These companies are focusing on the development and launch of new products to gain a competitive advantage
Authors:
Suraj Gujar
Frequently Asked Questions (FAQ) :
The market size of supervisory control and data acquisition (SCADA) surpassed USD 35 billion in 2021 and is anticipated to expand at more than 10% CAGR between 2022 and 2030, says this GMI report.
The programmable logic controller (PLC) segment is poised to hold approximately 30% of the SCADA market share by 2030 as these devices can easily be programmed using simple coding languages and have widespread industrial applications.
Europe SCADA industry is predicted to reach above USD 11 billion in 2021 and will witness a substantial rise in product demand due to increasing investments in smart city and smart grid projects.
Key leaders in SCADA market are ABB Ltd., Emerson Electric Co., Siemens AG, Omron Corporation, Mitsubishi Electric, and Honeywell International Inc.