Supervisory Control and Data Acquisition (SCADA) Market size was valued at USD 11.12 Billion in 2023 and is predicted to reach USD 21 Billion by the end of 2036, registering around 12% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of supervisory control and data acquisition is evaluated at USD 11.12 Billion.
Additionally, in the year 2024, the supervisory control and data acquisition market revenue was close to USD 12 Billion. It is believed that the rising demand for oil & gas across the globe may lead to a greater need for efficient monitoring and automation, which may augment the SCADA market demand for supervisory control and data acquisition systems employed for numerous aspects of pipeline operations, and monitoring other activities.
As per the International Energy Agency, between 2022 and 2028, the world's oil consumption is expected to increase by 6% to 105.7 million barrels per day (mb/d), driven primarily by the petrochemical and aviation industries.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
12% |
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Base Year Market Size (2023) |
USD 11.12 Billion |
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Forecast Year Market Size (2036) |
USD 21 Billion |
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Regional Scope |
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Component (Human Machine Interface (HMI), Remote Terminal Unit (RTU), Programmable Logic Controller (PLC))
Programmable logic controller (PLC) segment is projected to hold over 45% supervisory control and data acquisition (SCADA) market share by the end of 2036. The segment growth can be attributed to the increasing adoption of industrial automation. For instance, global productivity will increase through automation by over 8% per year. Particularly, over the next five years, more than 20% of capital expenditures made by industrial enterprises will go toward automation.
These factors have increased the adoption of a programmable logic controller (PLC), which is a digital industrial computer control system that has been ruggedized and is preprogrammed to perform automated tasks in industrial processes to provide incredibly dependable, steady, and fast applications.
Moreover, modern industrial automation requires the use of PLC and SCADA systems, as they serve as the foundation for many industrial processes, guaranteeing safety, fewer manual errors and human interventions, and remote supervision for quick, data-driven decision-making.
Application (Process Industry, Discrete Manufacturing, Utilities, Telecommunications, Chemical and Pharmaceuticals, Food and Beverage)
The utilities segment in SCADA market is assessed to generate a remarkable CAGR by the end of 2036. The major factor for the expansion of the segment is the rising investment in electricity grids. As per the International Energy Agency, around 8% more was invested in electrical grids in 2022, as both developed and developing nations stepped up their efforts to support and facilitate the electrification of buildings, industries, and transportation.
Smart grids are power grid systems that have an essential component the supervisory control and data acquisition (SCADA) system, which can provide control and input for smart city systems in addition to gathering and analyzing data from smart grid components.
Offering (Hardware, Software, Services)
The software segment is projected to dominate the supervisory control and data acquisition market with tremendous revenue. This segment's growth is expected to be aided by rapid industrialization around the world. As per the statistics from the UNIDO, the industrial sectors, which include waste management, mining, manufacturing, power, water supply, and other utilities, grew 2.3% globally, indicating a post-pandemic recovery.
A software system called supervisory control and data acquisition (SCADA) is used to monitor and manage industrial operations, which gathers data in real-time from remote places so that conditions and equipment may be controlled.
Our in-depth analysis of the supervisory control and data acquisition (SCADA) market includes the following segments:
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Offering |
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Component |
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Deployment Type |
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Application |
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APAC Market Statistics
Asia Pacific in supervisory control and data acquisition (SCADA) market is likely to dominate around 35% revenue share by the end of 2036. The region is seeing unprecedented rates and scales of urbanization, which is predicted to fuel demand for supervisory control and data collecting systems due to rising infrastructure requirements for things like water and power.
According to the World Bank, with an average yearly urbanization rate of 3%, East Asia and the Pacific are the regions that are urbanizing the fastest in the world.
In addition, compared to roughly 60% worldwide, over 80% of companies in Japan have included IoT in their assembly processes to increase output and streamline procedures.
As a consequence, supervisory control and data acquisition (SCADA) systems are consequently experiencing steady growth since these systems leverage cutting-edge technologies like the Internet of Things (IoT) to improve automation and performance monitoring.
China's wastewater management is becoming better, which plays a crucial role in the safe treatment and release of wastewater. This is likely to boost the demand for a supervisory control and data acquisition (SCADA) system to reduce the chance of overflow and malfunction.
As per the International Trade Administration, the Chinese government has set goals for all county-level cities to treat wastewater to a 95% degree and for water-scarce areas to reuse 25% of their water supply.
Funding for 5G-enabled industrial automation is being allocated heavily in South Korea, leading to higher adoption of supervisory control and data acquisition systems.
European Market Analysis
Europe supervisory control and data acquisition (SCADA) market is anticipated to register around 9% growth till 2036 and will hold the second position owing to the increasing food & beverage sector in this region. This may propel the adoption of supervisory control and data acquisition systems in the region since they enable not only the setting of processing parameters and the monitoring and supervision of production but also the automatic dosing of each ingredient to ensure that they are meticulously followed.
For instance, Europe's food and drink market is expected to expand by around 11% between 2022 and 2027.
Europe's top chemical industry is based in Germany, which may augment SCADA market demand.
Furthermore, among the top producers of pharmaceuticals in Europe is Italy, which is most likely to augment the supervisory control and data acquisition market demand since SCADA is crucial in pharmaceutical manufacturing.
The supervisory control and data acquisition market consists of several key players. These key players are launching various strategic initiatives to expand their market position in the supervisory control and data acquisition industry.
Author Credits: Abhishek Verma
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