Industrial Control Systems and Solution Market, By Control System (SCADA, DCS, Hybrid), Components (HMI, PLC, RTU, SCADA Communication System), Application (Electrical Power, Oil and Gas, Water and Water-waste treatment, Automobile), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
The global Industrial Control Systems and Solution Market size was estimated at USD 18.0 billion in 2023 and is projected to reach USD 28.2 billion in 2030 at a CAGR of 7.7% during the forecast period 2023-2030.
The Industrial Control systems and Solution span a spectrum from compact independent units to a multitude of interconnected large-scale work cells dispersed throughout the factory premises. Each system has been meticulously designed to fulfill a specific objective, leading to a reduction in costs, an enhancement in quality, an enhancement in operator safety, and a boost in production efficiency. Various technologies, such as analytics, cloud computing, and mobility, are aiding organizations in accomplishing their objectives with utmost efficiency. Moreover, the integration of the Internet of Things (IoT) into factory automation is fueling the growth of intelligent manufacturing, as it allows for the utilization of the benefits of internet connectivity. As an illustration, in May 2022, Emerson Electric Co. introduced their novel automation solution, namely TopWorx DX Partial Stroke Test with HART 7, which enhances safety and automation by facilitating discreet emergency shutdown valves.
The recent years have witnessed an escalating demand for industrial software and process automation solutions owing to the imperative for enhanced efficiency, dependability, and security in industrial processes. This, in turn, has culminated in an expansion of the Industrial Control Systems (ICS) market, which entails the utilization of systems for the regulation and surveillance of industrial processes. The mounting employment of ICS in various sectors such as oil and gas, manufacturing, and power generation has propelled the market's growth.
The Covid-19 pandemic have compelled organizations to conform to stringent requirements, all the while ensuring the well-being of their employees and customers. Consequently, there has been an abrupt surge in the demand for automated solutions. This discernible development is anticipated to persist in the foreseeable future. Given the ongoing battle against the rapid transmission of the COVID-19 pandemic, the implementation of factory automation through robotics assumes a pivotal role in safeguarding individuals and facilitating the provisioning of essential resources to end users.
Disruptions in crucial infrastructures, such as the power grid, manufacturing, information technology, and transportation, have a profound impact on economic stability, national security, safety, and health. Consequently, numerous governments have implemented federal legislation and policies aimed at formulating cybersecurity guidelines to safeguard industrial control systems for crucial infrastructures. On November 16, 2018, President Donald Trump of the United States authorized the appointment of the Cyber Security and Infrastructure Security Agency (CISA) with the objective of identifying vulnerabilities in the nation's crucial infrastructures. Public Safety Canada, an organization dedicated to cybersecurity, collaborated with stakeholders responsible for crucial infrastructures to enhance the security and resilience of vital assets, including the food supply, energy and utilities, public safety systems, and information and communication technology. Similarly, the Critical Infrastructure Act of Australia in 2018 maintains a registry of critical infrastructure assets to manage risks associated with Australia's crucial infrastructures, in cooperation with the government, regulatory bodies, and operators of such infrastructures.
North America to Dominate the Market