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Industrial PC Market Size to Record $1.75 Billion Growth from 2023-2027
May 3, 2024 | PRNewswireEstimated reading time: 3 minutes
The global industrial pc market size is estimated to grow by USD 1.75 billion from 2023 to 2027, according to Technavio. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of almost 6.29% during the forecast period.
Key Trends Fueling Growth
Demand for industrial PCs in the wind and solar power monitoring:
The rise of renewable energy has sparked a surge in the application of embedded industrial PCs in solar and wind power generation. These robust computers play a pivotal role in wind farms, serving as the primary controller for turbines. They manage power distribution, adjust settings based on wind conditions, record crucial data, and flag any operational issues.
With automation gaining traction in wind turbines, users prefer a unified system comprising embedded PCs, EtherCAT fieldbus systems, and software for seamless control, synchronization, and communication. Equipped with advanced processors, industrial PCs offer enhanced performance and durability, withstanding the harsh conditions of wind farms, including offshore installations.
Vendors like Beckhoff Automation facilitate remote monitoring with multi-user web applications for their embedded PCs. In wind turbines, industrial PCs are crucial for managing pitch systems, ensuring operational safety by adjusting rotor blade angles in real-time.
Similarly, in solar energy, industrial PCs play a vital role in optimizing efficiency through solar tracking technology. As the shift towards renewable energy accelerates globally, the demand for industrial PCs in solar and wind power generation is set to soar, driving market growth in the foreseeable future.
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Major Challenges:
High cost and design complexity
Industrial PCs are pricier than regular PCs due to their higher initial cost. They also need to work well with older devices in industries, which makes the setup complicated. Compatibility problems arise because industrial PCs need to work with new automation and control technology.
The many components involved, like networking systems and sensors, can cause issues with interoperability. Industrial PCs are tricky to design, needing operators with good technical knowledge. Embedded industrial PCs, in particular, need hardware and software to be designed together effectively.
Designing them involves thinking about things like protocols and compatibility with the system. They also need to handle tasks like video and wireless networking. All these challenges could slow down the growth of the market in the future.
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Analyst Review
The Industrial PC (IPC) market encompasses a broad array of sectors, including energy and power, process industries, automotive, healthcare, aerospace and defense, semiconductor and electronics, oil and gas, and chemical. Key components of this market include rugged IPCs designed for harsh environments, such as those with dust and water protection and fanless cooling technologies.
These IPCs cater to various needs, including operational intelligence, asset management, automation tools, and factory tasks. With the advent of Industry 4.0 and the proliferation of cyber-physical systems, cybersecurity concerns have become paramount, necessitating measures such as encryption, firewalls, intrusion detection systems, and secure boot mechanisms.
Additionally, the integration of AI, IoT, and Big Data analytics has revolutionized data processing, decision-making, predictive maintenance, and quality control in industrial settings.
As communication gateways and visualization gateways facilitate connected factory networks, the demand for IPCs with cableless connectivity and advanced touchscreen technologies, like resistive and capacitive touchscreens, continues to rise. IPC vendors operate through both direct and indirect sales channels to cater to the diverse needs of their customers.
Market Overview
The Industrial PC Market is experiencing significant growth due to the increasing demand for IT infrastructure in industrial settings. With the rise of Industrial IoT and the need for robust IT networks, companies are focusing on Panel IPC solutions with fanless cooling technologies.
Data privacy and information availability are paramount concerns, leading to innovations in edge computing for enhanced data analysis. E-communication plays a crucial role in facilitating efficient operations, while cybersecurity remains a top priority to thwart cyberattacks.
Product innovation drives the market forward, as companies strive to develop advanced computing solutions tailored to industrial needs. In this landscape, the adoption of IoT technologies continues to expand, revolutionizing industrial processes and driving the demand for reliable and secure industrial PCs.
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