Industrial Control Systems (ICS) Market Research Report- Forecast 2030

Industrial Control Systems Market, By Control System (SCADA, DCS, Hybrid), Components (HMI, PLC, RTU, SCADA Communication System), Application (Electrical Power, Oil and Gas, Water and Water-waste treatment, Automobile)- Forecast till 2030

ID: MRFR/SEM/0707-HCR | February 2023 | Region: Global | 110 Pages         

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Industrial Control Systems (ICS) Market

Industrial Control Systems (ICS) Market will exhibit a CAGR of 8.60% in the forecast period of 2022-2030 and is expected to reach USD 245.2 Billion by 2030.

Segmentation
By Control Systems Hybrid of SCADA and DCS Distributed Control System (DCS) Supervisory Control and Data Acquisition (SCADA)
By Component Remote Terminal Unit (RTU) Programmable Logic Controller (PLC) Hman-Machine Interface (HMI)
By Application Water-Waste and Water Treatment Automobile Industry Electrical Power Pharmaceutical Industry Oil and Gas
Key Players
Companies Profiled   ABB Ltd (Switzerland)    Schneider Electric (France)    Honeywell International Inc (US)    Siemens AG (Germany)    Rockwell Automation (US)    Omron Co (Japan)    Emerson Electric Co (US).    General Electric Co (US)    Yokogawa Electric Co (Japan)    Alstom (France)
Drivers
Market Driving Forces   Increasing need for industrial software and process automation.    Increasing the demand for modernization    smart grid    and cloud computing
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Industrial Control System Market Overview


The Industrial control system market has been expected to increase at a CAGR of 8.60%, with USD 245.2 billion over 2022-2030.


The transition to industry 4.0 is also expected to improve efficiency and productivity and introduce several changes in the way the industrial processes work. The industrial control system market has extensive demand in multiple industries like automotive, utility, electronics, and semiconductors due to its ability to control the automated process. The rising cost of labour, coupled with the immense pressure on the manufacturers to meet the deadlines, has resulted in the increased adoption of automation in factories. The mechanization of the factories has fueled the market for ICS.


In addition, the quality control issue involved with human error is minimized due to the efficiency, reliability, and faster work rate of the systems. Moreover, the demand for mass production in manufacturing industries fuels the need for industrial controls to cater to the needs of the growing population. However, the absence of talented experts for mechanical security arrangements may halt business development. However, the high execution costs for the Industrial control system market set up confines the development of the industrial control system market sectors worldwide.


COVID 19 Analysis


Both the government in collaboration with the regulatory authorities are embracing new practices that are related to the emerging trends like social distancing and the work from home scenario. The new-found ways of digitally carrying out the transactions are a part of the business continuity plans and are applicable amongst various market players. Also, the Industrial Control Systems Market is witnessing a wide use of BYOD devices, and internet penetration has also increased in sectors like power grids, oil and gas, and manufacturing done by both enterprises, and individuals. The progressive inclination and dependence towards the wide and in-depth use of digital technologies that have been raised from the concepts related to ICS solutions are driving for the development of measures to seek protection from cyber-attacks.


With the rising interest and investments, the ICS security solutions are enabling the organizations to ensure the continuous running of businesses and also help them stay safe from threats related to cybercrime and malicious internet threats during the ongoing forecast period of 2021-2030. Most of the prominent players of the Industrial Control Systems Market are allocating budgets to largely invest in the research and development departments. The main idea behind this is to push the researchers for the development of advanced ICS-security solutions and services that are well equipped to combat the situation in a better, reliable, and advantageous way. 


Market Dynamics


Drivers


Many global governments have established federal policies and laws intending to develop cybersecurity standards and thus, help ICS for mandatory infrastructure. Many regulations and associations like the National Strategy and Actional Plan issued by the Public Safety Canada and European Commission’s EPCIP, NERC, and CIWIN, have been set to enforce the reliability standards and ensure national security as a step to safeguard the country’s critical infrastructure. The US has US DHS and DIACAP which ensure the enhancement in security and also help in the resilience of the physical and cyberinfrastructures belonging to a nation.


Restraints


The implementation of such strategies needs the requirement of a company-wide coverage that ensures smooth and secure operations. This is the factor that pushes for a high infrastructure requirement and thus, the market needs major funds. These are presenting major growth restraints to the Industrial Control Systems Market and barring the market to grow as per the predictions by the end of the forecast period in 2030.


Technology Analysis


Research and development are on the role for the mass introduction and implementation of advanced ICS solutions. Through these plans, the idea is to strengthen the security and safeguard the interests of the owners, government, operators, private entities, and international partners amongst others. Also, the rising demand for cybersecurity is pushing the market players to develop strategies and implement them on a global and expanded production so that the demands of more customers are met and there is the smooth functioning of the supply chain management amongst other providers and customers.


Market Segmentation


The industrial control system (ICS) market has been segregated all across the globe based on the control systems, components, application, and region.


Based on the Control Systems: The Industrial Control Systems Market has been segregated all across the globe based on the control system into a hybrid (a hybrid of SCADA and DCS), distributed control system (DCS), and supervisory control and data acquisition (SCADA).


Based on the Components: The ICS market has been segregated all across the globe based on the components into SCADA communication systems, remote terminal unit (RTU), programmable logic controller (PLC), human-machine interface (HMI), and others (maintenance, remote diagnostic, and control server).


Based on the Application: The ICS market has been segregated all across the globe based on the application into water-waste and water treatment, automobile industry, electrical power (distribution, transmission, and generation), pharmaceutical industry, oil and gas, and others (transportation, defense, and aerospace).


Based on the Region: The ICS market has been segregated all across the globe based on the region into the North American region, European region, Asia-Pacific region, Latin American region, and the Middle East and African region.


Regional Analysis


The industrial control systems market has been segregated all across the globe based on the region into North American region, European region, Asia-Pacific region, Latin American region, and the Middle East and African region. The largest market share in the ICS market all across the globe is held by the North American region owing to increasing demand for reliable and safer automation processes in various sectors like oil and gas, water waste treatment, and others.


The second-largest market share in the ICS market all across the globe is held by the Asia-Pacific region owing to the presence of various highly populated countries like India and China. Moreover increasing the adoption of advanced technology is another contributing factor.


The third-largest market share in the ICS market all across the globe is held by the European region owing to increasing demand for cloud computing, smart grid, and modernization coupled with increasing application of advanced technology in various industries.


The least-market share is held by the Latin American region and the Middle East and African region owing to the presence of low infrastructure in both these regions.


Competitive Landscape


The most prominent major key players in the industrial control system (ICS) market all across the globe are mentioned below:



  • Alstom (France)

  • Yokogawa Electric Co. (Japan)

  • General Electric Co. (US)

  • Emerson Electric Co. (US)

  • Omron Co. (Japan)

  • Rockwell Automation (US)

  • Siemens AG (Germany)

  • Honeywell International Inc. (US)

  • Schneider Electric (France)

  • ABB Ltd. (Switzerland)


These major key players use various strategies to sustain their market position in the industrial control systems (ICS) market in the global market by going for mergers, and acquisitions, collaborating, establishing a partnership, developing a new production process, setting up a new joint venture. Developing a new product line, innovation in the existing product, and many others to expand their customer base in the untapped market of the industrial control systems (ICS) all across the globe.


Recent Developments


Mitr Phol Group of Thailand joined hands with ABB group to help meet its plant reliability and availability goals. ABB will deliver the products that will enable total control of the sugar plants and biomass power plant processes, providing precise operational information.


The industrial control system market is highly fragmented. The market comprises several prominent players, and they dominate the entire industry. All the players are focusing on generating more production work. These key players compete based on innovation, pricing, and service. Expansion in the emerging market helps the established vital players to extend their sales networks.


Report Overview


This global industrial control system (ICS) market research report consists of the following elements are mentioned below:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Technical Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


This Industrial Control Systems Market research report contains factors that drive the growth of the industrial control systems (ICS) market in the global market along with the factors that restrict its growth in the global market. The technical analysis for the growth estimation in the internal control system market during the forecasted period is mentioned. The impact of COVID 19 on the industrial control systems market all across the globe is mentioned. The future growth rate in the industrial control systems (ICS) market during the forecasted period is estimated and mentioned.


Intended Audience


Governments, investors, industrial internet of thing specialists, electronic sensor suppliers, software developers, manufacturers, industrial control system companies, and others.



Report Scope:

Report Attribute/Metric Details
  Market Size   245.2 Billion
  CAGR   8.60%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Control System, Components, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   ABB Ltd (Switzerland), Schneider Electric (France), Honeywell International Inc (US), Siemens AG (Germany), Rockwell Automation (US), Omron Co (Japan), Emerson Electric Co (US)., General Electric Co (US), Yokogawa Electric Co (Japan), Alstom (France)
  Key Market Opportunities

  • Industrial revolution 4.0.
  • The emergence of automation technologies has revolutionized the manufacturing sectors witnessing huge uptake of these technologies.
  •   Key Market Drivers

  • Increasing need for industrial software and process automation.
  • Increasing the demand for modernization, smart grid, and cloud computing


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    Frequently Asked Questions (FAQ) :

    The segments of control systems, components, application and region are expected to inculcate a deeper understanding of the market.

    Rockwell Automation (US), Siemens AG (Germany), Omron Co (Japan) and Emerson Electric Co (US). Ar expected to guide the overall market progress.

    The North American region is expected to be at the vanguard of progress in the impeding forecast period.

    A resilient growth trajectory is expected to implemented by the market in the forthcoming period.

    The deficiency of technical productivity among the professionals in the market are expected to hold back a stronger development of the market.