Industrial Controls Global Market Report 2023 – By Industrial Controls Global Market Report 2023 – By Control system (Distributed Control System, Supervisory Control and Data Acquisition System, Manufacturing Execution System), By End User (Automotive, Utility, Electronics and Semiconductor, Mining, Other End Users), By Component (Modular Terminal Block, Relays and Optocouplers, Surge Protectors, Marking Systems, Printing, Ferulles Cable Lugs, Handtools, Testers, Enclosure Products, PCB Connetors and Terminals, Heavy Duty Connectors, Analog Signal Conditioner, Electronics Housings, Power Supplies, Industrial Ethernet, Remote IO) – Market Size, Trends, And Global Forecast 2023-2032 ...(expand)

Industrial control refers to electronic control systems that can control, monitor, and automate industrial processes with high precision, improved product quality, and reliability. For further insights on the industrial controls market, request a sample here

The industrial controls market growth is aided by rapid growth in investments in smart city projects in many countries globally. However, some industrial controls market restraints include malicious cyber-attacks due to a lack of security in industrial infrastructure. For further insights on the industrial controls market, request a sample here

The industrial controls market is expected to reach $179.89 billion in 2027 at a rate of 5.4%. For further insights on the industrial controls market, request a sample here

The global industrial controls market is segmented as
1) By Control system: Distributed Control System (DCS), Supervisory Control & Data Acquisition System (SCADA), Manufacturing Execution System (MES)
2) By End User: Automotive, Utility, Electronics & Semiconductor, Mining, Other End Users
3) By Component: Modular Terminal Block, Relays and Optocouplers, Surge Protectors, Marking Systems, Printing, Ferulles Cable Lugs, Handtools, Testers, Enclosure Products, PCB Connetors and Terminals, Heavy Duty Connectors, Analog Signal Conditioner, Electronics Housings, Power Supplies, Industrial Ethernet, Remote IO
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Asia-Pacific was the largest region in the industrial controls market in 2022. For detailed insights on the largest region's market size and growth rate, request a sample here.

Key competitors in the industrial controls market are, ABB Ltd, Mitsubishi Electric Factory Automation, Siemens, Honeywell International Incorporation, Emerson Electric Company, Schneider Electric SA, Omron Corporation, Rockwell Automation, Yokogawa Electric Corporation, Endress+Hauser, WIKA, Azbil, Fuji Electric, 3D Systems, HP, FANUC, STRATASYS, Progea, Hitachi, Vega, Danfoss, Tegan Innovations , Krohne, Chaos Prime, Dwyer. For further insights on the industrial controls market, request a sample here.

Major trends influencing the industrial controls market include increasingly outsourcing product design and development processes to EMS partners to reduce overall costs and shift from fixed costs to variable costs. Some OEMs are collaborating with EMS partners and moving into new business models such as joint design manufacturing (JDM) and outsourced design manufacturing (ODM). JDM model is further divided into high touch JDM and low touch JDM. ODM model focuses on qualification and system integration testing, thus indicating a shift in the industrial controls manufacturing process. For further insights on the industrial controls market, request a sample here.

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For detailed insights on industrial controls market's relation to the overall economy and other similar markets, request a sample here.

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For detailed insights on the key dynamics influencing the industrial controls market growth and SWOT analysis of the industrial controls industry, request a sample here.