SCADA Market Size By Component (Human-Machine Interface [HMI], Programmable Logic Controller [PLC], Remote Terminal Units [RTU]), By Application (Chemical & Pharmaceuticals, Food & Beverage, Manufacturing, Oil & Gas, Transportation, Utility, Water & Sewag

SCADA Market Size By Component (Human-Machine Interface [HMI], Programmable Logic Controller [PLC], Remote Terminal Units [RTU]), By Application (Chemical & Pharmaceuticals, Food & Beverage, Manufacturing, Oil & Gas, Transportation, Utility, Water & Sewage), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026

The global SCADA (Supervisory Control and Data Acquisition) Market is projected to accumulate appreciable gains over the years ahead. This growth may be ascribed to the growing SCADA demand across various applications such as process automation, heightening public awareness as well as significant cutbacks in operating costs.
Based on the component spectrum, the SCADA market is categorized into HMI (Human Machine Interface), PLC (Programmable Logistics Controllers), RTU (Remote Terminal Units) and others. Of these, the others segment is expected to observe a steady growth trajectory owing to progressions in SCADA programming.
This segment includes communication infrastructure, supervisory systems, etc. SCADA systems usually comprise a combination of radio and direct wired connections. However, larger systems like power stations and railways frequently utilizer SONET/SDH.
A few known and standardized SCADA protocols also deliver information, albeit only when supervisory stations poll the RTUs.
With regards to application, the SCADA market is segmented into food & beverage, utility, water & sewage, transportation, chemical & pharmaceuticals, oil & gas and manufacturing. Of these, the utility segment is estimated to depict the highest growth rate through 2025, owing to escalating investments in smart grid development.
SCADA systems are extensively used in utility applications for various functions including the supervision of vast data variety, including water levels, currents, temperature, pressure, voltages, etc. across numerous industries. In the event of an anomaly being detected, alarms at both central and remote sites are triggered to alert operators.
On the regional front, the Latin America SCADA market is set to register appreciable growth at a rate of 4% CAGR through 2025. This growth is attributed largely to the rising prevalence of IoT and cloud computing technologies across myriad industry verticals in the region.
The burgeoning demand for operational innovation has also opened up several business avenues for SCADA systems in the region. For instance, in an effort to modernize oil fields, the Latin American authorities have chosen Emerson’s OpenEnterprise™ SCADA solution, compliant with the AGA 8 Report to optimize the process. The SCADA systems and RTUs will collect and calculate the data in remote oil field, with an estimated total of 120,000 data points.