PUBLISHER: Market Research Future | PRODUCT CODE: 1513530
PUBLISHER: Market Research Future | PRODUCT CODE: 1513530
Global Industrial Controllers Market Research Report Information By Type (Programmable Logic Controllers (PLC), Distributed Control Systems (DCS), Supervisory Control and Data Acquisition (Scada), and Programmable Automation Controllers (PAC)), By Control (On-Off Control, Open Loop Control, Closed-Loop Control and Feed-Forward Control), By Application (Automotive, Manufacturing, Oil & Gas, Energy & Utilities, Water & Wastewater, Food Processing & Beverage, Aerospace & Aviation, and Others) And By Region (North America, Europe, Asia-Pacific, And Rest of the World)- Industry Forecast to 2030
During the forecast period, the Industrial Controllers market industry is anticipated to experience a compound annual growth rate (CAGR) of 6.02%. The Industrial Controllers market is being driven by the significant market drivers of the increasing cost of labor and the significant pressure on businesses to meet deadlines.
The industrial sector is increasingly relying on artificial intelligence (AI) and machine learning (ML), particularly in process control systems. These technologies enable enhanced automation and process optimization, which in turn increases output, reduces costs, and enhances safety. AI and machine learning have the potential to significantly influence PLC-based process control systems (PLCs).
In the industrial sector, PLCs are frequently employed to automate and manage a diverse array of activities. They are well-suited for industrial applications due to their durability and dependability. Conversely, conventional PLCs lack the capacity to adapt to and learn from the process for which they are accountable. This is where artificial intelligence and machine learning are beneficial. By incorporating these technologies into PLC-based process control systems, manufacturers can enhance automation and process optimization.
Another application of AI and ML in PLC-based process control systems is the real-time detection of anomalies. An anomaly detection technique is a method for identifying abnormal or unexpected behavior within a system. This is particularly important in industrial environments, as it may indicate a process issue, such as an inadvertent process configuration or malfunctioning apparatus. AI and ML systems are capable of identifying anomalies in real-time sensor data, thereby notifying operators of potential issues. This enables immediate corrective action, thereby reducing the probability of interruption and improving overall production.
Market Segment Insights
The Industrial Controllers Market segmentation is based on type and comprises programmable logic controllers (PLC), distributed control systems (DCS), supervisory control and data acquisition (Scada), and programmable automation controllers (PAC).
The Industrial Controllers Market segmentation is based on the control type: on-off control, open loop control, closed loop control, and feed-forward control.
Automotive, manufacturing, oil & gas, energy & utilities, water & wastewater, food processing & beverage, aerospace & aviation, and others comprise the Industrial Controllers Market segmentation, which is based on end-user.
Regional Perspectives
The study offers market insights into North America, Europe, Asia-Pacific, and the Rest of the World by region. In 2022, the Asia Pacific Industrial Controllers market comprised approximately 43% of the total. During the study period, it is anticipated that there will be a substantial increase in the compound annual growth rate (CAGR). The increasing demand for industrial controllers in the region is primarily driven by the increasing necessity for operational efficiency, enhanced production processes, and superior quality control. China is a significant market for industrial controllers in the Asia-Pacific region, accounting for a substantial portion of the market. Automation technologies have been implemented in numerous industries as a result of the substantial expansion of the manufacturing sector in the country. In a multitude of sectors, such as energy, transportation, water, and municipal services, the industrial control system has emerged in China.
The second-largest market share is attributed to North America. Rockwell Automation, Honeywell, Siemens, and ABB are among the several prominent industrial automation companies in the region, each of which has a substantial market presence. The market is being driven by the growing demand for automation in a variety of industries, including automotive, food and beverage, chemicals, and pharmaceuticals. The adoption of industrial controllers in these industries is being driven by the necessity for cost-effective and efficient manufacturing processes.
The Industrial Controllers Market in Europe is anticipated to experience the most rapid growth rate between 2022 and 2032. The COVID-19 pandemic has necessitated a reevaluation of the traditional production processes of a variety of manufacturing industries, primarily driven by the adoption of digital transformation and smart manufacturing practices across production lines. Additionally, manufacturers are required to develop and execute numerous innovative and adaptable quality control and product monitoring strategies. Machine-to-machine (M2M) and Internet of Things (IoT) technologies are becoming more critical in the reduction of manufacturing costs.
National Instruments Corporation, Ascon Tecnologic, Siemens AG, Mitsubishi Electric, General Electric, Omron Corporation, Red Lion Controls (spectris plc), Schneider Electric, Abb Limited, Honeywell International Inc., Rockwell Automation, Emerson Electric Corporation, Yokogawa Electric Corporation, and Kawasaki Heavy Industries, Ltd. are among the key companies in the Industrial Controllers market.