Summary

The global industrial controls market was valued at $157.3 billion in 2024, and is projected to reach $321.6 billion by 2034, growing at a CAGR of 7.6% from 2025 to 2034. 
Industrial Control Systems (ICS) comprise a combination of hardware and software designed to monitor, control, and automate industrial processes across sectors such as manufacturing, power generation, oil and gas, and mining. By integrating technologies like Supervisory Control and Data Acquisition (SCADA), Distributed Control Systems (DCS), and Programmable Logic Controllers (PLC), ICS ensures operational efficiency, safety, and reliability. These systems support real-time data collection, process optimization, and predictive maintenance—minimizing downtime and boosting productivity. With the rise of cybersecurity advancements and IoT integration, modern ICS solutions now offer enhanced remote monitoring and automation capabilities. As industries transition to smart manufacturing, ICS serves as the basis for digital transformation, driving efficiency and supporting regulatory compliance. 
A significant challenge facing the industrial control systems market is the shortage of skilled professionals capable of implementing and managing advanced automation technologies. As these systems grow more complex, there is a growing demand for engineers and IT specialists with expertise in control system programming, cybersecurity, and real-time monitoring. However, the rapid pace of technological advancement, coupled with a lack of specialized training programs, has led to a widening talent gap. Additionally, organizations often struggle to find experienced personnel who can effectively integrate modern control systems with existing legacy infrastructure. This shortage not only slows adoption but also heightens operational risks, as improper implementation can result in inefficiencies and increased vulnerability to cyber threats.
Moreover, modern factory automation solutions leverage artificial intelligence (AI), the Internet of Things (IoT), and robust cybersecurity measures to enhance operational efficiency, safeguard infrastructure, and support remote operations. Thus, industrial control aims to streamline production, improve product quality, ensure regulatory compliance, and foster smarter, more resilient industrial environments.
The integration of Artificial Intelligence (AI) and Machine Learning (ML) offers substantial growth opportunities for the Industrial Control Systems (ICS) market. AI-powered systems enhance predictive maintenance, optimize resource allocation, and improve fault detection—minimizing downtime and boosting efficiency. ML algorithms process vast amounts of real-time data to advance process automation, optimization, and informed decision-making. In addition, AI-driven cybersecurity solutions enable real-time anomaly detection, strengthening ICS infrastructure against cyber threats. As industries progress in their digital transformation, the adoption of AI, ML, and intelligent automation will drive operational efficiency, enhance process performance, and fortify cybersecurity, ensuring sustained market expansion in the years ahead.
Furthermore, the increasing adoption of cloud-based industrial control systems presents a significant growth opportunity for the market. Cloud-enabled control solutions offer scalability, remote monitoring, and seamless integration with Industrial IoT (IIoT) platforms. Moreover, cloud-based SCADA and DCS systems allow industries to analyze real-time data, optimize workflows, and enhance decision-making without heavy on-site infrastructure investments. In addition, cloud connectivity enables predictive analytics and remote troubleshooting, reducing downtime and maintenance costs. As industries shift toward digital transformation, cloud-based industrial control systems provide a flexible, cost-effective solution, allowing businesses to enhance automation, improve efficiency, and drive innovation across various industrial applications.
Segment Review:
The industrial controls market is segmented on the basis of control system, component, end user, and region. On the basis of control system, the industrial controls market is categorized into Programmable Logic Controllers PLCs, Distributed Control Systems (DCS), Supervisory Control and Data Acquisition  (SCADA), and Others. Based on component, the industrial controls market is categorized into surge protectors, enclosure products, PCB connectors and terminals, power supplies, industrial ethernet, and others. By end user, the industrial controls market is classified into automotive, utility, electronics & semiconductors, mining, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report are Siemens AG, ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric, Honeywell International Inc., Rockwell Automation, Inc, Emerson Electric Co, Omron Corporation, KEYENCE CORPORATION, and Yokogawa Electric Corporation.

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Key Market Segments
By Control System
● Programmable Logic Controllers (PLCs)
● Distributed Control Systems (DCS)
● Supervisory Control and Data Acquisition (SCADA)
● Others
By Component
● Surge Protectors
● Enclosure Products
● PCB Connectors and Terminals
● Power Supplies
● Industrial Ethernet
● Others
By End User
● Automotive
● Utility
● Electronics and Semiconductors
● Mining
● Others
By Region
● North America
○ U.S.
○ Canada
○ Mexico
● Europe
○ UK
○ Germany
○ France
○ Italy
○ Rest of Europe
● Asia-Pacific
○ China
○ Japan
○ India
○ South Korea
○ Rest of Asia-Pacific
● LAMEA
○ Latin America
○ Middle East
○ Africa
● Key Market Players
○ ABB Ltd.
○ Schneider Electric
○ Honeywell International Inc.
○  Emerson Electric Co. 
○ Omron Corporation
○ Yokogawa Electric Corporation
○ Siemens
○ Mitsubishi Electric Corporation
○ Rockwell Automation, Inc.
○ KEYENCE CORPORATION

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Moderate to high bargaining power of suppliers
3.3.2. Moderate to high threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. Low to high intensity of rivalry
3.3.5. Low to high bargaining power of buyers
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Growing Adoption of Industrial Automation
3.4.1.2. Integration of IOT and AI in Industrial Controls
3.4.1.3. Rising Demand for Large-Scale Production in Manufacturing Sectors
3.4.2. Restraints
3.4.2.1. High Initial Capital Investment and Integration Challenges
3.4.3. Opportunities
3.4.3.1. Expansion Through IOT-Enabled Smart Industrial Controls
3.4.3.2. Smart Grid Deployment for Securing Critical Infrastructure From Cyber Threats
CHAPTER 4: INDUSTRIAL CONTROLS MARKET, BY CONTROL SYSTEM
4.1. Overview
4.1.1. Market size and forecast
4.2. Programmable Logic Controllers (PLCs)
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Distributed Control Systems (DCS)
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Supervisory Control and Data Acquisition (SCADA)
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Others
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country
CHAPTER 5: INDUSTRIAL CONTROLS MARKET, BY COMPONENT
5.1. Overview
5.1.1. Market size and forecast
5.2. Surge Protectors
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Enclosure Products
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. PCB Connectors and Terminals
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Power Supplies
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country
5.6. Industrial Ethernet
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market share analysis by country
5.7. Others
5.7.1. Key market trends, growth factors and opportunities
5.7.2. Market size and forecast, by region
5.7.3. Market share analysis by country
CHAPTER 6: INDUSTRIAL CONTROLS MARKET, BY END USER
6.1. Overview
6.1.1. Market size and forecast
6.2. Automotive
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Utility
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Electronics and Semiconductors
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
6.5. Mining
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis by country
6.6. Others
6.6.1. Key market trends, growth factors and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market share analysis by country
CHAPTER 7: INDUSTRIAL CONTROLS MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by Control System
7.2.3. Market size and forecast, by Component
7.2.4. Market size and forecast, by End User
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Market size and forecast, by Control System
7.2.5.1.2. Market size and forecast, by Component
7.2.5.1.3. Market size and forecast, by End User
7.2.5.2. Canada
7.2.5.2.1. Market size and forecast, by Control System
7.2.5.2.2. Market size and forecast, by Component
7.2.5.2.3. Market size and forecast, by End User
7.2.5.3. Mexico
7.2.5.3.1. Market size and forecast, by Control System
7.2.5.3.2. Market size and forecast, by Component
7.2.5.3.3. Market size and forecast, by End User
7.3. Europe
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by Control System
7.3.3. Market size and forecast, by Component
7.3.4. Market size and forecast, by End User
7.3.5. Market size and forecast, by country
7.3.5.1. UK
7.3.5.1.1. Market size and forecast, by Control System
7.3.5.1.2. Market size and forecast, by Component
7.3.5.1.3. Market size and forecast, by End User
7.3.5.2. Germany
7.3.5.2.1. Market size and forecast, by Control System
7.3.5.2.2. Market size and forecast, by Component
7.3.5.2.3. Market size and forecast, by End User
7.3.5.3. France
7.3.5.3.1. Market size and forecast, by Control System
7.3.5.3.2. Market size and forecast, by Component
7.3.5.3.3. Market size and forecast, by End User
7.3.5.4. Italy
7.3.5.4.1. Market size and forecast, by Control System
7.3.5.4.2. Market size and forecast, by Component
7.3.5.4.3. Market size and forecast, by End User
7.3.5.5. Rest of Europe
7.3.5.5.1. Market size and forecast, by Control System
7.3.5.5.2. Market size and forecast, by Component
7.3.5.5.3. Market size and forecast, by End User
7.4. Asia-Pacific
7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast, by Control System
7.4.3. Market size and forecast, by Component
7.4.4. Market size and forecast, by End User
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Market size and forecast, by Control System
7.4.5.1.2. Market size and forecast, by Component
7.4.5.1.3. Market size and forecast, by End User
7.4.5.2. Japan
7.4.5.2.1. Market size and forecast, by Control System
7.4.5.2.2. Market size and forecast, by Component
7.4.5.2.3. Market size and forecast, by End User
7.4.5.3. India
7.4.5.3.1. Market size and forecast, by Control System
7.4.5.3.2. Market size and forecast, by Component
7.4.5.3.3. Market size and forecast, by End User
7.4.5.4. South Korea
7.4.5.4.1. Market size and forecast, by Control System
7.4.5.4.2. Market size and forecast, by Component
7.4.5.4.3. Market size and forecast, by End User
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Market size and forecast, by Control System
7.4.5.5.2. Market size and forecast, by Component
7.4.5.5.3. Market size and forecast, by End User
7.5. LAMEA
7.5.1. Key market trends, growth factors and opportunities
7.5.2. Market size and forecast, by Control System
7.5.3. Market size and forecast, by Component
7.5.4. Market size and forecast, by End User
7.5.5. Market size and forecast, by country
7.5.5.1. Latin America
7.5.5.1.1. Market size and forecast, by Control System
7.5.5.1.2. Market size and forecast, by Component
7.5.5.1.3. Market size and forecast, by End User
7.5.5.2. Middle East
7.5.5.2.1. Market size and forecast, by Control System
7.5.5.2.2. Market size and forecast, by Component
7.5.5.2.3. Market size and forecast, by End User
7.5.5.3. Africa
7.5.5.3.1. Market size and forecast, by Control System
7.5.5.3.2. Market size and forecast, by Component
7.5.5.3.3. Market size and forecast, by End User
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2024
CHAPTER 9: COMPANY PROFILES
9.1. Siemens
9.1.1. Company overview
9.1.2. Key executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Business performance
9.1.7. Key strategic moves and developments
9.2. ABB Ltd.
9.2.1. Company overview
9.2.2. Key executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Business performance
9.2.7. Key strategic moves and developments
9.3. Mitsubishi Electric Corporation
9.3.1. Company overview
9.3.2. Key executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Business performance
9.4. Schneider Electric
9.4.1. Company overview
9.4.2. Key executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Business performance
9.4.7. Key strategic moves and developments
9.5. Honeywell International Inc.
9.5.1. Company overview
9.5.2. Key executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Business performance
9.5.7. Key strategic moves and developments
9.6. Rockwell Automation, Inc.
9.6.1. Company overview
9.6.2. Key executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.6.6. Business performance
9.6.7. Key strategic moves and developments
9.7.  Emerson Electric Co. 
9.7.1. Company overview
9.7.2. Key executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.7.6. Business performance
9.8. Omron Corporation
9.8.1. Company overview
9.8.2. Key executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.8.6. Business performance
9.8.7. Key strategic moves and developments
9.9. KEYENCE CORPORATION
9.9.1. Company overview
9.9.2. Key executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.9.6. Business performance
9.10. Yokogawa Electric Corporation
9.10.1. Company overview
9.10.2. Key executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. Business performance