The global of supervisory control and data acquisition (SCADA) market has gained significant momentum in the recent times. The rising awareness among consumers regarding the benefits of SCADA, such as the real-time detection of faults in machinery, reduction in the amount of defects in the output, decline in production cost, and various other advantages it offers to production processes, is boosting this market substantially.

The increasing deployment of SCADA systems in the electrical and the oil and gas sectors to reduce losses and optimize production is also adding to the growth of this market significantly.

In terms of revenue, the global SCADA market was valued at US$25.56 bn in 2015. Estimated to expand at a CAGR of 5.20% from 2016 to 2024, the revenues in this market will touch US$40.18 bn by the end of 2024.

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The electrical power, oil and gas, manufacturing, water and wastewater, transportation, chemicals, food and beverages, telecommunication, and the pharmaceuticals industries are key end users of SCADA systems across the world.

Apart from this, the ability of SCADA systems to restore power post outrage, re-route power from excess capacity areas to areas approaching overload, collect historical data for trend analysis, and decrease manual labor by relocating affected sections remotely, is also projected to keep the demand for these systems in the electrical power industry high in the years to come.

Regionally, North America, Asia Pacific, Europe, the Middle East and Africa, and South America are considered as the main segments of the worldwide market for SCADA. North America, among these, led the global market in 2015 with a share of 33.6%. Researchers predict that this regional market will retain its lead over the coming years, thanks to the increasing demand for process automation systems in a number of industries, such as the electrical power and the oil and gas sectors. The escalating financial and technological investments for reliable and sophisticated power management is also anticipated to propel the North America SCADA market in the near future.

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Asia Pacific is projected to be driven by the increasing demand for process automation in the oil and gas industry, swift development of industrial infrastructure that supports the integration of process automation, augmented efficiency in wastewater management, and the rising exploration activities in new renewable energy resources in the near future.

ABB Ltd., Honeywell International Inc., Emerson Electric Co., Rockwell Automation Inc., Siemens AG, OMRON Corp., General Electric Co., Yokogawa Electric Corp., Schneider Electric SE, and Afcon Holdings Group are some of the leading players in the global SCADA market.

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