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. 

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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. 

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. 

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). 

Regional Analysis 

By region, the global industrial control systems market covers the growth opportunity and recent trends across Europe, the Asia Pacific (APAC), North America, and the Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. Increasing need for reliable and safer process automation in different sectors like oil and gas, water and water-waste treatment, transportation, utilities, and others, substantial technological advances and uptake, increasing industrialization, growing demand for safety features in industries, and the presence of some well-established industries are adding to the global industrial control systems market growth in the region. 

The global industrial control systems market in Europe is predicted to have the second-largest share over the forecast period. Growing manufacturing sector, adoption of new technologies like IoT, application of industry 4.0 in manufacturing, and demand for modernization, cloud computing, and smart grid are adding to the global industrial control systems market growth in the region. 

In the APAC region, the industrial control systems market is predicted to grow at a fast pace over the forecast period. Adoption of IoT and industry 4.0, increasing modernization, increase in the production of automobiles in Japan, China, and India, presence of number of vendors, the advances in industrial safety technology, increasing population, industrialization, and urbanization, improving economic conditions, and demand for water, energy, and waste-water treatment systems are adding to the global industrial control systems market growth in the region. 

The global industrial control systems market in Rest of the World is predicted to have sound growth over the forecast period. 

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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