As per the current market trends and the promising nature of the Industrial controls, it can be estimated that the future holds positive outcomes. The study discusses the prime market growth factors along with future projections expected to impact the Industrial controls during the period between 2018 and 2025. In addition, a deep analysis of the competitive landscape, including prime market players is also enclosed in this report.
The global industrial controls market is expected to reach $173.96 billion in 2025, from $117.37 billion in 2017 growing at a CAGR of 5.3% from 2018 to 2025.
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Industrial controls is a collective term used to define various kinds of control systems and associated instrumentation, which includes the devices, networks, systems, and controls used to operate and automate industrial processes. Industrial control systems include various automation equipment, machines, and components. These systems are developed to monitor, control, and perform various industrial tasks and processes with high precision, improved product quality, and reliability.
The rise in demand for IoT-based smart solutions and automation in various industries increase the demand for the industrial controls. Moreover, rise in demand for mass production in manufacturing industries to cater to the growth in population also boosts the market growth. These factors increase the demand for industrial controls in the market. In addition, surge in demand for cloud-based services and growth in deployment of smart grid solutions to protect critical infrastructures from cyberattacks provide lucrative growth opportunities. However, increase in cyberattack threats, unavailability of authentication procedure to secure ICS, and lack of skilled professionals hinder the growth of the industrial controls market.
The companies operating in the market have adopted strategies such as collaboration, partnership, product launch, R&D, and acquisition, to increase their market share and expand their geographical presence. The global industrial controls market is analyzed and estimated in accordance with the impact of the drivers, restraints, and opportunities. The period studied in this report is 2017–2025, wherein the forecast period is 2018–2025.
The report includes the study of the global industrial controls market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.
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KEY MARKET SEGMENTS
BY CONTROL SYSTEM
• Distributed Control System (DCS)
• Supervisory Control & Data Acquisition System (SCADA)
• Manufacturing Execution System (MES)
• Modular Terminal Blocks
• Relays and Optocouplers
• Surge Protectors
• Marking Systems
• Ferulles Cable Lugs
• Enclosure Products
• PCB Connectors and Terminals
• Heavy Duty Connectors
• Analog Signal Conditioner
• Electronics Housings
• Power Supplies
• Industrial Ethernet
o Industrial Ethernet Active
o Industrial Ethernet Passive
• Remote IO
o Sensor Actuator Interface Active
o Sensor Actuator Interface Passive
BY END USER
• Electronics & Semiconductor
• North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
o Latin America
o Middle East
KEY MARKET PLAYERS PROFILED
• ABB Ltd
• Mitsubishi Electric Factory Automation
• Honeywell International Incorporation
• Schneider Electric SA
• Omron Corporation
• Rockwell Automation, Inc.
• Kawasaki Robotics
• Yokogawa Electric Corporation
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