Astute Analytica’s recently published report on the Industrial Controls Market offers the latest data and determines growth prospects and challenges. A tool for evaluating the potential for new goods and services is the constraints and opportunity analysis. This aids businesses in locating and forecasting market opportunities.
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The study also contains a compilation of qualitative and quantitative evaluations made by subject-matter experts in their fields as well as representatives from various industries found all along the supply chain.
The global industrial controls market is experiencing significant growth and is estimated to reach a market size of US$ 341.8 billion by 2031, up from US$ 212.3 billion in 2022. This represents a Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period 2023-2031. In terms of volume, the market is expected to project a CAGR of 4.2% during the same period.
The paper discusses further findings that researchers made based on the comprehensive data and also offers information on the state of the market. The paper discusses kinds and applications based on various nations and important locations. The market’s most active companies are described in detail with regard to attributes like corporate portfolio, business strategy, financial overview, recent developments, and industry share.
Leading Companies
- ABB Ltd.
- Emerson Electric Co.
- Endress+Hauser AG
- General Electric
- Honeywell International Inc.
- Mitsubishi Electric Corp.
- Omron Corporation
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
- Yokogawa Electric Corporation
- Other Prominent Players
We continuously monitor the direct impact COVID-19 (Update Omicron mutations study) has on the market, in addition to the indirect influence of related industries. The report will contain the observations.
The geographical regions are divided into several major categories for production, consumption, revenue (in US dollars), and market share in this analysis. We’ll discuss the predicted growth of the market in this region between 2021 and 2031.
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Segmentation Overview
Global Industrial Controls Market is segmented based on components, type, network component, end-user, and region.
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:
- 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
- Western 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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