Learn about the global Industrial Controls market through The Business Research Company, which provides information on industrial controls market size, industrial controls market drivers and restraints, industrial controls market players, the COVID-19 impact on the industrial controls market, and more.

The global industrial controls market size is expected to grow from $128.56 billion in 2021 to $141.47 billion in 2022 at a compound annual growth rate (CAGR) of 10.0%.The growth in the market 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 industrial control market is expected to reach $190.69 billion in 2026 at a CAGR of 7.7%.

The industrial controls market is expected to be aided by rapid growth in investments in smart city projects in many countries globally.

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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.

Global Industrial Controls Market Segments Include:

By Control System: Distributed Control System (DCS), Supervisory Control and Data Acquisition System (SCADA), Manufacturing Execution System (MES)

By End-User: Automotive, Utility, Electronics and Semiconductor, Mining, Others

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. Among these regions, Asia Pacific was the largest region in the industrial controls market in 2021.

OEMs are increasingly outsourcing product design and development processes to EMS partners to reduce overall costs and shift from fixed costs to variable costs. Some OEMS are collaborating with EMS partners and moving into new business models such as joint design manufacturing (JDM) and outsourced design manufacturing (ODM).

TBRC’s industrial controls market report covers:

Major Market Players: ABB Ltd, Mitsubishi Electric Factory Automation, Siemens, Honeywell International Incorporation, Emerson Electric Company, Schneider Electric SA, Omron Corporation, Rockwell Automation, Yokogawa Electric Corporation, and Endress+Hauser.

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 (2016-21) and ten years forecast (2022-2026-2031)

The Industrial Controls Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 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, leading competitor revenues, profiles and market shares.

TBRC’s 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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