Global Industrial Controller Market, By Type (Programmable Logic Control (PLC), Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), Manufacturing Execution System (MES), Others), Component (Modular Terminal Blocks, Relays and Optocouplers, Surge Protectors, Marking Systems, Printing, Ferulles Cable Lugs, Handtools, Testers, Enclosure Products, PCB Connectors and Terminals, Heavy Duty Connectors, Analog Signal Conditioner, Electronics Housing, Power Supplies, Industrial Ethernet, Remote IO), Control (ON-OFF Control, Open-Loop Control, Feed-Forward Control, Closed-Loop Control), Application (Automotive, Manufacturing, Oil and Gas, Energy and Utilities, Water and Wastewater, Food Processing and Beverage, Aerospace and Aviation), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Industrial controller market is expected to reach USD 177.86 billion by 2028 witnessing market growth at a rate of 10.90% in the forecast period of 2021 to 2028. Data Bridge Market Research report on industrial controller market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
Industrial controllers reduce human intervention and allow production facilities to enhance the quality, efficiency, and quantity of the product, while reducing the cost of producing and designing the product. The demand from manufacturing facilities and similar industries for automation is expected to drive the growth of the global market for industrial controllers.
Increase in demand for mass production in manufacturing industries to cater to the needs of growing population, rising demand for internet of things based smart solutions and automation in various industries, growth in adoption of ICS by industries, surging levels of investment in research and development activities, increased demand for intelligent and automated manufacturing systems are some of the major as well as vital factors which will likely to augment the growth of the industrial controller market in the projected timeframe of 2021-2028. On the other hand, deployment of smart grid for the protection of critical infrastructure from cyber-attacks along with rising adoption of cloud computing which will further contribute by generating massive opportunities that will lead to the growth of the industrial controller market in the above mentioned projected timeframe.
Lack of skilled professionals and lack of awareness along with increase in cyber-attack threats and unavailability of authentication procedure to secure which will likely to act as market restraints factor for the growth of the industrial controller in the above mentioned projected timeframe. High cost of implementation which will become the biggest and foremost challenge for the growth of the market.
This industrial controller market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on industrial controller market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Industrial Controller Market Scope and Market Size
Industrial controller market is segmented on the basis of type, component, application and control. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Industrial controller market on the basis of type has been segmented as programmable logic control (PLC), distributed control system (DCS), supervisory control and data acquisition (SCADA), manufacturing execution system (MES), and others.
- Based on component, the industrial controller market has been segmented into modular terminal blocks, relays and optocouplers, surge protectors, marking systems, printing, ferulles cable lugs, handtools, testers, enclosure products, PCB connectors and terminals, heavy duty connectors, analog signal conditioner, electronics housing, power supplies, industrial ethernet, and remote IO.
- On the basis of control, the industrial controller market has been segmented into on-off control, open-loop control, feed-forward control, and closed-loop control.
- On the basis of application, the industrial controller market has been segmented into automotive, manufacturing, oil and gas, energy and utilities, water and wastewater, food processing and beverage, aerospace and aviation.
Industrial Controller Market Country Level Analysis
Industrial controller market is analysed and market size, volume information is provided by country, type, component, application and control as referenced above.
The countries covered in the industrial controller market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America will dominate the industrial controller market due to the prevalence of government favoured policies to help factory automation and increased demand for intelligent and automated manufacturing systems in the region while Asia-Pacific region will expect to grow in the forecast period of 2021-2028 due to the rising trend of automation and innovative technological advancements in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Industrial Controller Market Share Analysis
Industrial controller market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to industrial controller market.
The major players covered in the industrial controller market report are NATIONAL INSTRUMENTS CORP.; Ascon Tecnologic Srl; Siemens; Mitsubishi Electric Corporation; GENERAL ELECTRIC; OMRON Corporation; Red Lion; B&R; Schneider Electric; ABB; Honeywell International Inc.; Rockwell Automation, Inc.; Emerson Electric Co.; Belden Inc.; Kawasaki Heavy Industries, Ltd.; Yokogawa Electric Corporation; Hitachi Industrial Equipment Systems Co., Ltd.; IDEC Corporation; Koyo Electronics Industries Co., Ltd.; Delta Electronics, Inc.; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.