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Industrial Control Systems Market to Grow on Account of Mounting Process Automation and Remote Supervision

  • Date Submitted: 08/12/2015 01:07 AM
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Controlling industrial operations calls for the deployment of a sophisticated network of systems and equipment. The need for such control and monitoring solutions has given rise to a full-fledged global industrial control systems market over the years. In 2014, industrial control systems comprised a US$58 billion market, and analysts expect this market to expand to US$81 billion by the end of 2021. When translated to CAGR, this growth stands at 4.9% for the seven-year period from 2015 to 2021.

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Monitoring the performance of various systems and equipment at an industrial facility has become an indispensable part of gauging its efficiency and productivity, irrespective of the domain in question. By deploying a network of interconnected equipment, functions such as remote supervision, process automation, and automation of critical infrastructure can be achieved. In order to achieve these ends, different types of industrial control systems are available on the market. These include: Supervisory control and data acquisition (SCADA) systems, distributed control systems (DCS), and programmable logic controllers (PLC).

Increased Remote Supervision and Process Automation at Industrial Facilities Stirs Demand in Industrial Control Systems Market

All over the world, industrial facilities are moving closer to automation. Manual supervision has dipped dramatically, and this aspect drives the space for remote supervision. Companies are growingly dependent on software that enables industrial control - the growth of the SCADA, PLC and DCS markets is a result of this.

There are several other factors that drive the global industrial control systems market – the most notable being the integration of PLC software with ERP systems and manufacturing execution systems. Furthermore, SCADA integration has become...


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