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Industrial control market driven by the need to reduce human labour costs

Press Release   •   Feb 28, 2013 10:05 GMT

The industrial control market has been forecast to increase at a compound annual growth rate (CAGR) of approximately 7.6% between 2010 and 2016, with the industry anticipated to hit a market value of $185 billion by 2016.

Industrial control is a general term that encompasses several types of control systems used in industrial production, including supervisory control and data acquisition (SCADA) systems, distributed control systems (DCS), and other smaller control system configurations such as programmable logic controllers (PLC) often found in the industrial sectors and critical infrastructures.

Industrial controls are typically used in industries such as electrical, water, oil, gas and data. Based on information received from remote stations, automated or operator-driven supervisory commands can be pushed to remote station control devices, which are often referred to as field devices.

Field devices control local operations such as opening and closing valves and breakers, collecting data from sensor systems, and monitoring the local environment for alarm conditions.

The various subsets of automation include robotics, control systems, IT systems, and manufacturing execution systems (MES), all chiefly responsible for reducing human interaction in the process, thus, lowering labour and production costs, and increasing throughput or production output.

The other common industry terms for the capabilities, components, and aspects of automation include human machine interface (allowing for system operator and human supervision), distributed control systems (DSC), SCADA, conveyor belts, conveyance systems, and programmable logic controllers (PLC).

Robotics, particularly robotic arms, are common features in factory automation due to their precision, reduction in human labour costs, advantages in handling, and reduction of human risks and exposure to production hazards.

Key players currently dominating the industrial control market include Siemens (Germany), ABB (Switzerland), Emerson Process Management (U.S.), Rockwell Automation (U.S.), Schneider Electric (France), Honeywell (U.S.), Omron (Japan), Yokogawa (Japan) and others.

For more information on the industrial control market, see the latest research: Industrial Control Market

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