According to a new report, published by KBV research, The Global SCADA Market size is expected to reach $62.2 billion by 2031, rising at a market growth of 7.4% CAGR during the forecast period.
Human Machine Interface (HMI) market is expected to witness a CAGR of 7.9% during (2024 - 2031). HMIs provide operators and engineers with intuitive interfaces for monitoring, controlling, and managing industrial processes. Visual representations such as graphical displays, charts, and alarms allow users to interpret complex data quickly and make informed decisions in real-time. HMIs improve situational awareness by presenting critical operational data in a clear and organized manner.
The Services market dominated the Global SCADA Market by Offering in 2023; thereby, achieving a market value of $28.5 billion by 2031. SCADA systems are complex and require specialized knowledge for installation, maintenance, and operation. The intricacy of these systems often necessitates professional services to ensure they function correctly and efficiently. Businesses need SCADA systems tailored to their specific operational requirements, which involves custom configuration, integration with existing systems, and ongoing adjustments—all provided by professional services.
The Energy & Power market is expected to witness a CAGR of 6.3% during (2024 - 2031). SCADA systems play a critical role in monitoring and controlling electrical grids, including generation, transmission, and distribution networks. They collect real-time data from substations, power plants, renewable energy sources (such as solar and wind farms), and distribution lines to optimize grid performance, ensure stability, and prevent outages. With the growing integration of renewable energy sources like solar and wind power into the grid, SCADA systems facilitate the monitoring and management of variable generation and storage capacities.
Full Report: https://www.kbvresearch.com/scada-market/
The Asia Pacific market dominated the Global SCADA Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $23.6 billion by 2031. The North America market is expected to witness a CAGR of 6.8% during (2024 - 2031). Additionally, The Europe market is expected to witness a CAGR of 7% during (2024 - 2031).
By Component
By Offering
By Vertical
Unique Offerings 
