Power SCADA Market Research Report - Information By Architecture (Hardware, Software, Services) End-use Industry (Oil & Gas, Water & Wastewater Treatment, Metal & Mining, Chemicals, Transportation, and Other End-use Industry), Component (Master Terminal Unit (MTU), Remote Terminal Unit (RTU), Human Machine Interface (HMI), Programmable Logic Controller (PLC), Communication Systems, Protection Relay (IED's), and Other Components), And By Region (North America, Europe, Asia-Pacific, And Rest of The World) –Market Forecast Till 2032

Global Power SCADA Market Overview:

Power SCADA Market Size was valued at USD 2.3 Billion in 2023. The Power SCADA Market industry is projected to grow from USD 2.4 Billion in 2024 to USD 3.95 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.00% during the forecast period (2024 - 2032). The rising integration of renewable energy sources, such as solar and wind, into power grids and the complexity of power networks, necessitating real-time monitoring and control, is expected to be a significant market driver for the Power SCADA Market.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Power SCADA Market Trends

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  The growing adoption of Industry 4.0 principles in various sectors and the integration of renewable energy sources are driving the market growth.

  
  

Market CAGR for Power SCADA is driven by the Growing adoption of Industry 4.0 principles in various sectors and the Integration of Renewable Energy Sources. The emergence of Industry 4.0, the fourth-generation industrial revolution, initially originated in Germany before spreading across Europe and the Americas. This transformative shift has been crucial in driving market growth, particularly within the power sector, where the widespread adoption of Industry 4.0 principles is reshaping the future. Automation plays a central role, allowing power plants to operate continuously, 24/7, with minimal errors and heightened efficiency. The integration of power SCADA systems, essential components of industrial automation, enables the control and operation of various machinery. Within power plants, interconnected mechanical and electronic components, along with sensors and actuators, communicate via a network, exchanging vital information. This interconnectedness enhances predictive maintenance strategies, optimizing efficiency, throughput times, and resource utilization in transmission and distribution processes. Industry 4.0 principles further enhance the performance of power SCADA systems by automating manual tasks, improving operational accuracy, and providing real-time data and analytics. According to the International Data Corporation's (IDC) Worldwide Semiannual Internet of Things Expenditure Guide, Europe's expenditure on the Internet of Things (IoT) surpassed USD 202 billion in 2021 and is projected to grow at a double-digit rate through 2025. Cisco's Annual Internet Report forecasts approximately 30 billion network-connected devices and services by 2023, with Machine-to-Machine (M2M) connections accounting for 50% (14.7 billion M2M connections) of ly connected devices and connections. Manufacturing companies' investments in Industry 4.0 totaled $102 billion in 2021, representing 20% of total manufacturing tech spending.

The  transition towards renewable energy sources necessitates the seamless integration of these decentralized power sources into the existing power grid. According to the International Energy Agency (IEA) 2022 report,  renewable capacity is projected to increase by almost 2,400 GW, representing a growth of nearly 75% between 2022 and 2027. At the EU level, the share of renewable sources in gross final energy consumption reached 23.0% in 2022, marking a 1.1 percentage point increase from 2021. India ranks fourth ly in Renewable Energy Installed Capacity, Wind Power capacity, and Solar Power capacity, as reported by the REN21 Renewables 2022  Status Report. During the period from January to October 2022, a total of 14.21 GW of Renewable Energy capacity was added, compared to 11.9 GW added during the same period in 2021. Power SCADA systems play a crucial role in effectively managing the integration and balancing of renewable energy generation with the electricity demand. As a result, it is anticipated that throughout the projection period, demand for the Power SCADA Market will increase due to the growing adoption of Industry 4.0 principles in various sectors and the integration of renewable energy sources. Thus, driving the Power SCADA Market revenue.

Power SCADA Market Segment Insights:

Power SCADA Market Architecture Insights

The  Power SCADA Market segmentation, based on Architecture, includes Hardware, Software, and Services. The hardware segment dominated the market, accounting for 58% of market revenue. Innovative power SCADA hardware is in high demand due to the focus on improving operating efficiency, lowering downtime, and increasing reliability in power plants. During the projected period, the power SCADA hardware market is expected to rise significantly as smart technology integration becomes more and more important for companies all over the world.

Figure 1:  Power SCADA Market, by Architecture, 2023 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Power SCADA Market End-use Industry Insights

The  Power SCADA Market segmentation, based on the End-use Industry, includes Oil & Gas, Water & Wastewater Treatment, Metal & Mining, Chemicals, Transportation, and Other End-use Industry. The oil & gas segment dominated the market, accounting for 58% of market revenue. To begin with, power equipment such as turbines, compressors, and motors are widely used in oil and gas extraction, processing, refining, and distribution facilities. At the same time, they also store a large number of hazardous, flammable, and combustible substances; therefore, additional monitoring and process control measures must be taken to prevent fire, explosion, and other incidents. In this context, all such facilities are regulated by OSHA, which requires them to use centralized control rooms with reliable safety instrumented systems. Meanwhile, SCADA solutions provide the necessary real-time visibility, automatic protective functions, and documented audit trails to stay in compliance. Moreover, oil and gas firms have large facility footprints, complex multi-site operations, and remote field locations that particularly benefit from SCADA’s advanced monitoring and remote access to ensure maximum uptime, throughput, and efficiency with minimal risks to their personnel and assets.

Power SCADA Market Component Insights

The  Power SCADA Market segmentation, based on Component, includes Master Terminal Unit (MTU), Remote Terminal Unit (RTU), Human Machine Interface (HMI), Programmable Logic Controller (PLC), Communication Systems, Protection Relay (IED), Other Components. The remote terminal unit (RTU) segment dominated the market, accounting for 60% of market revenue. RTUs play a crucial role as the central communication and data collection hubs situated at remote field sites within extensive power generation, transmission, and distribution networks. These devices oversee sensor monitoring and manage circuit breakers and switches, all while aggregating operational data from multiple remote locations for transmission to central control centers through diverse communication networks. With power infrastructure spanning vast geographical areas, the ability to remotely access and manage assets is indispensable for operators to efficiently oversee operations without requiring constant physical presence at each site.

Power SCADA Market Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The anticipated expansion of the Power SCADA market in North America can be attributed to several key factors. As the adoption of renewable energy sources such as wind and solar power continues to rise, there is an increasing demand for SCADA systems to effectively integrate these intermittent sources into the power grid. In 2023, the United States witnessed a record installation of 31 gigawatts (GW) of solar energy capacity, marking a 55% increase from 2022 and surpassing the previous record set in 2021. With a total installed solar capacity of 161 GW in the U.S., equivalent to approximately 5% of the nation’s electricity, according to the Solar Energy Industries Association, SCADA technology becomes essential. It enables operators to monitor the real-time performance of renewable energy assets and facilitates their seamless integration into the existing power infrastructure.

Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, and South Korea.

Figure 2:  Power Scada Market Share By Region 2023 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe Power SCADA Market accounts for the second-largest market share as the increasing presence of distributed energy resources, including rooftop solar panels, energy storage systems, and electric vehicles, offers both opportunities and challenges for grid operators. Cumulatively, rooftop PV will account for 66% of the 209 GW of distributed energy resources installed across the EU by the end of 2022. The European Union successfully met its 20% renewable energy target by 2020, with renewable sources contributing to 22.5% of the energy consumed in the EU in 2022. SCADA systems play a crucial role in facilitating the smooth integration of these distributed energy resources into the grid, enabling improved coordination, optimization, and management of these decentralized assets. Further, the German Power SCADA Market held the largest market share, and the UK Power SCADA Market was the fastest-growing market in the European region.

The Asia-Pacific Power SCADA Market is expected to grow at the fastest CAGR from 2024 to 2032. The rapid industrialization and urbanization initiatives in developing economies such as China, India, and Southeast Asian countries have driven the demand for systems capable of efficiently monitoring and managing complex power networks. According to the Economic Survey 2022-23, the Overall Gross Value Added (GVA) by the Industrial Sector increased by 3.7% in the first half of FY23, surpassing the average growth rate of 2.8% recorded in the previous decade's first half. In response to this trend, many regional power utilities and independent power producers are embracing modern SCADA systems to enhance visibility and control over their extensive power assets. Moreover, the presence of  SCADA vendors seeking opportunities in Asia's thriving power sector, often through collaborations with local system integrators, is poised to drive regional market growth over the coming decade. Initiatives promoting domestic manufacturing of SCADA components, as seen in countries like China, have further stimulated regional imports and exports in this sector. Moreover, China’s Power SCADA Market held the largest market share, and the Indian Power SCADA Market was the fastest-growing market in the Asia-Pacific region.

Power SCADA Market Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Power SCADA market grow even more. Market participants are also undertaking a variety of strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Power SCADA industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the  Power SCADA industry to benefit clients and increase the market sector. In recent years, the Power SCADA industry has offered some of the most significant advantages to the Power sector. Major players in the Power SCADA Market, including ABB (Switzerland), General Electric (US), Siemens (Germany), Schneider Electric (France), Mitsubishi Electric (Japan), Eaton Corporation (Ireland), Hitachi (Japan), Rockwell Automation (US), Honeywell (US), and Toshiba Corporation (Japan) are attempting to increase market demand by investing in research and development operations.

ABB is a leading provider of electrification and automation solutions. The company offers a wide range of products, systems, and services in the areas of electrification, motion, and industrial automation. It's solutions leverage engineering expertise and software to deliver reliable power, boost industrial productivity, and enhance energy efficiency. ABB distributes its products through a direct sales force and a network of third-party partners, including distributors, installers, wholesalers, machine builders, OEMs, and system integrators. Serving customers across utilities, industry, transport, and infrastructure sectors, ABB delivers digitally connected industrial equipment and systems across Asia, the Americas, the Middle East, Africa, and Europe. The company is headquartered in Zurich, Switzerland.

Siemens is a technology company renowned for its operations in electrification, automation, and digitalization. The company is involved in designing, developing, manufacturing, and installing a diverse range of products and complex systems. Siemens also offers tailored solutions to meet specific customer needs. Its focus areas include power generation and distribution, as well as advanced infrastructure solutions for buildings and distributed energy systems. Additionally, Siemens provides innovative mobility solutions for both rail and road transport, along with cutting-edge medical technology and digital healthcare services. With a  presence, Siemens operates research and development facilities, production plants, warehouses, and sales offices worldwide. Serving customers across various industries such as energy, healthcare, infrastructure, manufacturing, and more, Siemens is headquartered in Munich, Bavaria, Germany. Siemens Energy and Ørsted partnered in 2022 to develop the world's first AI-driven offshore wind service platform. This collaboration focuses on creating and implementing an advanced platform that utilizes artificial intelligence to monitor and optimize the efficiency of offshore wind farms.

Key companies in the Power SCADA Market include

• ABB (Switzerland)


• General Electric (US)


• Siemens (Germany)


• Schneider Electric (France)


• Mitsubishi Electric (Japan)


• Eaton Corporation (Ireland)


• Hitachi (Japan)


• Rockwell Automation (US)


• Honeywell (US)


• Toshiba Corporation (Japan)

Power SCADA Industry Developments

February 2022: ABB was awarded a contract to upgrade NSE's 220 kV and 138 kV transmission network's SCADA and telecommunication systems. The primary objective of the project was to enhance the resilience of the grid infrastructure and modernize it to better withstand disturbances.

December 2022: Emerson secured a contract worth millions of dollars to modernize National Grid ESO's SCADA system, which serves as the core operational system for the UK's electricity grid. The project involved the deployment of Emerson's latest automation technologies to enhance situational awareness, decision-making processes, and overall control capabilities.

Power SCADA Market Segmentation:

Power SCADA Market Architecture Outlook

• Hardware


• Software


• Services

Power SCADA Market End-use Industry Outlook

• Oil & Gas


• Water & Wastewater Treatment


• Metal & Mining


• Chemicals


• Transportation


• Other End-use Industry

Power SCADA Market Component Outlook

• Master Terminal Unit (MTU)


• Remote Terminal Unit (RTU)


• Human Machine Interface (HMI)


• Programmable Logic Controller (PLC)


• Communication Systems


• Protection Relay (IED's)


• Other Components

Power SCADA Market Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America