SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA) MARKET ANALYSIS

Market Challenges And Opportunities

Global Supervisory control and data acquisition (SCADA) Drivers:

Increasing Adoption Of Connected Devices, Big Data, Cloud, Mobility, IOT, And Advanced Analytics In Industrial Environment Is Expected (SCADA) Market Growth.

SCADA system consists of large number of components such as operating equipment (pumps, valves, conveyers, and substation breakers); local processors to communicate with equipment and site’s instruments including programmable logic controller (PLC), remote thermal unit (RTU), intelligent electronic device (IED), and process automation controller (PAC); instruments to sense pH, temperature, pressure, power level, and flow rate; short range communications and long range communications; and host computers, which is a central point of monitoring and control where an operator supervises all the processes such as receiving alarms, reviewing of data, and exercise control. These components offer better automation and reduce complexity in the overall process.

Several business such as General Motors Company, Honda and Metasphere Ltd have implemented SCADA technology for controlling and monitoring connected devices, owing to its unique features that include, intelligent alarming, web connectivity, SCADA playback, data visualizations, data and alarm query, automating switching power flow analysis, and NOMADIC access.

Moreover, increasing demand for maintaining transparency in strategies and operational processes is also expected to boost demand for SCADA. The technology improves business operational efficiencies by automating various operational routine tasks, setting timely objectives, and maintaining transparency and security in the data related operations.

Increased Consumers Spending On Technologically Advanced Infrastructure

Increased consumer spending on infrastructure upgrading due to which the investment smart grid initiatives is growing. Similarly, increased manufacturing activity, Government-sponsored programmers to assist the development of smart city projects will complement local business trends created lucrative opportunities for SCADA system market.

Global SCADA Market Opportunities:

 Growing Trend Towards Industry 4.0

The expansion of the market is accelerated by the emergence of industry 4.0 in both the manufacturing and process industries. They have implemented these services as a part of their digitization efforts. SCADA, or supervisory control and data acquisition, is used by many governments. Additionally, the market for supervisory control and data acquisition (SCADA) is positively impacted by rising urbanization, a shift in lifestyle, growing investments, and higher consumer spending.

Growing Technological Advanced of SCADA systems

The usage of 5G technology in industrial settings, an increase in the number of innovations in wireless sensor networks and their implementation in SCADA, as well as big data analytics in SCADA systems, all create lucrative prospects for market participants over the projection period of 2023 to 2030. Further, the market is expected to grow due to growing demand of cloud-based SCADA systems over on-premises ones.

Global Supervisory Control and Data Acquisition (SCADA) Market Restraints:

High Cost Associated With Installation and Maintenance of SCADA Systems

The initial capital and maintenance costs associated with SCADA systems are high. Components included in SCADA systems, such as centralized computer equipment and software, are highly expensive. If more concurrent users such as consulting engineers, system integrators, service providers, facility managers and owners are there in the industrial facility, the SCADA system will be more expensive. Thus, in SCADA system, a greater number of users may lead to the additional hardware cost. Similarly, installing a SCADA system and training the operator.