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The industrial control systems market share in Europe is expected to increase by USD 4.30 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 2.88%.
This industrial control systems market in Europe research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the industrial control systems market in Europe segmentation by end-user (process industries and discrete industries) and geography (UK, Germany, France, and Rest of Europe). The industrial control systems market in Europe report also offers information on several market vendors, including ABB Ltd., Belden Inc., Emerson Electric Co., Honeywell International Inc., International Business Machines Corp., Juniper Networks Inc., Kasa Companies Inc., Mitsubishi Electric Corp., Schneider Electric SE, and Siemens AG among others.
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The need for simplification of complex manufacturing activities is notably driving the industrial control systems market growth in Europe, although factors such as technical challenges may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial control systems industry in Europe. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Industrial Control Systems Market Driver in Europe
The need for simplification of complex manufacturing activities is one of the key drivers supporting the industrial control systems market growth in Europe. In industries characterized by rapid operation cycles, even a small disruption or failure of critical assets can lead to high revenue losses. Additionally, the complexity of managing and monitoring these assets is increased even further in remote locations, where it is difficult for operators to work owing to the hostile working conditions. High exposure to risks requires real-time monitoring of environmental forces and climatic conditions, but connectivity constraints are a major difficulty faced by operators in such places. In such scenarios, automation software and systems ensure proper maintenance and effective management of physical assets. These factors will boost the demand for the industrial control systems market in Europe during the forecast period.
Key Industrial Control Systems Market Trend in Europe
Value chain integration by automation solution providers is another factor supporting the industrial control systems market growth in Europe. The declining dependence on hardware and the wide acceptance of software applications has increased the demand for automation software. System integrators also form a major link between the OEMs and end-users for the sale of industrial automation controls in the discrete and process industries. Therefore, to increase their market reach, OEMs of automation software and control systems are trying to acquire system integrators. As system integrators are major elements of the supply chain and have a better geographical reach, vendors can increase their market shares by acquiring or collaborating with system integrators. Currently, as the market is fragmented, vendors have increased value chain integration. This trend is expected to have a high impact on the market consolidation rate during the forecast period.
Key Industrial Control Systems Market Challenge in Europe
The technical challenges is hindering the industrial control systems market growth in Europe. Rising pressure on reducing the price of the industrial control solution and increasing the overall automation has led industrial operators to increase the number of nodes with the controller. Although vendors are focused on developing flexible machine designs incorporating inputs from OEMs, manufacturers, and system integrators, the fast-changing nature of the automation solution industry affects the investment scenario and increases the CAPEX for industrial operators. All these factors affect the smooth transition from traditional automation to Industry 4.0 in the manufacturing industry in Europe Thus, the increased capital requirement to implement industrial control systems which can pose a challenge to the growth of the industrial control systems market in Europe during the forecast period.
This industrial control systems market in Europe analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the industrial control systems market in Europe as a part of the global electrical components and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the industrial control systems market in Europe during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the industrial control systems market in Europe encompasses successful business strategies deployed by the key vendors. The industrial control systems market in Europe is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The industrial control systems market in Europe forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the industrial control systems market in Europe, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the electrical components and equipment market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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39% of the market's growth will originate from the UK during the forecast period. The UK is the key market for industrial control systems market in Europe. Market growth in this region will be faster than the growth of the market in other regions.
The growing investments in renewable power generation and water and wastewater industries will facilitate the industrial control systems market growth in the UK over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, owing to the outbreak of COVID-19, the region witnessed certain challenges. Many European countries witnessed an increase in the number of deaths from COVID-19. The UK was among the countries that were severely affected by COVID-19 in 2020. However, in 2021, the situation improved due to the initiation of mass COVID-19 vaccination drives across the UK. Also, the UK is working hard to bail out its economy and businesses that were adversely affected by the pandemic by announcing lucrative economic stimulus packages. Such packages will be beneficial in restoring the economic conditions and increasing the growth rate of various industries, which, in turn, will have a positive impact on the industrial control systems market in the UK during the forecast period.
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The industrial control systems market share growth in Europe by the process industries segment will be significant during the forecast period. The process industry segment holds a dominant share in the industrial control systems market in Europe. Therefore, the use of industrial control systems offers high flexibility in the pulp and paper manufacturing process. The demand for industrial control systems from the oil and gas industry is expected to decline due to fluctuating global prices of oil and gas over the forecast period. However, stable growth in other process industries, such as chemicals and petrochemicals, pharmaceutical, and food and beverage, is expected to moderate the effect and ensure constant year-over-year growth of the process industry segment of the market in focus during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial control systems market size in Europe and actionable market insights on post COVID-19 impact on each segment.
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Industrial Control Systems Market Scope in Europe |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 2.88% |
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Market growth 2022-2026 |
$ 4.30 million |
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Market structure |
Fragmented |
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YoY growth (%) |
2.77 |
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Regional analysis |
UK, Germany, France, and Rest of Europe |
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Performing market contribution |
UK at 39% |
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Key consumer countries |
Algeria |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
ABB Ltd., Belden Inc., Emerson Electric Co., Honeywell International Inc., International Business Machines Corp., Juniper Networks Inc., Kasa Companies Inc., Mitsubishi Electric Corp., Schneider Electric SE, and Siemens AG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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