Industrial Controllers Market Report
Global Industrial Control Systems Market — Competitive Analysis
Highly competitive industrial control systems market appears to be fragmented owing to the presence of several players accounting for a substantial market share. Well-established players incorporate collaboration, acquisition, partnership, product & technology launch, and expansion to gain a competitive advantage and thus to maintain their positions in the market. These key players compete based on innovation, pricing, and service. Expansion in emerging market is helping those established key players to extend their sales networks.
Key Players:
Fervent players driving the market for industrial control systems include Schneider Electric (France), ABB Ltd (Switzerland), Honeywell International Inc (US), Rockwell Automation (US), Siemens AG (Germany), Omron Co (Japan), General Electric Co (US), Emerson Electric Co (US)., Yokogawa Electric Co (Japan), and Alstom (France).
Industry/Innovation/Related News:
November 20, 2018 — — Dragos, Inc. (Germany), a leading developer of Industrial Controls Systems announced its collaboration with General Electric Company (US), a multinational conglomerate to strengthen industrial threat detection and response. The Duo, together will leverage their respective expertise to help ICS owners and operators detect and respond to industrial cyber security threats more effectively.
Industrial controllers increase product quality, quantity, and reliability while reducing design and production costs by using new integrated services and solutions. The global industrial controller market has been segmented based on type, control, application, and region.
By type, the market has been segmented into programmable logic control (PLC), distributed control system (DCS), and supervisory control and data acquisition (SCADA). The PLC segment dominated the market by type in 2018. PLCs are ruggedized computers used for the automation of electromechanical processes across industries. PLCs consist of a microprocessor that receives information from sensors which is processed by input devices and the output is triggered. PLCs are also capable of handling complicated logic operations and facilitating fault diagnostics. The various functions of PLCs are driving their use in industries such as chemicals, cement, food, and paper. However, SCADA is expected to register the highest CAGR during the forecast period.
By control, the market has been segmented into ON-OFF control, open-loop control, feed-forward control, and closed-loop control. Industrial controllers help each industry to reduce cost, improve quality and efficiency, increase worker safety and make manufacturing processes better. Open-loop control is expected to dominate the market.
By application, the market has been segmented into automotive, manufacturing, oil & gas, energy & utilities, water & wastewater, food processing & beverage, and aerospace & aviation. Among these, the oil & gas segment dominated the market by application. The oil & gas industry is focused on increasing productivity through integrated operations and automation. Oil & gas companies are implementing industrial controllers such as SCADA systems and DCS in offshore rigs to gather production data in real time. By adopting automation, organizations can remotely collect data from oil & gas sites, reducing visits which results in route and dispatch optimization. ABB Ltd SCADA solutions for oil & gas include midstream offerings, rotating machinery, electrical systems, and plant electrification. Sophisticated monitoring, control, and data acquisition for management systems are some of the key factors driving the growth of the global industrial controller market. However, manufacturing is expected to register the highest CAGR.
By region, the audio IC market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
More Information@ https://www.marketresearchfuture.com/reports/industrial-controllers-market-8644
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: [email protected]
Industrial Controller MarketIndustrial controls systems are advanced factory automations technologies that control the equipment and machines in the industries.
Automation signifies to reduced human intervention, reduced human errors and hence reduced operational cost which is encouraging various industrial units to adopt the control systems.
The huge uptake defines the growing market landscape of industrial controls systems.Acknowledging the kind of traction, the market is garnering currently, Market Research Future (MRFR) in its recently published study report asserts that the global industrial controls systems market will grow enormously by 2023 registering a phenomenal CAGR throughout the forecast period (2018 to 2023).These industrial control systems comprise uses of robotics to gain the advantages in controlling, better precision, reduced assembly time, reduction in labour costs, and reduction in the risk of exposure to production hazards which drive the market growth.Additionally, adoption of IOT and advancement in M2M communication technology are factors propelling the growth of the market.
Nevertheless, this challenge may get ruled out soon with the emergence of industrial training programs.Also, to shift from traditional manufacturing to smart manufacturing demands high investment; whereas, due to low profit margin SMEs sometimes can’t arrange funds.
These limited re-investment opportunities are factors restraining the market growth.
Alternatively, industrial revolution 4.0 would create opportunities in the market.Regional AnalysisOn the basis of geography, the market is studied for North America, Europe, Asia-Pacific, Middle East & Africa, and Central & South America.
The industrial controller market 2020 can likely be worth USD 128.98 Billion by 2025-end, confirms Market Research Future (MRFR).
The industrial controllers market anticipates incredible growth prospects, given the widespread demand across multiple industries like utility, automotive, semiconductors and electronics, because of their controlling ability in automated processes.
Moreover, the intense demand for IoT-based smart solutions along with automation in industries including manufacturing, electronics & semiconductor and utilities, also leads to escalated demand for industrial controls worldwide.More Information@ https://www.marketresearchfuture.com/reports/industrial-controllers-market-8644The soaring demand for bulk production across manufacturing industries boosts the need for industrial controls, considering the evolving needs of the ever-expanding population.
Industrial controllers are used for mass production of products in a short period without compromising the accuracy, thereby bringing down the production cost.
End-users take into account these qualities and make huge demand, which increases the global industrial controllers market share across the globe.Furthermore, automation is gaining fast traction in multiple industrial applications, since they lower the cost and induce high-quality results.
This way, the quality control challenge that usually crops up due to human error is restrained, in conjunction with reliability, faster and efficient work rate of systems.
