SCADA Market to Reach USD 13.2 Billion by 2026, Driven by Growing Adoption in Process Industries

Strategic Insights -

The global SCADA market is expected to witness significant growth, driven by the increasing demand for real-time visibility of complex operations in industries such as oil & gas, chemicals, pharmaceuticals, metals and mining, and food & beverages. According to a new market research report, the global SCADA market size was valued at USD 9.2 billion in 2021 and is projected to reach USD 13.2 billion by 2026, growing at a CAGR of 7.6% from 2021 to 2026.

Key Takeaways:

  • The services segment accounted for the largest share of the SCADA market in 2020, while the process industry is expected to hold the largest size of the SCADA market in 2021.
  • The rate of adoption of SCADA systems is high in process industries due to the rising pressure on manufacturers to optimize cost and production processes.
  • APAC is projected to grow at the highest CAGR of 7.9% from 2021 to 2026, driven by the growing need for automation and smart grid solutions.
  • Top key players in the SCADA market include Schneider Electric, Emerson Electric, Rockwell Automation, ABB, Siemens, Honewell International, and Mitsubishi Electric.
  • The SCADA market in APAC is expected to be driven by the increasing demand for automation and smart grid solutions in the renewable energy, smart grids, water & wastewater, and transportation sectors.

Statistics:

  • The global SCADA market size is expected to reach USD 13.2 billion by 2026, growing at a CAGR of 7.6% from 2021 to 2026.
  • The services segment accounted for the largest share of the SCADA market in 2020, with a share of about 35%.
  • The process industry is expected to hold the largest size of the SCADA market in 2021, with a share of about 30%.
  • APAC is projected to grow at the highest CAGR of 7.9% from 2021 to 2026.
  • The SCADA market in APAC is expected to be driven by the growing need for automation and smart grid solutions, with a CAGR of 8.1% from 2021 to 2026.

Sources:

  • MarketsandMarkets [www.marketsandmarkets.com](http://www.marketsandmarkets.com)
  • MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore"
  • M2 PressWIRE [www.m2.com](http://www.m2.com)