Global 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 2027

Market synopsis

Industrial control system (ICS) is an assembly of systems, industrial devices, networks, and industrial controls are used to automate and operate the industrial processes. ICS is an integration of hardware and software facilitated with network connectivity to support the essential systems, assets, and processes. Industrial control systems are primarily used in the power generation, transmission, and distribution to collect and analyze the data for the proper functioning of systems and processes.

The emergence of the Internet of Things (IoT) is driving several industries to adopt the advantages of Internet connectivity which enhances the use of smart-grids and smart manufacturing. However, enterprises are adopting IoT as Internet connectivity reduces the number of on-site workers, to monitor the condition of machinery which further reduces cost.

Industrial control system market is expected to grow as there is an increasing need for industrial software and process automation which drives market growth as industries are becoming more efficient and saving time.

Industrial control systems are adopting new technologies and software to improve the overall functionality of the system. However, industries are facing security challenges related to emerging technologies such as Internet of Things (IoT), and cloud computing due to the increasing frequency of cyber-attacks on ICS organizations. Such attacks affect the critical infrastructure, for instance, WannaCry’s attack affected UK’s National Health Service, Shamoon cyber-attack on Saudi Aramco wiped thousands of computer hard drives, which is a major threat to the industrial control system market.

There is growing demand for automation of processes in the industrial control system application segment. The automation is achieved by integrating the mechanical devices with computers which results in reduction in cost, high production rate, and wastage reduction.

Industrial control system market provides protection to the industrial sectors like, electrical power (generation, transmission and distribution), oil and gas, pharmaceuticals, chemical, water, and water treatment, from the Stuxnet ( a computer worm which attacks SCADA systems), Duqu ( a computer malware similar to Stuxnet).

Segmentation

By control systems, the market is segmented into supervisory control and data acquisition (SCADA), distributed control system (DCS), and hybrid (hybrid of SCADA and DCS).

By components, the market is segmented into human-machine interface (HMI), programmable logic controller (PLC), remote terminal unit (RTU), SCADA communication systems, and others (control server, remote diagnostics & maintenance).

By application, the market is segmented into electrical power (generation, transmission, and distribution), oil and gas, Pharmaceutical industry, automobile industry, water and water-waste treatment, and others (aerospace, defense, transportation). 

By region, the market is segmented into North America, Asia-Pacific, Europe, and the rest of the world.

Regional analysis

The global market for Industrial control system is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of Industrial control system market is studied for North America, Europe, Asia-Pacific, and the rest of the world.

North America is expected to dominate the industrial control system market as there is an increase in demand for safer and reliable process automation in various sectors such as utilities, transportation, water, and water-waste treatment, oil and gas and others. The growth in Asia-Pacific region is expected due to the adoption of new technologies such as IoT in the manufacturing and application of industry 4.0 concept. Whereas increase in the demand for modernization, smart grid, and cloud computing are expected to drive the growth of the European market. 

Key players

The prominent players in the Industrial control system market are 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)

Intended Audience

• Industrial control system companies


• Manufacturers


• Software developers


• Electronic Sensor suppliers


• Industrial Internet of Thing specialist


• Investors


• Governments

Frequently Asked Questions (FAQ) :

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