ABB (Switzerland) and Siemens (Germany) are the Major Players in the Power SCADA Market
The power SCADA market is expected to grow from an estimated USD 1.7 billion in 2021 to USD 2.5 billion by 2026, at a CAGR of 7.6% during the forecast period. Increasing adoption of Industry 4.0 principles are the main drivers for the power SCADA market. Increasing use of big data analytics and 5G technology in industrial environment are expected to offer lucrative opportunities for the power SCADA market during the forecast period.
A few major players that have a wide regional presence and dominate the power SCADA market. The leading players in the power SCADA market include ABB (Switzerland), Emerson (US), Siemens (Germany), Schneider Electric (France), Rockwell Automation (US).
The major strategies adopted by these players include new product launches, contracts & agreements, investments & expansions, mergers & acquisitions, joint ventures, and partnerships & collaborations. New product launches was the most commonly adopted strategy from January 2017 to February 2021.
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ABB is one of the leading companies providing digital solutions and industrial equipment to electrical utilities, various industries, infrastructure, and transport sectors in more than 100 countries. ABB operates in 4 divisions, namely Electrification, Motion, Industrial Automation, and Robotics and Discrete Automation. It offers power SCADA through 2 business segments namely Industrial Automation and Robotics & Discrete Automation, which accounted for a share of 22% and 12% respectively of the company’s total revenue. Industrial Automation segment is further segmented in two segments namely Integrated Automation and Electrification and Digitalization solutions, which accounted for a share of 22% and 12% respectively of the Integrated Automation segment. Furthermore, the overall production of SCADA generates over 6% revenue of the total revenue. The company is operational in all regions like Asia Pacific, North America, South America, Middle East and Africa, Europe. ABB is operational in more than 100 countries worldwide, employing around 10,500 employees. ABB Micro SCADA Pro is one of the products used at substations for maintaining plant operations, remote monitoring, analytics, and forecasting. These advanced products make ABB a key player providing power SCADA. The company invests about 5% of its revenue on R&D activities every year exclusively on collaborative robotics, machine-centric robotics, automation and AI.
Siemens is one of the key manufacturers and suppliers of energy-efficient, resource-saving technologies, having its core offerings in the field of electrification, automation, and digitalization. The company operates through 6 diversified segments—Digital Industries, Siemens Infrastructure, Siemens Healthineers, Mobility, Portfolio Companies, and Siemens Financial Services. The Digital Industries division offers power SCADA. It offers power SCADA through business segment Digital Industries segment, which accounted for a share of 19% of the company’s total revenue in 2019. This segment is further divided into Industrial software and Drive & Automation Technologies segment, which accounted for 30% and 40% share of Digital Industries segment. Furthermore, these segments are segmented into Automation software and Automation Technology respectively, which accounted for 35% and 15% share of Industrial software and Drive & Automation Technologies segment. Through these segments the company offers SCADA solutions, which collectively account for 1.3% of the total company’s revenue. The company is operational in all regions like Asia Pacific, North America, South America, Middle East and Africa, Europe. Siemens is operational in over 190 countries and has over 285 manufacturing units. The company has 11 R&D centers and 8 centers of competence. Over one-fourth of the company’s revenue is generated from the Digital Industries segment.
Related Reports:
Power SCADA Market by Architecture (Hardware, Software, Services), Component (Remote Terminal Unit, Programmable Logic Controller, Human Machine Interface, Communication System Protection relays), End User and Region - Global Forecast to 2026
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