Industrial Controls Market 2022 Size, Share, Trend : Which Industry holds the maximum share of the industry?

Astute Analytica has released new research on the worldwide Industrial Controls Market that provides a thorough explanation of a number of market analysis techniques, including SWOT analysis and five-point analysis. The market report also includes an in-depth analysis of several growth plans and initiatives to broaden the business's horizons on a regional and international scale. It gives readers a thorough explanation of all the market difficulties and development prospects related to the industry.

Along with significant data and other pertinent information, the study evaluates the competitive landscape and global market growth trend based on the business overview and helps businesses and investment organizations better grasp the market's growth characteristics.

The Global Industrial Controls Market size was US$ 203.60 billion in 2021 and forecast to grow to US$ 326.60 billion by 2030, registering a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2022 to 2030.

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Regional Analysis:

North America is expected to grow at a moderate rate, closely followed by Europe due to the well-developed infrastructure of these regions. Furthermore, the presence of various safety standards such as quiet operation, low emission, and others will contribute to the growth of the market.

The presence of developing economies such as India, China, etc., will drive the industry forward. It is majorly attributable to the growing urbanization and industrialization in the region. Further, the availability of cheap labor and raw materials has increased factory setup in the region. According to Invest India, the Parliament passed a bill with the aim to develop National Bank for Financing Infrastructure and Development (NaBFID) in order to invest in infrastructure projects in the country. Moreover, the same source estimates that infrastructure activities held a 13% share of the total FDI inflows of US$ 81.72 billion in In FY21.

COVID-19 Impact

Following the coronavirus pandemic, the market experienced a sharp decline in terms of revenue. The COVID-19 pandemic forced the imposition of a lockdown to reduce infection among the population across countries. Moreover, manufacturing companies rely heavily on the supply of raw materials and components from other countries around the world, which was halted during the pandemic. Thus, the negatively affected the industry.

Major Key Players in the Industrial Controls Market are:

Emerson Electric Co.
Endress+Hauser AG
Honeywell International Inc.
Mitsubishi Electric Corp.
Omron Corporation
Rockwell Automation Inc.
Schneider Electric SE
Siemens AG
Yokogawa Electric Corporation
GE Digital
ABB Ltd. (ABB Ability)
Segmental Analysis:

The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the Industrial Controls Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market's overall size.

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Segmentation Overview

By Components

IT and OT
Programmable Logic Controller (PLC)
Remote Thermal Unit (RTU)
Control Loop
Industrial Automation and Control System (IACS)
Programmable Automation Controller (PAC)
Human Machine Interface (HMI)
Master Thermal Unit (MTU)
Intelligent Electronic Device (IED)
By Type

Supervisory Control and Data Acquisition (SCADA)
Distributed Control Systems (DCS)
Process Control System
Safety Instrumented System
Energy Management System
By Network Component

Fieldbus
Communication Router
Firewall
MODEMS
Remote Access Points
By End User

Oil and Gas
Chemical
Pharmaceutical
Food and Beverage
Medical Device
Automotive
Aerospace and Defense
Others
By Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Argentina
Brazil
Rest of Latin America
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This release was published on openPR.