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Industrial Controls Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Industrial Controls Market: By Components (IT and OT, Programmable Logic Controller (PLC), Remote Thermal Unit (RTU), Control Loop, Industrial Automation and Control System (IACS), Programmable Automation Controller (PAC), Human Machine Interface (HMI), Master Thermal Unit (MTU) and Intelligent Electronic Device (IED)); Type (Supervisory Control and Data Acquisition (SCADA), Distributed Control Systems (DCS), Process Control System, Safety Instrumented System and Energy Management System); Network Component (Fieldbus, Communication Router, Firewall, MODEMS and Remote Access Points); End User (Oil and Gas, Chemical, Pharmaceutical, Food and Beverage, Medical Device, Automotive Aerospace and Defense and Others); and Region—Industry Dynamics, Market Size and Opportunity Forecast,2023- 2031

  • Published Date: Mar-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0522237  | Delivery: 2 to 4 Hours
Industrial Controls Market

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Market Size Value in 2022US$ 212.3 Billion
Expected Revenue in 2031US$ 341.8 Billion
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Bn)
Segments coveredBy Components, By Type, By Network, By End-User, By Region 
Key Companies                                                                                                                                         ABB Ltd. , Emerson Electric Co., Endress+Hauser AG , General Electric , Honeywell International Inc. , Mitsubishi Electric Corp. , Omron Corporation, Rockwell Automation Inc., Schneider Electric SE , Siemens AG , Yokogawa Electric Corporation, Other Prominent Players
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Industrial control system (ICS) is a collective term which is used to describe different types of control systems and associated instrumentation, including devices, systems, networks, and controls used to operate or automate industrial processes.

Industrial control systems (ICSs) are used for various kinds of social infrastructure, in order to maintain and perform various industrial tasks with high precision and reliability.

Controllers, software applications, field devices and communications devices are the different elements of industrial control.

The most common type of ICSs are Supervisory Control and Data Acquisition (SCADA) systems and Distributed Control Systems (DCS).

The growth rate of the global industrial control market is 5.5%, with an estimated value of US$ 341.8 Billion by 2031. 

Europe held the major share in terms of revenue, in the global industrial controls market in 2022. 

Factors such as increasing focus on smart factories and rising demand for mass production drive the growth in the global industrial controls market.

Vulnerability of industrial controls to cyber attacks is a restraining factor that inhibits the market growth during the forecast period.

The Industrial Automation and Control System (IACS) segment is expected to project the highest CAGR over the forecast period.

Increase in adoption of edge computing in manufacturing sector provides a lucrative growth trend in the industrial control market.

The industrial control market has been significantly impacted by the COVID-19 outbreak as production facilities of major sectors like automobile, electronics, food & beverage etc. were shut down.

Components, type, network component and end user are the segments to invest in over the assessment period in the global industrial controls market.

Emerson Electric Co., Endress+Hauser AG, Honeywell International Inc., Mitsubishi Electric Corp., Omron Corporation, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, Yokogawa Electric Corporation, GE Digital and ABB Ltd (ABB Ability) among others.