Industrial Control Products Manufacturing Industry Profile

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Excerpt from Industrial Control Products Manufacturing Industry Profile

Companies in this industry manufacture industrial controls and control accessories such as relays, motor starters, and controllers. Major companies include Emerson Electric, Honeywell, and Rockwell Automation (all based in the US), as well as ABB (Switzerland), Beijing Sifang Automation (China), OMRON (Japan), Schneider Electric (France), and Siemens (Germany).

The global industrial control systems market is forecast to reach about $170 billion by 2026 at an 8.01% compound annual growth rate (CAGR) over the 2021- 2026 forecast period, according to Mordor Intelligence. Top countries for industrial control products manufacturing include China, Germany, Japan, South Korea, and the US - highly industrialized countries. However, developing markets are gaining in worldwide market share.

The US industrial control products manufacturing industry includes about 900 establishments (single-location companies and units of multi-location companies) with annual revenue of about $10 billion.

COMPETITIVE LANDSCAPE

Demand is driven by overall industrial production and by demand for machinery used to automate various types of manufacturing. The profitability of individual companies depends on technological expertise and efficient operations. Large companies have economies of scale in purchasing and greater ability to offer a wide variety of products to a diverse customer base. Small companies can compete by specializing in niche products. The US industry is concentrated: the top 50 companies account for about 70% of industry revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major products include electric and electronic relays, industrial motor starters and controllers, magnet and solid-state control circuit ...

 
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