“Industrial Control System market set to reach $126.2bn in 2018” states new Visiongain report

18 June 2018
Electronics

Visiongain’ has launched a new electronics report Industrial Control Systems (ICS) Market Report 2018-2028: Forecasts By Solution (Supervisory Control And Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control Systems (DCS), Manufacturing Executive System (MES), Product Lifecycle Management (PLM), Human Machine Interface (HMI)) by Hardware (Control Valves, Control Devices, Robots, Sensors, Enclosures, Accessories), by End-use Vertical (Utility, Automobile, Food & Beverages, Pharmaceuticals, Electric Power Generation, Aerospace & Defence, Mining & Metal, Others) Plus Analysis of Top Companies Developing Industry 4.0, Smart Factory, Big Data, Advanced Analytics, Cloud Computing, Internet of Things (IoT) & Machine to Machine (M2M) Technologies

The fusion of Big Data, the Internet of Things, and advanced analytics is providing manufacturers with unprecedented insights into manufacturing performance, customer behaviour, and new product development as never seen before. With the introduction of industry 4.0, manufacturing, industry is being transformed into fully integrated automated facilities which can communicate with one another and enhance flexibility, productivity, speed and quality of the plant. These aforementioned characteristics will boost the demand for industrial control systems across the globe. Adoption of Industry 4.0 provides the innovation and benefits to the value chain and product lifecycle to each industry vertical such as oil & gas, food & beverages, chemicals, and automotive. Most of the processes and systems in the manufacturing industry are being automated due to the adoption of Industry 4.0, which allows the production unit to operate 24 / 7 continuously with zero human errors and with full accuracy. It helps in increasing fast production by maintaining the quality process of raw materials until the end products are formed. It has well-shaped the future of manufacturing industries by reducing the factor of human error associated with the production process, as automated systems work with continuous efficiency whereas human do not. The machines can be controlled and operated using automation solutions such as SCADA, HMI, DCS, and PLC.

The Visiongain report analyst commented “Industry 4.0 is the current development of automation, which has created the concept of smart factory, where cyber-physical systems, the Internet of Things (IoT) and cloud computing are the basic modules. The automation facilitates various factors in the manufacturing activities such as cost-efficiency, standardized manufacturing, production quality, reliability, and flexibility.”

Leading companies featured in the report who are developing industrial control systems include GE, ABB Ltd, Emerson Electric Company, Schneider Electric Se, Rockwell Automation, Inc and Mitsubishi Electric Corporation

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100

About visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports cusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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