Industrial Controls Market
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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.
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.
Top Key Players : ABB Ltd., Emerson Electric Corporation, Honeywell International Incorporation, Kawasaki Robotics, Mitsubishi Electric Factory Automation, Omron Corporation, Rockwell Automation, Inc., Siemens, Schneider Electric SA, and Yokogawa Electric Corporation.
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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The industrial controls market is segmented based on control system, component, end user, and region.
Based on control system, it is categorized into distributed control system (DCS), supervisory control & data acquisition system (SCADA), manufacturing execution system (MES), and others (safety instrumented system (SIS), marine integrated control & monitoring systems (ICMS), and others).
Based on component, it is categorized into modular terminal blocks, relays and optocouplers, surge protectors, marking systems, printing, ferulles cable lugs, handtools, testers, enclosure products, PCB connectors and terminals, heavy duty connectors, analog signal conditioner, electronics housings, power supplies, industrial Ethernet, and remote IO.
Industrial Ethernet is further sub segmented into industrial Ethernet active and industrial Ethernet passive. Also, remote IO segment is again classified into sensor actuator interface active and sensor actuator interface passive.
The end users of the industry control systems are classified into automotive, utility, electronics & semiconductors, mining, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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