Market
Scenario
Distributed control system (DCS) is an
automated control system used to control large and complex industrial processes
with the help of controllers that are distributed throughout a factory or
machine area. DCS consists of large number of control loops, which consists of
controllers that are distributed throughout the system and there is central
operator supervisory control. The key features of DCS are system redundancy,
scalable platform, more sophisticated HMI, and system security. DCS reduce
installation costs, enhances reliability, and requires minimal troubleshooting.
Moreover, it provides remote monitoring and supervision of the process plant.
DCS finds its applications in chemical plants, oil & gas industry, water
management systems, food processing units, nuclear power plants, automobile
industry, and so on. Traditional DCS was built only for one purpose that is
process control. But now-a-days, companies are focusing on providing product
that can integrate automation operations of entire plant/system. The global
distributed control system market is expected to grow at ~6.5% CAGR during the
forecast period.
Request Free Sample Copy
@ https://www.marketresearchfuture.com/sample_request/1698
Industry
Highlights
The factors such as growing industrial
infrastructure, rising power generation capacity additions, and focus on
renewable generation are expected to drive the distributed control system
market. The regions such as the Middle East & Africa are developing their
infrastructure which is expected to boost the demand of DCS. Also, according to
UNIDO 2017 report, the share of manufacturing sector in world’s GDP increased
by 1.2% in 2016 compared to 2014. This signifies that countries are increasing
their investments in industry sector, thereby boosting the global distributed
control system market. Additionally, the Southeast Asian countries are focusing
on power generation capacity augmentation and increasing renewable power
generation, which is likely to drive the global distributed control system
market. However, the delayed response time of DCS can restrict the growth of
distributed control system market. The adoption of IoT for integrating plant
facilities is expected to offer promising business opportunities to the global
distributed control system market.
Browse Complete Research
Report @ https://www.marketresearchfuture.com/reports/global-distributed-control-system-market-1698
Global distributed control system market
is expected to witness significant growth during the forecast period owing to
increasing investments in infrastructure sector, renewable power generation,
and technological developments. The Asia Pacific region is expected to dominate
the distributed control system market during the forecast period. The countries
such as China, India, and Japan are the key countries in the region. Most of
the countries globally, are expanding their grid infrastructure in order to meet
the rising power demand, thereby driving the global DCS market. Additionally, development of smart grid
offers promising business opportunities to the global DCS market. Integrating
DCS with automation and PLC delivers greater flexibility to control distributed
discrete field devices and their operating stations, thereby resulting in
growth of distributed control system market during the forecast period.
Industry
Segmentation
The global distributed control system has
been segmented based on component, application, industry, and region.
Based on component, the market is
segmented into hardware, software, and services. Software segment held the
largest market share in distributed control system market in the 2017. The DCS
market by application is segmented into continuous and batch. Continuous
segment is expected to lead the DCS market owing to deployment of these systems
in industries such as oil & gas, power generation, and water &
wastewater. Manufacturing industries where designing of multiple products in
multiple procedures takes place, the batch process control is deployed.
Based on industry, the market is segmented
into oil & gas, power generation, chemicals, metal & mining, food &
beverages, and others. The others include paper & pulp, textile,
automotive, sugar, and pharmaceutical. Power generation is expected to dominate
the DCS market due to increasing investment in renewables and power
infrastructure.
The DCS market by region is divided into
Asia Pacific, North America, Europe, and Rest of the World. Asia Pacific is
expected to dominate the DCS market owing to infrastructural development and
focus on power generation capacities in the region.
Key
Players
The key players of global distributed
control system market are Schneider Electric SE (France), ABB Ltd.
(Switzerland), Rockwell Automation Inc. (U.S.), Emerson Electric (U.S.),
Honeywell International Inc. (U.S.), Alstom SA (France), Siemens AG (Germany),
Toshiba (Japan), Metso (Finland), Hitachi (Japan), Azbil Corp. (Japan),
Crompton Greaves Ltd. (India), and Mitsubishi Electric Corporation (Japan)
among others. These players are focusing on adoption of contracts &
agreements as their key strategy to enhance their position in the DCS market.
View
More Info @ https://bit.ly/2UTcspL
About
Market Research Future:
At Market Research Future (MRFR), we
enable our customers to unravel the complexity of various industries through
our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw
Research Reports (3R), Continuous-Feed Research (CFR), and Market Research
& Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
No comments:
Post a Comment