Technology
Industrial Controls Market to Reach $321.6 billion, Globally, by 2034 at 7.6% CAGR: Allied Market Research
Published
2 years agoon
By
The industrial controls market growth is driven by the increasing adoption of automation across industries to enhance productivity, efficiency, and safety. The rise in Industry 4.0 initiatives, integrating IoT, AI, and cloud computing into manufacturing processes, has significantly boosted demand for advanced control systems. Additionally, the growing emphasis on energy efficiency and regulatory compliance has led industries to invest in smart control solutions. The expansion of industrial sectors such as automotive, oil & gas, pharmaceuticals, and food & beverage further fuels market growth. Moreover, the shift toward wireless and remote monitoring systems, coupled with advancements in robotics and predictive maintenance, is accelerating the adoption of industrial controls.
WILMINGTON, Del., April 21, 2025 /PRNewswire/ — Allied Market Research published a report, titled, “Industrial Controls Market by Control System (Programmable Logic Controllers (PLCs), Distributed Control Systems (DCS), Supervisory Control and Data Acquisition (SCADA), and Others), Component (Surge Protectors, Enclosure Products, PCB Connectors and Terminals, Power Supplies, Industrial Ethernet, and Others), and End User (Automotive, Utility, Electronics and Semiconductors, Mining, and Others): Global Opportunity Analysis and Industry Forecast, 2025-2034″. According to the report, the “industrial controls market” was valued at $157.3 billion in 2024, and is estimated to reach $321.6 billion by 2034, growing at a CAGR of 7.6% from 2025 to 2034.
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212-Tables 85-Charts 426-Pages
Prime determinants of growth
The industrial controls market is expected to witness notable growth owing to growth in adoption of industrial automation, and the rise of Industry 4.0, smart factories, and connected devices, which is boosting demand for advanced control systems with real-time monitoring and predictive maintenance capabilities. Moreover, a rise in demand for robotics and process automation has boosted the demand for industrial controls market growth. However, high initial investment and maintenance costs may hamper the growth of the market. On the contrary, rise in demand for energy-efficient solutions offers potential growth opportunities for the industrial controls market.
Report coverage & details:
Report Coverage
Details
Forecast Period
2025–2034
Base Year
2024
Market Size in 2024
$157.3 billion
Market Size in 2034
$321.6 billion
CAGR
7.6 %
No. of Pages in Report
426
Segments Covered
Control System, Component, End User, and Region
Drivers
• Growth in Adoption of Industrial Automation
• Integration of IOT and AI in Industrial Controls
• Rise in Demand for Large-Scale Production in Manufacturing Sectors
Opportunity
• Expansion Through IOT-Enabled Smart Industrial Controls
• Smart Grid Deployment for Securing Critical Infrastructure from Cyber Threats
Restraint
High Initial Capital Investment and Integration Challenges
The Distributed Control Systems (DCS) segment held the highest market share in terms of revenue in 2024.
On the basis of control system, the Distributed Control Systems (DCS) segment held the highest market share in 2024, accounting for more than two-fifths of the global industrial controls market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to its widespread adoption in large-scale industrial processes that require centralized monitoring and control. DCS solutions offer high reliability, scalability, and real-time process automation, making them essential in industries such as oil & gas, power generation, chemicals, and pharmaceuticals. In addition, the integration of Industrial IoT (IIoT), AI-driven automation, and cloud-based analytics has further enhanced the efficiency and functionality of DCS, thus driving its demand. However, the Programmable Logic Controllers (PLCs) segment is projected to manifest the highest CAGR of 9.0% from 2025 to 2034.
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The Industrial Ethernet segment held the highest market share in terms of revenue in 2023.
On the basis of component, the industrial ethernet segment held the highest market share in 2024, accounting for more than one-fourth of the global Industrial controls market revenue and is estimated to maintain its leadership status throughout the forecast period. In addition, the Industrial Ethernet segment is projected to manifest the highest CAGR of 9.0% from 2025 to 2034, owing to the increasing demand for high-speed, reliable, and scalable industrial communication networks. The growing adoption of Industry 4.0, smart factories, and IIoT-based automation solutions has accelerated the need for real-time data exchange, remote monitoring, and predictive maintenance, all of which are enabled by Industrial Ethernet.
Utility held the highest market share in terms of revenue in 2024.
On the basis of end user, the utility segment held the highest market share in terms of revenue in 2024, accounting for more than one-fourth of the industrial controls market revenue owing to increasing adoption of automation and smart grid technologies in power generation, water treatment, and energy distribution sectors. The growing demand for efficient power management, real-time monitoring, and grid stability solutions has driven the integration of industrial control systems such as SCADA, PLCs, and DCS in utility operations.
Asia-Pacific dominated the market in 2024.
On the basis of the region, Asia-Pacific held the highest market share in terms of revenue in 2024, accounting for more than two-fifths of the industrial controls market revenue owing to rapid industrialization, expanding manufacturing sectors, and significant investments in automation technologies across key economies such as China, India, Japan, and South Korea. The region’s strong presence in automotive, electronics, oil & gas, and energy industries has driven the demand for industrial control systems such as PLCs, SCADA, and DCS to enhance efficiency, productivity, and operational safety.
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Industrial Controls Market Key Players: –
ABB Ltd.Schneider ElectricHoneywell International Inc. Emerson Electric Co.Omron CorporationYokogawa Electric CorporationSiemensMitsubishi Electric CorporationRockwell Automation, Inc.KEYENCE CORPORATION
The report provides a detailed analysis of these key players in the industrial controls market. These players have adopted different strategies such as product launch, product development, partnership, investment, acquisition, and others to increase their market share and maintain dominant shares in different regions. For instance, in February 2024, Schneider Electric, in collaboration with Intel and Red Hat, unveiled a new Distributed Control Node (DCN) software framework aimed at advancing open automation in industrial settings. This initiative extends Schneider Electric’s EcoStruxure Automation Expert, enabling industries to transition to a software-defined, plug-and-produce model that enhances operations, ensures quality, reduces complexity, and optimizes costs.
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Industrial Controls Market Segmentation Overview:
By Control System
Programmable Logic Controllers (PLCs)Distributed Control Systems (DCS)Supervisory Control and Data Acquisition (SCADA)Others
By Component
Surge ProtectorsEnclosure ProductsPCB Connectors and TerminalsPower SuppliesIndustrial EthernetOthers
By End User
AutomotiveUtilityElectronics and SemiconductorsMiningOthers
By Region
North America: U.S., Canada, MexicoEurope: UK, Germany, France, Italy, Rest of EuropeAsia-Pacific: China, Japan, India, South Korea, Rest of Asia-PacificLAMEA: Latin America, Middle East, Africa
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Investors in Volkswagen Group of America Finance, LLC 144A Bonds may be entitled to a Payment from an SEC Distribution Fund
Published
29 minutes agoon
November 2, 2026By
SAN FRANCISCO, Nov. 2, 2026 /PRNewswire/ — The following statement is being issued regarding the VW Distribution Fund.
UNITED STATES SECURITIES AND
EXCHANGE COMMISSION,
Plaintiff,
vs.
VOLKSWAGEN “CLEAN DIESEL”
MARKETING, SALES PRACTICES, AND
PRODUCTS LIABILITY LITIGATION
Defendant.
MDL No. 2672 CRB (JSC)
and
U.S. SEC v. Volkswagen AG,
No. 3:19-cv-1391 CRB
VW DISTRIBUTION FUND
SUMMARY DISTRIBUTION PLAN NOTICE
The United States Securities and Exchange Commission authorized this Notice.
This is not a solicitation from a lawyer.
Who is Eligible to Participate in the Distribution Fund?
If you purchased or otherwise acquired 144A Bonds issued in Volkswagen Group of America Finance, LLC (“VWGoAF”)’s November 20, 2014, offering and/or May 22, 2015, offering (collectively, the “Securities”) during the period from November 20, 2014, through September 18, 2015 (the “Relevant Period”), and suffered losses due to the misconduct alleged in the Complaint, you may be entitled to receive a payment from the VW Distribution Fund.
Defendants paid a total of $48,750,000 into the Distribution Fund.
The administration of the Distribution Fund is governed by the Plan developed by the Securities and Exchange Commission and approved by the U.S. District Court for the Northern District of California on September 3, 2026. A copy of the Plan, which contains a description of eligibility and other conditions of participation, is available at www.VWDistributionFund.com.
Calculation of Distribution Payments
Each Eligible Claimant’s Recognized Loss is determined by the calculations outlined in the Plan of Allocation (Exhibit A to the Plan of Distribution). If the Net Available Distribution Fund is less than the sum of the Recognized Losses of all Eligible Claimants, each Eligible Claimant’s distribution amount will be equal to his, her or its “Pro Rata Percentage” of the Net Available Distribution Fund. If sufficient funds are available, an Eligible Claimant may receive the recognized loss less any Prior Recovery, plus any Reasonable Interest. If an Eligible Claimant’s distribution amount is less than the Minimum Distribution Amount of $250.00, that Eligible Claimant will be deemed ineligible to receive a Distribution Payment.
How to Participate
If you believe you may be an Eligible Claimant and wish to participate, submit your Claim Form via the online filing portal available at www.VWDistributionFund.com or mail a completed paper Claim Form, postmarked no later than the Claims Bar Date. When submitting a Claim Form, you must also include acceptable supporting documentation to confirm your transactions and holdings in the Securities, as defined by the Plan.
Claims Bar Date: February 26, 2027, 11:59 PM PT
Website: www.VWDistributionFund.com
Email: Info@VWDistributionFund.com
Phone: 1-888-830-4646
Address: VW Distribution Fund
c/o KCC Class Action Services
Distribution Agent
P.O. Box 301170
Los Angeles, CA 90030-1170
Questions?
This Notice provides only summary information regarding the VW Distribution Fund. We strongly recommend that you consult the information and documentation found on www.VWDistributionFund.com in its entirety.
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SOURCE VW Distribution Fund
Technology
Five TSX Stocks Finished Well Ahead of the Composite in a Week of Results and a Rate Hike
Published
29 minutes agoon
November 2, 2026By
TORONTO, Nov. 02, 2026 /CNW/ — Canada News Group News Commentary – Toronto’s benchmark index gave back ground in the last week of October, but several companies that put out results or other news of their own finished the week with sizable gains. The S&P/TSX Composite Index closed at 35,620.03 on Friday, October 30, down 168.15 points, or 0.47%, from its October 23 close of 35,788.18, according to TMX Money data. To find the stronger performers, Canada News Group compared October 23 and October 30 closing prices published by Stock Analysis for Toronto Stock Exchange companies with a market capitalization of at least C$1 billion, setting aside Canadian Depositary Receipts of foreign companies. The five companies below, with weekly gains ranging from 4.60% to 27.02%, each issued news during the week; they are drawn from that screen and are not presented as a complete ranking of the exchange’s top performers. Active Companies from around the markets with current developments this week include: Bausch Health Companies Inc. (NYSE: BHC) (TSX: BHC), Black Diamond Group Limited (TSX: BDI), Methanex Corporation (TSX: MX) (NASDAQ: MEOH), Precision Drilling Corporation (TSX: PD) (NYSE: PDS), TMX Group Limited (TSX: X).
The central event of the week came on Wednesday, October 28, when the Bank of Canada raised its target for the overnight rate by 25 basis points to 2.5%, putting the Bank Rate at 2.75% and the deposit rate at 2.45%. It was the bank’s first rate change since October 29, 2025, when it cut by the same amount. The bank said CPI inflation has been around 3% since April and is expected to rise to about 3½% by the end of the year, and it described the hike as a step to limit the risk of continuing high energy prices feeding broadly into what Canadians pay for other goods and services. Governing Council said there could be a need to raise the rate further but, given uncertainties, agreed to proceed carefully. The next scheduled rate announcement is December 9.
The index moved higher in each of the first three sessions of the week, closing at 36,265.09 on October 28, the day of the decision. It slipped 16.06 points on Thursday and then fell 629.00 points, or 1.735%, on Friday. Even after that drop, TMX Money data show the S&P/TSX Composite up 12.321% for the year to date.
The week of November 2 brings a full Canadian calendar. Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers are scheduled to appear before the House of Commons Standing Committee on Finance on November 3 and the Standing Senate Committee on Banking, Commerce and the Economy on November 5. Statistics Canada plans to publish September merchandise trade figures on November 4 and the Labour Force Survey for October on Friday, November 6, with releases issued at 8:30 a.m. Eastern. On the earnings side, Shopify plans to announce third-quarter results before markets open on November 3, and Manulife will release its third-quarter results after markets close on November 4.
When one quarterly report can move a stock by double digits in a week the broader index finished lower, knowing what the chart was showing beforehand matters. Stock Preachers covers that in its free Knowledge is Power guide at canadanewsgroup.com/sp, which shows how to weigh a headline against what the chart is doing.
In other industry developments and happenings in the market this week include:
Bausch Health Companies Inc. (NYSE: BHC) (TSX: BHC)
Bausch Health’s Toronto-listed shares closed the week at C$11.47, up 27.02% from C$9.03, including a 28.34% gain on October 29, the day after the company reported its third-quarter results. Consolidated revenues were $2.94 billion, up 10% on a reported basis and 8% on an organic basis, and GAAP earnings per diluted share attributable to Bausch Health were $1.15, compared with $0.48 a year earlier, while adjusted earnings per diluted share rose to $1.77 from $1.16. Excluding Bausch + Lomb, Bausch Health recorded its fourteenth consecutive quarter of year-over-year revenue and adjusted EBITDA growth and raised its full-year 2026 revenue, adjusted EBITDA and adjusted cash flows from operations guidance for that business, while the company updated its consolidated revenue and adjusted EBITDA guidance. Salix segment revenues rose 16% to $831 million. Its board also authorized a $50 million share repurchase program, primarily to offset dilution from management equity awards expected to vest in 2027.
“Our performance reflects disciplined execution across the portfolio, with healthy cash generation supporting more than $500 million of net debt reduction during the quarter,” said Thomas J. Appio, Chief Executive Officer, Bausch Health.
Black Diamond Group Limited (TSX: BDI)
Black Diamond Group shares rose 13.13% over the week to C$21.11, including a 7.38% gain on Friday, October 30. On October 29, the space rental and workforce accommodation provider reported third-quarter total revenue of $159.9 million, up 52% from a year earlier, and adjusted EBITDA of $42.3 million, up 33%, with figures in Canadian dollars. Workforce Solutions revenue rose 127% to $97.9 million, an increase the company said was driven by the contribution of Royal Camp Services Ltd., and the segment’s formal bids outstanding in Canada alone top $2.3 billion, which the company said represents more than double its current fleet capacity. LodgeLink generated record Total Trade Value of $51.5 million. Black Diamond also raised its quarterly dividend by 22% to $0.055 per share, payable on or about January 15, 2027, and on October 30 announced the appointment of Michael Chan to its board.
“His experience and perspective will complement the strengths of our Board as we execute against our long-range strategy, serve our customers and deliver compounding shareholder value,” said Trevor Haynes, Chairman and CEO of Black Diamond Group.
Methanex Corporation (TSX: MX) (NASDAQ: MEOH)
Methanex shares finished the week at C$99.85, up 12.81% from C$88.51, with a 13.76% gain on October 30 alone. In third-quarter results released October 29 and stated in U.S. dollars, the methanol producer reported net income attributable to Methanex shareholders of $265 million, or $3.42 per diluted share, compared with $198 million, or $2.45 per diluted share, in the second quarter, and Adjusted EBITDA of $543 million. It produced 2,143,000 tonnes of methanol, with record North American production. The average realized price was $510 per tonne, compared with $529 per tonne in the second quarter, and based on its October and November posted prices and current spot pricing, the company expects an average realized price of approximately $525 to $550 per tonne for those two months. Methanex generated $646 million of cash flows from operating activities, ended the quarter with $912 million in cash and, subsequent to the quarter, announced approval of a 5% normal course issuer bid to repurchase up to 3,868,213 common shares through November 3, 2027.
“Our enhanced asset base continued to run well, particularly in North America, helping to drive another quarter of strong Adjusted EBITDA and cash flow,” said Rich Sumner, President & CEO of Methanex.
Precision Drilling Corporation (TSX: PD) (NYSE: PDS)
Precision Drilling shares rose 12.48% over the week to C$148.12. On October 27, the drilling contractor reported third-quarter results in Canadian dollars, with revenue of $532 million, up 15% from $462 million a year earlier, Adjusted EBITDA of $125 million, up 6%, and net earnings attributable to shareholders of $21 million, compared with a net loss of $7 million in the third quarter of 2025. Canada averaged 73 active rigs, up 16%, and the U.S. averaged 43 active rigs, up 19%, growth the company said outpaced the U.S. industry’s 10% increase in activity. Cash provided by operations of $71 million in the quarter allowed for the repurchase of $31 million of common shares, and the company revised its 2026 capital budget from $265 million to a range of $275 million to $285 million to accommodate long-lead deliveries and a pending upgrade opportunity that would have multiple rigs contracted through 2029 for a large Canadian producer.
“We are delivering on what we set out to accomplish in 2026: growing revenue and deepening customer relationships, generating free cash flow, and returning capital to shareholders,” said Carey Ford, Precision’s President and CEO.
TMX Group Limited (TSX: X)
Shares of TMX Group, whose operations include Toronto Stock Exchange, TSX Venture Exchange and Montréal Exchange, rose 4.60% over the week to C$60.07, including a 5.28% gain on October 30. In third-quarter results released October 29, the company reported revenue of $491.1 million, up 17% from $418.6 million a year earlier, and adjusted diluted earnings per share of $0.63, up 21% from $0.52. Diluted earnings per share were $0.38, down 12% from $0.43, including a 10 cent per share decrease related to net foreign exchange losses. Revenue excluding recent acquisitions grew 11%, and during the quarter TMX completed the acquisitions of Cboe Australia, renamed TMX Australia Exchange, and RAFI Indices for an aggregate of US$635.2 million ($883.1 million) in cash.
“As a result of the steps forward we have taken this year, TMX is better positioned to compete: more resilient, more responsive and better able to solve complex challenges for our growing client base around the world,” said John McKenzie, Chief Executive Officer of TMX Group.
Each of the five companies above put fresh results or corporate news in front of investors last week, and the coming days bring more quarterly reports, October jobs data and two committee appearances by the Bank of Canada’s governor and senior deputy governor. Canadian investors who want a framework for judging TSX moves around earnings and jobs data before they happen can pick up the free Stock Preachers guide, along with The Roadmap market reports, at canadanewsgroup.com/sp.
Contact Information:
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This article is independent news commentary. Canada News Group is wholly owned and operated by Market Equities Limited (“MEL”), a company incorporated under the laws of Ireland. MEL has not been paid by any company mentioned in this article. MEL and its owners, operators, directors, and affiliates do not currently own any shares of the companies mentioned in this article, but reserve the right to, and will, buy and sell shares of those companies at any time without further notice. Weekly price changes compare Toronto Stock Exchange closing prices in Canadian dollars on October 23 and October 30, 2026, as published by Stock Analysis (stockanalysis.com), for TSX-listed companies with a market capitalization of at least C$1 billion on its Toronto Stock Exchange list, excluding Canadian Depositary Receipts; a small number of listings could not be checked. S&P/TSX Composite Index levels for October 23 through October 30, 2026 are from TMX Money price history data. Company financial figures are as reported by each company in its stated currency. Policy and calendar references are drawn from the Bank of Canada’s October 28, 2026 rate announcement and upcoming events page, Statistics Canada’s release schedule for November 2 to 13, 2026, and announcements by Shopify (October 6, 2026) and Manulife (October 22, 2026), and scheduled events may change. Information is drawn from company news releases and filings, government and industry data, published reporting and third-party data believed to be reliable, but its accuracy is not guaranteed. Investing in securities carries risk, including the loss of some or all of your investment. This document is governed by the laws of Ireland.
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SOURCE Canada News Group
Technology
ZIM to Release Third Quarter 2026 Results on Wednesday, November 18, 2026
Published
29 minutes agoon
November 2, 2026By
HAIFA, Israel, Nov. 2, 2026 /PRNewswire/ — ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced today that the Company will release its third quarter 2026 financial results on Wednesday, November 18, 2026, before the U.S. financial markets open. Management will host a conference call and webcast (along with a slide presentation) to review the results and provide a corporate update at 8:00 AM ET.
The call (and slide presentation) will be available via live webcast on ZIM’s website, located at the following link. Following the conclusion of the call, a replay of the conference call will be available on the Company’s website.
About ZIM
Founded in Israel in 1945, ZIM (NYSE: ZIM) is a leading global container liner shipping company with operations in more than 90 countries, serving over 30,000 customers across more than 300 ports worldwide. ZIM leverages digital strategies and a commitment to ESG values to provide customers innovative seaborne transportation and logistics services and exceptional customer experience. ZIM’s differentiated global-niche strategy, based on agile fleet management and deployment, covers major trade routes with a focus on select markets where the company holds competitive advantages. Additional information about ZIM is available at www.ZIM.com.
ZIM Contacts
Media:
Yifat Ginzberg
ZIM Integrated Shipping Services Ltd.
+972-4-865-2249
media@zim.com
Investor Relations:
Elana Holzman
ZIM Integrated Shipping Services Ltd.
+972-4-865-2300
holzman.elana@zim.com
Leon Berman
The IGB Group
212-477-8438
lberman@igbir.com
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SOURCE ZIM Integrated Shipping Services Ltd.
Investors in Volkswagen Group of America Finance, LLC 144A Bonds may be entitled to a Payment from an SEC Distribution Fund
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