The Global Industrial Controls Market Report by The Business Research Company covers industrial controls market drivers and restraints, industrial controls market size, major players, and the impact of COVID-19 on the industrial controls market.
The industrial controls market consists of sales of different types of control systems and related instrumentation. Industrial control systems (ICS) include networks, devices and systems used to operate and/or automate industrial processes.
The industrial controls market is expected to be aided by rapid growth in investments in smart city projects in many countries globally. The global industrial controls market is expected to grow from $45.82 billion in 2020 to $47.34 billion in 2021 at a compound annual growth rate (CAGR) of 3.3%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $49.6 billion in 2025 at a CAGR of 1%.
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Some industrial controls market trends include rapid growth in investments in smart cities. The industrial controls market is expected to be aided by rapid growth in investments in smart city projects in many countries globally. Industrial controls are being designed using artificial intelligence (AI) and internet of things (IoT) that can support energy, telecommunications, surveillance and other services. Smart city technologies are integrated with electrical and electronic components, thereby benefitting the companies operating in this market.
Global industrial controls market segments include:
1) By Control system: Distributed Control System (DCS), Supervisory Control & Data Acquisition System (SCADA), Manufacturing Execution System (MES).
2) By End User: Automotive, Utility, Electronics & Semiconductor, Mining, Others.
3) By Component: Modular Terminal Block, Relays and Optocouplers, Surge Protectors, Marking Systems, Printing, Ferulles Cable Lugs, Handtools, Testers, Enclosure Products, PCB Connetors and Terminals, Heavy Duty Connectors, Analog Signal Conditioner, Electronics Housings, Power Supplies, Industrial Ethernet, Remote IO.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Industrial Controls Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides industrial controls market overviews, analyzes and forecasts market size, share, industrial controls market players, industrial controls market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The industrial controls market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Industrial Controls Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: ABB Ltd, Mitsubishi Electric Factory Automation, Siemens, Honeywell International Incorporation, Emerson Electric Company, Schneider Electric SA, Omron Corporation, Rockwell Automation, Yokogawa Electric Corporation, Endress+Hauser, WIKA, Azbil, Fuji Electric, 3D Systems, HP, FANUC, STRATASYS, Progea, Hitachi, Vega, Danfoss, Tegan Innovations , Krohne, Chaos Prime, Dwyer.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Industrial Controls Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Industrial Controls Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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