Advent of Industrial Internet of Things (IIoT) in Manufacturing Sector to Drive Sales of Industrial PC at 7.4% CAGR
Industrial PC Market to Top US$ 12.3 Bn by 2032 Amid Rising Demand for Smart Energy Solutions Worldwide
The industrial PC market study published by Fact.MR provides a comprehensive outlook of key drivers expected to influence the demand and sales in the market. The study also highlights the latest developments, opportunities, and other factors across major geographies and segments including type and industry for the forecast period 2022-2032.
NEW YORK, April 13, 2022 /PRNewswire/ -- Total sales of industrial PC are projected to top US$ 6 Bn in 2022. Exhibiting growth at a CAGR of 7.4%, the industrial PC market is slated to reach a US$ 12.3 Bn by the end of 2032.
With the advent of artificial intelligence (AI), Industrial Internet of Things (IIoT), and 5G technologies across energy and power, automotive and other industries, the application of industrial PC is expected to surge.
Similarly, growing demand for a computing platform with climatic condition resistance, energy-efficiency, and longer service life in the manufacturing sector is estimated to create remunerative opportunities for the industrial PC market.
Furthermore, rising need for smart energy solutions such as CNC machines and panel PCs, along with advancements in IT infrastructure, is projected to boost the market in the forthcoming years.
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Remote monitoring of industrial processes through solutions such as manufacturing execution systems (MES) and plant asset management (PAM) improve operational decisions. Industrial PCs enable automated production operations, which, in turn, will drive sales over the forecast period.
In addition to this, the integration of Big Data analytics and machine learning in PCs is anticipated to help manufacturers make data-driven decisions, thereby spurring demand in the market.
Besides, sales of industrial PCs are projected to surge owing to their valuable features such as high productivity, low total cost of ownership (TCO), and increased uptime.
According to the United Nations Environment Programme (UNEP), the global investment in renewable energy capacity exceeded USD 2.5 trillion in 2019. This is encouraging manufacturing companies to invest in renewable energy projects, fueling the sales of industrial PC.
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Some of the key players in the global industrial PC market are focusing on expanding their production capacities to improve sales. Furthermore, they are also investing in technological advanced equipment to enhance their product line and to strengthen their global footprint.
Key Companies Profiled by Fact.MR
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A detailed study on the global industrial PC market provides a complete view of the existing market scenarios to aid readers gain insights into factors influencing sales in the market. It also offers an unbiased analysis for the forecast period of 2022 to 2032, focusing on key drivers, recent trends, opportunities, challenges, and other factors encouraging growth in the industrial PC market through detailed segmentation as follows:
Key Questions Covered in the Industrial PC Market Report
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