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Industrial Controls Market 2022 Growth, Latest Application, Business Opportunities, Technology Development And Demand Overview
Industrial Controls Market
The regions covered in the industrial controls market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia Pacific accounts for the largest industrial controls market share.
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The industrial controls market consists of sales of different types of control systems and related instrumentation. Industrial control systems (ICS) include networks, devices and systems used to operate and/or automate industrial processes.
Key competitors in the industrial controls market are ABB Ltd, Mitsubishi Electric Factory Automation, Siemens, Honeywell International Incorporation, Emerson Electric Company, Schneider Electric SA, Omron Corporation, Rockwell Automation.
The global industrial controls market size is expected to grow from $128.56 billion in 2021 to $141.47 billion in 2022 at a compound annual growth rate (CAGR) of 10.0%.The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The industrial control market is expected to reach $190.69 billion in 2026 at a CAGR of 7.7%.
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TBRC's report segments the global industrial controls market:
1) By Control System: Distributed Control System (DCS), Supervisory Control and Data Acquisition System (SCADA), Manufacturing Execution System (MES)
2) By End-User: Automotive, Utility, Electronics and Semiconductor, Mining, Others
3) By Component: Modular Terminal Block, Relays and Optocouplers, Surge Protectors, Marking Systems, Printing, Ferulles Cable Lugs, Handtools, Testers, Enclosure Products, PCB Connetors and Terminals, Heavy Duty Connectors, Analog Signal Conditioner, Electronics Housings, Power Supplies, Industrial Ethernet, Remote IO
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The Table Of Contents Includes:
1. Executive Summary
2. Industrial Controls Market Characteristics
3. Industrial Controls Market Trends And Strategies
4. Impact Of COVID-19 On Industrial Controls
5. Industrial Controls Market Size And Growth
.....
28. Key Mergers And Acquisitions In The Industrial Controls Market
29. Industrial Controls Market Future Outlook And Potential Analysis
30. Appendix
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