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SCADA Market share, size 2019 global growth, new updates, trends, opportunities, industry expansion, challenges and forecasts till 2024

A fresh report titled on “SCADA Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.

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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 US$ 11.0 Billion in 2019 to USD 15.2 Billion by 2024; it is expected to grow at a CAGR of 6.7% during 2019–2024.

Topmost Outstanding Market Players:

  • Schneider Electric (France)
  • ABB (Switzerland)
  • Siemens (Germany)
  • Emerson Electric (US)
  • Rockwell Automation (US)
  • General Electric (US)
  • Honeywell International (US)
  • Yokogawa Electric (Japan)
  • OMRON (Japan)

 

“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.

 

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“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.

 

Breakdown of primary participants’ profile:

  • By Company type: Tier 1: 35%, Tier 2: 50%, and Tier 3: 15%
  • By Designation: C-level Executives: 40%, Directors: 45%, and Others 15%
  • By Region: Americas: 30%, Europe: 25%, APAC: 40%, and RoW: 5%

 

Competitive Landscape of SCADA Market:

1 Overview

2 Competitive Analysis

2.1 Ranking Analysis of Players in SCADA Market, 2018

3 Competitive Leadership Mapping, 2018

3.1 Visionary Leaders

3.2 Innovators

3.3 Dynamic Differentiators

3.4 Emerging Companies

4 Competitive Situations and Trends

4.1 Agreements, Collaborations, and Partnerships

4.2 Product Launches and Developments

4.3 Acquisitions and Expansions

 

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