What is the present valuation and projected CAGR of the industrial controls market?
The industrial controls market size has grown strongly in recent years. It will grow from $146.41 billion in 2024 to $154.18 billion in 2025 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to social welfare needs, government funding, adoption and foster care services, counseling and mental health services.
The industrial controls market size is expected to see steady growth in the next few years. It will grow to $181.56 billion in 2029 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to mental health awareness, aging population, digital counseling and telehealth, substance abuse treatment. Major trends in the forecast period include telehealth and online counseling, substance abuse treatment and prevention, online and app-based support, technology for case management.
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What key drivers have fueled the industrial controls market’s development over the years?
The growth of manufacturing industries, especially in developing economies is expected to support the growth of the industrial controls market. Industrial controls are monitor and automate industrial processes with high precision, improved product quality, and reliability. For instance, in April 2022, according to Goldman Sachs, a US-based investment banking company, the Indian manufacturing sector had growth of 210% in the fiscal year 2022, compared to the fiscal year 2021, as well as a substantial increase in new investment and ordering activity post the pandemic. Thus, the growth of manufacturing industries will support the growth of the industrial controls market.
What is the segmentation for the industrial controls market?
The industrial controls market covered in this report is segmented –
1) By Control system: Distributed Control System (DCS), Supervisory Control And Data Acquisition System (SCADA), Manufacturing Execution System (MES)
2) By Component: Modular Terminal Block, Relays and Optocouplers, Surge Protectors, Marking Systems, Printing, Ferrules Cable Lugs, Handtools, Testers, Enclosure Products, PCB Connectors and Terminals, Heavy Duty Connectors, Analog Signal Conditioner, Electronics Housings, Power Supplies, Industrial Ethernet, Remote IO
3) By End User: Automotive, Utility, Electronics And Semiconductor, Mining, Other End Users
Subsegments:
1) By Distributed Control System (DCS): Process DCS, Hybrid DCS, Advanced DCS
2) By Supervisory Control And Data Acquisition System (SCADA): Traditional SCADA, Cloud-based SCADA, Wireless SCADA
3) By Manufacturing Execution System (MES): Discrete MES, Process MES, Hybrid MES
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Who are the most influential companies in the industrial controls market?
Major companies operating in the industrial controls market include Mitsubishi Electric Factory Automation, Siemens AG, Honeywell International Incorporation, Emerson Electric Company, Schneider Electric SA, ABB Ltd, Omron Corporation, Rockwell Automation, Yokogawa Electric Corporation, Endress+Hauser Group, WIKA Alexander Wiegand SE & Co. KG, Azbil Corporation (formerly known as Yamatake Corporation), Fuji Electric Co. Ltd., 3D Systems Corporation, HP Inc., FANUC Corporation, Stratasys Ltd., Progea Srl, Hitachi Ltd., Vega Grieshaber KG, Danfoss Group, Tegan Innovations Inc., Krohne Group, Chaos Prime, Dwyer Instruments Inc., Kawasaki Heavy Industries Ltd., General Electric Company (GE), Johnson Controls International plc, Eaton Corporation plc, Phoenix Contact GmbH & Co. KG, Parker Hannifin Corporation, WAGO Kontakttechnik GmbH & Co. KG, Yokohama Industries Inc., B&R Industrial Automation GmbH, Beckhoff Automation GmbH & Co. KG, Bosch Rexroth AG, Delta Electronics Inc., Festo AG & Co. KG, IDEC Corporation, Keyence Corporation, National Instruments Corporation, Pepperl+Fuchs GmbH
What are the top industry trends projected to impact the industrial controls market?
Malicious cyber-attacks due to a lack of security in industrial infrastructure are acting as a restraint on the industrial controls market. Industrial controls are increasingly being integrated with connected sensors and integrated data systems making them vulnerable to cyber-attacks. For instance, 156 tornado alarm systems in the US city of Dallas were hacked forcing authorities to shut down the emergency system.
What are the major regional insights for the industrial controls market, and which region holds the top position?
Asia-Pacific was the largest region in the industrial controls market in 2023. Western Europe was the second-largest region in the industrial controls market. The regions covered in the industrial controls market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Industrial Controls Market Report 2025 Offer?
The industrial controls market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Industrial controls refer to the systems and technologies used to monitor and manage industrial processes, ensuring efficiency and safety across various sectors. These controls enable real-time data monitoring and automated operations. By streamlining industrial processes, these controls enhance productivity and minimize operational downtime, making them essential in modern manufacturing and production environments.
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