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3. Schneider Electric (France) and ABB (Switzerland) are the Key Players in the SCADA Market

SCADA is a supervisory system that collects data and provides it to a user/plant operator in an understandable form for controlling and monitoring the processes and machines in an industrial plant. The SCADA market is projected to grow form USD 11.0 billion in 2019 to USD 15.2 billion by 2024; it is expected to grow at a CAGR of 6.7% during the forecast period. The growth of SCADA market is driven by factors such as high demand for industrial mobility solutions to efficiently manage process industries, increased adoption of Industry 4.0 in process industries, and increased use of software platforms such as IoT and edge computing.

Key players offering SCADA solutions include Schneider Electric (France), ABB (Switzerland), Siemens (Germany), Emerson Electric (US), Rockwell Automation (US), while other major players in this market include General Electric (US), Honeywell International (US), Yokogawa Electric (Japan), and OMRON (Japan). These players operate globally and provide solutions and components related to SCADA.

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Schneider Electric is a French conglomerate and one of the world’s leading industrial software developers and suppliers. The company designs, manufactures, and sells integrated products, systems, services, software, and solutions for energy management and automation applications. Through its Infrastructure segment, the company offers medium-voltage distribution and grid automation software solutions such as supervisory control and data acquisition (SCADA), distribution management software (DMS), and operation management software (OMS). Schneider provides OASyS dynamic network of application (DNA), a highly distributed real-time supervisory control and data acquisition (SCADA), which is based on real-time SCADA solution.

ABB is a global leader in power and automation technologies. The company operates through 3 main divisions, namely, Electrification Products, Robotics and Motion, and Industrial Automation. ABB provides a wide range of products—from SCADA systems to remote terminal units (RTUs). The 4 principal offerings by ABB in the SCADA market are Symphony, Symphony Plus, SCADAvantage, and Compact HMI. The company provides these SCADA products for diverse applications in industries such as water & wastewater, energy & power, chemicals, pharmaceuticals, and food & beverages. SCADA systems by ABB securely and efficiently manage all remotely controlled operations across energy generation, transmission, and distribution systems.

Siemens operates in the fields of electrification, automation, and digitalization. The company offers products, services, and solutions for the effective use of resources and energy. It operates through the following business segments: Power and Gas, Healthineers, Energy Management, Digital Factory, Process Industries and Drives, Building Technologies, Wind Power and Renewables, and Others. The SCADA system provided by Siemens is basically used to monitor and operate machines, lines, and entire plants as it provides transparency during production and offers maximum functionality, perfect process visualization, and a user-friendly interface across industries.

Related Reports:

SCADA Market by Component (Programmable Logic Controller, Remote Terminal Unit, Human-Machine Interface, Communication Systems), Architecture (Hardware, Software, Services), Industry, and Geography - Global Forecast to 2024

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