US & Japan SCADA system Market Drivers and Forecasts by 2028

The US SCADA system market was valued at US$ 6,170.50 million in 2022 and is projected to reach US$ 9,050.86 million by 2028; it is estimated to grow at a CAGR of 6.6% during the forecast period.

The Japan SCADA System market was valued at US$ 1,882.24 million in 2022 and is projected to reach US$ 3,092.34 million by 2028; it is estimated to grow at a CAGR of 8.6% during the forecast period.

Supervisory control and data acquisition (SCADA) system is used for controlling industrial processes. SCADA systems include hardware and software components. The hardware gathers and feeds data into field controller systems, which forward the data to other systems that process and present it to a human–machine interface (HMI) in a timely manner. SCADA systems also record and log all events for reporting process status and issues. SCADA applications warn when conditions become hazardous by triggering alarms. SCADA systems perform several functions that allow for the proper management of remote facilities. The four core functions of a SCADA system are data acquisition, networked data communication, data presentation, and control. SCADA systems are used by industrial organizations and companies to control and maintain efficiency, distribute data for smarter decisions, and communicate system issues to help mitigate downtime. SCADA systems are the backbone of many modern industries, including energy, food & beverages, manufacturing, oil & gas, power, recycling, transportation, and water & wastewater.

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US & Japan SCADA system Market: Strategic Insights

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Impact of COVID-19 Pandemic on US & Japan SCADA system Market Analysis

The COVID-19 pandemic dramatically impacted economies during its peak in 2020. The crisis hampered business activities in various industries, such as automobiles, aerospace, electronics, transportation, oil & gas, marine, and mining. Factory shutdowns, trade bans, and border lockdowns implemented to combat the spread of SARS-CoV-2 negatively impacted the working of companies worldwide. The impact on the growth of these industries limited the SCADA system market expansion.

The COVID-19 pandemic caused disruptions in manufacturing operations, impacting supply chains, operations, capital spending, loans, long-term strategies, and so on. The pandemic disrupted exports of parts and interrupted large-scale manufacturing worldwide. Assembly plants in the US were also shut down during this crisis. The onset of the COVID-19 pandemic slowed down investments and production activities. Amid these adverse conditions, businesses were forced to restructure their business models, focusing on strengthening strategies to achieve economies of scale. All these factors negatively impacted the operations of various industries, in turn, hampering the demand for SCADA systems.

Although the US and Japan SCADA system market was adversely impacted by the COVID-19 pandemic in 2020, it has achieved a strong recovery. With ease in restrictions and the reopening of business units in 2021, industries showed tremendous resilience.

US & Japan SCADA system Market Growth Insights

SCADA systems are increasingly used to monitor and optimize wastewater treatment, power grid management, traffic light patterns, transportation, and public power consumption, among many other fields, in smart cities. The growing number of electric vehicles being charged is likely to have a huge impact on city electric grids. In such scenarios, SCADA systems help monitor power demands, followed by allowing city authorities to adjust to evolving demands for power. Further, urban local bodies (ULBs) are incorporating technologies such as SCADA systems into their day-to-day operations to manage the existing water distribution network and infrastructure, along with streamlining the management process. Therefore, the growing number of smart city projects increases the adoption of SCADA systems in the US and Japan.

Component-Based SCADA system Market Growth Insights

On the basis of component, the SCADA system market is segmented into human-machine interface, programmable logic controller, remote terminal unit, and communication system. The remote terminal unit segment held the largest market share in 2021 as remote terminal units (RTUs) are widely deployed at all primary and a limited number of secondary substations to communicate with SCADA systems. Further, other advantages of remote terminal units include environment tolerance, backup power options, and autonomy compared to other systems.

SCADA Architecture-

SCADA system Market Based Insights

Based on SCADA architecture, the SCADA system market is segmented into hardware, software, and services. The services segment held the largest market share in 2022. There is rising demand for system & software upgrading services with advanced HMI, RTU, and PLC units compatible with modern connectivity solutions, such as 5G, IIot, and 4G.

Industry-Based US & Japan SCADA system Insights

On the basis of industry, the SCADA system market is segmented into chemicals, transportation, food and beverage, oil and gas, marine, power generation, manufacturing and others. Oil and gas segment holds the largest market share in the SCADA system market in 2022 as advanced SCADA systems are widely used by organizations that work at all levels of the oil and gas production process i.e., upstream, midstream, and downstream to handle the complex processes.

Players operating in the US & Japan SCADA system market growth adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key market players are listed below:

• In 2022, D Hitachi Acquired Flexware Innovation to strengthen and enhance its business in the Manufacturing Execution Systems (MES), SCADA, Software Development, Business Intelligence (BI), and Enterprise Resource Planning (ERP) domains in North America
• In 2022, Emerson Electric Co, a company delivering solutions for next-level plant performance, visibility, connectivity, and usability, announced the new version of its advanced automation platform—MoviconNExT 4.2. The software is designed to easily interface with any field device and control or enterprise system, connecting users and original equipment manufacturers (OEMs) with the data and insights needed to achieve operational excellence across a wide range of applications, including discrete and hybrid manufacturing (such as food & beverage and packaged consumer goods), energy generation and distribution, infrastructure, building automation, and machine automation.

Report Scope

US & Japan SCADA system Market Regional Insights

The regional trends and factors influencing the US & Japan SCADA system Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses US & Japan SCADA system Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

US & Japan SCADA system Market Report Scope

US & Japan SCADA system Market Players Density: Understanding Its Impact on Business Dynamics

The US & Japan SCADA system Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the US & Japan SCADA system Market are:

1. ABB Ltd,
2. General Electric Co
3. Yokogawa Electric Corp
4. Hitachi Ltd
5. Fuji Electric Co Ltd

Disclaimer: The companies listed above are not ranked in any particular order.