Europe Control Systems Market Summary, Competitive Analysis and Forecast to 2027

Europe Control Systems Market Summary, Competitive Analysis and Forecast to 2027
Summary

Control Systems in Europe industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key HighlightsThe control systems market is made up of programmable logic controllers (PLC) and distributed control systems (DCS). It does not include PC-based control systems and software. A control system is a device, or set of devices, that manages, commands, directs, or regulates the behaviour of other device(s) or system(s). Industrial control systems are used in industrial production.The European control systems market had total revenues of $8.2 billion in 2022, representing a compound annual growth rate (CAGR) of -0.5% between 2017 and 2022.The DCS segment accounted for the market's largest proportion in 2022, with total revenues of $4.1 billion, equivalent to 50.7% of the market's overall value.The market growth in 2022 is attributed to industrialization; growing demand for industrial automation such as soft and hard automation, programmable automation, and integrated automation; rising demand for operational efficiency in the manufacturing sector; and reducing overall manufacturing cost.ScopeSave time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the control systems market in EuropeUse the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the control systems market in EuropeLeading company profiles reveal details of key control systems market players’ global operations and financial performanceAdd weight to presentations and pitches by understanding the future growth prospects of the Europe control systems market with five year forecasts by both value and volumeReasons to BuyWhat was the size of the Europe control systems market by value in 2022?What will be the size of the Europe control systems market in 2027?What factors are affecting the strength of competition in the Europe control systems market?How has the market performed over the last five years?Who are the top competitors in Europe's control systems market?