As technology continues to improve and advance, the digital control system market continues to grow as well. According to research that was conducted recently by one of the leading investigative firms, the market is projected to be worth more than $17 billion in 2023. With so much growth projected over the next few years, many have wondered which company is going to get the lion’s share of this revenue.
According to this source, that company is ABB. Over the past few years, few companies have matched the growth of ABB. This company’s market share has increased to 20 percent recently. This means that ABB is on top for the 20th year in a row. Over the past 12 years, this company’s share of the market has increased by close to 2 percent. Despite the increased competition in the digital control system market, ABB remains undaunted. It has continued to develop new products, increase its quality of service, and acquire new customers. This formula has contributed to its unrivaled success in this space.
Recently, IndustrialSage interviewed ABB at Automate. There, IndustrialSage discussed some of the technological advancements and market changes that have taken place in this industry. This was an opportunity for viewers and listeners to gain valuable insight into the inner workings of the digital control system market, along with what has made ABB so successful over the past 20 years.
ABB is proud to have been verified as the global market leader in the digital control system market space. This is the latest line in a tremendous legacy that stretches back more than 20 years. According to ABB, this verification is simply a testament to the strength, technology, and leadership skills provided throughout the customer relations arm of ABB. Without a doubt, ABB is going to continue to invest in the latest products and services throughout the digital control system market. All of this is going to extend the abilities of the digital control system market to provide electrical and produces automation. The end result will be customers who are able to effectively leverage the era of cloud and edge-based applications for their own benefit.
ABB is a company that is known for its unique integration platforms. This includes electrical control safety, collaboration tools, safety systems, and more. The ultimate result is a dramatic improvement in engineering efficiency. The success of ABB’s products is reflected not only in its market share but also its satisfied customers and position as an icon of the digital control system market. It is challenging for companies in this rapidly growing space to maintain such a high level of consistency. This only makes ABB’s accomplishments that much more impressive.