Supervisory Control and Data Acquisition Market Segmentation:
Component Segment Analysis
Programmable logic controller (PLC) segment is projected to hold over 45% supervisory control and data acquisition (SCADA) market share by the end of 2035. 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 Segment Analysis
The utilities segment in SCADA market is assessed to generate a remarkable CAGR by the end of 2035. 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 Segment Analysis
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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