SCADA Systems for Efficient Work Management
The SCADA market is evaluated at US$22.946 billion for the year 2020 growing at a CAGR of 6.01% reaching a market size of US$34.519 billion by the year 2027.
Supervisory Control and Data Acquisition (SCADA) consists of different computers, user interfaces, and networked data communication to monitor critical infrastructure systems and the operation process. The most important aspect of SCADA is its ability to evolve with the ever-changing technology. SCADA systems are crucial for industrial organizations, as it allows them to control industrial processes locally or at remote locations, monitor, gather, and process real-time data, and record events into a log file, etc. These control systems consist of hardware and software elements. Furthermore, SCADA systems work well with many different types of enterprises owing to their wide range from simple configurations to large ones. Additionally, an effective SCADA system can result in significant savings of time and money. Moreover, numerous business owners in the oil and gas, energy, food and beverage, transportation, recycling, and other industries are drawn to SCADA because of its many alluring benefits, such as interoperability, scalability, communications, and support. These benefits allow these business owners to adopt these control systems as the foundation of their operations.
In the predicted timeframe, it is anticipated that the development of IoT and Industry 4.0 will accelerate the growth of the SCADA market
The need for real-time data to perform process analysis and predictive maintenance in industrial environments coupled with the growing demand for industrial robots are the key factors increasing the adoption of Industry 4.0 globally. Industry 4.0 revolutionizes the monitoring, automation, and analysis of supply chains through smart technology. It is powered by the industrial Internet of Things (IIoT) and cyber-physical systems, IoT, and cloud computing. Industry 4.0 aids the issue of human errors associated with the production process and allows most industrial processes and systems to go automated, which allows the production units to operate around the clock. Moreover, Industry 4.0 also incorporates automation infrastructure like SCADA or IoT, which aids the remote manufacturing process, and resourceful collection of real-time information to ensure optimum operations. Traditionally, SCADA involves the manual creation of analytical reports, but when IoT technologies are connected, this process may be effectively automated in less time and obtain high-quality insights. The market environment for SCADA has improved as a result of the introduction of IoT and the updating of current SCADA with various enticing aspects including scalability and data analytics. The necessity for efficient supply chains, quality products, and ongoing process optimization are driving the market’s expansion due to the increasingly strict regulatory requirements. Henceforth, these developments in the IoT and industry 4.0 segments are expected to propel the market for Supervisory Control and Data Acquisition (SCADA) during the anticipated period.
Additionally, the growing trend of digitalization is expected to augment the SCADA market in the coming years. The trend of digitalizing the operation is gaining momentum worldwide, countries are supporting, investing, and planning for digitally organized operations. For instance, the Government of India launched the Digital India flagship program with a vision to transform India into a digitally empowered society. Under the Digital India Program, the government approved the North East BPO Promotion Scheme to incentivize the BPO/ITES operations in North East Region. These government initiatives to bring digital transformations are expected to drive the SCADA market.
According to the analysts, the growth of the SCADA market is projected to be fueled by the numerous strategic deployments made by both public and private companies in the SCADA market on a global scale
Many businesses are stepping up their statistical approaches to improve their operations and market presence to fulfill the increased demand for data analytics and operational process management. For instance, in March 2022, CODRA a French developer of the Panorama Suite Platform, which is specialized in front-end communication, SCADA, and data historian launched its Panorama Suite 2022. This new version consolidated the company’s approach of putting the customer’s priorities at the front, whilst offering practical responses to the challenges of the digital transformation and green transition. Furthermore, this new version consolidated a two-level functional architecture with local SCADAs deployed across several sites, along with a centralized Hyper vision to provide you with centralized and secure asset management. Eventually, the deployment of these applications can reduce the end-users time and money. Consequently, these user benefits are expected to propel the SCADA market in the forthcoming years.
Based on components the market for Supervisory Control and Data Acquisition (SCADA) is expected to hold a significant share during the forecast period
Based on components, the SCADA market is segmented into Remote Terminal Units (RTUs), Programmable Logic Controllers (PLC), and SCADA Communication Systems. During the anticipated period, it is expected that the Programmable Logic Controllers segment will hold a notable share of the SCADA market. The PLC uses special programmable memory to store instructions and to implement functions like timing, sequencing, logic, and arithmetic among others to control machines or processes. Furthermore, can withstand changes in temperature, humidity, electrical noise, and vibration owing to its robust structure. Also, they can be programmed with a simple user-friendly coding language which makes it an easy and economical tool for businesses to maximize productivity. A PLC is commonly used in civil applications such as washing machines and for controlling traffic lights. Moreover, these PLCs are used in several industries to monitor and control production processes and building systems. Thus, the extensive use and benefits of the PLC systems are expected to drive the market for Supervisory Control and Data Acquisition (SCADA).
The Asia Pacific region is expected to hold a dominant share of the SCADA market during the anticipated timeframe
Based on Geography, the SCADA market is divided into North America, South America, Europe, and the Asia Pacific. Over the years, the Asia-Pacific region has become a production hub for the automation technology industry owing to the presence of manufacturing giant countries like China, India, and Japan among others. Furthermore, the major market players are companies like Mitsubishi Electric Corporation, Yokogawa Electric Co., and Hitachi Ltd., which operate their business in this region. This is another factor for the growth of the SCADA market in the Asia- Pacific region. Moreover, the increasing automation due to the rising need for high-quality products, along with rising production rates are driving the market growth. The rising industrial automation in this region is fueled further by rising investments and business expansions. Additionally, the water and wastewater sector, renewable energy sector, smart grids sector, and transportation sector are expected to drive the growth of the SCADA market in the Asia-Pacific region during the study period.
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