Industrial Controls Market analysis report figures out the market landscape, brand awareness, latest trends, possible future issues, industry trends and customer behaviour so that the business can stand high in the crowd. It includes extensive research on the current conditions of the industry, the potential of the market in the present and the future prospects from various angles. This Industrial Controls Market report comprises of data that can be pretty essential when it comes to dominating the market or making a mark in the Semiconductors & Electronics industry as a new emergent. To bestow clients with the best results, the Industrial Controls Market research report is produced by using integrated approaches and the latest technology.
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Industrial Controls Market by Type (Distributed Control System, Supervisory Control & Data Acquisition System, Manufacturing Execution System, Programmable Logic Controller (PLC), Product Lifecycle Management (PLM), Enterprise Resource Planning (ERP), Human Machine Interface (HMI) and Others), Component (Modular Terminal Blocks, Relays & Optocouplers, Surge Protectors, Marking Systems, Printing, Ferulles Cable Lugs, Handtools, Testers, Enclosure Products, PCB Connectors & Terminals, Heavy Duty Connectors, Analog Signal Conditioner, Electronic Housings, Power Supplies, Industrial Ethernet, and Remote IO), Application and End User (Automotive, Utility, Electronics & Semiconductors, Oil and Gas, Chemical and Petrochemical, Power, Life Sciences, Food and Beverage and Mining), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America), global opportunity analysis and Industry Forecast, 2023-2030. The global Industrial Controls market size was estimated at USD 140 billion in 2023 and is projected to reach USD 239.9354 billion in 2030 at a CAGR of 8% during the forecast period 2023-2030.
Industrial Controls Market Competitive Landscape:
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.
Industrial Controls Market 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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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.
They can help automate processes, critical infrastructure or remote monitoring and management. They also help collect data from remote devices, monitor the operation of distributed factories, and perform automated electromechanical processes. Rapid adoption of cloud-based services and growing automation trends in industry are important factors for the global industry. Market dominance. Automation helps industries achieve better accuracy and quality while reducing costs.
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.
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
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
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
Automotive
Utility
Electronics & semiconductors
Mining
Oil and Gas
Chemical and Petrochemical
Power
Life Sciences
Food and Beverage
Others
Based on Application
Automotive
Pharmaceutical
Oil & Gas
Electrical Power
Others
Based on Network
Fieldbus
Communication Router
Firewall
MODEMS
Remote Access Points
Based on region
Asia Pacific
North America
Europe
South America
Middle East & Africa
Industrial Controls Market Regional Analysis:
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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