Industrial Control Systems (ICS) Market to Register a Strong CAGR from 2018-2023 Exhibiting Growth Potential to Acquire Vast Accruals by 2023
Industrial controls systems are advanced factory automations technologies that control the equipment and machines in the industries. The emergence of automation technologies has revolutionized the manufacturing sectors witnessing huge uptake of these technologies. Automation signifies to reduced human intervention, reduced human errors and hence reduced operational cost which is encouraging various industrial units to adopt the control systems. The huge uptake defines the growing market landscape of industrial controls systems.
The latest market evaluation report on the Industrial Control Systems market explores how the Industrial Control Systems market will continue to expand for the forecast period 2027. The study further serves as a unique research for stakeholders, product owners, and field marketing executives looking for actionable data and unique resource on Industrial Control Systems market size, share, and growth. The market intelligence report gives business evangelists an authority to review the major trends, opportunities, and challenges expected to shape the future of the industry during the estimated period. Importantly, the study not only helps spot the major vendors but also their winning strategies. The real-time data accumulated through qualitative and quantitative research technique further help business owners determine where they stand in comparison to their region, country, and product category.
Global Industrial Control Systems Market - Segmentation
MRFR has segmented the analysis into four key dynamics; for better understanding: -
By Control System : Supervisory Control and Data Acquisition (SCADA), Distributed Control System (DCS), and Hybrid (hybrid of SCADA and DCS).
By Components: Human Machine Interface (HMI), Programmable Logic Controller (PLC), Remote Terminal Unit (RTU), SCADA Communication Systems, and others (control server, remote diagnostics & maintenance).
By Application: Electrical Power, Oil & Gas, Water & Waste-water treatment, and Automobile among others (pharmaceutical, aerospace, defence, transportation).
By Regions: North America, Europe, APAC and Rest-of-the-World.
Fervent players driving the market for industrial control systems include Schneider Electric (France), ABB Ltd (Switzerland), Honeywell International Inc (US), Rockwell Automation (US), Siemens AG (Germany), Omron Co (Japan), General Electric Co (US), Emerson Electric Co (US)., Yokogawa Electric Co (Japan), and Alstom (France).