Market Research Future published a Cooked Research Report on the global distributed control system market that contains information from 2021 to 2027.
Distributed Control System Market size is projected to be worth USD 29.48 Billion by 2027, registering a CAGR of 5.30% during the forecast period (2021 - 2027), The market was valued at USD 19.22 billion in 2020.
Taste the market data and market information presented through more than 100 market data tables and figures spread in 143 numbers of pages of the project report. Avail of the in-depth table of content & market synopsis on “Global Distributed Control System Market Information from 2021 to 2027."
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Distribution control system (DCS) play an important role in manufacturing industries as they control and manage processes. In DCS, each process element group of machines are controlled by a dedicated controller. DCS consists of several local controllers in various sections of the plant control area and is connected to a high-speed communication network. In a DCS control system, data acquisition and control functions are carried through a number of DCS controllers, which are microprocessor-based units distributed, functionally and geographically, over the plant. These controllers communicate among themselves and with other controllers. These controllers use specific protocols, such as Profibus, HART, and Modbus, to communicate with each other.
Asia-Pacific is one of the largest markets for distributed control systems in the world and is one the fastest-growing markets during the forecast period, mainly due to industrialization and urbanization. Moreover, the increased demand for energy-efficient equipment and supportive government plans are expected to drive the market for distributed control systems in Asia-Pacific. Favorable government policies and regulations aimed to expand focus on developing manufacturing sector, rising demand for energy in the region because of the growing population, rising per capita disposable income in the region, and theincreasing concern for energy optimization are some of the major factors supporting the growth of the market in the region.
The global distributed control system market is estimated to witness ~5.17% CAGR during the period from 2021 to 2027: MRFR
The global distributed control system is segmented based on component, application, end use, and region.
Based on component, the global distributed control system market has been segmented into hardware, software, and services. The software segment held a share of 52.70% of the global Distributed control system market. Based on application, the global distributed control system market has been segmented intocontinuous and batch-oriented processes. The batch-oriented segment held a 58.90% share of the global distributed control system market. Based on end use, the global distributed control system market has been segmented into oil and gas, powergeneration, food &beverage, chemicals, pharmaceutical, metal & mining, paper &pulp, and others.The oil and gas segment held a 21.20% share of the global distributed control system market.Based on region, the distributed control system market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.Asia-Pacific held a 31.26% share of the distributed control system market.
By component, the global market has been segmented as Hardware, Software, and Services. Software is expected to hold the largest share during the forecast period. Software is the set of programs instructing hardware or electronic device associated with any specific task in the DCS system. Specifically, software in DCS includes embedded controller software, Human-Machine Interface (HMI), systems management software, monitoring, and control system, plant information management (PIM) software, and engineering and configuration software.
By application, the global market has been segmented into continuous process and batch-oriented process. The batch-oriented segmentis one of the largest markets for distributed control system inthe world. The batch-oriented process is the technique used in manufacturing products in different batches. The batch-oriented processes are ideal for seasonal orders, flexible to produce a variety of different product variations, and involve less inventory.
By end use, the global market has been segmented into oil and gas, power generation, food &beverage, chemicals, pharmaceutical, metal &mining, paper & pulp, and others. The oil &gas plant or refinery operations consist of numerous complex processes, which always need to be monitored and controlled. Some of the major oil refining processes controlled by DCS are vacuum distillation, hydrocracking, naphtha hydrotreating, and coking. These processing units are spread across a large factory area, and their control, monitoring, and other operations are centralized with the use of DCS.
By region, the market is segmented into Europe, Asia-Pacific, North America, the Middle East & Africa, and South America. Asia-Pacific dominates the global distributed control system market.Asia-Pacific is one of the largest markets for distributed control systems in the world and is one the fastest-growing markets during the forecast period, mainly due to industrialization and urbanization. Moreover, the increased demand for energy-efficient equipment and supportive government plans are expected to drive the market for distributed control systems in Asia-Pacific.
The important players operating in the global distributed control system marketare General Electric (US), Siemens AG (Germany), ABB (Switzerland), Honeywell International Inc. (US), Emerson Electric Co (US), Yokogawa Electric (Japan), Schneider Electric (Japan), Rockwell Automation Inc. (US), ABB (Switzerland), Hitachi, Ltd (Japan), Toshiba Corporation (Japan), Azbil Corporation (Japan), and Mesto Corporation (UK).
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises the necessary assessment of the competitive scenarios and strategies in the global distributed control system market, including high-growth regions and/or countries and political and economic environments. The project report further provides both historical market values and pricing & cost analysis.