Global
Distributed Control Systems (DCS) Market 2019 Industry Research Report is a
professional and in-depth study on the current state of the Global Distributed
Control Systems industry. This Study includes Global Distributed Control System Market
historical and forecast data analysis by segments, leading companies, share,
size, region, trends, upcoming opportunities, and growth analysis with support
of tables and figures.
The global Distributed Control Systems 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.
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 Overview
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.
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 Distributed Control Systems 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.
Global Distributed
Control System Market Segmental Analysis:
The Market Research Future report offers a wide
segmental analysis of the distributed control system market based on component,
end use, and application.
By Component
- Hardware
- Software
- Services
By Application
- Continuous process
- Batch-oriented process
By End-Use
- Oil & Gas
- Power Generation
- Chemicals
- Pharmaceutical
- Food & Beverage
- Metals & Mining
- Paper & Pulp
- Others
By Regions
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- South America
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. It
is estimated to grow at the fastest pace owing to growing power generation
capacities coupled with efficient control system in oil and gas as well as
manufacturing industry.
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.
Industry Updates
March 2019 - ABB
(Switzerland), a pioneer of the distributed control system market, released its
new Ability Distributed Control System (DCS) 800xA 6.1. The new DCS is equipped
with various advanced features such as Ethernet I/O solutions, additional High
Integrity controllers and a series of engineering tools such as an Ethernet I/O
Field Kit. The 800xA offers improved electrical integration capabilities which
help to ascertain detailed, real-time information of power consumption and thus
helps in the prevention of blackouts.
July 2019: Leading regulatory
compliance software and enterprise quality management provider, AssurX Inc, has
launched AssurX Patch Management software. This solution has been specially
designed for tracking app patching alerts as well as driving associated
activities in one command sector which combines internet of things (IoT),
operational technology (OT), and technology (IT) for cyber vigilance. The
latest release is a true management solution as this will help in integrating
with various cyber security systems for centralizing situational awareness
across information technology assets from routers and servers, to connected mobile
handsets, to industrial systems that include distributed control systems (DCS),
and supervisory control and data acquisition (SCADA) systems.
Browse Complete Research Report at: https://www.marketresearchfuture.com/reports/global-distributed-control-system-market-1698
About Market Research Future:
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Market Research Future (MRFR), we enable our customers to unravel the
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