Industrial PC Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Industrial PC Market: Overview
Industrial PCs are high-performing computing solutions that aid in planning, controlling, and monitoring industrial operations in real-time. These systems are installed for data acquisition and process control needs with the objective to increase productivity and enhance operational efficiency.
However, industrial PCs have an additional cost as they are equipped with additional capabilities. Their capabilities include optimizing supply and distribution activities in manufacturing units and aid in informed decision making to cater to end-user demand patterns.
Global Industrial PC Market: Key Trends
The increasing penetration of IoT in manufacturing industries, increasing demand for energy-efficient manufacturing operations, high R&D investments by manufacturing companies to promote the use of industrial PCs, and rising emphasis on regulatory compliances are the major factors boosting the growth of industrial PC market.
However, the growth of the market is challenged due to high initial setup cost related to installation of industrial PCs and increasing security threats for loss of crucial information.
Panel industrial PCs stood as the leading hardware segment in the recent past. The growth of the segment is attributed to their distinguishing features such as high-performance platform, compact chassis, better safety control, enhanced flexibility, and user-friendly touchscreens. These are most commonly used industrial PCs for process control and data acquisition operations in process and discrete industries.
Oil and gas is expected to emerge as a significant end-use industry for industrial PCs. At present, the oil and gas industry is undergoing a transformation to enhance operational efficiency and to address environmental concerns. With growing demand for downtime logistically as well as commercially, need to curtail the use of fossil fuels, increasing environmental concerns related to CO2 emissions, and fluctuating oil prices the production landscape in the oil and gas industry is undergoing a transformation. Companies in the oil and gas companies are focused on adopting new technologies for improving production processes with the objective to reduce costs and maintain ecological balance at the same time.
Global Industrial PC Market: Market Potential
End-users of industrial PCs are striving to switch to advanced industrial PCs that overcome the loopholes of legacy machines. In a recent industry development, Winpak Ltd. – the packaging major has transformed its production line with powerful and distributed controls. The company has installed Beckhoff’s C6925 industrial PC embedded with Window 7, which is best-suited for the company’s packaging operations after the phase out of Windows XP-based servo-driven machines.
Global Industrial PC Market: Regional Outlook
North America stood as the leading regional market for industrial PC in the recent past. The industrial manufacturers in the region are focused on adopting advanced technologies to improve their production processes for optimum output. In addition, industrial manufacturers expect industrial processes to be in-line with the quality and regulatory requirements for optimum output. This has boosted the adoption of industrial PC for industrial processes so as to have higher flexibility, production processes to be in harmony with supply-chain management, integration of quality requirements with regulatory stipulations, and to reduce maintenance and operation costs in discrete industries.
Moreover, several key players are making investments in the North America industrial PC market, thereby benefitting this regional market.
Global Industrial PC Market: Competitive Landscape
Some of the key players operating in the global industrial PC market are Advantech Co. Ltd., General Electric Co., Mitsubishi Electric Corporation, Panasonic Corporation, Schneider Electric, Beckhoff Automation Gmbh & Co., Kontron AG, OMRON Corporation, Rockwell Automation Inc., Siemens AG, and KG.
Top players in the market are focused on developing newer products, collaborations, and acquisitions to expand their product portfolio and stay competitive in the market.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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