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Industrial PC Market worth 4.73 Billion USD by 2022
According to the new market research "Industrial PC Market by Hardware (Panel Industrial PC, Rack Mount IPC, Box IPC, Embedded Box IPC, Embedded Panel IPC and DIN Rail PC), Data Storage Media, Touchscreen Technology, Sales Channel, End-User Vertical, and Geography - Global Forecast to 2022", the industrial PC market is expected to be valued at USD 4.73 Billion by 2022, growing at a CAGR of 6.2% between 2016 and 2022.
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The growth in this market can be attributed to the increasing penetration of IoT across manufacturing industries, high R&D investments by the manufacturing companies to promote the adoption of industrial PCs, rising demand for energy-efficient manufacturing operations, and growing emphasis on regulatory compliances.
“Industrial PC market for solid state data storage medium to grow at a high rate between 2016 and 2022”
Solid-state is robust data storage medium for handling shocks and vibrations in manufacturing plants. It provides high-speed data access. Apart from providing consistent and faster input/output times, solid-state data storage medium offers similar levels of endurance and data integrity as other electronic devices; hence, require lesser cooling and power than its electromechanical equivalents.
“Market for capacitive touchscreen technology-based IPCs likely to grow at a high rate in the coming years”
The market for capacitive touchscreen technology-based IPCs is likely to grow at a high rate between 2016 and 2022. This market growth can be attributed to the advantages of capacitive touchscreen technology-based IPCs over resistive touchscreen technology-based IPCs such as faster response time, higher accuracy, and no requirement for periodic calibrations, among others.
“Direct sales considered as the most preferred sales channel and likely to continue its dominance during the forecast period”
The direct sales channels offer various advantages to the industrial PC manufacturers; they cater to the customization requirements of the end-user industries and eliminate resellers’ markup and the costs and risks associated with carrying large finished goods inventories. Due to these factors, the market for direct sales channels is expected to grow at a high rate during the forecast period.
“Oil and gas industry to hold the largest share of the industrial PC market between 2016 and 2022”
The growing demand for downtime, both logistically and commercially; increasing environmental concerns such as reduction of CO2 emissions; curtailment of fossil fuels usage; and fluctuating oil prices are reshaping the production landscape of the oil and gas industry. The oil and gas companies are focusing on incorporating new technologies in their production processes to reduce costs, while maintaining ecological balance. Due to the aforementioned factors, the industrial PC market for the oil and gas is likely to grow at a significant rate during the forecast period.
“North America to dominate the industrial PC market between 2016 and 2022”
The industrial manufacturers in North America focus on adopting advanced technologies to enhance their production processes and optimize output. The growing demand for improved process flexibility and enhanced efficiency, comprehensive integration of quality and regulatory requirements, harmonized production processes for optimum supply-chain management, and constant pressure of reducing maintenance and operation costs in the discrete industries are boosting the adoption of industrial PCs in this region. Moreover, several major players are increasingly investing in the industrial PC market in North America, thereby propelling the growth of the market in this region.
The major players operating in the industrial PC market include Advantech Co., Ltd. (Taiwan), Beckhoff Automation GmbH & Co., KG (Germany), General Electric Co. (U.S.). Kontron AG (Germany), Mitsubishi Electric Corporation (Japan), OMRON Corporation(Japan), Panasonic Corporation (Japan), Rockwell Automation, Inc. (U.S.), Schneider Electric (France), and Siemens AG (Germany).
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