Global Industrial Controls Market Size
Electrical And Electronics Manufacturing

Global Industrial Controls Market Size, Drivers, Trends, Opportunities And Strategies – Includes Industrial Controls Market Size

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

The growth of manufacturing industries, especially in developing economies are expected to drive innovation in industrial controls manufacturing, thus driving the market during the forecast period.

 

The global industrial controls market is expected to grow from $136.82 billion in 2022 to $145.76 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The global industrial controls market size is expected to grow to $179.89 billion in 2027 at a CAGR of 5.4%.

 

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Global Industrial Controls Market Segments Include:

  • By Control system: Distributed Control System (DCS), Supervisory Control & Data Acquisition System (SCADA), Manufacturing Execution System (MES)
  • By End User: Automotive, Utility, Electronics & Semiconductor, Mining, Other End Users
  • 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 is the largest region in the global industrial controls market in 2021.

 

Major Market Players in the industrial controls market include ABB Ltd., Mitsubishi Electric Factory Automation, Siemens, Honeywell International Incorporation, Emerson Electric Company, Schneider Electric SA.

 

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). JDM model is further divided into high touch JDM and low touch JDM. ODM model focuses on qualification and system integration testing, thus indicating a shift in the industrial controls manufacturing process.

 

The Industrial Controls Global Market Report 2023  provides a industrial controls market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The industrial controls market forecast analyzes industrial controls market size, industrial controls market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

 

Industrial control refers to electronic control systems that can control, monitor, and automate industrial processes with high precision, improved product quality, and reliability.

 

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