Press release
Industrial Controls System Market - Forecast period from 2015 to 2021
Increasing need of software in industrial automation, rise in infrastructure investments in emerging markets and increasing need for process automation among diverse industry verticals are the major factors responsible for the growth of the global industrial controls system market globally.
Moreover, growing application of software in industrial control devices is set to increase scalability of SCADA, DCS and PLC systems in industrial environments.
The global industrial controls system market is segmented by region in North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). North America led the global Industrial Controls System Market in 2014 and is also expected to maintain its dominance in 2021 as well in this market.
The growth in North America is primarily attributed due to an increase in demand for safer and reliable process automation in different sectors, such as power plants, oil & gas and water & wastewater among others. Asia Pacific held the second largest share of the global industrial controls system market in 2014 followed by Europe and RoW respectively.
The growth of the industrial controls system market in Europe can be attributed to the increase in demand for modernization of oil & gas, water & wastewater, and power infrastructures among others. Power and oil & gas industries were major contributors in RoW, in 2014.
The industrial controls system market is segmented on the basis of types into supervisory control and data acquisition (SCADA), distributed control system (DCS) and programmable logic controller (PLC).
Distributed control system (DCS) is holding the maximum market revenue share in 2014 and is expected to remain so during the forecast period from 2015 to 2021. The increasing industrial infrastructure investment and expansion of power and oil & gas project activities globally is spurring the demand for this segment.
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In addition, increasing need of software in industrial automation, rise in infrastructure investments in emerging markets and growth in demand for process automation among different industry verticals are the major factors that are driving the industrial controls system market globally.
By components, the global SCADA market has been segmented into a programmable logic controller (PLC), human machine interface (HMI), remote terminal unit (RTU), SCADA communication system, and others.
The industrial controls system market is further segmented by application into power, water & wastewater, oil & gas, manufacturing, chemicals, automotive, food & beverages, pharmaceuticals and others (including aerospace, defense, mining and material, etc.). The global industrial controls system market is dominated by power sector segment.
High gap in demand and supply of industrial control devices in developing countries such as India and China among others is expected to drive the demand of PLC, DCS and SCADA products in power sector. Chemicals segment was the second largest application sector in the industrial controls system market globally. Rising demand for bulk production of chemical materials is boosting the application of industrial control systems in the chemical industry.
Some of the leading players in the global Industrial Controls System Market covered in the report are Siemens AG (Germany), ABB Ltd (Switzerland), Omron Corp (Japan), Emerson Electric Co (U.S.), Rockwell Automation, Inc. (U.S.), Honeywell International, Inc (U.S.), Alstom SA (France), Omron Corp (Japan), General Electric Co (U.S.), Yokogawa Electric Corporation (Japan) and Schneider Electric SE (France) among others.
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