Valued to be $5.4 Billion by 2026, Industrial PC Slated for Robust Growth Worldwide
SAN FRANCISCO, March 22, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Industrial PC - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
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Edition: 10; Released: February 2022
Executive Pool: 18582
Companies: 96 - Players covered include AAEON Technology Inc.; ABB Ltd; Acnodes; ADLINK Technology Inc.; Advantech Co., Ltd.; American Portwell Technology, Inc.; ASEM S.r.l.; Avalue Technology Inc.; Beckhoff Automation GmbH & Co. KG; Bernecker + Rainer Industrie Elektronik GmbH; Crystal Group Inc.; DFI America LLC; Emerson Electric Co.; IEI Integration Corp.; Industrial PC Inc.; Kontron S&T AG; Logic Supply, Inc. dba (OnLogic); Mitsubishi Electric Corporation; NEXCOM International Co Ltd.; Omron Corporation; Panasonic Corporation; Phoenix Contact; Protech Systems Co., Ltd.; Rockwell Automation, Inc.; Schneider Electric; Siemens AG; The Contec Group; Vartech Systems Inc.; Xiamen Four-Faith Communication Technology Co., Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Type (Panel, Rack Mount, Box, Embedded, DIN Rail); End-Use (Discrete Industries, Process Industries)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.
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ABSTRACT-
Global Industrial PC Market to Reach $5.4 Billion by 2026
Industrial PC (IPC) relate to personal computers which are employed for industrial processes. They are mainly employed for data acquisition and/or process control purposes. Growth in the global market is being driven by driven by automation, digitization, and other industrial trends. IPCs mainly find application in sectors such as electronics and semiconductor, aerospace and defense, and automotive manufacturing, due to their rising focus on automation and IoT. The growing need for data from the factory floor is expected to fuel the requirement of IPCs for data transfer and analytics. Post the COVID-19 induced downturn, the industrial computers market will be driven by the rising focus on IoT in several industries, move from conventional manufacturing to digitalized production, and rising awareness about resource optimization in the manufacturing sector. Industrial PCs enable companies to augment accuracy and lower operating costs, which helps achieve better quality, safety, and uniformity of products. Further, the growing adoption of smart energy solutions including panel PCs and CNC (computerized numerical control) machines will also aid market growth.
Amid the COVID-19 crisis, the global market for Industrial PC estimated at US$4.4 Billion in the year 2022, is projected to reach a revised size of US$5.4 Billion by 2026, growing at a CAGR of 4.7% over the analysis period. Panel, one of the segments analyzed in the report, is projected to record a 5.5% CAGR and reach US$1.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rack Mount segment is readjusted to a revised 4.3% CAGR for the next 7-year period. Panel PCs are panel mounted and generally include touch screens. Panel PCs offer the advantage of controlling multiple functions at one time.
The U.S. Market is Estimated at $1.2 Billion in 2022, While China is Forecast to Reach $901.7 Million by 2026
The Industrial PC market in the U.S. is estimated at US$1.2 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$901.7 Million by the year 2026 trailing a CAGR of 6.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 3.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR. The Asia-Pacific region leads the global market expansion due to the presence of a significant manufacturing hub in the region, especially in India and China. The growing adoption of robots in industries offers opportunities for the market, as industrial PCs would be required for monitoring such robots.
Box Segment to Reach $996.4 Million by 2026
In the global Box segment, USA, Canada, Japan, China and Europe will drive the 3.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$637.7 Million will reach a projected size of US$824.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$122 Million by the year 2026. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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Zak Ali
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Global Industry Analysts, Inc.
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SOURCE Global Industry Analysts, Inc.
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