Industrial Controls Market Expected to Reach USD 81 billion in 2021 | Automation.com

Industrial Controls Market Expected to Reach USD 81 billion in 2021

Industrial Controls Market Expected to Reach USD 81 billion in 2021

According to a new market report published by Transparency Market Research Industrial Controls Market - Global Industry Analysis Size Share Growth Trends and Forecast 2015 - 2021, the global Industrial Controls market was valued at USD 58 billion in 2014 and is expected to reach USD 81 billion by 2021, growing at a CAGR of 4.9% from 2015 to 2021.

 

Browse the full Industrial Controls Market report at http://www.transparencymarketresearch.com/industrial-controls-market.html

 

Industrial control systems are defined as network of interconnected equipment. These equipment are used to supervise and control physical equipment in industrial environments. As part of industrial control systems, different control systems are used such as distributed control systems (DCS), supervisory control and data acquisition (SCADA) systems and programmable logic controllers (PLC). These control systems are used for process automation, critical infrastructure automation and remote supervision. SCADA systems are used to acquire data from remote devices such as pumps, transmitters and valves among others. By acquiring data from devices remotely placed and transferring the historian data to master control unit, SCADA system helps operators to control remotely placed devices from a host software platform. DCS systems are connected through networks and this network connection provides the opportunity to control processes distributed across facilities. PLCs are used to automate electromechanical processes such as controlling machinery, controlling factory assembly lines and light fixtures.

 

The increase in need for process automation and remote supervision in manufacturing facilities has fuelled the growth of the industrial controls market. Moreover, growing application of software in industrial control devices is set to increase scalability of SCADA, DCS and PLC systems in industrial environments. For example, integration of PLC software with enterprise resource planning software and manufacturing execution systems is set to increase the efficiency of industrial control process. Furthermore, in developing countries such as China, India and Indonesia, rising investment in industrial infrastructure and process automation projects is set to positively impact industrial controls market during the forecast period. The rising need for SCADA integration for supervisory control in oil & gas, chemical and food and beverage industry is fuelling the overall growth of the industrial controls market. Considering the positive impact of these factors, the global industrial controls market is expected to grow during the forecast period, i.e. 2015 to 2021.

 

The global industrial controls market by type is divided into three segments: Supervisory Control and Data Acquisition (SCADA), Distributed Control System (DCS) and Programmable Logic Controller (PLC). As of 2014, DCS was the largest contributor in the global industrial controls market, accounting for a share of 49.8%. Demand for DCS services is triggered by expansion of industrial architecture projects in developing countries from South and South East Asia. Furthermore, the DCS is widely accepted due to its simplicity and low cost of ownership. Considering the impact of these factors, the demand for DCS is expected to grow during the forecast period.

 

The global industrial controls market with applications is divided into segments: oil & gas, electrical power, manufacturing, water and wastewater management, chemicals, automotive, pharmaceuticals, food & beverages, and others (aerospace, defense and mining & minerals among others). As of 2014, electric power sector was the largest contributor in the global industrial controls market, accounting for a share of 18.3%. Demand for the industrial control product in the electrical power sector is triggered by rising application of SCADA or DCS or PLC products in power plants and utilities.

 

The global Industrial Controls market has been bi-furcated into four different regions: North America, Europe, Asia Pacific and Rest of the World. As of 2014, North America dominated the global industrial controls market, accounting for 33.5% of the share. Demand for the industrial controls market in North America is triggered by rising application of SCADA, DCS and PLC products in oil & gas, chemical and power sector. Furthermore, growing application of PLC products for hydraulic fracturing in oil and gas industry is driving the overall growth of industrial controls markets in North America.

 

Browse the full Industrial Controls Market Press Release report at     http://www.transparencymarketresearch.com/pressrelease/industrial-controls-market.htm

 

Some of the leading players in the global industrial controls market are Siemens AG (Germany), ABB Ltd (Switzerland), Omron Corp (Japan), Emerson Electric Co (U.S.), Rockwell Automation, Inc. (U.S.), Honeywell International, Inc (U.S.), Alstom SA (France), Omron Corp (Japan), General Electric Co (U.S.), Yokogawa Electric Corporation (Japan) and Schneider Electric SE (France) among others. The report provides estimates in terms of revenue (USD Billion) from 2015 to 2021. Competitive analysis of various market segments based on the types and applications and in-depth scrutiny of the industrial controls market across different geographic segments falls under the scope of the report. In addition, based on components, the global SCADA (as part of industrial controls) market has also been segmented into Programmable Logic Controller (PLC), SCADA Communication System, Human Machine Interface (HMI), Remote Terminal Unit (RTU) and others.

 

The industrial controls market is segmented as below:

Global industrial controls market, by Types

Supervisory Control And Data Acquisition (SCADA)

Distributed Control System (DCS)

Programmable Logic Controller (PLC)

Global SCADA market, by Components:

Human Machine Interface (HMI)

Programmable Logic Controller (PLC)

Remote Terminal Unit (RTU)

SCADA Communication Systems

Others

Global industrial controls market, by Applications:

Electrical Power

Chemicals

Oil & Gas

Food and Beverages

Manufacturing

Automotive

Pharmaceutical

Water and Waste Water Management

Others (Aerospace, Defense, Mining, and Materials)

Global industrial controls market, by Geography:

North America

U.S.

Canada

Mexico

Europe

United Kingdom

Germany

France

Italy

Rest of Europe

Asia Pacific

China

India

Japan

Taiwan

South Korea

Rest of Asia Pacific

Rest of the World (ROW)

Middle East

Africa

South America

 

Get Sample Report Copy at -                 http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4886

 

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