Industrial Controllers Market Research Report - Global Forecast till 2027

Industrial Controllers Market Research Report: by Type (PLC, DCS, SCADA), by Control (ON-OFF Control, Open Loop Control, Feed-Forward Control, Closed-Loop Control), By Application (Automotive, Manufacturing, Oil & Gas, Energy & Utilities, Water & Wastewater, Food Processing & Beverage, Aerospace & Aviation) and by Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2027

ID: MRFR/SEM/7172-HCR | February 2021 | Region: Global | 111 pages         

Industrial Controllers Market

The Global Industrial Controller Market was valued at USD 63.21 Billion in 2018; it is expected to reach USD 128.98 Billion by the end of the forecast period at a CAGR of 11.1%.

Segmentation

By Type PLC DCS SCADA
By Control ON-OFF Control Open Loop Control Feed-Forward Control Closed-Loop Control
By Application Automotive Manufacturing Oil & Gas Energy & Utilities Water & Wastewater Food Processing & Beverage Aerospace & Aviation

Key Players

  • National Instruments
  • Ascon Technologic
  • Siemens AG
  • Schlumberger Ltd.
  • Mitsubishi Electric
  • General Electric
  • Omron Corporation
  • Red Lion Controls
  • B&R Industrial Automation GmbH
  • Schneider Electric
  • ABB Limited
  • Honeywell International
  • Rockwell International
  • Emerson Electric Corporation
  • Belden Inc.

Drivers

  • The demand for automation by manufacturing facilities and similar industries.
  • Increased demand for intelligent and automated manufacturing systems.
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Industrial Controllers Market Overview


The Global Industrial Controller Market was valued at USD 63.21 Billion in 2018; it is expected to reach USD 128.98 Billion by the end of the forecast period at a CAGR of 11.1%. Industrial controllers reduce human intervention and allow industrial facilities to improve product quality, quantity, and reliability while lowering product manufacturing and design costs, thus helping in increasing Industrial Controllers Market Demand. Government initiatives to promote industrial automation, adoption of emerging technologies such as IoT and AI in industrial environments, emphasis on industrial automation and optimum resource utilization, and fiscal policies formulated by regional financial institutions to keep manufacturing facilities afloat amidst the COVID-19 crisis are among the factors Industrial Controllers Market Developments. Various automation equipment, types of machinery, and components make up Industrial Controllers Market Developments. These systems are designed to monitor, regulate, and automate a variety of industrial tasks with high precision, increased product quality, and reliability.


COVID-19 Analysis


COVID-19 will hurt the Industrial Controllers Market in 2020, resulting in lower shipments of industrial control and factory automation components and revenues. As a result, the Industrial Controllers Market Size and Industrial Controllers Market Share trajectory in the first half of 2020 is expected to slow. The Industrial Controllers Market Demand is likely to end in the second half of the year, as demand is expected to rise as people become more concerned about smart automation, energy efficiency, and resource efficiency. The COVID-19 epidemic has had a significant influence on the industrial control and factory automation value chain during the Industrial Controllers Market Forecast. The United States, China, South Korea, and Japan, which have been hit hard by the pandemic, account for a large portion of worldwide industrial control and factory automation manufacturing. Due to the global slowdown, discrete and process sectors are experiencing poor demand, which is projected to continue for the Industrial Controllers Market Analysis.


Market Dynamics


Drivers


The global industrial controllers market is predicted to rise due to increased demand for automation from manufacturing facilities and other industries. Process control functionality is provided by PCs, programmable logic controllers (PLCs), and distributed control systems (DCS) at the automation control level in industrial automation. Multiple servers at various locations in SCADA, PLC, and DCS systems necessitate additional maintenance and management of individual servers, which adds to the investment costs for businesses. The rise of the linked enterprise idea is propelling the worldwide industrial control and factory automation market forward. For improved production activities, efficient information exchange between different units in industries is critical. The use of IoT and IP networks, allows manufacturers to better comprehend the process of converting raw materials into completed commodities. The demand for Industrial Controllers Market is being driven by an increased need for increased productivity as well as the manufacture of high-quality products. The adoption of advanced production systems and processes offered by industrial control and factory automation can meet this requirement.


Restraints


The adoption of the newest automation technologies, such as SCADA, DCS, RTU, PLC, and HMI, is required when establishing a new automated manufacturing plant. SCADA data collecting aids in the reduction of calculation errors while also improving product quality and the efficiency of industrial plants. To build up these manufacturing units, large financial investments in equipment, software, and training are required. Investing such a large quantity is difficult for new entrants who are building their first manufacturing. As a result, before installing industrial control and factory automation systems and solutions, these businesses must conduct a thorough analysis of their return on investment. However, many businesses are unable to replace their existing legacy systems due to the high prices of new and sophisticated technologies, as well as the lack of interoperability with legacy systems. Connecting these legacy systems to current technologies is difficult since they interact through proprietary protocols.


Technology Analysis


As the demand for automation in the industrial sector grows, industrial control systems are being used primarily to automate and control processes. Furthermore, numerous manufacturing industries are concentrating on achieving safe, quick, and efficient production outputs, which increases the demand for industrial automation even higher. Due to the trend of automation and new technical breakthroughs, several businesses are likely to use industrial robots. For companies in the industrial controllers market, the adoption of industrial robotics is projected to provide a growth opportunity.


Segment Overview


The Industrial Controllers Market has been bifurcated into various segments that will help the market to achieve the highest CAGR during the research period and provide a better Industrial Controllers Market Outlook. The Industrial Controllers Market Segments are as follows:


Industrial Controllers Market, By Type



  • Programmable logic control (PLC)

  • Distributed control system (DCS)

  • Supervisory control and data acquisition (SCADA)


Industrial Controllers Market, By Control



  • ON-OFF control

  • Open-loop control

  • Feed-forward control

  • Closed-loop control


Industrial Controllers Market, By Application



  • Automotive

  • Manufacturing

  • Oil & gas

  • Energy & utilities

  • Water & wastewater

  • Food processing & beverage

  • Aerospace & aviation


Industrial Controllers Market, By Region



  • North America

  • Europe

  • Asia-Pacific

  • The Middle East & Africa

  • South America


Regional Classification


During the historic forecast period, North America dominated the industrial controller market, and this trend is projected to continue over the forecast period. Government-favored policies to aid industrial automation and rising demand for intelligent and automated manufacturing systems are two main drivers driving this market's growth. The Asia-Pacific area, on the other hand, is predicted to have the greatest CAGR during the forecast period. Because the construction sector, which is the key end-user of industrial control & factory automation, is increasing at a healthy rate, APAC has been a major contributor to the growth of the industrial control & factory automation market. Usage of industrial automation and factory automation components and systems, such as SCADA, DCS, industrial sensors, and industrial robots, is aided by the expanding population in this region's emerging countries, as well as environmental awareness. The adoption of industrial control and factory automation in the region is being aided by the surge in green building uptake and government measures to regulate energy-efficient practices across the commercial sector.


Competitive Landscape


The presence of many global, regional, and local vendors characterizes the Global Industrial Controller Market. Cost, product quality, reliability, and aftermarket services are all factors that the vendors compete on. To compete and flourish in a fiercely competitive industry, vendors must deliver cost-effective and high-quality technologies. Financial position, segmental R&D expenditure, product developments, corporate strength, product portfolio, strategy analysis, and major innovations in the market are among the elements considered in the market share study. Based on their place of origin, presence, recent key innovations, product diversity, and industry experience, the key players in the industrial controller market are identified across all major regions. Some of the major key players are:



  • National Instruments

  • Ascon Technologic

  • Siemens AG

  • Schlumberger Ltd.

  • Mitsubishi Electric

  • General Electric

  • Omron Corporation

  • Red Lion Controls

  • B&R Industrial Automation GmbH

  • Schneider Electric

  • ABB Limited

  • Honeywell International

  • Rockwell International

  • Emerson Electric Corporation

  • Belden Inc.


Industrial Controllers Market Recent Developments



  • Omron unveiled the sixth generation of factory automation control panels. For further innovation in control panel development, this equipment is created on a shared design platform with unified product requirements. The J7KC, J7TC, J7MC, J7KCA, and J7KCR series low-voltage switching gears, S8V-CP series DC electronic circuit protectors, and PTF-PU series Sockets with Push-In Plus technology are among the 237 models available.

  • Schlumberger Limited and Rockwell Automation, a firm focused on industrial automation and information, formed a joint venture to combine the latter's integrated control and information solutions with the former's oil and gas experience to help customers get the most out of their investments.

  • Rockwell has introduced the Micro800 series of PLCs, which are designed to aid in the optimization of control architecture in big freestanding equipment or systems. The new Micro870 PLC supports smart micro applications and features three plug-ins and eight I/O modules. In addition, the PLC allows for modular programming and user-defined function blocks, which cuts down on design time.


Industrial Controllers Market Report Overview


This report includes an analytical depiction of the worldwide industrial controls industry, as well as current trends and future projections to show potential investment areas. The goal of the entire industrial controls market analysis is to identify profitable trends to obtain a stronger foothold. The document provides information on significant drivers, limits, and opportunities, as well as comprehensive impact analysis. To gauge financial competency, the present industrial controls market projection is statistically examined from 2018 to 2023. The study contains market trends for industrial controls as well as market share for top manufacturers.



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 128.98 Billion
  CAGR   11.1%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Control, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   National Instruments, Ascon Technologic, Siemens AG, Mitsubishi Electric, General Electric, Omron Corporation, Red Lion Controls, B&R Industrial Automation GmbH, Schneider Electric, ABB Limited, Honeywell International, Rockwell International, Emerson Electric Corporation, and Belden Inc
  Key Market Opportunities   The adoption of industrial robotics is expected to offer a growth opportunity for players.
  Key Market Drivers

  • The demand for automation by manufacturing facilities and similar industries.
  • Increased demand for intelligent and automated manufacturing systems.


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    Frequently Asked Questions (FAQ) :

    The Global Industrial Controller Market was valued at USD 63.21 Billion in 2018; it is expected to reach USD 128.98 Billion by the end of the forecast period.

    The market can achieve a growth rate of 11.1% during the review period.

    The demand for automation by manufacturing facilities and similar industries is expected to drive the growth of the global industrial controllers market.

    Several enterprises are expected to adopt industrial robots due to the trend of automation and innovative technological advancements. The adoption of industrial robotics is expected to offer a growth opportunity for players in the industrial controllers market.

    By application, the market has been segmented into automotive, manufacturing, oil & gas, energy & utilities, water & wastewater, food processing & beverage, and aerospace & aviation.