Industrial Control Products Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 5/13/2024
SIC Codes: 3625
NAICS Codes: 335314
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Industrial Control Products Manufacturing Industry Profile

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 $300 billion by 2028, 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.


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.


Major products include general-purpose industrial controls, which account for about 45% of ...

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