Industrial Control Systems Market in Europe to Grow by USD 4.30 Mn | Technavio

Industrial Control Systems Market In Europe 2022-2026: Emerging Opportunities with Key players

ABB Ltd. - The company offers distributed control systems such as ABB Ability System 800xA, ABB Ability Symphony Plus, and Freelance Distributed Control System.

Belden Inc. - The company offers industrial control systems such as Tofino Xenon and Configurator 3.2, which enables easy-to-use DPI technology and can be integrated with existing networks.

Emerson Electric Co. - The company offers industrial control systems such as SCADA Systems with modular and easily scalable software to help users improve operations by optimizing the plant and decision-making, identifying issues, and managing it more efficiently.

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Industrial Control Systems Market In Europe 2022-2026: Drivers
One of the key drivers supporting the industrial control systems market growth in Europe is the need for simplification of complex manufacturing activities. In industries that are characterized by rapid operation cycles, even a small disruption or failure of critical assets can lead to high revenue losses. In addition, the complexity of managing and monitoring these assets is increased even more in remote locations, where operators find it difficult to work owing to the hostile working conditions. High exposure to risks requires real-time monitoring of environmental forces and climatic conditions. However, connectivity constraints are a major challenge faced by operators in such places. In such scenarios, automation software and systems ensure proper maintenance and effective management of physical assets. These factors will boost the demand for the industrial control systems market in Europe during the forecast period.

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Industrial Control Systems Market In Europe 2022-2026: Segmentation
By end-user, the industrial control systems market in Europe has been segmented into process industries and discrete industries. The process industries segment will have significant market share growth during the forecast period. The use of industrial control systems offers high flexibility in the pulp and paper manufacturing process. The demand for industrial control systems from the oil and gas industry is expected to decline due to fluctuating global prices of oil and gas during the forecast period. However, stable growth in other process industries, such as chemicals and petrochemicals, pharmaceutical, and food and beverage, is expected to moderate this effect. This will also ensure constant year-over-year growth of the process industry segment of the market in focus during the forecast period.

By geography, the industrial control systems market in Europe has been segmented into UK, Germany, France, and rest Of Europe. The UK is expected to have the largest market share growth during the forecast period.

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Table of Contents

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2021
• Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Process industries - Market size and forecast 2021-2026
• Discrete industries - Market size and forecast 2021-2026
• Market opportunity by End-user

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• UK - Market size and forecast 2021-2026
• Germany - Market size and forecast 2021-2026
• France - Market size and forecast 2021-2026
• Rest of Europe - Market size and forecast 2021-2026
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ABB Ltd.
• Belden Inc.
• Emerson Electric Co.
• Honeywell International Inc.
• International Business Machines Corp.
• Juniper Networks Inc.
• Kasa Companies Inc.
• Mitsubishi Electric Corp.
• Schneider Electric SE
• Siemens AG

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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