Press release
Strong Growth Ahead: Industrial Controls Market Size To Grow At Arecord 4.3% Cagr By 2029
Industrial Controls
How Big Is the Industrial Controls Market Size Expected to Be by 2034?
The industrial controls market has experienced strong growth, growing from $146.41 billion in 2024 to $154.18 billion in 2025 at a CAGR of 5.3%. The market's growth can be attributed to social welfare needs, government funding, adoption and foster care services, as well as counseling and mental health services.
The industrial controls market is expected to experience steady growth over the next few years. It will grow to $181.56 billion by 2029, at a compound annual growth rate (CAGR) of 4.2%. The growth is supported by increasing mental health awareness, an aging population, the rise of digital counseling and telehealth, and the ongoing treatment of substance abuse. Key trends include telehealth, online counseling, substance abuse treatment, and the adoption of app-based support and technology for case management.
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What Are the Emerging Segments Within the Industrial Controls Market?
The industrial controls market covered in this report is segmented -
1) By Control system: Distributed Control System (DCS), Supervisory Control And Data Acquisition System (SCADA), Manufacturing Execution System (MES)
2) By Component: Modular Terminal Block, Relays and Optocouplers, Surge Protectors, Marking Systems, Printing, Ferrules Cable Lugs, Handtools, Testers, Enclosure Products, PCB Connectors and Terminals, Heavy Duty Connectors, Analog Signal Conditioner, Electronics Housings, Power Supplies, Industrial Ethernet, Remote IO
3) By End User: Automotive, Utility, Electronics And Semiconductor, Mining, Other End Users
Subsegments:
1) By Distributed Control System (DCS): Process DCS, Hybrid DCS, Advanced DCS
2) By Supervisory Control And Data Acquisition System (SCADA): Traditional SCADA, Cloud-based SCADA, Wireless SCADA
3) By Manufacturing Execution System (MES): Discrete MES, Process MES, Hybrid MES
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What Long-Term Drivers Are Shaping Industrial Controls Market Trends?
Expansion in manufacturing industries, especially in developing regions, is bolstering the industrial controls market. These systems are essential for enhancing efficiency and product quality in production. Goldman Sachs reported a 210% growth in India's manufacturing sector in fiscal year 2022 compared to 2021, indicating strong market potential.
Who Are the Top Competitors in Key Industrial Controls Market Segments?
Major companies operating in the industrial controls market include Mitsubishi Electric Factory Automation, Siemens AG, Honeywell International Incorporation, Emerson Electric Company, Schneider Electric SA, ABB Ltd, Omron Corporation, Rockwell Automation, Yokogawa Electric Corporation, Endress+Hauser Group, WIKA Alexander Wiegand SE & Co. KG, Azbil Corporation (formerly known as Yamatake Corporation), Fuji Electric Co. Ltd., 3D Systems Corporation, HP Inc., FANUC Corporation, Stratasys Ltd., Progea Srl, Hitachi Ltd., Vega Grieshaber KG, Danfoss Group, Tegan Innovations Inc., Krohne Group, Chaos Prime, Dwyer Instruments Inc., Kawasaki Heavy Industries Ltd., General Electric Company (GE), Johnson Controls International plc, Eaton Corporation plc, Phoenix Contact GmbH & Co. KG, Parker Hannifin Corporation, WAGO Kontakttechnik GmbH & Co. KG, Yokohama Industries Inc., B&R Industrial Automation GmbH, Beckhoff Automation GmbH & Co. KG, Bosch Rexroth AG, Delta Electronics Inc., Festo AG & Co. KG, IDEC Corporation, Keyence Corporation, National Instruments Corporation, Pepperl+Fuchs GmbH
What Industrial Controls Market Trends Are Gaining Traction Across Different Segments?
Cybersecurity threats, including malicious attacks on industrial infrastructure, are becoming a significant concern in the industrial controls market. The increasing integration of connected sensors and data systems in industrial controls makes them vulnerable to cyber-attacks. For example, hackers compromised 156 tornado alarm systems in Dallas, forcing authorities to shut them down.
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Which Regions Are Becoming Hubs for Industrial Controls Market Innovation?
Asia-Pacific was the largest region in the industrial controls market in 2023. Western Europe was the second-largest region in the 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, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Industrial Controls Market?
2. What is the CAGR expected in the Industrial Controls Market?
3. What Are the Key Innovations Transforming the Industrial Controls Industry?
4. Which Region Is Leading the Industrial Controls Market?
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