The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Industrial Controllers Market Share. The growth sectors of the Industrial Controllers Market Share are identified with precision for a better growth perspective.
The industrial controller market 2020 can likely be worth USD 128.98 Billion by 2025-end, confirms Market Research Future (MRFR). MRFR also projects that the market can progress at a rate of 11.1% between 2019 and 2025, which is the appraisal period.
The industrial controller market has been considered for type and application.
The types of industrial controllers are distributed control system (DCS), supervisory control and data acquisition (SCADA) and programmable logic control (PLC).
Control-based segments are open-loop control, ON-OFF control, closed-loop control and feed-forward control.
The applications of industrial controllers are manufacturing, automotive, energy & utilities, water & wastewater, oil & gas, aerospace & aviation and food processing & beverage and more.
The regional study of the industrial controllers market comprises APAC or Asia Pacific, MEA or the Middle East & Africa, South America, Europe and North America.
Key Drivers and Top Challenges
Industrial control systems are sought-after tools in organizations of different industries, since they offer energy efficiency properties when used in manufacturing processes. The industrial controllers market anticipates incredible growth prospects, given the widespread demand across multiple industries like utility, automotive, semiconductors and electronics, because of their controlling ability in automated processes. Moreover, the intense demand for IoT-based smart solutions along with automation in industries including manufacturing, electronics & semiconductor and utilities, also leads to escalated demand for industrial controls worldwide.
The soaring demand for bulk production across manufacturing industries boosts the need for industrial controls, considering the evolving needs of the ever-expanding population. Industrial controllers are used for mass production of products in a short period without compromising the accuracy, thereby bringing down the production cost. End-users take into account these qualities and make huge demand, which increases the global industrial controllers market share across the globe.
Furthermore, automation is gaining fast traction in multiple industrial applications, since they lower the cost and induce high-quality results. Industrial controls also provide system integrators to develop automation, providing consistent results with better productivity and enhanced product quality. This way, the quality control challenge that usually crops up due to human error is restrained, in conjunction with reliability, faster and efficient work rate of systems.
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