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SCADA System Market Worth $11.16 Billion by 2020

SCADA systems are required for automation mainly by industries such as oil and gas, power (T&D), and water and wastewater management. SCADA systems, with their unique feature of acquiring data from the remote field devices and enabling the centralized computer to control and monitor the processes from one location, have witnessed an increase in their applications in the industry. In the present scenario where human activities are also being automated by the use of robotics, the SCADA systems provide great aid as a control system and that too in a cost-effective manner, thereby increasing the operational efficiency of the firm. Benefits of automated control over the physically controlled processes are convenience, less process time, and increased efficiency. Major players involved in the development of the SCADA systems include ABB Ltd. (Switzerland), Rockwell Automation (U.S.), and Siemens AG (Germany).

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According to a new market research report of "SCADA Market by Components (PLC, RTU, HMI, Communication Systems), Architecture (Hardware, Software, Services), Application (Oil & Gas, Power, Water & Wastewater, Transport, Manufacturing, Chemicals), and Geography - Analysis & Forecast to 2013 - 2020" published by MarketsandMarkets, The SCADA Market is estimated to reach at $11.76 billion by 2020, at an estimated CAGR of 7.24% from 2014 to 2020.

Browse 77 market data Tables and 67 Figures spread through 313 Pages and in-depth TOC on "SCADA Market"

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The Supervisory Control and Data Acquisition (SCADA) Market includes programmable logic controllers (PLC), remote terminal units (RTUs), human machine interface (HMI), and communication systems. SCADA Market is expected to grow in the forecasted period as there is huge potential from renewable energy sector, high investments in infrastructure for sectors such as oil and gas, power (transmission and distribution), and water and wastewater management. These are some of the factors which are driving the growth of the SCADA market. Cyber security threat is considered as an important restraint which is being faced frequently by the SCADA market.

Hughes Communication (U.S.) offers satellite broadband by catering innovative network technology, services, and solutions for enterprises. It has developed a ‘Hughes 9201- M2M satellite IP SCADA terminal’ which serves as a gateway to global machine to machine communications. The terminal allows sending and receiving of IP packet via Ethernet over the Inmarsat BGAN satellite network. The ‘9201- M2M’ acts as an intermediary between customer SCADA terminal and the Inmarsat BGAN satellite. Due to its compatible size, it is easy to implement and thus, it is cost effective. It is an always on access terminal which provides continuous link between the SCADA terminal and the satellite. It is expected that the continuous increasing application of the SCADA system and innovation will help to grow the entire SCADA market.

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The overall SCADA Market is segmented into four major segments - components, architecture, application, and geography. All the segments are separately classified in the report. The SCADA Market is expected to reach up to $11.16 Billion by 2020, at an estimated CAGR of 7.24 % from 2014 to 2020.

Geographical split for the SCADA Market is included in the report. It presents the market size of different geographies. SCADA market report divides the overall market based on the four major geographical segments- The Americas, Europe, APAC, and Rest of the world (ROW). Asia Pacific (APAC) is estimated to contribute the major share in the SCADA Market, which is then followed by the Americas and Europe. Major players which are dominating the SCADA Market include ABB (Switzerland), Rockwell Automation (U.S.), and Siemens (Germany).

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