Industrial Control Systems (ICS) Market 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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Market 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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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.
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.
Industry Updates
March 2021- White House is creating a plan for securing industrial control systems.
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