Industrial Personal Computer (PC) - Global Market Outlook (2021 - 2028)

Industrial Personal Computer (PC) - Global Market Outlook (2021 - 2028)

According to Stratistics MRC, the Global Industrial Personal Computer (PC) Market is accounted for $4.60 billion in 2021 and is expected to reach $7.78 billion by 2028 growing at a CAGR of 7.8% during the forecast period. Industrial PC is a computing platform, which is designed to operate in extreme environment such as high fluctuation in temperature, humidity, moisture and aggressive dust. Industrial PCs are similar to desktop PCs, which are used personally and commercially in terms of processing, storage, and communications, and offer flexible interface. These PCs are comparatively more expensive, reliable, efficient, and less power-consuming devices, which have a long service life.

Market Dynamics:

Driver:

High demand for industrial IoT by manufacturing companies

Manufacturing companies across several industries are actively adopting the Industrial Internet of Things (IIoT) at their sites to optimize their resources and costs. This enables them to connect through a wide network of intelligent devices to automate manufacturing plants and generate a high volume of manufacturing data using industrial PCs for data acquisition and process control. In February 2021, Cisco partnered with Newark, an Avnet Company, to offer North American customers industrial IoT network solutions for harsh and non-carpeted environments. Advanced industrial PCs are used in the manufacturing industry to achieve increased productivity, efficiency, and uptime. Industrial PCs are explicitly designed for harsh industrial environments primarily used for data acquisition and process control applications. These PCs help connect data, people, and machines in real time to control manufacturing operations.

Restraint:

High initial investment

Industrial PCs aid in real-time planning, controlling, and monitoring of operations to increase the productivity and efficiency of manufacturing plants. These PCs offer greater visibility of manufacturing plants' operations, supply, and distribution activities and deliver better-informed decisions based on end-user demand patterns. Still, startups and SMEs are not able to afford the high investments required for their procurement. They are used for automation processes, which is one of the most expensive processes adopted by factories. Many unforeseeable charges, including R&D, preventive maintenance, and repairs, may outweigh the actual cost savings from implementing automation. The cost of training connected with the operation of industrial PCs and the space taken by them restrains market expansion.

Opportunity:

Growing deployment of smart manufacturing solutions

The demand for smart manufacturing solutions is growing rapidly due to advanced technologies across the manufacturing sector, rapid industrialization, and infrastructure development. The focus on alternative energy sources, such as renewable energy, has increased considerably to meet the increasing global demand. Therefore, several manufacturing companies are investing heavily in renewable energy projects. According to the UN Environment Programme (UNEP), the global investment in new renewable energy capacity crossed USD 2.5 trillion in 2019. With the growth in the renewable energy sector, the demand for industrial PCs is expected to increase in the coming years. The growing energy demand can only be met by efficient electricity production, which would require improved efficiency, flexibility in production facilities, and close monitoring by operators.

Threat:

Risks associated with integration of IPC

Operational efficiency of industrial PCs is both an asset and a liability at the same time. It may pose security risks, but simplifies the adding of functionality to scale up duties and include additional features in one box, such as energy management, access control, condition monitoring, FSM, data communication, etc. OEMs and end users should question their automation vendors about their future and total capabilities in terms of automation, not only IPC models.

The discrete industries segment is expected to have the highest CAGR during the forecast period

The discrete industries segment is growing at the highest CAGR in the market. The discrete industries are often characterized by the production of individual or separate units; wherein units can be produced in low volume with high complexity or high volumes with low complexity. The increasing demand for improved process flexibility and enhanced efficiency, comprehensive integration of quality and regulatory requirements, harmonized production processes for optimum supply chain management, and the constant pressure of reducing maintenance and operation costs in the discrete industries are expected to propel the adoption of industrial PCs in these industries in the near future.

Region with highest share:

North America is projected to hold the largest share in the market. Adoption of robots assists the industries in reducing labor cost there by providing opportunities for industrial PCs during forecast period. Adding to this, In U.S., Many manufacturing companies have started implementing robots to increase productivity and improve efficiency. Monitoring of robots require high quality industrial PCs which set to drive the market growth.

Region with highest CAGR:

The Asia Pacific is projected to have the highest CAGR due to the factors such as rapid industrialization, increasing infrastructural investments in the energy and power sector, and favorable government policies encouraging the foreign players to enter the industrial PC market.

Key players in the market:

Some of the key players profiled in the Industrial Personal Computer (PC) Market include Mitsubishi Electric Corporation, Rockwell Automation, Siemens AG, Schneider Electric SE, Industrial PC Inc, Protech Technologies, General Electric Co, Beckhoff Automation GmbH & Co KG, Omron Corporation, Crystal Group Inc, The Contec Group, Acnodes, Advantech CO, Four-Faith, Kontron AG, Phoenix Contact, Vartech Systems Inc, and Logic Supply.

Key developments:

In August 2020: Advantech had launched palm size embedded industrial PC. The product includes features such as intelligent software integrated for remote system monitoring and management. This motherboard combines high computing performance with diverse I/O ports and M.2 expansion slots, yielding an ideal solution for sophisticated digitalized applications, specifically those that require a small footprint and/or kiosk integration, as well as medical and factory automation applications.

In February 2019: Mitsubishi Electric Corporation had launched MI3000 model industrial computers and extended its MELIPC series of industrial PCs for edge computing and control applications in factory automation.

Technologies Covered:
Capacitive
Resistive

Types Covered:
Rack Mount Industrial PC
Box Industrial PC
Thin Client Industrial PC
Panel Industrial PC
Embedded Panel PC
Embedded Box Industrial PC
Deutsches Institut fur Normung (DIN) Rail Industrial PC with Input/Output

Maximum RAM Capacities Covered:
512 KB to 512 MB
512 MB to 3 GB
3 GB to 8 GB
8 GB to 64 GB
More Than 64 GB

Data Storage Mediums Covered:
Rotating
Hard Disk Drive (HDD)
Solid State Drive (SSD)

Sales Channels Covered:
Indirect Sales
Direct Sales

Operating Temperatures Covered:
-45°C TO 0°C
0°C To 100°C

End Users Covered:
Discrete Industries
Process Industries
Service Industries

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances