Distributed Control System Market -
Overview
The global Distributed Control System Market is predicted
to grow at a 5.30% CAGR over the forecast period (2018-2023), reveals the new
Market Research Future (MRFR) report. Distributed control systems or DCS are
computerized control systems for plants or process generally with several
control loops. It reduces installation costs and increases reliability by
localizing the control function close to the process plant through supervision
and remote monitoring. DCS has a wide range of applications including
automobile industries, water management systems, nuclear power plants, food
processing units, oil and gas industries, and chemical plants.
Various factors are driving the growth of the
distributed control system market. These factors, in accordance with the Market
Research Future (MRFR) report, include booming power sector, improved power
generation capacities, growing industrial infrastructure, increased use of nuclear
and renewable energy for power generation, technological advancements, and
rapid industrialization.
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.
Distributed Control System Market Segmentation
The
global distributed
control system market analysis by 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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