Industrial control systems are primarily in the power generation, transmission and distribution industry to collect and analyze data. With the increasing incidence of automation across several industries the need to adopt ICS is increasing. Increasing complexities in the manufacturing and other such processes beckons the need of constant monitoring. ICS enable the user to control and monitor industry processes. With the increasing technological development and advancement in M2M communications the Industrial Control Systems market is expected to register a high growth rate in the forecast period.
Thus the ICS market is expected to register a CAGR of about 5%.
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Study Objectives of Industrial Control Systems:
- To provide detailed analysis of the market structure, along with the 5 year forecast of various segments and sub-segments of the Global ICS Market.
- To provide insights about the factors affecting market growth.
- To Analyze the ICS Market with respect to various factors such as price analysis, supply chain analysis, and porters five force analysis.
- To provide historical as well as forecast revenue of the market segments & sub-segments with respect to four main geographies namely, North America, Europe, Asia, South America, Middle East and Africa and their key countries respectively.
- To provide country level analysis of the market segmented by Technology, End Market, and Components, with respect to the current market size and growth prospective during the forecast period.
- To provide strategic profiling of key market players, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze market developments of key players such as joint ventures, strategic alliances, mergers & acquisitions, and new product developments, within the Global ICS Market.
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Some of the key players in the ICS Market ABB Ltd. (Switzerland), Emerson Electric Company (U.S.), Siemens AG (Germany),Mitsubishi Electric Corporation (Japan)General Electric Company (U.S.), Schneider Electric SE (France), Rockwell Automation, Inc. (U.S.), Honeywell International, Inc. (U.S.),and Yokogawa Electric (Japan) , Azbil (Japan), Metso (Finland) among others.
The ICS Market has been segmented on the basis of technology as SCADA, PLC, DCS, HMI and others. On the basis of components the market has been segmented as Hardware and Software. On the basis of end market the market has been segmented as upstream, petrochemicals, utility and power generation.
North America is the dominating region in the ICS Market mainly due to the rapid increase in the adoption of ICS across various industries. Increased application in the Oil & Gas and Pharmaceuticals sector are the other factors which are driving the market in the North American region. Rapid increase in the manufacturing sector in the Asia-Pacific region is one of the main factors that has resulted in the Asia-Pacific region being one of the fastest growing regions.
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