Industrial Controllers Market 2025 – Sales Revenue, Grow Pricing and Industry Growth Analysis, Competitive Landscape, Historical Analysis and Forecast (SARS-CoV-2, Covid-19 Analysis)

Industrial Controllers Market 2025 - Sales Revenue, Grow Pricing and Industry Growth Analysis, Competitive Landscape, Historical Analysis and Forecast (SARS-CoV-2, Covid-19 Analysis)

“Industrial Controllers Market”
The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Industrial Controllers Market. The growth sectors of the Industrial Controllers Market are identified with precision for a better growth perspective.

Industrial Controllers Market

The Global Industrial Controller Market was valued at USD 63.21 Billion in 2018; it is expected to reach USD 128.98 Billion by the end of the forecast period at a CAGR of 11.1%.

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Industrial controllers are high-performance devices which are used for data acquisition, processing, and control, offering the highest processing power and connectivity. The factors contributing to the growth of the industrial controllers market include government policies supporting the adoption of industrial automation, and increased demand for automation in manufacturing industries. The market is primarily segregated into PLC, DCS, and SCADA. Among these segments, PLC dominates the market. Asia-Pacific is expected to remain the region growing at the highest CAGR throughout the forecast period.

Segmentation

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.

Regional Analysis

On the basis of geography, the market is studied for North America, Europe, Asia-Pacific, Middle East & Africa, and Central & South America. Among the regions mentioned above, North America is expected to dominate the market throughout the forecast period. The factors boosting the growth of the market in North America include the presence of the largest market for oil & gas and increasing focus on digitization of oil fields with the adoption of industry 4.0, presence of key market players in the automation industry. However, the lack of a skilled workforce and limited awareness about factory automation methods can hamper the growth of the industrial controllers market. On the other hand, increased adoption of industrial robots, adoption of automation in mining and water treatment, and the presence of foreign developers of automation operating in Canada are fuelling the growth of the industrial controllers market.

Asia-Pacific region is expected to show the highest CAGR during the forecast period. The growth is anticipated due to emerging economies such as China and India, and developed countries such as South Korea, Japan and Singapore. China experiences a high demand for automation in oil & gas and metal & mining industries. The country’s government also favors the manufacturing of industrial robots. Moreover, the presence of key electronic component manufacturers in the region also fuels the market growth.

Key Players

The key players in the industrial controller market are identified across all the major regions based on their country of origin, presence, recent key developments, product diversification, and industry expertise. Some of them are National Instruments, Ascon Technologic, Siemens AG, Mitsubishi Electric, General Electric, Omron Corporation, Red Lion Controls, B&R Industrial Automation GmbH, Schneider Electric, ABB Limited, Honeywell International, Rockwell International, Emerson Electric Corporation, Belden Inc among others. These players contribute significantly to market growth. Apart from the top key players, the other players contribute nearly 25–30% in the industrial controllers market.

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