Industrial Control for Process Automation Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast The global industrial control for process automation market size is projected to register a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growing use of technological innovations in production, increasing adoption of industrial robots in the manufacturing industry propelled by robotic arms, linked enterprise alongside bulk production to meet growing population demands.
The use of control systems, including robots or computers, and information and technology for managing various methods and equipment in the industry to substitute a human being is known as industrial automation. It is the next stage in the industrialization process after mechanization. An industrial control system (ICS) is made up of a variety of control systems, including electrical, hydraulic, mechanical, and pneumatic components, that work together to build a certain industrial goal (e.g., manufacturing, transportation of matter, or energy). The description of the expected outcome or performance is an element of the system's control. Control can be completely automated or have a human component. The systems can be set up to work in open-loop, closed-loop, or controlled manually. In industrial uses, there is an increasing demand for automation and tailored service solutions, which necessitates the use of industrial control solutions.
Market Trends, Drivers, Restraints, and Opportunities
Increasing expense of labor, along with the enormous strain on businesses to fulfill timelines, has led to a rise in factory automation, which is expected to fuel the market growth in the coming years.