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. 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.
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The expansion of the power and energy sector has
provided favorable grounds for the growth of the DCS market. The burgeoning
population and its subsequent energy requirements have created relentless
pressure to increase power generation capacities as well as reduce energy
consumption in the industrial sector to make significant cost saving.
The oil & gas industry is also contributing to
the growth of the DCS market. Various processes of the oil & gas industry
such as vacuum distillation, hydrocracking, naphtha hydrotreating, and coking
require DCS which generates massive demand within the market.
Moreover, various industries are overhauling
outdated controllers and disparate DCSs with new homogenous DCS which boost the
growth of the DCS market. Other factors
include emerging industrial regulations, ongoing plant upgrades, and the
adoption of new technologies within the context of recent modernization
efforts.
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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.
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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.
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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