Albany, NY -- (SBWIRE) -- 06/11/2018 -- In various industrial systems and network stations, there is a need to interconnect several devices and equipment, so that performance and efficiency of industrial-based processes is maintained. This is possible with the help of using specific control systems, thus constituting the industrial controls system market.
The report published by Transparency Market Research extensively covers various details of this market, along with factors such as top drivers and trends, leading market segments, competitive outlook, regional market growth, and several others aspects. The need for better quality of industrial processes, improved efficiency, and requirement of automation, are some of the reasons that are fueling the market from broad perspective.
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The global industrial controls market is mainly divided into several segments based on four criteria: types, applications, geography, and components. Based on the product types, the market is divided into programmable logic controller (PLC), supervisory and data acquisition (SCADA), and distributed control system (DCS). Based on the components criteria, the global industrial controls market is divided into many segments such as: Remote Terminal Unit (RTU), SCADA Communication Systems, Programmable Logic Controller (PLC), Human Machine Interface (HMI) and others.
On the basis of applications, electrical power, water and waste management, automotive industry, pharmaceutical, and oil and gas are some of the sectors that are a significant part of the industry. Based on the regional perspective, the global industrial control systems market is spread across North America, Asia Pacific, Europe, and Rest of the World.
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Global Industrial Controls Market: Prominent Trends and Drivers
In industrial automation processes, there has been a continuous need for the use of software programs for better process efficiency and accuracy, which further contributes towards being beneficial to the global industrial control systems market's growth. Apart from this, the market also is being pushed by the need for extensive process automation, as well as the increasing usage of SCADA, PLC and DCS systems in industrial environments.
Global Industrial Controls Market: Regional Outlook
The global industrial control systems market is mainly segmented by region into Europe, Asia Pacific, North America, and Rest of the World. Of these regions, North America held the top spot with regards to a geographical spread of the market and its associated sales in this region. This region is further expected to continue its dominance in this market. After North America, Asia Pacific region held the second regional segment spot with respect to the market shares, mainly due to the rising industrial and automation processes in the area.
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Global Industrial Controls Market: Competitive Landscape
The report outlines in detail, the extensive competitive landscape present in the global industrial control systems market. This competitive scenario is based on several factors such as market scope, growth rate, market attractiveness analysis, and others. Some of the most prominent and key market players in this industry are: Honeywell International, Emerson Electric Co., Omron Corp., Rockwell Automation, Siemens AG, Omron Corp., ABB Ltd., General Electric Co., Schneider Electric SE, and Alstom SA, amongst several others.