May 8, 2019   SOURCE: BusinessWire

SCADA Market Outlook to 2024: Key Players are Schneider Electric, ABB, Siemens, Emerson Electric and Rockwell Automation - ResearchAndMarkets.com

The "SCADA Market by Component (Programmable Logic Controller, Remote Terminal Unit, Human-Machine Interface, Communication Systems), Architecture (Hardware, Software, Services), Industry, and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The SCADA system is used to track and analyze real-time data, which is subsequently used to monitor and control industry processes.

The SCADA market is expected to grow from USD 11 billion in 2019 to USD 15.2 billion by 2024; it is expected to grow at a CAGR of 6.7% during 2019-2024. The growth of the SCADA market is driven by factors such as high demand for industrial mobility solutions to efficiently manage process industries, increased adoption of Industry 4.0 in process industries, and increased use of software platforms such as IoT and edge computing. However, factors such as high capital costs for the deployment of the SCADA system and fluctuating oil & gas prices act as major restraints for the SCADA market growth.

Key players offering SCADA solutions include Schneider Electric (France), ABB (Switzerland), Siemens (Germany), Emerson Electric (US), Rockwell Automation (US), while other major players in this market include General Electric (US), Honeywell International (US), Yokogawa Electric (Japan), and OMRON (Japan). These players operate globally and provide solutions and components related to SCADA.

Rising demand of RTUs is expected to encourage growth of SCADA market during forecast period

RTUs are expected to account for the largest share of the SCADA market during the forecast period. An RTU is a field device that needs to be installed in operation sites. Operation sites for the oil & gas, power, and water & wastewater industries are large. Hence, RTUs are expected to continue to account for the largest market size in the coming years. Deep-sea exploration and extraction, along with shale gas, also contribute to the rising demand for RTUs.

Services architecture to hold largest market share of SCADA market

The SCADA system services majorly include installation, maintenance, and modification. Services include providing increased security systems and latest technologies related to SCADA systems; there is a high demand for application-specific modification services, which has resulted in an increased number of services, including SCADA system recommendations, regulatory compliance services, re-commissioning or restart assistance, and legacy system support and migration services.

APAC to be largest contributing market for SCADA during forecast period

APAC is the growing market for SCADA in various applications, such as power, electrical utilities, process automation, and communication, due to its fastest-growing economies. The market in China is expected to grow mainly because the number of manufacturing units in China is increasing, which is expected to create a huge demand for SCADA. Another reason for the growth of the SCADA market in APAC is the increase in the number of manufacturing plants in various sectors, such as automotive, textiles, power, and pharmaceuticals.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Growth Opportunities for SCADA Market

4.2 SCADA Market, By Architecture (2019-2024)

4.3 SCADA Market, By Component (2019-2024)

4.4 SCADA Market, By Industry and Geography (2019)

4.5 Key Partnerships and Agreements Impacting SCADA Market

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Increased Use of Software Platforms Such as IoT and Artificial Intelligence for Digital Transformation

5.2.1.2 High Demand for Industrial Mobility Solutions to Efficiently Manage Process Industries

5.2.1.3 Increased Adoption of Industry 4.0 in Process Industries

5.2.1.4 High Importance of Infrastructure Development in Terms of Smart Cities and Transportation

5.2.2 Restraints

5.2.2.1 Fluctuating Oil Prices Having Adverse Impact on Investments in Critical Infrastructure

5.2.2.2 High Capital Requirement for Installation and Maintenance of SCADA Systems

5.2.3 Opportunities

5.2.3.1 Use of 5G Technology in Industrial Environment and Big Data Analytics in SCADA System for Smart City Applications

5.2.3.2 Developments in Wireless Sensor Network and Its Adoption in SCADA

5.2.3.3 Preference for Cloud-Based Over On-Premises SCADA Systems

5.2.4 Challenges

5.2.4.1 Vulnerability to Cyber Attacks

5.3 Deployment Models Available for SCADA

5.3.1 On-Premises Deployment

5.3.1.1 Limitations of On-Premises Deployment Makes Them Less Preferable Option

5.3.2 Cloud Deployment

5.3.2.1 Advantages of Cloud-Based Deployment of SCADA System

5.3.3 Hybrid Deployment

5.3.3.1 Hybrid Deployment Can Be Adopted According to Enterprise Requirements

5.4 Ecosystem of SCADA in South-East Asia

5.4.1 Overview

5.4.2 Key Industries Deploying SCADA in SEA

5.4.2.1 Comparison of SEA Market With Total APAC Market

5.4.3 Companies Offering SCADA Solutions in SEA

5.4.3.1 Big Players

5.4.3.2 Influence of Chinese Companies

5.4.3.3 Mid-Size, Local & Regional Companies

5.4.4 Cybersecurity

5.4.4.1 Latest Trends in Cybersecurity

5.4.5 SCADA Market in South-East Asian Countries

5.4.5.1 Philippines

5.4.5.2 Indonesia

5.4.5.3 Myanmar

5.4.5.4 Malaysia

6 SCADA Market, By Component

6.1 Introduction

6.2 Human-Machine Interface (HMI)

6.3 Remote Terminal Unit (RTU)

6.4 Programmable Logic Controller (PLC)

6.5 Communication System

6.6 Others

7 SCADA Market, By Architecture

7.1 Introduction

7.2 Hardware

7.3 Software

7.4 Services

8 SCADA Market, By Industry

8.1 Introduction

8.2 Oil & Gas

8.3 Power

8.4 Water & Wastewater

8.5 Transportation

8.6 Telecommunications

8.7 Pharmaceuticals

8.8 Chemicals

8.9 Manufacturing

8.10 Food & Beverages

8.11 Others

9 SCADA Market, By Geography

9.1 Introduction

9.2 Americas

9.3 Europe

9.4 Asia Pacific

9.5 Rest of the World

10 Competitive Landscape

10.1 Overview

10.2 Competitive Analysis

10.2.1 Ranking Analysis of Players in SCADA Market, 2018

10.3 Competitive Leadership Mapping, 2018

10.3.1 Visionary Leaders

10.3.2 Innovators

10.3.3 Dynamic Differentiators

10.3.4 Emerging Companies

10.4 Competitive Situations and Trends

10.4.1 Agreements, Collaborations, and Partnerships

10.4.2 Product Launches and Developments

10.4.3 Acquisitions and Expansions

11 Company Profiles

11.1 Key Players

11.1.1 ABB

11.1.2 Emerson Electric

11.1.3 Rockwell Automation

11.1.4 Schneider Electric

11.1.5 Siemens

11.1.6 General Electric

11.1.7 Honeywell International

11.1.8 Omron

11.1.9 Yokogawa Electric

11.1.10 Willowglen Systems

11.2 Other Players

11.2.1 Andritz

11.2.2 Iconics

11.2.3 JFE Engineering

11.2.4 Valmet

11.2.5 Toshiba

11.2.6 Mitsubishi Electric

11.2.7 Sprecher Automation

11.2.8 Certec EDV

11.2.9 Fuji Electric

11.2.10 Copa-Data

11.2.11 Progea

11.2.12 Elynx Technologies

11.2.13 Enbase

11.2.14 Inductive Automation

11.2.15 Capula

11.2.16 Hitachi

11.2.17 Schweitzer Engineering Laboratories (SEL)

11.2.18 Azbil

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