Industrial Controls Market to Reach $321.6 billion, Globally, by 2034 at 7.6% CAGR: Allied Market Research

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Prime determinants of growth

The industrial controls market is expected to witness notable growth owing to growth in adoption of industrial automation, and the rise of Industry 4.0, smart factories, and connected devices, which is boosting demand for advanced control systems with real-time monitoring and predictive maintenance capabilities. Moreover, a rise in demand for robotics and process automation has boosted the demand for industrial controls market growth. However, high initial investment and maintenance costs may hamper the growth of the market. On the contrary, rise in demand for energy-efficient solutions offers potential growth opportunities for the industrial controls market.

Report coverage & details:

•         Rise in Demand for Large-Scale Production in Manufacturing Sectors

TheDistributed Control Systems (DCS) segment held the highest market share in terms of revenue in 2024.

On the basis of control system, the Distributed Control Systems (DCS) segment held the highest market share in 2024, accounting for more than two-fifths of the global industrial controls market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to its widespread adoption in large-scale industrial processes that require centralized monitoring and control. DCS solutions offer high reliability, scalability, and real-time process automation, making them essential in industries such as oil & gas, power generation, chemicals, and pharmaceuticals. In addition, the integration of Industrial IoT (IIoT), AI-driven automation, and cloud-based analytics has further enhanced the efficiency and functionality of DCS, thus driving its demand. However, the Programmable Logic Controllers (PLCs) segment is projected to manifest the highest CAGR of 9.0% from 2025 to 2034.

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The Industrial Ethernet segment held the highest market share in terms of revenue in 2023.

On the basis of component, the industrial ethernet segment held the highest market share in 2024, accounting for more than one-fourth of the global Industrial controls market revenue and is estimated to maintain its leadership status throughout the forecast period. In addition, the Industrial Ethernet segment is projected to manifest the highest CAGR of 9.0% from 2025 to 2034, owing to the increasing demand for high-speed, reliable, and scalable industrial communication networks. The growing adoption of Industry 4.0, smart factories, and IIoT-based automation solutions has accelerated the need for real-time data exchange, remote monitoring, and predictive maintenance, all of which are enabled by Industrial Ethernet.

Utility held the highest market share in terms of revenue in 2024.

On the basis of end user, the utility segment held the highest market share in terms of revenue in 2024, accounting for more than one-fourth of the industrial controls market revenue owing to increasing adoption of automation and smart grid technologies in power generation, water treatment, and energy distribution sectors. The growing demand for efficient power management, real-time monitoring, and grid stability solutions has driven the integration of industrial control systems such as SCADA, PLCs, and DCS in utility operations.

Asia-Pacific dominated the market in 2024.

On the basis of the region, Asia-Pacific held the highest market share in terms of revenue in 2024, accounting for more than two-fifths of the industrial controls market revenue owing to rapid industrialization, expanding manufacturing sectors, and significant investments in automation technologies across key economies such as China, India, Japan, and South Korea. The region's strong presence in automotive, electronics, oil & gas, and energy industries has driven the demand for industrial control systems such as PLCs, SCADA, and DCS to enhance efficiency, productivity, and operational safety.

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Industrial Controls Market Key Players: -

The report provides a detailed analysis of these key players in the industrial controls market. These players have adopted different strategies such as product launch, product development, partnership, investment, acquisition, and others to increase their market share and maintain dominant shares in different regions. For instance, in February 2024, Schneider Electric, in collaboration with Intel and Red Hat, unveiled a new Distributed Control Node (DCN) software framework aimed at advancing open automation in industrial settings. This initiative extends Schneider Electric's EcoStruxure Automation Expert, enabling industries to transition to a software-defined, plug-and-produce model that enhances operations, ensures quality, reduces complexity, and optimizes costs.

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Industrial Controls Market Segmentation Overview:

By Control System

By Component

By End User

By Region

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