Top 5 Companies Transforming the Dynamics of the Global SCADA Market

The global SCADA market is expected to grow at a CAGR of 6% over the forecast period of 2023-2028. As per the analysis by Expert Market Research, the market is being driven by the growing demand for SCADA in water systems.

SCADA (Supervisory Control and Data Acquisition) is a control system that handles high-level operations and obtains real-time data, particularly from topographically remote places, using PCs, graphical user interfaces, and networked data transfers. It is used to enhance the efficiency and output in several industries, including oil and gas, electricity, pharmaceuticals, water and wastewater treatment, chemical and petrochemical, automotive and electrical, and electronics, among others.

The use of SCADA in water systems to enable the efficient utilisation of available resources and existing infrastructure is growing. SCADA in water systems can also automatically perform control actions like stopping or starting pumps, emergency shutdown of processes, and opening and closing of valves, among others, hence bolstering the market development.

The SCADA market is being driven by the growing use of SCADA systems to identify and mitigate faults inside the equipment. Besides, the SCADA framework is cost-effective, due to which the demand for SCADA systems. The market is also being fuelled by the ability of SCADA systems to distribute electricity by re-directing energy from areas with surplus capacity to places facing power shortages. Furthermore, the rising usage of SCADA systems in the oil and gas industry for boosting extraction output, simplifying production, and reducing losses is expected to drive the market in the forecast period.

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Top 5 SCADA Companies in the World

Emerson Electric Co

Emerson Electric Co is an American company that designs and manufactures goods for a number of sectors, including industrial, commercial, and consumer, among others. Commercial, residential solutions and automation solutions are the major business platforms of the company. Moreover, the company actively invests in innovation and research to advance its automation solutions, industrial software solutions, and environmentally sustainable technologies through Emerson Venture.

Schneider Electric

Schneider Electric is a leading player in digital transformation of management and energy automation. The company aims to integrate leading energy and process technologies to realise the sustainability and full efficiency. With over 128,000 employees across the globe, the company’s revenue was EUR 28.9 billion in 2021.

Siemens AG

Siemens AG is a global company headquartered in Munich, Germany, with operations throughout the globe. The company focuses on transport, infrastructure, and advanced healthcare. With 303,000 employees across the globe, the company generated net income of EUR 6.7 billion and revenue of EUR 62.3 billion in 2021. The company owns a majority stake in Siemens Healthineers and a minority stake in Siemens Energy.

General Electric Company

The General Electric Company (GE) is a global American corporation with headquarters in Boston, Massachusetts. The company offers its services and products in the power, aviation, healthcare, and renewable energy sectors. Its technology is used by 90% of power transmission facilities and about one-third of overall power is created by the company. The company, along with its partners, powers the largest base of about 38,000 commercial aircraft engines.