SCADA Market Analysis

SCADA Market Analysis

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The Programmable Logic Controller (PLC) segment is estimated to hold over 30% of the SCADA market revenue by 2030. PLC devices have a robust structure and the ability to withstand change in temperature, humidity, noise, and vibrations. They can be easily programmed with the help of a user-friendly coding language. This makes it an affordable and simple tool among organizations to maximize productivity. 
 

PLC devices are widely used in different manufacturing processes including cement and paper manufacturing. It enables paper manufacturers to effectively control machines for high-speed paper production. The device is also used in the aerospace sector as a part of water tank quenching systems along with filling machine control systems in the food sector.
 

In terms of application, the SCADA market share from the utility segment is predicted to grow at nearly 12% gains up to 2030. The utility distribution and management sector are using SCADA systems on a large scale to boost productivity. Rising influx of investments from the government as well as private sector companies have supported the development of smart grids.
 

In Europe, the SCADA industry size crossed USD 11 billion in 2021 and is anticipated to witness substantial growth through 2030. On account of rise in investments to develop smart grid projects. Surge in manufacturing activities have also offered lucrative scope for the adoption of SCADA systems. Government-backed initiatives to support the construction of smart city projects will complement the regional industry trends.