Increasing emphasis on the modernization and digitization of power infrastructure is expected to drive market expansion shortly at a CAGR of 7.00% during the forecast period 2024 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Power SCADA Market” that contains information from 2019 to 2032. The Power SCADA Market is estimated to register a CAGR of 7.00% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Power SCADA Market— 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).

Power SCADA Market Highlights

The global Power SCADA Market is accounted to register a CAGR of 7.00% during the forecast period and is estimated to reach USD 3.95 billion by 2032.

Over the course of the projection period, the market is expected to see considerable expansion due to the integration of renewable energy sources into existing power grids, the adoption of sophisticated metering infrastructure, and the creation of microgrids. Growing demand for cloud-based SCADA systems and analytics solutions that assist utilities in managing grid operations more effectively and achieving sustainability targets is seen in the power SCADA market trend. The increasing use of smart grid technology presents prospects for SCADA suppliers to enhance grid management. However, the worldwide scarcity of trained workers and cyber security risks to vital infrastructure might make market expansion difficult for utilities.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Power SCADA Market Trends

Segment Analysis

The global Power SCADA Market has been segmented based on the Architecture, End-use Industry, and Component.

Based on Architecture, the market is segmented into Hardware, Software, and Services. The hardware segment was attributed to holding the largest market share in 2023. The requirement for reliable and effective hardware solutions in power SCADA systems grows as more companies embrace Industry 4.0 principles. Power plants' automation and control systems are based on their hardware architecture, which facilitates easy data sharing and communication across networked parts. As automation becomes more prevalent, there is a growing need for complex and technologically advanced hardware components.

Based on the End-use Industry, the Power SCADA Market has been segmented into Oil & Gas, Water & Wastewater Treatment, Metal & Mining, Chemicals, Transportation, and Other End-use Industries. The Oil & Gas segment was expected to hold the largest market share in 2023. Oil & Gas is one of the most dynamic and challenging industries, and the utilization of cutting-edge technologies is often the only way to maintain operational efficiency and safety, as well as comply with the industry’s stringent regulations. In the Oil & Gas sector, power SCADA systems are also vital for real-time monitoring, control, and automation of numerous critical processes at exploration, production, refining, and distribution facilities. Given that infrastructure operates 24/7 and must remain fully operational, it is widely dispersed and difficult to support, and SCADA systems are irreplaceable. They are used to monitor and maintain remote assets, conduct predictive maintenance, and enhance operational visibility. Finally, with many O&G companies actively implementing the Industrial Internet of Things and Industry 4.0 principles, power SCADA solutions will continue to be in demand.

Based on the Component, the Power SCADA Market has been segmented into Master Terminal Unit (MTU), Remote Terminal Unit (RTU), Human Machine Interface (HMI), Programmable Logic Controller (PLC), Communication Systems, Protection Relay (IED), and Other Components. The Remote Terminal Unit (RTU) segment was expected to hold the largest market share in 2023. RTUs (Remote Terminal Units) are like the unsung heroes of power SCADA systems, quietly playing a crucial role in remote locations like power substations. With power grids becoming more complex and the need for real-time monitoring growing, RTUs have become indispensable. They're like the glue that holds together various sensors, actuators, and communication modules, making data collection and transmission a breeze. And with the push for grid modernization and renewable energy integration, the demand for RTUs has only surged. Industries are craving reliability, faster response times, and smarter decision-making, and RTUs are at the heart of delivering just that for power SCADA systems.

Regional Analysis

The global Power SCADA Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The Europe Power SCADA Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Power SCADA Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Power SCADA Market comprises the Middle East, Africa, and Latin America.

The largest market share for the Power SCADA Market was maintained by the North American regional sector. The notable presence of major players in the area and their well-established distribution channels contribute significantly to the region's satisfactory performance. Additionally, industrial facility managers in the vicinity are endeavoring to trim down their workforce to mitigate rising wage expenses, thereby impacting the profit margins of their organizations. To strategically streamline operations and embrace automation, companies are prioritizing the integration of diverse automation systems and placing reliance on data-driven approaches within their facilities. An Oxford report forecasts that the adoption of automation in the manufacturing sector could potentially generate an additional $4.9 trillion annually by 2030. Additionally, by automating 64 percent of manufacturing tasks, the world stands to save an estimated 749 billion working hours, as per a report

Moreover, the Europe market has been persistently growing over the forecast period. The region is experiencing a rising demand for automation techniques across diverse industries, driven by ongoing technological advancements and initiatives aimed at transforming manufacturing facilities into smart factories. According to the latest report from the International Federation of Robotics (IFR) 2022 regarding robot density in the manufacturing sector, Germany is poised to witness a significant surge in automation in the coming years, with 338 robots installed per 10,000 employees. Similarly, Sweden, Denmark, and Italy also boast robot densities exceeding 200 robots per 10,000 employees. Geesinknorba, a Europe-based company, achieved notable improvements in manufacturing efficiency through the implementation of smart technologies, resulting in decreased lead times, a 45% increase in production efficiency, and a 40% boost in production output. These achievements were realized within eight months, alongside other strategic measures. The development of supervisory control and data acquisition (SCADA) systems featuring heterogeneous networks, enhanced interoperability, cloud and internet technologies, and big data analytics is expected to drive substantial market growth.

The increasing demand for electricity in the Asia Pacific, driven by rapid industrialization, urbanization, and population growth, is prompting significant investments in power infrastructure across the region. Governments are actively promoting smart grid initiatives and the adoption of advanced technologies, creating a favorable environment for the implementation of power SCADA systems. Moreover, the growing emphasis on renewable energy sources and the need for efficient grid management is fueling the deployment of SCADA solutions in power generation, transmission, and distribution. The expanding manufacturing sector, particularly in countries such as China and India, is also contributing to the escalating demand for reliable and advanced power SCADA systems. According to the India Brand Equity Foundation (IBEF) 2023 report, manufacturing exports achieved record annual exports of US$ 447.46 billion in FY23, representing a 6.03% growth compared to the previous year (FY22). India's progress towards Industry 4.0 is evident through government initiatives like the National Manufacturing Policy, which aims to increase the manufacturing sector's contribution to GDP to 25% by 2025, and the Production Linked Incentive (PLI) scheme launched in 2022 to enhance the core manufacturing sector to global standards.

Furthermore, the rest of the world's Power SCADA Market is divided into the Middle East, Africa, and Latin America. Renewable energy sources are gaining increasing attention in the Middle East, Africa, and Latin America as nations seek to diversify their energy mix and decrease dependence on fossil fuels. In the Latin America region alone, renewable capacity expanded by 51% between 2015 and 2022, leading to renewable sources contributing to 64% of total generation by 2022. SCADA systems are essential in effectively integrating renewable energy sources such as solar and wind power into the existing grid infrastructure. Their role includes optimizing the performance of these renewable sources and ensuring the overall stability of the grid.

Key Findings of the Study

• The global Power SCADA Market is expected to reach USD 3.95 billion by 2032, at a CAGR of 7.00% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the increasing population and escalating energy consumption in the region.


• Based on Architecture, the Hardware segment was attributed to holding the largest market in 2023.


• 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)