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Controls : Global Trends, Facts and Figures
The controls market denotes the ecosystem of systems, devices, and solutions to control and automate processes in industries. These systems ensure operational efficiency, safety, and accuracy across different sectors, including manufacturing, energy, automotive, and building automation. With the onset of Industry 4.0, along with the increase in demand for energy efficiency, the controls market became a vital part of operational activities in industrial and commercial terms.
The global control market was worth around USD 45 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.8% during the forecast period 2024-2030. The rise in smart technology adoption, compliance directives on energy efficiency, and broader technologies driving industrial automation development are some of the factors responsible for the growth.
Global Controls Industry
Overview
The controls market denotes the ecosystem of systems, devices, and solutions to control and automate processes in industries. These systems ensure operational efficiency, safety, and accuracy across different sectors, including manufacturing, energy, automotive, and building automation. With the onset of Industry 4.0, along with the increase in demand for energy efficiency, the controls market became a vital part of operational activities in industrial and commercial terms.
The global control market was worth around USD 45 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.8% during the forecast period 2024-2030. The rise in smart technology adoption, compliance directives on energy efficiency, and broader technologies driving industrial automation development are some of the factors responsible for the growth.
Types & Definition
Controls refer to technologies and solutions for the control and automation of processes in industrial, commercial, or residential settings. The solutions comprise hardware (sensors, controllers, etc.), software platforms, and integrated systems designed to manage variables such as temperature, pressure, speed, and flow.
1.-Programmable Logic Controllers (PLCs): Used for the automation of industrial processes and machinery.
2. Distributed Control Systems (DCS): Emphasis on complex, large-scale processing control applications.
3. Supervisory Control and Data Acquisition (SCADA): Systems for monitoring and controlling infrastructure and industrial processes.
4. Building Management Systems (BMS): Control of HVAC, lighting, and security in commercial buildings.
5.-Energy Management Systems (EMS): Monitoring and optimizing energy consumption.
6. Motion Control Systems: For robotics, CNC machines, and automated assembly lines.
Industry Trends
1. Digital Transformation: AI, ML, and IoT offer a process for innovation in control systems.
2. Energy Efficiency: Growing regulatory pressure to cut energy consumption is accelerating the adoption of energy management technology.
3. Decentralization: Constant evolution of edge/cloud-based control systems.
4. Sustainability: Attention to green building certifications and renewable energy development and integration.
5. Emerging Markets: Rapid industrialization in Asia, the Pacific, and Latin America further fuels growth.
Facts & Insights
Industry 4.0 has hastened the dissemination of IoT-accommodated control systems.
A resurgence in investment in renewable energy templates commands sophisticated technology for energy management controls.
Smart building solutions, including AI-based building management systems, are gaining traction.
Control systems security has topped the list of priorities due to sophistication in cyber-attacks targeting critical infrastructure.
The real-time control systems have been and are still being revolutionized by edge computing as a means of decreasing latency and maximizing efficiency.
Market Segment
By Product Type:
PLCs
DCS
SCADA
BMS
EMS
Motion Control Systems
By End User Industry:
Manufacturing
Energy and utilities
Automotive
Building Automation
Healthcare
By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
Industry Leader
1. Siemens AG
2. ABB Group
3. Honeywell International Inc.
4. Schneider Electric
5. Rockwell Automation
6. Johnson Controls International
7. Emerson Electric Co.
8. Mitsubishi Electric Corporation
9. General Electric (GE)
10. Delta Electronics, Inc.