Power SCADA Market - Trends Forecast Till 2028

Market Overview

The Power SCADA Market size is projected to reach a CAGR of 8.6% from 2021 to 2028.

SCADA is a system of software and hardware elements that allows industrial organizations to monitor, gather, and process real-time data, and to control industrial processes locally or at remote locations. In addition, it enables end users to directly interact with devices such as sensors, valves, pumps, and motors through human–machine interface (HMI) software, and record events into a log file.

Increasing adoption of Industry 4.0 is the major the factor that has supported long-term expansion for Power SCADA Market.

COVID-19 has slowed the growth of the power SCADA market, as countries were forced to implement lockdowns during the first half of 2020. Strict guidelines were issued by governments and local authorities, and all non-essential operations were halted. This adversely affected the power SCADA market owing to the suspension of activities of end-users.

Regional Analysis

Asia Pacific is expected to account for the largest market size during the forecast period. The China and Japan, which are among the largest consumers in this region as well as globally, constitute the largest share of the power SCADA market.

Insights are provided for each region and major countries within the regions

Competitive Landscape

• IBM Corp
• Hitachi LTD
• Alstom
• Honeywell International
• ABB LTD
• JFE Engineering Corporation
• Mitsubishi Electric Corporation
• Emerson Electric Co.
• Rockwell Automation
• Schneider Electric

Recent Developments

• In February 2021, Honeywell signed a contract with SEPCO Electric Power Construction Corporation to provide its services related to safety and security systems, connected control, and telecommunications to a shipyard that is being developed in Saudi Arabia.
• In August 2020, Schneider acquired Larsen and Toubro’s electrical and automation business partnering with Temasek. Schneider Electric owns a 65% stake of the acquired L&T’s business division and the rest by Temasek. This acquisition will strengthen low-voltage offerings and the Industrial Automation business and will help Schneider Electric to grow in the Middle East, Africa, and East Asia as L&T offers strong R&D and engineering capabilities.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Power SCADA Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope