Market Research Future published a research report on “Distributed Control System Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Posted March 3,2020 in News and Politics.
Distribution control systems (DCS) plays an important role in manufacturing industries as they are used to control and manage the processes. In DCS, each process element group of machines are controlled by a dedicated controller. DCS consists of a large number of local controllers in various sections of plant control area and is connected to high speed communication network. The advantage of using DCS in various industries include special functions, such as data acquisition, data presentation, process control, process supervision, reporting and storing information.
Based on end-use, the market is segmented as Oil & Gas, Power Generation, Food & Beverage, Chemicals, Pharmaceutical, Metal & mining, Paper & Pulp, and others. Oil & gas segment is estimated to dominate the Distributed Control System Market during the forecast period due to the increase in capacity addition of the refineries especially in North America and Asia-Pacific. On the basis of components, the market is segmented as hardware, software, and services. Software component of DCS is configured with hardware and the architecture for receiving the information and using real-time information to enhance the agility and productivity of industries such as oil & gas, power generation, chemicals, and others.
The global distributed control system market is expected to grow at ~ 5.30% CAGR during the forecast period.
The key players of the global distributed control system market are ABB (Switzerland), Emerson (USA), Schneider Electric (France), Siemens (Germany), Rockwell Automation (US), General Electric (USA), Honeywell International Inc. (US), Yokogawa (Japan), Toshiba (Japan), Hitachi (Japan), Azbil Corporation (Japan), and Metso Corporation (Finland).
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This report provides an in-depth analysis of the global distributed control system market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the distributed control system market by its component, application, end-use, and by region.
The globally distributed control system market growth has covered the regions of Asia-Pacific, America, and Europe.
Of these, Asia Pacific has witnessed the largest market owing to the volatile growth of industries in China and India. Industries such as grids are into expansion and strengthening the base and due to which device control system is the most viable and convenient system for controlling of grid resulting in higher functionality.
Whereas, the Middle East & Africa region also has a promising market for the distributed control system and is anticipated to present lucrative opportunities and growth with the Gulf nations leading the way.
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