Global Industrial Controllers Market to Reach USD 233.49 Billion by 2031 | CAGR of 6.3%
Category : Semiconductor And Electronics | Published Date : Jun 2024 | Type : Press Release
Industrial Controllers Market Scope & Overview :
An Industrial Controller is an electronic device that efficiently controls, manages, and monitors various equipment, machinery, processes, and functions. It also helps to implement predefined tasks, enhance productivity, increase energy efficiency, and control functions among others.
Consegic Business Intelligence analyzes that the Global Industrial Controllers Market size was valued at USD 138.25 Billion in 2022, projected to grow by USD 143.69 Billion in 2023, and is expected to register a CAGR of 6.3% to reach USD 233.49 Billion by 2031.
This report comprises Industrial Controllers Market Share, Size & Industry Analysis, By Type (Programmable Logic Controller (PLC), Computerized Numerical Controller (CNC), Distributed Control System (DCS), Programmable Automation Controller (PAC), Supervisory Control and Data Acquisition System (SCADA), Industrial Automation and Control System (IACS), and Human-Machine Interface (HMI)), By Control (Open Loop Control, Closed Loop Control, ON-OFF Control, Feedforward Control, and Feedback Control), By Application (Pumping and Ventilation, Electrical Charging, Waste Water Management, Assembling and Filling, Smart Grid, and Others), By End-User (Food Processing & Beverages, Automotive, Manufacturing, Transportation, Energy & Utilities, Oil & Gas, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa), and Forecast, 2023-2031.
This report contains detailed information on Industrial Controllers Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
As per the report analysis, increasing industrial automation is driving the industrial controllers market growth. The controllers when integrated with Industry 4.0 help to predict maintenance requirements, reducing downtime and costings.
Segmental Analysis :
The Industrial Controllers Market is segmented based on type, control, application, end-user, and region.
Based on type, the market is divided into Programmable Logic Controller (PLC), Computerized Numerical Controller (CNC), Distributed Control System (DCS), Programmable Automation Controller (PAC), Supervisory Control and Data Acquisition System (SCADA), Industrial Automation and Control System (IACS), and Human-Machine Interface (HMI).
- The PLC segment accounted for the highest market share in 2022, as they offer diagnostic capabilities, log data, track performance, provide alerts, enable timely maintenance, and reduce downtime.
- During the forecasted period, the DCS segment is expected to witness the fastest CAGR due to their usage in industrial automation for enhanced control, cost savings, and efficiency.
Based on control, the market is categorized into Open Loop Control, Closed Loop Control, ON-OFF Control, Feedforward Control, and Feedback Control.
- In 2022, the ON-OFF control segment contributed the highest 34.71% to the total market share, as it can withstand harsh environments, is simple and cost-effective.
- Over the forecasted period, the closed-loop control segment is anticipated to register the fastest CAGR as it continuously monitors and adjusts the control output in response to changing conditions that lead to rising demand in several industries.
Based on application, the market is segregated into pumping and ventilation, electrical charging, wastewater management, assembling and filling, smart grid, and others.
- The smart grid accounted for the largest market share in 2022, due to its use to monitor and coordinate the operations of distributed energy resources.
- The electrical charging segment is expected to witness the fastest CAGR from 2023 to 2031, as the controllers manage the operation of the charging station including managing safety functions, availability of charging ports, and payment processing, among others.
Based on end-user, the market is segregated into food processing & beverages, automotive, manufacturing, transportation, energy & utilities, oil & gas, and others.
- In 2022, the manufacturing segment accounted for the highest market share as it involves continuous monitoring and controlling of the complex processes.
- Over the forecasted period, the automotive sector is anticipated to register the fastest CAGR due to the need for controllers in electric vehicles to monitor battery health, charge, and balance cells.
By region, the market is segregated into regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
- In 2022, the North American region was valued at USD 50.57 Billion and is anticipated to reach over USD 85.41 Billion by 2031, due to a rise in advanced manufacturing industries in this region.
- The Asia-Pacific region was valued at USD 33.86 Billion in 2022 and is predicted to grow at the highest CAGR of 6.7% to reach over USD 59.49 Billion by 2031. The expanding manufacturing and infrastructure industries are driving the industrial controllers market growth in this region.
| Report Attributes | Report Details |
| By Type | Programmable Logic Controller (PLC), Computerized Numerical Controller (CNC), Distributed Control System (DCS), Programmable Automation Controller (PAC), Supervisory Control and Data Acquisition System (SCADA), Industrial Automation and Control System (IACS), and Human-Machine Interface (HMI) |
| By Control | Open Loop Control, Closed Loop Control, ON-OFF Control, Feedforward Control, and Feedback Control |
| By Application | Pumping and Ventilation, Electrical Charging, Waste Water Management, Assembling and Filling, Smart Grid, and Others |
| By End-User | Food Processing & Beverages, Automotive, Manufacturing, Transportation, Energy & Utilities, Oil & Gas, and Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. Additionally, this report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the RF GaN (Radio-Frequency Gallium Nitride) Industry :
- NATIONAL INSTRUMENTS CORP
- Ascon Tecnologic S.r.l.
- Schneider Electric
- ABB
- Honeywell International Inc.
- Siemens AG
- Mitsubishi Electric Corporation
- Emerson Electric Co.
- GE Electric
- Red Lion (Spectris)
Recent Industry Developments :
- Emerson Electric Co. launched PACSystems RSTi-EP CPE 200 in May 2022, a Programmable Automation Controller (PAC) to support analytics and give end users a competitive advantage through increased efficiency, speed, and quality.
