Industrial Control Products Manufacturing
Description
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 automation and control systems market is forecast to reach about $380 billion by 2030, at a compound annual growth rate (CAGR) of 10%, according to KBV Research. Top countries for manufacturing, which include industrial control products manufacturing, include China, Germany, Japan, South Korea, and the US - highly industrialized countries, according to Safeguard Global. 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 combined 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 general-purpose industrial controls, which account for about 45% of the industry revenue, followed by other general-purpose controls (about 30%) and specific-purpose industrial controls (more than 20%). Other products include flow actuated electrical switches, crane and hoist controls, and marine auxiliary controls. Companies may also offer integrated systems that combine hardware, software, and communications components to control customers' industrial and manufacturing processes.
A relay is an electrically operated switch. Relays are used to open or close an electrical circuit. Common mechanical relays have a solenoid, which is a coil of wire with an enclosed iron core. Passing electricity through the wire creates a magnetic field that energizes the core. An armature connected to the core moves when actuated magnetically and moves or "trips" the relay. Solid state relays have no moving parts and are activated by electrical pulses.
Industrial controls and relays are made using purchased finished products, such as computer chips, and commodity materials such as plastics and resins, copper, aluminum and steel. Assembly operations are highly automated.
The global industrial automation and control systems market is forecast to reach about $380 billion by 2030, at a compound annual growth rate (CAGR) of 10%, according to KBV Research. Top countries for manufacturing, which include industrial control products manufacturing, include China, Germany, Japan, South Korea, and the US - highly industrialized countries, according to Safeguard Global. 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 combined 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 general-purpose industrial controls, which account for about 45% of the industry revenue, followed by other general-purpose controls (about 30%) and specific-purpose industrial controls (more than 20%). Other products include flow actuated electrical switches, crane and hoist controls, and marine auxiliary controls. Companies may also offer integrated systems that combine hardware, software, and communications components to control customers' industrial and manufacturing processes.
A relay is an electrically operated switch. Relays are used to open or close an electrical circuit. Common mechanical relays have a solenoid, which is a coil of wire with an enclosed iron core. Passing electricity through the wire creates a magnetic field that energizes the core. An armature connected to the core moves when actuated magnetically and moves or "trips" the relay. Solid state relays have no moving parts and are activated by electrical pulses.
Industrial controls and relays are made using purchased finished products, such as computer chips, and commodity materials such as plastics and resins, copper, aluminum and steel. Assembly operations are highly automated.
Table of Contents
- Industry Overview
- Quarterly Industry Update
- Business Challenges
- Business Trends
- Industry Opportunities
- Call Preparation Questions
- Financial Information
- Industry Forecast
- Web Links and Acronyms
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