The Latin America, Middle East and Africa Industrial PC Market would witness market growth of 10.9% CAGR during the forecast period (2021-2027).
Factors like the advent of IoT in numerous industries like oil & gas, manufacturing, food & beverages, and automotive, are estimated to fuel the growth of the industrial PC market in the coming years. The adoption of IoT technologies helps in making the operations more convenient & automated, reduces the risks of errors, and assists in data accumulation & process control. Therefore, the growing demand for energy-efficient manufacturing operations by numerous industries would propel the growth of the market.
Moreover, the growth of the industrial PC market is attributed to the factors like rising digitalization across different manufacturing sectors, and huge investment in R&D activities to offer customization services. Although, the high investment by companies in the manufacturing of industrial PC would increase its initial installation cost, and thus, hinders the growth of the market.
An industrial PC is a computing device, particularly manufactured for industrial usage. They offer high reliability and efficiency. Many industrial PC companies are entering this region to offer their product range to the regional companies. Along with that, the supportive government policies and standards to expand their regional industrial infrastructure are helping companies to setup their businesses across this region. In addition, the integration of various latest technologies like IoT, AI, and ML in industrial PC is making it easy for the users to fully utilize the capabilities of advanced industrial PCs.
The Brazil market dominated the LAMEA Industrial PC Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $207.3 million by 2027. The Argentina market is poised to grow at a CAGR of 11.5% during (2021 - 2027). Additionally, The UAE market would experience a CAGR of 10.7% during (2021 - 2027).
Based on Type, the market is segmented into Panel IPC, Rack Mount IPC, Box IPC, Embedded IPC and DIN Rail IPC. Based on End User, the market is segmented into Automotive, Semiconductor & Electronics, Chemical, Healthcare, Aerospace & Defense, Energy & Power, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Industrial PC Market is Predict to reach $7.20 billion by 2027, at a CAGR of 8.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Advantech Co., Ltd., Emerson Electric Co., Mitsubishi Electric Corporation, Siemens AG, Omron Corporation, Panasonic Corporation, Schneider Electric SE, Rockwell Automation, Inc., Beckhoff Automation GmbH & Co. KG, and Nexcom International Co., Ltd.
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