Press release
Industrial Controls Market: 2023 Global Trends Analysis by Type, Component, End user, Region, Key Drivers, Restraints, Application, Network and Competitive Landscape
"Industrial Controls"
Industrial controls systems refer to various automation devices, machines and equipment used in industry. They are developed to better control and monitor industrial processes and automate tasks to increase efficiency and reliability while improving quality. These systems include a variety of controls systems such as supervisory control and data acquisition or SCADA, programmable logic controllers or PLCs, and distributed controls systems or DCS.
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Growth is driven by the demand for intelligent controls systems and automation in various industries, mass production in industry and the adoption of industrial controls systems in various end-uses such as automotive and mining, as well as increasing R&D investments. in the industrial control market. However, increasing cyber-attacks, lack of authentication procedures, lack of experienced professionals and awareness of industrial security solutions are restraining the growth of the industrial controls market. In addition, the deployment of a smart grid to protect critical infrastructure against cyber-attacks and cloud computing for industrial controls systems creates lucrative opportunities for the industrial surveillance market.
The industrial controls market has been significantly affected by the outbreak of COVID-19, as production facilities in the electronics and semiconductor industries had been shut down due to slowdowns and labor shortages worldwide. The COVID-19 epidemic has caused a significant and long-term reduction in production. In addition, travel bans and facility closures have kept workers away from factories, leading to slower growth in the industrial control market in 2020.
Top players covered in the Industrial Controls Market report: ABB Ltd., Emerson Electric Corporation, Honeywell International Incorporation, Kawasaki Robotics control system, Mitsubishi Electric Factory Automation, Omron Corporation, Rockwell Automation Inc., Siemens AG, Schneider Electric SA, Yokogawa Electric Corporation, Endress+Hauser AG, General Electric, GLC Controls Inc., and, Others.
Recent Developments
In July 2022, IBM acquired Databand.ai, a leading provider of data observability software that helps organizations fix issues with their data, including errors, pipeline failures, and poor quality, before it impacts their bottom line.
In July 2022, Sap acquired Askdata to strengthen its ability to help organizations take better-informed decisions by leveraging AI-driven natural language searches. Users are empowered to search, interact, and collaborate on live data to maximize business insights.
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Scope of the Industrial Controls Market Report:
The Industrial Controls Market is segmented into various segments such as type, component, End user and region:
Based on type, the industrial controls market is segmented into:
Distributed control system (DCS)
Supervisory control & data acquisition system (SCADA)
Manufacturing execution system (MES)
Programmable Logic Controller (PLC)
Product Lifecycle Management (PLM)
Enterprise Resource Planning (ERP)
Human Machine Interface (HMI)
Others
Based on the component, the industrial controls market is segmented into:
Modular terminal blocks
Relays & optocouplers
Surge protectors
Marking systems
Printing
Ferulles cable lugs
Handtools
Testers
Enclosure products
PCB connectors and terminals
Heavy duty connectors
Analog signal conditioner
Electronic housings
Power supplies
Industrial ethernet
Remote IO
Based on the End user, the industrial controls market is segmented into:
Automotive
Utility
Electronics & semiconductors
Mining
Oil and Gas
Chemical and Petrochemical
Power
Life Sciences
Food and Beverage
Others
Based on Application, the industrial controls market is segmented into:
Automotive
Pharmaceutical
Oil & Gas
Electrical Power
Others
Based on Network, the industrial controls market is segmented into:
Fieldbus
Communication Router
Firewall
MODEMS
Remote Access Points
Based on region, the industrial controls market is segmented into:
Asia Pacific
Japan
China
India
Australia
South Korea
Vietnam
New Zealand
Philippines
Thailand
Malaysia
Hong Kong
Taiwan
Singapore
Indonesia
Sri Lanka
Rest of Asia-Pacific
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Spain
Sweden
Austria
Finland
Belgium
Turkey
Russia
Poland
Hungary
Czech Republic
Switzerland
Netherlands
Rest of Europe
South America
Brazil
Argentina
Chile
Colombia
Rest of South America
Middle East & Africa
South Africa
U.A.E.
Saudi Arabia
Oman
Qatar
Iran
Egypt
Rest of Middle East and Africa
North America to Dominate the Market
North America is on the brink of the fourth industrial revolution. The data generated is used for high-volume production, while the data is integrated into various production systems throughout the supply chain. The region is also one of the world's largest automotive markets, with more than 13 major automotive manufacturers operating. The automobile industry was one of the largest income generators in the region. Due to significant adoption of industrial control systems and automation technologies in the automotive industry, the region offers a huge opportunity for market growth.
Several key vendors operating in the country are launching new upgrades to support the growth of smart factories along with the development of industrial control systems. Such technological development indicates regional growth in the studied market.
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