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SCADA Market Trends, Analysis & Forecast, 2030

The global SCADA market is slated to register promising growth over 2030. SCADA (Supervisory Control and Data Acquisition) have gained popularity since the advent of technology-based trends such as digitization and virtualization of different manufacturing operations. As industries transition from labor-intensive to tech-centric activities, advanced control systems like SCADA are being rapidly deployed.

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SCADA Market Trends, Analysis & Forecast, 2030

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  1. SCADA Market 2030: Top Vendors Analysis, Growth Drivers and Geographical Analysis

  2. Industry Insights • As per a recent research report, Global SCADA Market share is likely to surpass USD 85 billion valuation by 2030 • The global SCADA market is slated to register promising growth over 2030. SCADA (Supervisory Control and Data Acquisition) have gained popularity since the advent of technology-based trends such as digitization and virtualization of different manufacturing operations. As industries transition from labor-intensive to tech-centric activities, advanced control systems like SCADA are being rapidly deployed. • The technology is faster and easier to operate unlike some of the complex hardware systems existing today. SCADA systems can effectively and accurately operate multiple pieces of hardware setups with the help of user-friendly HMI software. These technologies also allow manufacturers to cut costs through automation and reduced training needs.

  3. SCADA system companies are focusing on launching new software programs and tools to address the growing demand for automated technologies. In March 2021, Mitsubishi Electric extended its portfolio of SCADA products in EMEA with the launch of two new software solutions under the series name GENESIS64. The tools will each cater to small production lines and large-scale monitoring needs of utility sectors, factories, and buildings. • Energy transition has further accelerated investments and acquisitions of SCADA providers. For instance, in April 2022, SCADA International announced an investment from Magnesium Capital LLP, a London-based energy transition investor. The acquisition will enable both companies to provide next-generation SCADA and control solutions for the renewable sector. • The SCADA industry is segregated into component, application, and region. • Based on component, the market is fragmented into remote terminal units (RTUs), human-machine interface (HMI), programmable logic controller (PLC), and others. In 2021, the remote terminal units (RTUs) segment accounted for more than 41% revenue share of the SCADA industry.

  4. Regional Analysis Middle East & Africa SCADA market size is projected to register over 4.4% CAGR between 2022-2030 driven by the large-scale deployment of these systems in the oil and gas sector. The adoption of SCADA solutions by utility distribution and wastewater management companies in MEA has also picked up the pace. For instance, the National Water Company (NWC) of Saudi Arabia has extensively deployed PLC-based SCADA systems across several water & wastewater treatment plants situated in residential areas. • Competitive Analysis • ABB Ltd., Siemens AG, Emerson Electric Co., Rockwell Automation, Inc., Schneider Electric SE, Yokogawa Electric Corporation, Honeywell International Inc., Mitsubishi Electric, Omron Corporation

  5. SCADA Market @ https://www.gminsights.com/industry-analysis/scada-supervisory-control-and-data-acquisition-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/1925 Request for customization: https://www.gminsights.com/roc/1925

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