Industrial control systems companies provide solutions for monitoring and controlling industrial processes, including programmable logic controllers (PLCs) and supervisory control and data acquisition (SCADA) systems.
The Competitive Landscape of the Industrial Control Systems Market
Across steel mills humming with robotic precision, refineries pulsing with regulated flow, and power plants generating the lifeblood of cities, a silent conductor orchestrates the symphony of industrial operations – the Industrial Control System (ICS). This dynamic market pulsates with the competitive energy of players vying for control over these digital nerve centers of modern industry. Unveiling the strategies, crucial factors, and overall landscape of this intricate market is vital for navigating its currents and securing a leading position.
Some of the Industrial Control Systems companies listed below:
Strategies Adopted by Leaders:
Critical Factors for Market Share Analysis:
New and Emerging Companies:
Latest Company Updates:
Sept. 26, 2023, Valstone, a leading provider of industrial software and integrated systems, announced its plan to acquire Matrix Industrial Control Systems (Canada), a pioneer in the food industry. This acquisition will expand Valstone's portfolio and open new avenues for growth and collaboration in the food & beverage vertical. The acquisition will enable Valstone to reinforce its commitment to providing comprehensive and industry-specific software solutions.
Sept. 18, 2023, Dragos, a software company, announced raising US$74MN in a Series D round extension to secure industrial control systems from threats. Equity provides Dragos with the most operational flexibility, enabling it to secure the control systems for manufacturing and industrial equipment. The Series D funding extension will bolster Dragos' ability to make industrial cybersecurity more accessible worldwide.
Nov.30, 2021, DNV, the independent assurance and risk management specialist, announced the acquisition of Applied Risk, a leading industrial cyber security specialist. The two companies would join forces to build the world's largest industrial cyber security practice, protecting critical infrastructure in industrial sectors against emergent cyber threats.
Nov.04, 2021, Palo Alto Networks and Siemens announced their partnership to protect their industrial control systems and key infrastructures. The partnership combines the security vendor's VM-Series firewalls with Siemens' Ruggedcom networking and security appliances without compromising security, performance, and the ability to scale. The partnership would also enable customers to extend security policy from IT to critical operational technology to industrial control systems.
Aug.24, 2021, Soracom, Inc., a global provider of advanced IoT connectivity, announced its partnership with Charge Analytics to provide mission-critical cellular IoT connectivity to remote monitoring and control systems. Soracom's technologies are deployed in highly regulated industrial settings such as manufacturing, construction, mining, and chemical production.
The demand for industrial software and process automation solutions has been increasing in recent years due to the need for greater efficiency, reliability, and safety in industrial processes. This has resulted in a growth in the market for Industrial Control Systems (ICS), which are systems used to control and monitor industrial processes. The use of ICS in various industries such as oil and gas, manufacturing, and power generation has been growing, which is driving the growth of the market.
Many governments have established federal policies and laws intending to develop cybersecurity standards and thus, help ICS with mandatory infrastructure. Many regulations and associations like the National Strategy and Actional Plan issued by 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 of security and also help in the resilience of the physical and cyberinfrastructures belonging to a nation. Therefore, such factors related to Industrial Control Systems have enhanced the Industrial Control Systems market CAGR across the globe in recent years.
The Industrial Control Systems market segmentation, based on control systems, includes SCADA, DCS, and Hybrid. The SCADA segment held the majority share in 2021 of the Industrial Control Systems market revenue. The SCADA segment held the largest market share, due to its widespread use in various industrial applications such as monitoring and control of remote assets, real-time data collection and analysis, and process optimization. However, the DCS and Hybrid systems segments are expected to grow in the coming years as more industries adopt these systems for their advanced features and greater operational efficiency.
The Industrial Control Systems market segmentation, based on application, includes Electrical Power, Oil and Gas, Water and Water-waste treatment, and Automobile. The oil and gas segment held the majority share in 2021, due to the increasing demand for automation and control solutions in the exploration, production, and transportation of oil and gas. The Electrical Power segment is also growing due to the need for better monitoring and control of the power generation and distribution process. The Water and Wastewater treatment segment is also expected to grow as more focus is given to environmental sustainability and the need for efficient water management. The Automotive segment is also expected to grow as the industry shifts towards electrification and autonomous vehicles.
Based on components, the Industrial Control Systems market segmentation includes HMI, PLC, RTU, and SCADA Communication Systems. The SCADA communication system segment dominated the market in 2021 as communication is a critical aspect of industrial control systems and the increasing demand for real-time data collection and analysis has boosted the demand for SCADA communication systems. The HMI segment is also growing as more industries adopt user-friendly interfaces for better process monitoring and control. The PLC and RTU segments are also expected to grow as these components play a crucial role in automating industrial processes. These all factors for Industrial Control Systems positively impact market growth.
Figure 2: Industrial Control Systems Market, by Control Systems, 2021 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is the second-largest market for Industrial Control Systems ly and holds a significant market share. The region is witnessing rapid growth due to increasing industrialization and urbanization, particularly in countries like China, India, and Japan. The growing demand for energy and the need for efficient and safe industrial processes are driving the growth of the ICS market in the Asia-Pacific region. The region has a large number of oil and gas companies, power generation companies, and manufacturing industries, which are adopting advanced technologies for process automation and control. The growing investments in infrastructure development and the increasing demand for sustainable energy solutions are also driving the growth of the ICS market in the Asia-Pacific region.
Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Figure 3: INDUSTRIAL CONTROL SYSTEMS MARKET SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe is the third-largest market for Industrial Control Systems ly and holds a significant market share. The region is witnessing growth due to the increasing demand for energy-efficient and safe industrial processes, as well as the growing focus on environmental sustainability. The presence of a large number of oil and gas companies, power generation companies, and manufacturing industries in the region is driving the growth of the ICS market in Europe. The increasing investments in infrastructure development and the adoption of advanced technologies for process automation and control are also contributing to the growth of the ICS market in Europe. The EU's emphasis on reducing carbon emissions and promoting renewable energy solutions is also expected to boost the growth of the ICS market in the region in the coming years. Further, the German Industrial Control Systems market held the largest market share, and the UK Industrial Control Systems market was the fastest-growing market in the European region.
North America is one of the largest markets for Industrial Control Systems and holds a significant market share ly. This is due to the presence of a large number of industrial companies, coupled with the early adoption of advanced technologies in the region. The US is a major contributor to the growth of the ICS market in North America due to the presence of a large number of oil and gas companies, power generation companies, and manufacturing industries. The high investments in the automation of industrial processes and the increasing demand for energy-efficient and safe processes are driving the growth of the ICS market in North America. Moreover, the U.S. Industrial Control Systems market held the largest market share, and the Canada Industrial Control Systems market was the fastest-growing market in the North American region.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Industrial Control Systems market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Industrial Control Systems industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Industrial Control Systems. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Industrial Control Systems industry must offer affordable products.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Industrial Control Systems industry to benefit customers and expand the market sector. The Industrial Control Systems market has recently given medicine some of the most important advantages. Major industrial control system market players, including ABB Ltd, Schneider Electric, Honeywell International Inc, Siemens AG, Rockwell Automation, Omron Co, Emerson Electric Co., General Electric Co, Yokogawa Electric Co, Alstom, and others, are attempting to increase market demand by funding R&D initiatives.
ABB Ltd is a Swiss-Swedish multinational corporation headquartered in Zurich, Switzerland. It was founded in 1988 and is one of the largest engineering companies in the world. ABB provides a range of products and services in the fields of electrification, automation, and digitalization. The company operates in over 100 countries and serves a variety of industries, including utilities, transportation, and manufacturing. ABB's product portfolio includes power products and systems, process automation, robotics and motion, and low-voltage products and systems. The company provides a wide range of services, including engineering, project management, and maintenance, as well as digital solutions such as cloud-based services, cybersecurity, and IoT solutions.
Schneider Electric is a French multinational corporation that provides energy management and automation solutions. The company operates in over 100 countries and serves a variety of industries, including data centers, buildings, infrastructure, and industrial processes. Schneider Electric's product portfolio includes energy management systems, building automation systems, critical power and cooling services, and industrial automation solutions. The company also provides a range of digital solutions, including cloud-based services, software, and IoT solutions.
April 2022 ABB announced the signing of a Memorandum of Understanding (MoU) with Ramboll to jointly pursue new prospects within offshore substations.
March 2021 E Digital announced the launch of CIMPLICITY and Tracker software which are multi-industry HMI/SCADA and MES routing solutions.
Industrial Control Systems Market Highlights:
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