The global industrial PC market size is expected to grow from USD 4.6 billion in 2021 to USD 6.1 billion by 2026 at a CAGR of 5.8%. An industrial PC (IPC) refers to a PC-based computing platform used for industrial applications. Major factors driving the growth of the market include high demand for industrial IoT by manufacturing companies, steady move of manufacturing sector toward digitalization, increased awareness about resource optimization in manufacturing firms, and stringent regulatory requirements to ensure safety and security in production plants.
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The market for DIN rail IPC is expected to grow at the highest CAGR from 2021 to 2026 within the global industrial PC market. DIN rail IPCs have a compact design with flexible display options and various I/O modules, thereby allowing a space-saving industrial controller in the control cabinet. These IPCs are high-performing computing solutions, which are tailor-made depending on the complexity of the manufacturing control tasks. DIN rail IPCs are used in the military, traffic and transportation, industrial, and medical sectors. The growing popularity of DIN rail IPCs can be attributed to the consistently growing demand for connected factory and enterprise networks from manufacturing enterprises, a rising belief of the process control engineers in the IPC-based technology for controlling tasks in manufacturing plants, and increasing demand for efficient information flow across production facilities.
The industrial PC market for direct sales is estimated to grow at a higher CAGR from 2021 to 2026. 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 & risks associated with carrying large finished goods inventories. Due to these factors, the market for direct sales channels is expected to grow at the highest rate during the forecast period.
The discrete industries are expected to register a higher CAGR in the industrial PC market during the forecast period. The discrete industries are often characterized by the production of individual or separate units; wherein units can be produced in low volume with high complexity or high volumes with low complexity. The increasing demand for improved process flexibility and enhanced efficiency, comprehensive integration of quality and regulatory requirements, harmonized production processes for optimum supply chain management, and the constant pressure of reducing maintenance and operation costs in the discrete industries are expected to propel the adoption of industrial PCs in these industries in the near future. Also, the advent of novel technologies and materials, an increasing number of players venturing in the market, and rising necessity of sustained plant productivity and efficiency, among others, are expected to fuel the growth of the industrial PC market for discrete industries.
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APAC is expected to be the fastest-growing market for industrial PCs during 2021—2026. Factors such as rapid industrialization, increasing infrastructural investments in the energy and power sector, and favorable government policies encouraging the foreign players to enter the industrial PC market in APAC are expected to augment the growth of the market during the forecast period. The high-tech medical devices manufacturing companies are actively focusing on geographical expansions due to the growing demand for healthcare services, increasing concern pertaining to health, and rising investments in R&D. This is likely to fuel the growth of the industrial PC market in APAC during the forecast period.
