POWER SCADA MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The Power SCADA Market is estimated to be valued at USD 2.71 Bn in 2024 and grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031. Power SCADA systems refer to the Supervisory Control and Data Acquisition systems that are used for gathering and analyzing real-time data from remote locations in order to monitor and control equipment and conditions in power generation, transmission and distribution systems. SCADA systems play a crucial role in ensuring reliable and efficient management of power supply infrastructure by collecting field data from various substations, transformers and other assets. Through continuous monitoring and analysis, these systems help optimize processes, enhance situational awareness, detect faults and ensure power is delivered as per demand without interruptions. Rising investments in grid infrastructure expansion along with the focus on automating operations are some of the key factors driving the adoption of advanced SCADA solutions in the power industry.

 Market Dynamics:

The global power SCADA market is projected to witness significant growth during the forecast period owing to factors such as rising demand for reliable and uninterrupted power supply, growing investments in smart grid projects, expanding transmission and distribution networks, and increasing focus on automating operations to enhance efficiency. However, high initial installation and maintenance costs associated with these systems continue to remain a key restraining factor. Meanwhile, the development of advanced IP-based communication technologies is widening the opportunities for market players to introduce next-gen SCADA solutions with features such as predictive analytics, remote access, asset tracking and integrated cyber security solutions. The integration of AI/ML capabilities is another emerging trend gaining traction in the power SCADA market space.

 Key Features of the Study:

• This report provides an in-depth analysis of the global power SCADA market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global power SCADA market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include ABB, Emerson, Siemens, Schneider Electric, Eaton Corporation, Rockwell Automation, Hitachi, Honeywell, Indra Sistemas, PSI AG, Toshiba Corporation, Emerson Electric Co. Establishment, Alstom., General Electric Co., Honeywell International Inc., Omron Corporation, Yokogawa Electric Corporation, Iconics Inc., Enbase LLC, and Globalogix
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global power SCADA market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global power SCADA market

Market Segmentation

• By Architecture:
• • Software
  • Hardware
  • Services
• By Component:
• • Master Terminal Unit (MTU)
  • Remote Terminal Unit (RTU)
  • Human Machine Interface (HMI)
  • Programmable Logic Controller (PLC)
  • Communication System
  • Others (Intelligent Electronic Device (IEDs), etc.)
• By End- User:
• • Oil & Gas
  • Water and Wastewater
  • Metal and Mining
  • Chemicals
  • Others (Transportation, etc.)
• By Regional:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • ABB
  • Emerson
  • Siemens
  • Schneider Electric
  • Eaton Corporation
  • Rockwell Automation
  • Hitachi
  • Honeywell
  • Indra Sistemas
  • PSI AG
  • Toshiba Corporation
  • Emerson Electric Co. Establishment
  • Alstom.
  • General Electric Co.
  • Honeywell International Inc.
  • Omron Corporation
  • Yokogawa Electric Corporation
  • Iconics Inc.
  • Enbase LLC
  • Globalogix