SCADA Market

Increased adoption of Al and IoT in manufacturing industries to propel the market growth

Manufacturing operations have changed as a result of the Internet of Things (IoT) and artificial intelligence (AI). Industrial loT is the term for the use of loT in manufacturing industries (loT). By utilising SCADA systems to connect a vast network of intelligent devices, the Internet of Things (IoT) is changing manufacturing facilities. A fully digital plant is created as a result. In order to monitor and control their applications and processes, achieve faster response times, and more accurately predict machine failure, industries can benefit from SCADA systems enabled with loT and Al technologies. This lowers operational costs and boosts productivity.

Thus, the combination of loT and Al-based SCADA platforms facilitates data transmission and analysis for streamlined plant operations. Furthermore, because loT technology can detect possible issues and stop them from arising, it also contributes to a reduction in downtime. Additionally, loT speeds up and improves maintenance. With the use of this technology, managers can carefully plan out maintenance and maintain systems operational while all personnel are working. LoT can improve equipment longevity, lessen environmental risks, and promote plant safety. Machine learning (ML), a branch of artificial intelligence (AI), provides powerful tools for performing predictive maintenance.

Thus, this factor is driving the market CAGR.

Furthermore, oil and gas, pharmaceuticals, and water and wastewater treatment are just a few of the industries that use wireless sensor networks (WSN). The majority of oil and gas facilities are situated in harsh environments in distant locations. With the aid of sensors placed in a WSN, a SCADA system in an oil and gas plant monitors, manages, and controls tanks, compressors, generators, and separators. Implementing a sensor network and communication system is more affordable when a WSN is used. Additionally, they assist in resolving the issues with wired industrial networks because of their flexibility and ease of deployment.

Due to the extra hardware requirements, such as cables, networking equipment, routers, and network adapters, wired technology is more expensive than its wireless version. As a result, the expanding WSN R&D and active use in SCADA systems would broaden the applications for SCADA. Additionally, the regular software updates for SCADA-adopted wireless sensor networks enable them to be compatible with the current automated systems in many different industries.

With the increasing reliance on digital infrastructure, the Global SCADA Market Industry faces heightened concerns regarding cybersecurity threats. Organizations are investing significantly in robust security measures to protect their SCADA systems from potential cyberattacks. This focus on cybersecurity is not only driven by regulatory requirements but also by the need to safeguard critical infrastructure. As a result, the market is likely to see a rise in demand for SCADA solutions that incorporate advanced security features, ensuring the integrity and availability of operational data.

The Global SCADA Market Industry is poised for substantial growth, with projections indicating a market size of 12.0 USD Billion in 2024 and an anticipated increase to 27.6 USD Billion by 2035. This growth trajectory reflects the increasing adoption of SCADA systems across various sectors, driven by the need for automation, real-time monitoring, and enhanced operational efficiency. The market is expected to experience a compound annual growth rate of 7.85% from 2025 to 2035, highlighting the ongoing transformation of industries through advanced SCADA solutions.

The integration of Internet of Things (IoT) technologies into SCADA systems is transforming the Global SCADA Market Industry. IoT-enabled devices enhance data collection and analysis, allowing for more informed decision-making and predictive maintenance. This integration facilitates the seamless exchange of information between devices, leading to improved operational efficiency. As industries increasingly adopt IoT solutions, the SCADA market is expected to witness substantial growth, with projections indicating a market size of 27.6 USD Billion by 2035, driven by the demand for smarter and more connected systems.

The Global SCADA Market Industry experiences a surge in demand for automation across various sectors, including manufacturing, energy, and water management. As industries strive for enhanced efficiency and reduced operational costs, SCADA systems provide real-time monitoring and control capabilities. This trend is particularly evident in the energy sector, where the integration of SCADA systems facilitates the management of renewable energy sources. The market is projected to reach 12.0 USD Billion in 2024, reflecting a growing recognition of the benefits that automation brings to operational processes.

The Global SCADA Market Industry is influenced by stringent regulatory compliance and standards that govern operational practices across various sectors. Governments and regulatory bodies are implementing guidelines to ensure the safety and reliability of critical infrastructure. Compliance with these regulations necessitates the adoption of advanced SCADA systems that can monitor and report on operational metrics effectively. As organizations strive to meet these regulatory requirements, the demand for SCADA solutions is likely to increase, further propelling market growth.

The demand for real-time data analytics is a driving force in the Global SCADA Market Industry. Organizations are increasingly recognizing the value of data-driven insights for optimizing operations and enhancing decision-making processes. SCADA systems equipped with advanced analytics capabilities enable businesses to monitor performance metrics in real-time, leading to improved operational efficiency and reduced downtime. This trend is expected to contribute to a compound annual growth rate of 7.85% from 2025 to 2035, as industries seek to leverage data for competitive advantage.

By region, the study provides the market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific SCADA market accounted for USD 3.7 billion in 2021 and is expected to exhibit a 42.10% CAGR during the study period to be propelled by the rising exploration of new renewable energy resources in the near future, the quickening development of industrial infrastructure that supports the integration of process automation, the rising demand for process automation in the oil and gas industry, and the improved efficiency in wastewater management.

Further, the major countries studied in the market report are: The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: SCADA Market SHARE BY REGION 2021 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

North America SCADA market accounts for the fastest growing market share because more industries, including the oil and gas industry and the electrical power industry, are requiring process automation systems. The market is also expected to grow quickly in the near future as a result of the growing financial and technological investments in reliable and sophisticated power management. Moreover, US SCADA market held the largest market share, and the Canada SCADA market was the fastest-growing market in this region

Europe SCADA market is expected to grow at a substantial CAGR from 2022 to 2030 due to an increase in investments made to create smart grid initiatives. Increased manufacturing activity has also created attractive opportunities for SCADA system deployment. Government-sponsored programmes to assist the development of smart city projects will complement local business trends. Further, the UK SCADA market held the largest market share, and the Germany SCADA market was the fastest-growing market in the region.

Major market players are spending a lot on R&D to increase their product lines, which will help the SCADA industry grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, market developments and collaboration with other organizations. Competitors in the industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market industry.

One of the primary business strategies manufacturers adopt in the global SCADA industry to benefit clients and expand the sector is manufacturing locally to reduce operating costs. In recent years, SCADA industry has provided medicine with some of the most significant benefits. The SCADA market major player such as Schneider Electric SE, Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation, Siemens AG, Checkpoint Software Technologies, Radiflow, General Electric, Yokogawa Electric Corporation, Emerson Electric Corporation and Honeywell Automation.

European multinational Schneider Electric SE is a leader in digital automation and energy management. Utilizing a combination of energy technologies, real-time automation, software, and services, it addresses homes, buildings, data centers, infrastructure, and industries. In September 2022, to accelerate digital transformation for industrial businesses managing complex operational processes, Schneider Electric announced the full acquisition of AVEVA. The company's hybrid cloud-based subscription model and software growth strategy are both intended to be accelerated by this transaction.

Also, an American industrial automation company Rockwell Automation, Inc.'s brands include Allen-Bradley, FactoryTalk software, and LifecycleIQ Services. Rockwell Automation is based in Milwaukee, Wisconsin, and employs about 26,000 people. It serves clients in more than 100 nations. In May 2022, Rockwell Automation announced the release of V13 of FactoryTalk View Site, a new version of the programme with new capabilities. The recently released solution provides more efficient HMI animation driving for automatic diagnostics through FactoryTalk ViewPoints web points, allowing for deeper interaction with logic controller.