The global industrial controls market size is expected to grow from $128.56 billion in 2021 to $141.47 billion in 2022 at a compound annual growth rate (CAGR) of 10.0%.The growth in the industrial controls market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The industrial control market is expected to reach $190.69 billion in 2026 at a CAGR of 7.7%.
What is the Global Industrial Controls Market?
The industrial controls market consists of sales of different types of control systems and related instrumentation. Industrial control systems (ICS) include networks, devices and systems used to operate and/or automate industrial processes.
Get a Sample of the global industrial controls market report
https://www.thebusinessresearchcompany.com/sample.aspx?id=2649&type=smp
What drives the Global Industrial Controls Market?
The industrial controls market is expected to be aided by rapid growth in investments in smart city projects in many countries globally. Industrial controls are being designed using artificial intelligence (AI) and internet of things (IoT) that can support energy, telecommunications, surveillance and other services. Smart city technologies are integrated with electrical and electronic components, thereby benefitting the companies operating in this industrial controls market. The concept of smart cities is also increasingly being adopted in developing nations. For instance, more than 1,000 smart city pilot projects are either ready for or are under construction globally and around 500 of these projects are in China.
Get the full global industrial controls industry report here
https://www.thebusinessresearchcompany.com/report/industrial-controls-global-market-report
Global Industrial Controls Market Segments
The global industrial controls market is segmented:
By Control System: Distributed Control System (DCS), Supervisory Control and Data Acquisition System (SCADA), Manufacturing Execution System (MES)
By End-User: Automotive, Utility, Electronics and Semiconductor, Mining, Others
By Component: Modular Terminal Block, Relays and Optocouplers, Surge Protectors, Marking Systems, Printing, Ferulles Cable Lugs, Handtools, Testers, Enclosure Products, PCB Connectors and Terminals, Heavy Duty Connectors, Analog Signal Conditioner, Electronics Housings, Power Supplies, Industrial Ethernet, Remote IO
By Geography: The regions covered in the industrial controls market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Industrial Controls Global Market Report 2022 provides market size and growth forecasts for the global industrial controls market, global industrial controls market share, industrial controls market segments and geographies, industrial controls market competitive landscape including leading competitors’ revenues, profiles and industrial controls market shares. The industrial controls market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Industrial Controls Industry Players include ABB Ltd, Mitsubishi Electric Factory Automation, Siemens, Honeywell International Incorporation, Emerson Electric Company, Schneider Electric SA, Omron Corporation, Rockwell Automation, Yokogawa Electric Corporation, and Endress+Hauser. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
