Industrial Control Systems Market – 2019 Size, Share, Trends, Growth Factor, Business Insights, Revenue, Key Players, Opportunity And Regional Analysis With Global Industry Forecast To 2023

Industrial Control Systems Market - 2019 Size, Share, Trends, Growth Factor, Business Insights, Revenue, Key Players, Opportunity And Regional Analysis With Global Industry Forecast To 2023

“””Industrial Control Systems Market”””
Industrial Control Systems Market Analysis From 2019 To 2023 is latest market research study on Global Industrial Control Systems Market published by Market Research Future. According to report Global Industrial Control Systems Market valuation at a strong CAGR by 2023. The market for industrial control systems has been thoroughly examined by MRFR as per segments like control systems, components, and applications. Manufacturing Sector to Make High Demand for Industrial Control Systems Market.

Industrial Control Systems Market Analysis From 2019 To 2023 is latest market research study on Global Industrial Control Systems Market published by Market Research Future. According to report Global Industrial Control Systems Market valuation at a strong CAGR by 2023. The market for industrial control systems has been thoroughly examined by MRFR as per segments like control systems, components, and applications. Manufacturing Sector to Make High Demand for Industrial Control Systems Market.

Significant players influencing the worldwide industrial control system market include Honeywell International Inc (US), Omron Co (Japan), Yokogawa Electric Co (Japan), Emerson Electric Co (US)., General Electric Co (US), ABB Ltd (Switzerland), Schneider Electric (France), Rockwell Automation (US), Alstom (France), Siemens AG (Germany), to mention a few.

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Global Industrial Control Systems Market Highlights:

Industry 4.0 Helps North America Bag the Top Spot in Industrial Control Systems Market. Market Research Future (MRFR) expects the industrial control systems (ICS) market to achieve a remarkable CAGR during the forecast period (2018-2023). The market is anticipated to exhibit strong growth potential in the coming years, based on the increasing adoption of the Internet of Things (IoT) across the globe.

Industrial control systems are now being used extensively by organizations from multiple industries, given their rising focus on achieving energy efficiency in manufacturing processes. The industrial control systems market finds massive demand in various industries like utility, automotive, semiconductors, and electronics, thanks to its potential to control automated processes. In addition, soaring demand for IoT-based smart solutions as well as automation in several industries like manufacturing, electronics & semiconductor and utilities also helps the market advance at a quick pace across the globe.

Mounting need for mass production in manufacturing industries in the face of the growing population seems to be working in favor of the industrial control systems market. High demand for automation in a variety of industrial applications is the result of ICS’s low cost and high-quality production results. On top of that, it offers system integrators to give way to automation, which helps provide consistent results with high productivity as well as enhanced product quality. Also, the quality control issue that usually occurs due to human error goes down, due to reliable, faster and efficient work rate of systems.

Advancing demand for cloud-based services combined with the rising use of smart grid solutions for protecting critical infrastructures from cyberattacks offers numerous growth opportunities to the industrial control systems market. Organizations all over the world are renovating solutions to enhance the control and monitoring methods for the systems, which provide real-time visibility to control suspicious behavior, in addition to taking needed action due to cyber-attacks on important infrastructure. As a result, the industry is expected to gain massive traction in the following years. Apart from this, some of the renowned vendors in the market are adopting marketing strategies like product innovation that helps them expand the portfolio of the industrial control systems.

Market Segmentation:

Depending on the control systems, the market includes distributed control system (DCS), hybrid (hybrid of SCADA and DCS) and supervisory control and data acquisition (SCADA).

With regard to components, the market has been considered for SCADA communication systems, remote terminal unit (RTU), programmable logic controller (PLC), human-machine interface (HMI), and others (control server, remote diagnostics & maintenance).

The market, according to the application, can be split into oil and gas, water and water waste treatment, electrical power (generation, transmission, and distribution), automobile industry, Pharmaceutical industry, and others (aerospace, defense, transportation).

Regional Insight:

North America, Asia Pacific (APAC), Europe, and the rest of the world (RoW) are the primary markets for industrial control systems identified in the MRFR report.

Industry 4.0 is the newest trend that is expected to profoundly impact the industrial control systems market in North America. North America has successfully acquired the top spot in the global market, backed by the mounting demand for industry processes security as well as efficiency, especially in the United States (U.S). A large number of manufacturing and production industries in the region are opting for automation of the system, which is leading to rise in cyber-attacks and machine breakdown. This issue calls for the installation of the ICS to elevate the productivity of the operations.

In APAC, the automotive industry accounts for the substantial adoption of industrial control systems as well as automation technologies. This factor offers a massive opportunity for market growth in the region. Also, strong support by government in the form of policies along with competitively priced natural gases enables the chemical companies in the region to build plants, automate, control and expand their facilities.

The industrial controls system market in Europe is growing at a rapid pace, as a result of the rising demand for modernization of water & wastewater, power infrastructures, and oil & gas, among others. Furthermore, surge in infrastructure investments in the region can also boost market demand in the near future.

Industry Update:

October 2019

Schneider Electric recently launched its latest EcoStruxure Plant Performance Advisors suite that can help mining, minerals, and metals; food and beverage; water and wastewater; oil and gas; and various other industrial enterprises enhance their industrial automation data to elevate operational profitability.

List Of Tables:

1 Executive Summary 11 

2 Introduction 12 

2.1 Definition 12 

2.2 Scope Of The Study 12 

2.3 Assumptions 12 

2.4 Key Buying Criteria 13 

2.5 Market Structure 13 

3 Research Methodology 14 

3.1 Research Process 14 

3.2 Primary Research 14 

3.3 Secondary Research 15 

3.4 Market Size Estimation 15 

3.5 Forecast Model 17 

4 Market Factor Analysis 18 

4.1 Porter’s Five Forces Analysis 18 

4.1.1 Threat Of New Entrants 18 

4.1.2 Bargaining Power Of Suppliers 19 

4.1.3 Bargaining Power Of Buyers 19 

4.1.4 Threat Of Substitutes 19 

4.1.5 Rivalry 19 

4.2 Supply Chain Analysis 20 

5 Patent Trends 22 

5.1 Patent Trends 22 

6 Market Dynamics 27 

Continued…

List of Tables:

TABLE 1 GLOBAL INDUSTRIAL CONTROL SYSTEMS MARKET: BY REGION, 2017-2023

TABLE 2 NORTH AMERICA INDUSTRIAL CONTROL SYSTEMS MARKET: BY COUNTRY, 2017-2023

TABLE 3 EUROPE INDUSTRIAL CONTROL SYSTEMS MARKET: BY COUNTRY, 2017-2023

TABLE 4 ASIA PACIFIC INDUSTRIAL CONTROL SYSTEMS MARKET: BY COUNTRY, 2017-2023

TABLE 5 ROW INDUSTRIAL CONTROL SYSTEMS MARKET: BY COUNTRY, 2017-2023

TABLE 6 GLOBAL INDUSTRIAL CONTROL SYSTEMS MARKET, BY TYPE, BY REGIONS, 2017-2023

TABLE 7 NORTH AMERICA INDUSTRIAL CONTROL SYSTEMS MARKET, BY TYPE, BY COUNTRY, 2017-2023

TABLE 8 EUROPE INDUSTRIAL CONTROL SYSTEMS MARKET, BY RESIN TYPE, BY COUNTRY, 2017-2023

TABLE 9 ASIA PACIFIC INDUSTRIAL CONTROL SYSTEMS MARKET BY TYPE, BY COUNTRY, 2017-2023

TABLE 10 ROW INDUSTRIAL CONTROL SYSTEMS MARKET BY TYPE, BY COUNTRY, 2017-2023

Continued…

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