Industrial Controls Market Expected to Reach $163,345.7 million by 2024

The Global Industrial Controls Market is expected to reach $163,345.7 million in 2024, from $117,370.3 million in 2017 growing at a CAGR of 5.1% from 2018 to 2024. Industrial control systems include various automation equipment, machines, and components. These systems are developed to monitor, control, and perform various industrial tasks & automate processes with high precision, improved product quality, and reliability. ABB Ltd., Mitsubishi Electric Factory Automation, Siemens, Honeywell International Incorporation, Emerson Electric Company, and Schneider Electric SA are some of the leading key players of the global industrial controls market.

Get the sample report: https://www.alliedmarketresearch.com/request-sample/459

The industrial controls market has wide demand in various industries such as automotive, utility, electronics, semiconductors, and others, owing to its ability to control the automated processes. Further, rise in demand for IoT-based smart solutions and automation in various industries also increase the demand for the industrial controls. However, unavailability of authentication procedure to secure ICS from increasing cyberattacks is a challenging factor which impacts the growth of the market. The increase in demand for cloud-based services and growth in deployment of smart grid solutions to protect critical infrastructures from cyberattacks provide lucrative growth opportunities to the industrial controls market.

The global industrial controls market is segmented based on control system, components, end user, and region. By control system, it is categorized into distributed control system (DCS), supervisory control and data acquisition system (SCADA), manufacturing execution system (MES), and others. In 2017, the distributed controls systems (DCS) segment dominated the market, in term of revenue, and is expected to maintain this trend in the coming years. Based on component, it is classified into sensor, switch & relay, control device (drive, programmable logic controller (PLC), monitoring device, and others), and others.

Make a purchase enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/459

The end-user industry segment is divided into automotive, utility, electronics & semiconductors, 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.

Based on region, the industrial controls market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2017, North America contributed the highest share and is anticipated to secure the leading position during the forecast period, owing to the presence of key network security companies, as the cyberattack is the major threat to industrial control systems.

Access Full Summary @ https://www.alliedmarketresearch.com/industrial-control-robotics-market

Competitive analysis and profiles of the major industrial controls market players, such as ABB Ltd., Mitsubishi Electric Factory Automation, Siemens, Honeywell International Incorporation, Emerson Electric Corporation, Schneider Electric SA, Omron Corporation, Rockwell Automation, Inc., Kawasaki, and Yokogawa Electric Corporation are provided in this report. The key strategies adopted by key players during the period 2015 to 2017 were product launches, acquisitions, and collaboration.

Other prominent players in the market include GE Automation (part of GE Power), Yaskawa Electric Corporation, Denso Wave Incorporated, Toshiba Machine Corporation Ltd., and others.

Table of Content:

Chapter 1: Introduction

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

Chapter 2: Executive summary

2.1. CXO perspective

Chapter 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. Porter's five forces analysis
3.4. Key player positioning, 2017
3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Rising demand for IoT based smart solutions and automation in various industries
3.5.1.2. Increasing demand for mass production in manufacturing industries to cater to the growing population
3.5.1.3. Growing adoption of ICS by industries and rise in R&D investments

3.5.2. Restraints

3.5.2.1. Increasing cyber-attack threats and unavailability of authentication procedure to secure ICS
3.5.2.2. Lack of skilled professionals, and awareness regarding industrial security solutions

3.5.3. Opportunity

3.5.3.1. Growing smart grid deployments for the protection of critical infrastructure from cyber-attacks

Chapter 4: industrial controls market, by control system

4.1. Market overview

4.1.1. Market size and forecast, by control system

4.2. Distributed Control System (DCS)

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country

4.3. Supervisory Control and Data Acquisition System (SCADA)

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

4.4. Manufacturing Execution System (MES)

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country

4.5. Other

4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis, by country

Chapter 5: Industrial controls market, BY components

5.1. Market overview

5.1.1. Market size and forecast, by components

5.2. Sensor

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country

5.3. Switches & Relays

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

5.4. Control Devices

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market size and forecast, by type

5.4.3.1. Drives

5.4.3.1.1. Key market trends, growth factors, and opportunities

5.4.3.2. Programmable Logic Controllers (PLC)

5.4.3.2.1. Key market trends, growth factors, and opportunities

5.4.3.3. Monitoring Devices

5.4.3.3.1. Key market trends, growth factors, and opportunities

5.4.3.4. Other

5.4.3.4.1. Key market trends, growth factors, and opportunities

5.4.4. Market analysis, by country

5.5. Other

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis, by country

Chapter 6: Industrial controls market, by end user

6.1. Market overview

6.1.1. Market size and forecast, by end user

6.2. Automotive

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by country

6.3. Utility

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country

6.4. Electronics & Semiconductors

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market analysis, by country

6.5. Mining

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market analysis, by country

6.6. Other

6.6.1. Key market trends, growth factors, and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market analysis, by country

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.