DUBLIN, July 22, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/m8hbl7/industrial) has announced the addition of the "Industrial Controls Market - Global Industry Analysis Size Share Growth Trends and Forecast 2015 - 2021" report to their offering.
The global market for industrial controls has been covered under the scope of this report. An industrial control network is a system of interconnected equipment used to monitor and control physical equipment in industrial environments. Industrial controls improve product quality, plant efficiency, as well as facilitate uniform production in industries. These are the main reasons for increasing investments in the industrial controls market. Increasing need of software in industrial automation, rise in infrastructure investments in emerging markets and increasing need for process automation among diverse industry verticals are the major factors responsible for the growth of the global industrial controls market globally.
The global industrial controls market is segmented by region in North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). North America led the global industrial controls market in 2014 and is also expected to maintain its dominance in 2021 as well in this market. The growth in North America is primarily attributed due to an increase in demand for safer and reliable process automation in different sectors, such as power plants, oil & gas and water & wastewater among others. Asia Pacific held the second largest share of the global industrial controls market in 2014 followed by Europe and RoW respectively.
The industrial controls market is segmented on the basis of types into supervisory control and data acquisition (SCADA), distributed control system (DCS) and programmable logic controller (PLC). Distributed control system (DCS) is holding the maximum market revenue share in 2014 and is expected to remain so during the forecast period from 2015 to 2021. The increasing industrial infrastructure investment and expansion of power and oil & gas project activities globally is spurring the demand for this segment. In addition, by components, the global SCADA market has been segmented into a programmable logic controller (PLC), human machine interface (HMI), remote terminal unit (RTU), SCADA communication system, and others.
The industrial controls market is further segmented by application into power, water & wastewater, oil & gas, manufacturing, chemicals, automotive, food & beverages, pharmaceuticals and others (including aerospace, defense, mining and material, etc.). The global industrial controls market is dominated by power sector segment. High gap in demand and supply of industrial control devices in developing countries such as India and China among others is expected to drive the demand of PLC, DCS and SCADA products in power sector.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Global Supervisory Control and Data Acquisition (SCADA) Systems Market by Components 2015 - 2021 (Revenue)
Chapter 5 Global Industrial Controls Market by Type 2015 - 2021 (Revenue)
Chapter 6 Global Industrial Controls Market by Applications 2015 - 2021 (Revenue)
Chapter 7 Global Industrial Controls Market by Geography 2015 - 2021 (Revenue)
Chapter 8 Company Profiles
- ABB Ltd- Alstom- Emerson Electric Co.- General Electric Co.- Honeywell Internation- Omron Co.- Rockwell Automation- Schneider Electric- Siemens AG- Yokogawa Electric Co.
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SOURCE Research and Markets