The global industrial control for process automation market size is projected to register a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growing use of technological innovations in production, increasing adoption of industrial robots in the manufacturing industry propelled by robotic arms, linked enterprise alongside bulk production to meet growing population demands.
The use of control systems, including robots or computers, and information and technology for managing various methods and equipment in the industry to substitute a human being is known as industrial automation. It is the next stage in the industrialization process after mechanization.
An industrial control system (ICS) is made up of a variety of control systems, including electrical, hydraulic, mechanical, and pneumatic components, that work together to build a certain industrial goal (e.g., manufacturing, transportation of matter, or energy). The description of the expected outcome or performance is an element of the system's control. Control can be completely automated or have a human component. The systems can be set up to work in open-loop, closed-loop, or controlled manually. In industrial uses, there is an increasing demand for automation and tailored service solutions, which necessitates the use of industrial control solutions.
Industrial Control for Process Automation Market Trends, Drivers, Restraints, and Opportunities
- Increasing expense of labor, along with the enormous strain on businesses to fulfill timelines, has led to a rise in factory automation, which is expected to fuel the market growth in the coming years.
- Automation is serving as a driver for industrial control systems, is encouraging the acceptance of automation, which is working as a fuel for increased quality and reduced production price when contrast to the traditional manufacturing process is projected to spur the market expansion during the forecast period.
- Government initiatives to promote industrial automation acceptance in multiple industries are a key factor propelling the market growth in the coming years.
- Expense of training personnel on how to utilize the more advanced technology, which can be too expensive for some small & mid-sized end-users is expected to impede the market growth.
- Transition from an assembly line to an automated manufacturing line is anticipated to support a significant initial expenditure which is estimated to restrict the market expansion.
Scope of Industrial Control for Process Automation Market Report
The report on the global industrial control for process automation market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
Industrial Control for Process Automation Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2020
|
|
Historic Data
|
2018–2019
|
|
Forecast Period
|
2021–2028
|
|
Segmentation
|
Systems (Product Lifecycle Management (PLM), Distributed Control System (DCS), and Supervisory Control and Data Acquisition (SCADA), Human Machine Interface (HMI), Programmable Logic Controller (PLC), Enterprise Resource Planning (ERP), Machine Execution System (MES), and Others), Applications (Chemical and Petrochemical, Metals and Mining, Pulp and Paper, Water and Wastewater, Food and Beverage, Power, Oil & Gas, and Others)
|
|
Regional Scope
|
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
General Electric Co.; Mitsubishi Electric Corporation; GLC Controls Inc.; Yokogawa Electric Corporation; Honeywell International Inc.; Rockwell Automation Inc.; Omron Corporation; Emerson Electric Co.; ABB Limited; Siemens AG; and Schneider Electric SE
|
Industrial Control for Process Automation Market Segment Insights
Human Machine Interface (HMI) segment is projected to account for a major market share
Based on systems, the global industrial control for process automation market is divided into product lifecycle management (PLM), distributed control system (DCS), and supervisory control and data acquisition (SCADA), human-machine interface (HMI), programmable logic controller (PLC), enterprise resource planning (ERP), machine execution system (MES), and others.
The human-machine interface (HMI) segment is expected to represent a key share of the market in the coming years by digitizing and centralizing data for a user, HMIs are utilized to optimize manufacturing processes. Operators can monitor vital data in charts, graphs, or digital dashboards, examine and handle alerts, and interface with SCADA and MES systems all from a single platform using HMI.
Pulp and paper segment is expected to grow at a significant pace
On the basis of applications, the market is segmented into chemical and petrochemical, metals and mining, pulp and paper, water and wastewater, food and beverage, power, oil & gas, and others. The pulp and paper segment is expected to constitute a key share of the market during the forecast period owing to process automation is also referred to as the first level of automation since it provides for constant and real-time data collection, allowing the sector to use these technologies for data visualization and predictive plant maintenance.
The turning of wood into papers takes several processes in the paper and pulp sector. Wood preparation, whitening, and chemicals recovery all demand a high utilization of raw resources, that can be easily regulated with automation. Owing to the presence of barriers in manufacturing, the sector is also experiencing a shortage. The biggest barrier is a typical human operator, who can only produce roughly 50 rolls per hour. Process automation can increase production.
Asia Pacific is anticipated to dominate the market
On the basis of regions, the market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to many government efforts in developing economies support automation-based solutions for efficient industrial output. Industrial control systems are becoming more widely used in countries such as South Korea, Indonesia, and China, as well as other growing economies throughout the world.
Furthermore, China is pursuing novel industrial processes through the implementation of automation technology in the manufacturing sector. In addition, research organizations and businesses are working together to improve China's industrial processes. Smart factories for producing robots, wireless technologies, sensors, and machine vision systems are being developed by firms including Toyota (Japan), Honda (Japan), and Suzuki (Japan), accelerating the expansion of the industrial control for process automation market in Japan.
Segments
The global industrial control for process automation market has been segmented based on
Systems
- Product Lifecycle Management (PLM)
- Distributed Control System (DCS)
- Supervisory Control and Data Acquisition (SCADA)
- Human Machine Interface (HMI)
- Programmable Logic Controller (PLC)
- Enterprise Resource Planning (ERP)
- Machine Execution System (MES)
- Others
Applications
- Chemical and Petrochemical
- Metals and Mining
- Pulp and Paper
- Water and Wastewater
- Food and Beverage
- Power
- Oil & Gas
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global industrial control for process automation market are General Electric Co., Mitsubishi Electric Corporation; GLC Controls Inc.; Yokogawa Electric Corporation; Honeywell International Inc.; Rockwell Automation Inc.; Omron Corporation; Emerson Electric Co.; ABB Limited; Siemens AG; and Schneider Electric SE. Some of these players are adopting several business strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares.
Request For Customization
Enquiry Before Buying
Speak With Analyst
