Press release
Industrial Controls Market 2021 Global Industry Key Players, Trends, Share, Size, Growth, Opportunity Assessment and Major Drivers 2025
Industrial Controls Market by Control System (Distributed Control System (DCS), Supervisory Control and Data Acquisition System (SCADA), Manufacturing Execution System (MES), and Others), Component (Sensor, Switch & Relay, Control Device, and Others), and End User (Automotive, Utility, Electronics & Semiconductors, Mining, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2024. The research offers a detailed analysis on changing market dynamics, key investment pockets, major segments, and market competition. According to the report, the global industrial controls market generated $117.37 billion in 2017, and is expected to reach $173.96 billion by 2025, growing at a CAGR of 5.3% from 2018 to 2025.Growing demand for IoT based smart solutions and automation in various industries, mass production in manufacturing industries to cater to the growing population, and growing adoption of ICS by industries and rise in R&D investments drive the market growth. However, increase in cyberattack threats, unavailability of authentication procedure to secure ICS, and lack of skilled professionals restrain the growth of the market. Conversely, growing smart grid deployments for the protection of critical infrastructure from cyber-attacks create new opportunities for growth of the market.
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Industrial Controls Market Competitive Analysis:
Leading market players profiled in the global Industrial Controls Market report include ABB Ltd., Emerson Electric Corporation, Honeywell International Incorporation, Kawasaki Roboticss control system, Mitsubishi Electric Factory Automation, Omron Corporation, Rockwell Automation, Inc., Siemens, Schneider Electric SA, and Yokogawa Electric Corporation
These players have adopted several strategies including joint ventures, expansions, mergers & acquisitions, collaborations, and new product launches to strengthen their position in the industry.
Covid-19 Impact on the Global Industrial Controls Market:
Industrial Controls Market Research Report offers an outline of the market based on basic parameters such as market size, sales analysis, and key drivers. The market is expected to expand on a large scale during the forecast period (2021-2024). This report includes COVID-19 impacts on the market. The unprecedented arrival of the coronavirus pandemic (COVID-19) has troubled the complete lifestyles. This in turn has affected some of the market situations along with introducing new norms. The broad view of the research report, therefore, provides the users with the total impacts of covid19 on the industry and the market players.
COVID-19 Scenario:
Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on research and development of new products.
However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of products in certain locations.
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Industrial Controls Market Segmentation:
The research provides an in-depth segmentation of the global Industrial Controls Market based on the control system, components, end user, and geography. It also presents a comprehensive examination of sales, revenue, growth rate, and market share of each for the historic period and the forecast period.
Industrial Controls Market Regional Analysis:
The report offers a region-wise analysis of the market along with the competitive landscape in each region. The study covers regions including North America (the United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). These insights assist to formulate strategies and create new opportunities to accomplish remarkable outcomes.
KEY BENEFITS FOR STAKEHOLDERS
This report offers analytical representation of the Industrial Controls Market trends with recent trends and future predictions to outline the upcoming investment pockets.
The overall potential intends to help in understanding the profitable trends to strengthen the base in the Industrial Controls Market.
The Industrial Controls Market analysis provides extensive information based on key determinants of the market along with a detailed impact analysis.
The recent market forecast is significantly examined from 2021 to 2024 to specify the financial ability.
Porter’s five forces analysis demonstrates the effectiveness of the buyers and suppliers in the industry.
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Key Market Segments
By Control System
Distributed Control System (DCS)
Supervisory control & data acquisition system (SCADA)
Manufacturing Execution System (MES)
Other
By Component
Modular Terminal Blocks
Relays & Optocouplers
Surge Protectors
Marking Systems
Printing
Ferulles Cable Lugs
Handtools
Testers
Enclosure Products
PCB Connectors & Terminals
Heavy Duty Connectors
Analog Signal Conditioner
Electronics Housings
Power Supplies
Industrial Ethernet
Industrial Ethernet Active
Industrial Ethernet Passive
Remote IO
Sensor Actuator Interface Active
Sensor Actuator Interface Passive
By End User
Automotive
Utility
Electronics & Semiconductors
Mining
Other
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
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.Market share analysis, 2019
3.5.Market dynamics
3.5.1.Drivers
3.5.1.1.Surge in demand for IoT-based smart solutions and automation in various industries
3.5.1.2.Increase in demand for mass production in manufacturing industries
3.5.1.3.Growth in adoption of industrial control system by industries and rise in R&D investments
3.5.2.Restraints
3.5.2.1.Increase in cyber-attacks and unavailability of authentication procedures
3.5.2.2.Lack of skilled professionals and awareness regarding industrial security solutions
3.5.3.Opportunities
3.5.3.1.Deployment of smart grid for protection of critical infrastructure from cyber-attacks
3.5.3.2.Cloud computing for industrial control system (ICS)
3.6.COVID-19 Impact analysis
3.6.1.Impact on market size
3.6.2.Industry vertical trends, preferences, and budget impact
3.6.3.Key player strategies to tackle COVID-19’s impact
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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. 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.
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