SCADA in Renewable Energy Market worth $3.56 billion by 2030 - Exclusive Report by MarketsandMarkets™
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=18400746
Browse in-depth TOC on "SCADA in Renewable Energy Market"
142 – Tables42 – Figures220 – Pages
SCADA in Renewable Energy Market Report Scope:
Report Coverage
Details
Market Revenue in 2025
$ 1.96 billion
Estimated Value by 2030
$ 3.56 billion
Growth Rate
Poised to grow at a CAGR of 12.7%
Market Size Available for
2021–2030
Forecast Period
2025–2030
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Hardware, Software, Services, Sector Type and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Data latency and real-time communication limitations in SCADA systems
Key Market Opportunities
Rising development of cloud-based SCADA systems
Key Market Drivers
Unprecedented scale of renewable energy deployment
Software segment is expected to exhibit the highest CAGR during the forecast period.
Based on components, the software segment is projected to grow at the highest CAGR between 2025 and 2030. This rapid growth is attributed to the increasing need for intelligent, flexible, and responsive systems capable of managing the complexities of modern renewable energy infrastructures. As renewable installations scale and diversify, operators demand software that facilitates real-time monitoring and adapts quickly to dynamic operating conditions. Advanced features, such as automated fault detection, adaptive control, and enhanced reporting, are becoming vital for managing assets across multiple sites. Furthermore, energy regulations and compliance requirements urge operators to implement software that guarantees transparency, traceability, and cybersecurity. The shift toward cloud-based deployment and subscription-based licensing models also enhances the accessibility of SCADA software for smaller renewable energy operators. Innovations such as AI-driven forecasting, edge computing, and blockchain integration further establish software as the fastest-evolving element in SCADA systems. This facilitates quicker decision-making and more dependable integration of renewable energy assets into the grid.
Solar energy segment is likely to account for largest market share in 2030.
By sector type, the solar energy segment is anticipated to capture the largest share of the SCADA in the renewable energy market in 2030. This dominance is driven by the widespread adoption of solar energy across residential, commercial, and utility-scale applications. Solar energy's scalability, decreasing costs, and simple installation processes have made it the favored option in various regions worldwide aiming for decarbonization. SCADA systems are essential for the smooth operation of solar assets, as they enable effective monitoring of power output, system diagnostics, and grid integration. The need for advanced SCADA platforms is further driven by the requirement to manage variability in solar power generation caused by weather fluctuations and ensure the operational efficiency of assets. Furthermore, investments in digital technologies by solar developers and utility companies have accelerated the adoption of sophisticated SCADA software featuring cloud connectivity, AI-driven analytics, and remote diagnostic capabilities. These systems have become critical in microgrid and off-grid solar initiatives, especially in developing countries. With the ongoing growth of solar capacity and an increasing focus on automation, the solar sector is expected to continue leading as the foremost contributor to the SCADA market in renewable energy.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=18400746
Asia Pacific held the largest share of SCADA in the renewable energy market in 2024.
Asia Pacific held the largest share of the SCADA in the renewable energy industry in 2024. The region is quickly transforming into a significant market for renewable energy, propelled by strong economic growth, ambitious energy transition objectives, and an increasing demand for clean energy. Major investments in solar, wind, and hydropower projects are spearheaded by China, Japan, India, and South Korea to address rising energy demands, decrease carbon emissions, and strengthen energy security. China intends to install nearly 3,207 GW of renewable capacity between 2024 and 2030, while India continuously enhances its solar and wind capabilities to achieve its goals for 2030. Japan is prioritizing wind and solar energy as part of its efforts to decarbonize, and South Korea is making strides in integrating solar and wind energy into its power grid. Rest of Asia Pacific, which includes New Zealand, Thailand, Vietnam, and Malaysia, is progressively embracing renewable energy technologies due to supportive policies and a growing motivation for energy diversification. With ongoing investments and favorable regulatory policies, the region is poised to play a vital role in the global transition to renewable energy.
Key Players
Key companies operating in the SCADA in renewable energy companies include Element Siemens (Germany), Schneider Electric (France), ABB (Switzerland), Emerson Electric Co. (US), and Rockwell Automation (US). Key players are adopting strategies such as partnering with renewable energy developers, integrating AI and edge computing into SCADA systems, and expanding cloud-based offerings.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=18400746
Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports:
Manufacturing Execution System Market by Deployment Mode (On-premises, Cloud, Hybrid), Application (Production Management, Quality Management, Material and Inventory Management, Maintenance Management, Performance Analysis) - Global Forecast to 2030
Process Automation and Instrumentation Market by Transmitter (Level, Pressure, Temperature), Analyzer (TOC, pH, Oxygen, Conductivity, Density, Toxic Gas, Turbidity, Hydrogen Sulfide), PLC, DCS, SCADA, HMI, MES, Industry - Global Forecast to 2029
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.
Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.
The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter , LinkedIn and Facebook .
Contact: Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress Ave.Suite 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@marketsandmarkets.comVisit Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/scada-renewable-energy-companies.aspContent Source: https://www.marketsandmarkets.com/PressReleases/scada-renewable-energy.asp
Logo: https://mma.prnewswire.com/media/1868219/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/scada-in-renewable-energy-market-worth-3-56-billion-by-2030---exclusive-report-by-marketsandmarkets-302488052.html
SOURCE MarketsandMarkets
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
17 minutes ago
- Yahoo
HF‑11 Hypercar Revs to 12,000 RPM and Swaps Between Gas and Electric
HF‑11 Hypercar Revs to 12,000 RPM and Swaps Between Gas and Electric originally appeared on Autoblog. In a world dominated by hybrid hypercars built by billion-dollar conglomerates, the Oil Stain Lab HF‑11 is a welcome oddity. It's the creation of two Ukrainian-American brothers, Nikita and Iliya Bridan — ex-Honda, Cadillac and Genesis designers — who decided the only way to scratch their creative itch was to build a 12,000 rpm, dual-drivetrain, 2,000-pound hypercar out of sheer 25 will be made. Each one costs at least $1.85 million, or $2.3 million if you want both powertrains. View the 3 images of this gallery on the original article The HF‑11 is about choice. Buyers can spec a 4.6-liter naturally aspirated flat-six making 600 hp, or step up to the unhinged 5.0-liter twin-turbo flat-six good for a staggering 1,200 hp — all mounted in the middle of a carbon monocoque and sending power to the rear wheels. Both are available with a six-speed manual or a seven-speed sequential box. That alone would be enough for most small-volume this isn't most Stain Lab is also building a fully electric version with around 850 hp, and here's the twist: thanks to a modular subframe system, owners can swap between the ICE and EV powertrains. That's right — one car, two wildly different personalities, depending on the day, track, or mood. Despite the turbocharged flat-six having 'just' six cylinders, it's designed to scream all the way to 12,000 rpm. When combined with the car's 910 kg weight, the HF‑11 promises a power-to-weight ratio that puts it well ahead of the Bugatti Chiron and toe-to-toe with the Gordon Murray claims remain vague — understandable for a car still in development — but 0–60mph in the low 3s seems conservative. Top speed? Unofficially, well beyond 200mph. View the 4 images of this gallery on the original article Step into the HF-11 and you'll find a cockpit that looks like it was designed by a watchmaker having a nervous breakdown inside an F1 wind tunnel. The entire cabin is draped in carbon weave, from the exposed monocoque to the sculpted centre console — not just for weight savings, but sheer visual drama. There's no touchscreen, no voice assistant, and certainly no cupholders. What you get instead is a bank of heavy-duty toggle switches, rotary dials, and knurled metal knobs straight out of a Cold War fighter shifter itself is a skeletal work of art: part titanium sculpture, part ballistic missile trigger. Above it, the triple-pod analogue dash recalls classic Porsche GT racers, but everything else feels raw, functional, and unapologetically mechanical. Even the starter switch appears to be mounted inside a billet aluminium pod held together with titanium struts. It's less interior, more suede where you need it and structure where you don't. The HF-11 doesn't try to coddle you. It tries to connect you — to the drivetrain, to the chassis, and to the road. If you want ambient lighting and a Spotify playlist, look elsewhere. This thing was built to be felt, not filtered. The HF‑11's styling feels familiar but alien. It riffs on classic Porsche silhouettes — there are shades of Carrera GT, 962, even 917 — but everything is dialed up to 11. Giant rear diffusers, razor-edge front wings, and track-ready aero components all scream performance. Yet, inside, it's raw, stripped-back, and mechanical. Think Group C meets bespoke hot rod. What makes the HF‑11 more than a concept car with delusions of grandeur is the pedigree behind it. The Bridan twins were involved in cars that sold in the millions, but they're chasing purity now. Their mission: build the 'ultimate human-scale hypercar,' one with minimal electronics, obsessive focus, and mechanical already made waves with the viral Half-11, a chopped-up Porsche homage that earned cult status. The HF‑11 is its spiritual evolution — faster, crazier, and far more isn't just an ambitious spec sheet. It's two engineers turning decades of experience and design frustration into an unfiltered, track-ready love letter to speed. And whether it sells out or implodes spectacularly, it deserves to be noticed. HF‑11 Hypercar Revs to 12,000 RPM and Swaps Between Gas and Electric first appeared on Autoblog on Jul 6, 2025 This story was originally reported by Autoblog on Jul 6, 2025, where it first appeared.
Yahoo
17 minutes ago
- Yahoo
Got $1,000? 2 Cryptocurrencies to Buy and Hold for Decades
The crypto market is heating up again. Bitcoin remains the best "blue chip" token to buy. Ethereum should continue to lead the developer-oriented market. 10 stocks we like better than Bitcoin › Many cryptocurrencies skyrocketed during the buying frenzy for speculative investments in 2020 and 2021. That rally was fueled by near-zero interest rates, stimulus checks, social media buzz, and commission-free trading platforms. But in 2022 and 2023, many of those tokens crashed as interest rates rose and a new crypto winter began. Over the past year and a half, investors have gradually pivoted back toward cryptocurrencies as interest rates declined and President Donald Trump's crypto-friendly administration took the helm. So if you're still bullish on cryptocurrencies, it might be a great time to go shopping again. You shouldn't stake your life savings in cryptocurrencies, but it might be smart to set aside a modest $1,000 in a few tokens that could soar over the next few decades. I'd personally stick with the two largest cryptocurrencies -- Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) -- instead of the smaller and more speculative meme coins. Bitcoin, the world's most valuable cryptocurrency, still has plenty of upside potential for a few simple reasons. First, it's still mined with an energy-intensive proof-of-work (PoW) consensus mechanism, which becomes more costly every four years with each "halving" that cuts its mining rewards in half. Its maximum supply is also capped at 21 million tokens. Nearly 19.9 million of those Bitcoins have already been mined, and the final token is expected to be mined in 2140. There isn't much room for long-term inflation in this model. Bitcoin's increasingly difficult mining process, scarcity, and deflationary nature make it more comparable to gold, silver, and other physical assets than many other cryptocurrencies. That makes it a potential hedge against inflation and the devaluation of fiat currencies. Bitcoin's first spot price exchange-traded funds (ETFs), which were approved in January 2024, made it easier for retail and institutional investors to invest in the coin without a crypto wallet. Big companies like MicroStrategy (NASDAQ: MSTR) continued to accumulate Bitcoin, the Trump administration recently established a Strategic Bitcoin Reserve, and inflation-wracked countries like El Salvador and Central African Republic even adopted Bitcoin as a national currency for a while. All of those developments supported the notion that Bitcoin was becoming "digital gold." So even though Bitcoin might seem pricey right now at roughly $110,000, it could have even more upside potential. Standard Chartered's analysts expect its price to climb to $500,000 by 2028, while Ark Invest's Cathie Wood sees it flying as high as $1.5 million by 2030. You should take those bullish estimates with a grain of salt, but Bitcoin could remain the best "blue chip" cryptocurrency to buy and hold for the next few decades. Ether, the native token of the Ethereum blockchain, is the world's second most valuable cryptocurrency. It was originally a PoW token that was mined like Bitcoin, but it transitioned to the more energy-efficient proof-of-stake (PoS) mechanism in "The Merge" in 2022. As a PoS token, Ether can no longer be mined. Instead, its investors "stake" their tokens on the blockchain to earn interest-like rewards. Ethereum's PoS blockchain also supports smart contracts, which can be used to develop decentralized apps (dApps) and other crypto assets. Its declining or rising network activity can either make it inflationary or deflationary, respectively, and it currently has a circulating supply of roughly 120.7 million tokens. Ether is usually valued by the growth of its developer ecosystem and its transaction speeds instead of the scarcity of its tokens. Its core Level-1 blockchain is slower than PoS blockchains like Cardano, but it's assisted by faster Level-2 protocols that process the transactions off-chain before returning them to the Level-1 layer. Ether's first spot price ETFs were also approved last year, but they only held the tokens in cold storage without passing on the staking rewards (about 3% to 5% annually) to their investors. That made the ETFs less appealing than Ether itself, but the next batch of ETFs might add those rewards. Ethereum's next upgrade, "The Verge," will further improve its security features and lower its hardware requirements so it can run on smaller devices like smartphones. It's also expected to reduce its Layer-2 fees with "danksharding" upgrades to clear more space for fresh data. At about $2,600, Ethereum still trades well below its all-time highs. But Cathie Wood predicts it could climb as high as $166,000 by 2032, and big institutional investors like BlackRock are still accumulating the token. Therefore, this developer-oriented token could still be a great investment for the next few decades. Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $699,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $976,677!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin and Ethereum. The Motley Fool recommends Standard Chartered Plc. The Motley Fool has a disclosure policy. Got $1,000? 2 Cryptocurrencies to Buy and Hold for Decades was originally published by The Motley Fool
Yahoo
20 minutes ago
- Yahoo
OPEC's New Supply Shock Locks In Oil Market's Return to Surplus
(Bloomberg) -- The latest oil supply shockwave unleashed by OPEC+ is set to swell a surplus later this year, pressuring prices for producers the world over while answering US President Donald Trump's calls for lower fuel costs. Foreign Buyers Swoop on Cape Town Homes, Pricing Out Locals Trump's Gilded Design Style May Be Gaudy. But Don't Call it 'Rococo.' Massachusetts to Follow NYC in Making Landlords Pay Broker Fees NYC Commutes Resume After Midtown Bus Terminal Crash Chaos What Gothenburg Got Out of Congestion Pricing OPEC and its allies have reason to believe the surge will find buyers, at least in the short-term, and price hikes by group leader Saudi Arabia following the decision symbolize that confidence. But even before Saturday's surprise move — taken after just 10 minutes on a video conference call — global oil markets already seemed to be on borrowed time before the arrival of a winter glut. 'For now, the oil market remains tight, suggesting it can absorb additional barrels,' said Giovanni Staunovo, an analyst at UBS AG in Zurich. 'But there are rising risks like ongoing trade tensions, implying that the market could look less tight over the coming 6-12 months, which would pose downside risks to prices.' On Saturday, the Organization of the Petroleum Exporting Countries and its partners blindsided energy traders by announcing that they would further speed up a revival in collective oil production next month. The move offers cheer for consumers and a win for Trump, who campaigned on a pledge to cut fuel costs. It also threatens pain for producers, from America's shale heartlands to OPEC's own members. Still, Riyadh seems undaunted. On Sunday, state-run Saudi Aramco hiked the premiums it charges for its flagship crude to customers in its key Asian market by more than traders had anticipated. Those don't look like the actions of a producer that's anxious about demand. OPEC+ officials said that summer demand was one reason for their optimism. US crude inventories are sliding in the key storage hub of Cushing, oil-pricing spreads don't suggest a surplus now, and America's stockpile of diesel has collapsed. Supply Trajectory Fuel demand also peaks in the northern hemisphere summer, giving the group a window to speed up its broader strategy of reclaiming the market share relinquished in recent years to rivals like US shale drillers. Saturday's decision nevertheless shifts the trajectory of global supply. While OPEC projects the extra barrels are needed to meet demand even through December, other forecasters are skeptical. Even before the additions were announced, the International Energy Agency, a Paris-based adviser to major economies, was predicting a surplus equal to about 1.5% of global consumption in the fourth quarter. Oil futures slumped 11% over the past two weeks in London, quickly shrugging off the Israel-Iran conflict and suggesting traders are not convinced extra barrels are vital. Goldman Sachs Group Inc. and JPMorgan Chase & Co. have been predicting a further slide towards $60 this year as Chinese consumption falters and Trump's trade tariffs cast a shadow across the global economy. Broad Support Eight of the alliance's key members decided during Saturday's video-conference to restore 548,000 barrels a day of halted output in August. It's a marked step-up from the 411,000-barrel hikes set for May, June and July, which were already triple the volume initially scheduled for those months. OPEC+ will consider another 548,000-barrel tranche for September at a meeting on Aug. 3, a step that would complete the reversal of a 2.2 million-barrel cutback — made back in 2023 — a year earlier than previously envisioned. The actual supply impact on oil markets will likely be smaller than advertised, as Saudi Energy Minister Prince Abdulaziz bin Salman pressures countries that previously exceeded their production quotas to forego their share of the hikes. Russia and Iraq are showing some signs of compensation, though Kazakhstan continues to cheat. 'The official return of barrels is one thing, but actual new supply versus the headline numbers is another,' said Doug King, chief executive officer of RCMA Capital LLP. 'Diesel premiums are showing the market undersupply. So unless we see physical weakness via visible inventory increases, I don't see a path lower for crude prices.' Officials also stress that the supply additions can be 'paused or reversed subject to evolving market conditions.' But unless they exercise that option, the extra barrels already rubber-stamped will almost inevitably deepen a slide in prices. That would likely mollify President Trump's repeated calls for cheaper fuel costs to staunch the cost-of-living crisis that hurt his predecessor. Trump also has to fend off inflation while lining up a raft of tariffs, and agitating the Federal Reserve to lower interest rates. Yet the rout will take a toll on America's oil industry, from corporate giants like Exxon Mobil Corp., to the shale explorers who widely backed Trump's bid to reclaim the White House. Shale executives said in a recent survey they expect to drill significantly fewer wells this year than planned at the start of 2025 as prices falter. And the pain may well ripple through OPEC+ itself. Saudi Arabia needs more than $90 a barrel to cover government spending, as Crown Prince Mohammed bin Salman embarks on a radical plan to transform the desert kingdom's economy, according to the International Monetary Fund. Riyadh is grappling with a soaring budget deficit, and has been forced to slash spending on some of the prince's flagship projects. If Riyadh tires of the financial strain, it could opt to pull supplies back off the market again. 'They do have the option of a volte-face,' said Neil Atkinson, an independent analyst and former head of the IEA's oil markets and industry division. But in the meantime, 'there's no alternative but to ensure market share and accept lower prices. You might as well accept the world for what it is, which is what they're doing.' --With assistance from Salma El Wardany, Fiona MacDonald and Nayla Razzouk. For Brazil's Criminals, Coffee Beans Are the Target SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too Sperm Freezing Is a New Hot Market for Startups Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate China's Homegrown Jewelry Superstar ©2025 Bloomberg L.P. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
