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Industrial Controls Market 2024 | Industry Analysis By Key Manufacturers ABB Ltd, Emerson Electric Company, Honeywell International Incorporation, Kawasaki Robotics, Mitsubishi Electric Factory Automation
Industrial Controls
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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.
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The major players profiled in this study include: 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
KEY BENEFITS FOR STAKEHOLDERS
The report provides an in-depth analysis of the current trends, drivers, and dynamics of the Industrial Controls Market to elucidate the prevailing opportunities
It offers qualitative trends and quantitative analysis from 2016 to 2024 to assist stakeholders to understand the market scenario
In-depth analysis of the Industrial Controls in locating the markets across various countries
Competitive intelligence of the industry highlights the business practices followed by key players across geographies as well as the prevailing market opportunities.
The key players are profiled along with their strategies & developments to understand the competitive outlook of the industry.
Industrial Controls Market Key Segments:
BY CONTROL SYSTEM: Distributed Control System (DCS), Supervisory Control and Data Acquisition System (SCADA), Manufacturing Execution System (MES), Other
BY COMPONENT: Sensor, Switch & Relay, Control Device, Drive, Programmable Logic Controller (PLC), Monitoring Device, Others
BY END USER: Automotive, Utility, Electronics & Semiconductor, Mining, Others
OTHER PLAYERS: GE Automation (part of GE Power), Yaskawa Electric Corporation, Denso Wave Incorporated, Toshiba Machine Corporation Ltd
By Country:
North America: U.S., Canada, Mexico
Europe: UK, Germany, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
LAMEA: Chile, Israel, South Africa, Rest of LAMEA
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Table of content:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: INDUSTRIAL CONTROLS MARKET, BY FILTER TYPE
CHAPTER 5: INDUSTRIAL CONTROLS MARKET, BY APPLICATION
CHAPTER 6: INDUSTRIAL CONTROLS MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: INDUSTRIAL CONTROLS MARKET, BY REGION
CHAPTER 8: COMPANY PROFILES
Similar Publisher Related report:
Industrial Controls Market Insights 2019, Global and Chinese Analysis and Forecast to 2024
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