Industrial Control Systems Market in Europe 2022-2026
Technavio has been monitoring the industrial control systems market in Europe and it is poised to grow by $ 4.30 mn during 2022-2026, progressing at a CAGR of 2.88% during the forecast period. Our report on the industrial control systems market in Europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by the need for simplification of complex manufacturing activities and increasing focus on smart factories. In addition, the need for simplification of complex manufacturing activities is anticipated to boost the growth of the market as well.
The industrial control systems market in Europe analysis includes the end-user segment and geographic landscape.
Technavio's industrial control systems market in Europe is segmented as below:
- By End-user
- Process industries
- Discrete industries
- By Geography
- UK
- Germany
- France
- Rest of Europe
This study identifies the changing market dynamicsas one of the prime reasons driving the industrial control systems market growth in Europe during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on industrial control systems market in Europe covers the following areas:
- Industrial control systems market sizing
- Industrial control systems market forecast
- Industrial control systems market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial control systems market vendors in Europe that include 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. Also, the industrial control systems market in Europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Companies MentionedABB 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, Siemens AG