Industrial Control Systems Market in Europe to Grow by $ 4.30 Million through 2022-2026
ABB Ltd., Belden Inc., Emerson Electric Co., Honeywell International Inc., International Business Machines Corp., and Juniper Networks Inc. are among the key vendors discussed in the research report
The Global Industrial control systems market in Europe is projected to grow by $ 4.30 million, accelerating at a CAGR of 2.88% till 2026 owing to factors such as need for simplification of complex manufacturing activities. In addition, value chain integration by automation solution providers is a key trend that is expected to drive market growth. Automation software and systems ensure proper maintenance and effective management of physical assets.
The declining dependence on hardware and the wide acceptance of software applications has increased the demand for automation software. System integrators also form a major link between the OEMs and end-users for the sale of industrial automation controls in the discrete and process industries.
This research report delineates all the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
For more market insights on drivers and trends:
Industrial Control Systems Market in Europe : Segments and Geographical Regions
- This report segments the market End-user (Process industries and Discrete industries) and Geography (UK, Germany, France, and Rest of Europe).
- 39% of the market growth will originate from UK during the forecast period.
- This research report will provide insights into the current market share of each segment along with growth projections for the next five years. Request our Free Sample Report
Industrial Control Systems Market in Europe : Vendor Analysis
- The market is fragmented due to the presence of several players.
- The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
- 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, and Siemens AG are some of the major market participants.
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Key focus areas in our research report:
Market Segmentation by End-user
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- Industrial Control Systems Market in Europe Split by End-user
- Process industries
- Discrete industries
- Industrial Control Systems Market in Europe Split by Geography
- UK
- Germany
- France
- Rest of Europe
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- 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
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations. For more insights on this market: Download a Free Sample Report
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of 2.88%.
- What is the incremental growth of the market?
The market is expected to grow by $ 4.30 mn through 2022-2026.
- What is a key factor driving this market?
Need for simplification of complex manufacturing activities will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
UK, Germany, France, and Rest of Europe are the key regions featured in this research report.
- Which is the leading geographic region for this market:
39% growth will originate from UK
- Who are the leading market vendors?
The leading vendors in this market are 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, and Siemens AG
- What are the market segments covered in this report?
The market is segmented by End-user (Process industries and Discrete industries) and Geography (UK, Germany, France, and Rest of Europe)
