ICS For Process Automation Market Report: Trends, Forecast and Competitive Analysis to 2030

ICS For Process Automation Trends and Forecast

The future of the global ICS for process automation market looks promising with opportunities in the manufacturing, oil and gas, power generation, chemical processing, pharmaceutical, and food and beverage markets. The global ICS for process automation market is expected to reach an estimated $10.9 billion by 2030 with a CAGR of 9.2% from 2024 to 2030. The major drivers for this market are growing preference for industrial automation and rising adoption of cloud based ICS.

A more than 150-page report is developed to help in your business decisions.

ICS For Process Automation by Segment

The study includes a forecast for the global ICS for process automation by type, end use industry, end use industry, technology, and region

ICS For Process Automation Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Hardware
• Software
• Services

ICS For Process Automation Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Manufacturing
• Oil and Gas
• Power Generation
• Chemical Processing
• Pharmaceutical
• Food and Beverage
• Others

ICS For Process Automation Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of ICS For Process Automation Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies ICS for process automation companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the ICS for process automation companies profiled in this report include-

• ABB
• Schneider Electric
• Honeywell International
• Siemens
• Rockwell Automation
• Omron
• General Electric

ICS For Process Automation Market Insights

Lucintel forecast that hardware is expected to witness highest growth over the forecast period.

APAC is expected to witness highest growth over the forecast period due to rapid industrialization and existence of supportive government initiatives to promote techniques for efficient automated industrial production in the region.

Features of the Global ICS For Process Automation Market

Market Size Estimates: ICS For Process Automation Market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: ICS For Process Automation Market size by type, end use industry, and region in terms of value ($B).

Regional Analysis: ICS For Process Automation Market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, end use industries, and regions for the ICS for process automation market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the ICS for process automation market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the ICS for process automation market size?

Answer: The global ICS for process automation market is expected to reach an estimated $10.9 billion by 2030.

Q.2 What is the growth forecast for ICS for process automation market?

Answer: The global ICS for process automation market is expected to grow with a cagr of 9.2% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the ICS for process automation market?

Answer: The major drivers for this market are growing preference for industrial automation and rising adoption of cloud based ICS.

Q4. What are the major segments for ICS for process automation market?

Answer: The future of the ICS for process automation market looks promising with opportunities in the manufacturing, oil and gas, power generation, chemical processing, pharmaceutical, and food and beverage markets.

Q5. Who are the key ICS For Process Automation Market companies?

Answer: Some of the key ICS for process automation companies are as follows:

• ABB
• Schneider Electric
• Honeywell International
• Siemens
• Rockwell Automation
• Omron
• General Electric

Q6. Which ICS for process automation market segment will be the largest in future?

Answer: Lucintel forecast that hardware is expected to witness highest growth over the forecast period.

Q7. In ICS for process automation market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rapid industrialization and existence of supportive government initiatives to promote techniques for efficient automated industrial production in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the ICS for process automation market by type (hardware, software, and services), end use industry (manufacturing, oil and gas, power generation, chemical processing, pharmaceutical, food and beverage, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?