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. Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 on Distributed Control System Market is included in the present report.
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 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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