Industrial Control Systems (ICS) Segmentation
The MRFR report throws light on an inclusive segmental analysis
of the global industrial control systems market based on application,
components, and control systems.
·
By control systems, the global industrial control
systems market is segmented into hybrid (hybrid of DCS and SCADA), distributed
control system (DCS), and supervisory control and data acquisition
(SCADA).
·
By components, the global industrial control systems
market is segmented into SCADA communication systems, remote terminal unit
(RTU), programmable logic controller (PLC), human machine interface (HMI), and
others (remote diagnostics and maintenance, control server).
·
By application, the global industrial control
systems market is segmented into water and water-waste treatment, automobile
industry, pharmaceutical industry, oil and gas, electrical power (distribution,
transmission, and generation), and others (transportation, defense, and
aerospace).
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Industrial Control
Systems (ICS) Key Players
The prominent
players profiled in the global industrial control systems market report include
Alstom (France), Yokogawa Electric Co (Japan), General Electric Co (US),
Emerson Electric Co (US)., Omron Co (Japan), Rockwell Automation (US), Siemens
AG (Germany), Honeywell International Inc (US), Schneider Electric (France),
and ABB Ltd (Switzerland), among others.
The industrial
control systems market is fragmented and competitive with the presence of
several international and domestic market players. These players have
incorporated several strategies to stay at the forefront and also cater to the
customers growing needs, such as contracts, collaborations, joint ventures, and
partnerships, and others. Besides, they are also investing in research and
development activities to strengthen their portfolios and also create hold in
the market.
Industrial Control
Systems (ICS) Analysis
The global
industrial control systems market size will develop at a healthy CAGR between
2018- 2023 (forecast period), as per the new Market Research Future (MRFR)
analysis. Industrial control systems or ICS, simply put, is an assembly of
industrial control, networks, industrial devices, and systems that are used for
automating and operating the industrial processes. It is an integration of
software and hardware facilitated with network connectivity for supporting the
essential systems, processes, and assets.
Various factors are
fuelling the global industrial control systems market growth. According to the
recent MRFR market estimates, such factors include the emergence of IoT,
growing need for industrial software and process automation, rising number of
sophisticated cyber-attacks on ICS systems, and the burgeoning need for
compliance with different upcoming regulations.
On the flip side,
high procurement costs, impact of the COVID-19 pandemic, and lack of technical
efficiency may impede the global industrial control systems (ICS) market
growth.
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Industrial Control
Systems (ICS) Regional Analysis
The
Industrial control system Market divides into different regional markets based
on revenue and application. The major regional markets for the Industrial
control system Market are North America, Asia Pacific, Europe, Latin America,
the Middle East, and Africa. The sector's leading regional market in North
America has the largest share of revenue and significant players. The need for
a reliable, speedy, and safe automation process makes the region a well of
opportunities. The leading market is followed by the Asia Pacific region and
then by the European region.
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