Industrial controls systems are advanced factory automations technologies that control the
equipment and machines in the industries. The emergence of automation technologies has
revolutionized the manufacturing sectors witnessing huge uptake of these technologies.
Automation signifies to reduced human intervention, reduced human errors and hence
reduced operational cost which is encouraging various industrial units to adopt the control
systems. The huge uptake defines the growing market landscape of industrial controls
Get Free Sample Report:
Acknowledging the kind of traction, the market is garnering currently, Market Research
Future (MRFR) in its recently published study report asserts that the global industrial controls
systems market will grow enormously by 2023 registering a phenomenal CAGR throughout
the forecast period (2018 to 2023).
These industrial control systems comprise uses of robotics to gain the advantages in
controlling, better precision, reduced assembly time, reduction in labour costs, and reduction
in the risk of exposure to production hazards which drive the market growth.
Additionally, adoption of IOT and advancement in M2M communication technology are
factors propelling the growth of the market. At the same time these systems play a significant
role in reducing energy consumption and increasing operational efficiency that act as key
drivers for the market.
On the other hand, factors such as the lack of technical efficiency among the professionals
taking care of implementation of these processes are expected obstruct the growth of the
market to some extent. Nevertheless, this challenge may get ruled out soon with the
emergence of industrial training programs.
Also, to shift from traditional manufacturing to smart manufacturing demands high
investment; whereas, due to low profit margin SMEs sometimes can’t arrange funds. These
limited re-investment opportunities are factors restraining the market growt