The global DCS market is
anticipated to capture a CAGR of 5.30% over the forecast period of 2016-2023,
affirms Market Research Future (MRFR) in a detailed study. MRFR further asserts
that the DCS market is likely to reach USD 4,411 bn by the end of 2023.
A distributed control system (DCS)
controls various complex processes of plants with the help of a suite of
configuration tools to provide flexibility and simplicity to processes. DCS allows
central control over components and processes and helps increase capacity, ease
maintenance, and meet EPA requirements. Rapid industrialization on a global
scale, especially in the APAC region has led to substantial growth in the
global DCS market.
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Competitive
Landscape
Emerson (USA), Schneider Electric
(France), Rockwell Automation (US), General Electric (US), Yokogawa (Japan),
Metso Corporation (Finland), Siemens (Germany), Azbil Corporation (Japan),
Honeywell International Inc. (US), Toshiba (Japan), Hitachi (Japan), and ABB
(Switzerland) are the distinguished players in the distributed control system
market.
Segmentation
The global distributed control
system market has been segmented based on component, application, and end-use.
By component, the distributed
control system market has been segmented into hardware, software, and services.
By application, the distributed
control system market has been segmented into continuous process and
batch-oriented process.
By end-use, the distributed control
system market has been segmented into oil & gas, power generation, food
& beverage, chemicals, pharmaceutical, metal & mining, paper &
pulp, and others.
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Regional
Analysis
By region, the distributed control
system market has been segmented into North America, South America, Asia
Pacific (APAC), The Middle East & Africa (MEA), and Europe.
The APAC is the largest distributed
control system market. Fast track industrialization in the region has
necessitated the need to increase power generation capacity to align with the
towering energy demand.
Additionally, growing awareness
regarding energy conservation and the need to provide uninterrupted power
supply to various needs of the burgeoning population of the region. China is
the major contributor to the distributed control system market. China has
become the global manufacturing hub and deploys distributed control system extensively
to improve productional efficiency. Besides, emerging countries such as
Australia, Indonesia, and Thailand also have huge potential for the growth of
the distributed control system market. The APAC market accounts for almost
31.40% share of the global market.
North America is the second largest
distributed control system market. The prolific growth of the oil & gas
industry translates into huge demand within the distributed control system
market. Onshore and offshore oil drilling activities in the Gulf of Mexico has
also reflected positively on the growth of the market.
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