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Industrial Control System Market Growth, Size, Opportunity, Share, Forecast 2020-2026

06-26-2020 04:03 PM CET | Media & Telecommunications

Press release from: Orion Market Research

Industrial Control System Market

Industrial Control System Market

The global industrial control system market is anticipated to exhibit a considerable growth rate during the forecast period. The huge adoption of Industry 4.0 in industries, high demand for industrial mobility solutions to efficiently manage functions of industries and increasing adoption of software platforms including edge computing and IoT are the key factors promoting the adoption of industrial control systems.

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The high demand of systems such as Supervisory Control and Data Acquisition System (SCADA), Distributed Control System (DCS), Programmable Logic Controller (PLC), Machine Execution System (MES), Product Lifecycle Management (PLM) and so on is driving the global industrial control system market. SCADA systems are extensively utilized in supervisory control and data acquisition of industrial processes. SCADA is used extensively in the electricity sector. Other SCADA applications include gas and oil pipelines, water utilities, transportation networks, and applications requiring remote monitoring and control.

Similar to real-time process controls found in buildings and factory automation. SCADA systems have made substantial growth over the last decade in terms of performance, functionality, openness, and scalability and have emerged as an alternative to in house development for extremely complex control systems. The prevalence of SCADA systems has grown substantially to a point that presents a great deal of national infrastructure depends on it. The capabilities of the SCADA system have advanced from simply replacing lights to managing extremely complex critical safety shutdown systems and process control.

The highly competitive global industrial control system market, with the continuous emergence of new vendors with new products and solutions, is witnessing increased competition among the vendors of industrial control systems. To sustain a strong position in such a competitive market, industrial control system manufacturers are constantly introducing new technologies and adding new functionalities to the existing control systems. Furthermore, the global economic recession has resulted in an increase in the end-users’ demand for low-price solutions with the same high functionality. In such an environment, competitive pricing strategies are of paramount importance, as they better position these vendors to meet the market needs.

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Current Market Trends Covered in the Report:
• High Demand for Industrial Mobility Solutions to Efficiently Manage Process Industries
• Developments in Wireless Sensor Network and Its Adoption in SCADA
• Increased Adoption of Industry 4.0 in Process Industries

Global Industrial Control System Market Segmentation

By System
• Supervisory Control and Data Acquisition System (SCADA)
• Distributed Control System (DCS)
• Programmable Logic Controller (PLC)
• Machine Execution System (MES)
• Product Lifecycle Management (PLM)
• Enterprise Resource Planning (ERP)
• Human Machine Interface (HMI)
• Others

By Vertical
• Automotive
• Energy and Utility
• Medical & Life Science
• Food and Beverage
• Others

Global Industrial Control System Market Segmentation by region

North America
• United States
• Canada

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

• China
• Japan
• India
• Rest of the Asia-Pacific

Rest of the World
• Middle East & Africa
• Latin America

Company Profiles
• ABB, Ltd.
• Advantech Co., Ltd.
• Bachmann electronic GmbH
• Emerson Electric Co.
• Fortinet, Inc.
• General Electric Co.
• GLC Controls Inc.
• Honeywell International Inc.
• Lockheed Martin
• Microsoft Corp.
• Mitsubishi Electric Corp.
• Omron Corp.

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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Contact no: +91 780-304-0404

About us:
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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