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Industrial Controls Market, Expected To Grow $163,345.7 Million In 2024.
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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 global industrial controls market is segmented based on control system, components, end user, and region. The component segment is classified into sensor, switch & relay, control device (drive, programmable logic controller (PLC), monitoring device, and others), and others includes. In 2017, sensor segment contributed the highest share in industrial controls market and it is expected to dominate the market throughout the forecast period. The end-user industry segment is divided into automotive, utility, electronics & semiconductor, mining, and others. In 2017, the utility segment accounted for the highest market share due to increased demand for industrial controls in oil & gas industries to control and monitor physical processes. The global industrial controls market is analyzed across North America (U.S., Canada & Mexico), Europe (UK, Germany, France, Russia & others), Asia-Pacific (China, India, Japan & others), and LAMEA (Latin America, Middle East & Africa). In 2017, North America was the highest contributor to the industrial controls market and is anticipated to secure the leading position during the forecast period, due to extensive demand and strong manufacturing base of network security industries.
KEY MARKET SEGMENT
BY CONTROL SYSTEM
• Distributed Control System (DCS)
• Supervisory Control and Data Acquisition System (SCADA)
• Manufacturing Execution System (MES)
• Other
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BY COMPONENT
• Sensor
• Switch & Relay
• Control Device
• Drive
• Programmable Logic Controller (PLC)
• Monitoring Device
• Others
• Others
BY END USER
• Automotive
• Utility
• Electronics & Semiconductor
• Mining
• Others
BY REGION
• North America
• U.S.
• Mexico
• Canada
• Europe
• UK
• Germany
• France
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
• LAMEA
• Latin America
• Middle East
• Africa
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KEY PLAYERS
• ABB Ltd
• Emerson Electric Company
• Honeywell International Incorporation
• Kawasaki Robotics
• Mitsubishi Electric Factory Automation
• Omron Corporation
• Rockwell Automation, Inc.
• Schneider Electric SA
• Siemens AG
• Yokogawa Electric corporation
OTHER PLAYERS
• GE Automation (part of GE Power)
• Yaskawa Electric Corporation
• Denso Wave Incorporated
• Toshiba Machine Corporation Ltd
Table Of Content
• Chapter 1: Introduction
• Chapter 2: Executive summary
• Chapter 3: MARKET OVERVIEW
• Chapter 4: industrial controls market, by control system
• Chapter 5: Industrial controls market, BY components
• Chapter 6: Industrial controls market, by end user
• Chapter 7: industrial controls market, BY region
• Chapter 8: Company profiles
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