutical industries to monitor & control the mixing of crucial compositions to ensure superior quality of end-product. The burgeoning trend of automation in pharmaceutical industries is driving the adoption of SCADA systems.
Pharmaceutical companies are adopting this technology to comply with stringent environmental & safety regulations. Moreover, the positive outlook of the chemical industry, especially in Europe and the Asia Pacific, is offering lucrative growth opportunities for companies operating in the SCADA market.
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Why is North America SCADA market recording lucrative revenue proceeds?
North America is expected to offer lucrative growth opportunities for companies operating in the SCADA market with increasing investments in Industry 4.0. Governments authorities in the United States and Canada are making investments in smart infrastructure & transportation systems.
Considering an instance to highlight the same, in 2018, the U.S. Department of Transportation made an investment of more than USD 63 billion in transportation infrastructure. Such significant investments by governments may improve the business outlook SCADA market over the forecast period.
What are the key business strategies adopted by companies in the SCADA market?
Companies operating in the SCADA industry are leveraging several organic and inorganic growth strategies such as implementing new alliances to strengthen partner network, new solution launches and acquisitions to tap a major market share. In the year 2018, ABB Ltd. acquired General Electric’s industrial solutions business segment to strengthen the company’s position in the industrial automation business.
Moreover, industry participants are investing heavily to introduce cutting-edge SCADA systems. The integration of IoT, big data analytics, and AI technologies may create a favorable business scenario for SCADA manufacturers in the forthcoming years.
Table of Content
Chapter 1. Methodology and Scope
1.1. Definitions & forecast parameters
1.1.2. Methodology and forecast parameters
1.2. Data Sources
Chapter 2. Executive Summary
2.1. SCADA industry 360° synopsis, 2016 – 2026
2.1.1. Business trends
2.1.2. Component trends
2.1.3. Application trends
2.1.4. Regional trends
Chapter 3. SCADA Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2016 – 2026
3.3. Industry ecosystem analysis
3.3.1. Component suppliers
3.3.2. Software & technology providers
3.3.3. Cloud service providers
3.3.4. Distribution channel analysis
3.3.5. End-use landscape
3.3.6. Vendor matrix
3.4. Technology & innovation landscape
3.5. Regulatory landscape
18.104.22.168. North America
22.214.171.124. Asia Pacific
126.96.36.199. Latin America
3.6. Industry impact forces
3.6.1. Growth drivers
188.8.131.52. Robust outlook of oil & gas industry across the globe
184.108.40.206. Rising adoption of automation technologies in the utility sector of North America and Europe
220.127.116.11. Increasing investments in smart city projects across Europe and Asia Pacific
18.104.22.168. Government initiatives for supporting innovation in Asian manufacturing sector
22.214.171.124. Rapidly developing manufacturing sector in Brazil & Mexico
126.96.36.199. Growing popularity of enhanced automation technologies in MEA
3.6.2. Industry pitfalls & challenges
188.8.131.52. High initial implementation cost
184.108.40.206. Security concerns in SCADA
3.7. Growth potential analysis
3.8. Porter's analysis
3.8.1. Supplier power
3.8.2. Buyer power
3.8.3. Threat of new entrants
3.8.4. Threat of substitutes
3.8.5. Internal rivalry
3.9. Competitive landscape, 2019
3.9.1. Company market share analysis
3.9.2. Strategy dashboard (New product development, M&A, R&D, Investment landscape)
3.10. PESTEL analysis
Chapter 4. SCADA Market, By Component
4.1. Key trends by component
4.2. Human-machine Interface (HMI)
4.2.1. Market estimates and forecast, 2016 – 2026
4.3. Programmable Logic Controller (PLC)
4.3.1. Market estimates and forecast, 2016 – 2026
4.4. Remote terminal unit (RTU)
4.4.1. Market estimates and forecast, 2016 – 2026
4.5.1. Market estimates and forecast, 2016 – 2026
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