Distributed Control System Market Overview, Trends, Opportunities, Growth and Forecast by 2025
According to IMARC Group’s latest report, the global distributed control systems market grew at a CAGR of around 5% during 2014-2019. Looking forward, the market to continue its moderate growth during the next five years.
A distributed control system (DCS) is an automated management solution that regulates various industrial processes. It consists of various local controllers for plant control that are connected to a high-speed communication network. It performs several functions, such as data acquisition, data presentation, process control, process supervision, and reporting information. DCS also minimizes the risks of component failure and enables timely upgradation of outdated technologies. Compared to the conventionally used centralized control systems, it can be used for large and complex industrial verticals, such as oil and gas, food and beverage, nuclear power, wastewater management, automotive, etc.
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Market Trends
The expanding oil and gas industry and increasing adoption of automated machinery are primarily driving the market for DCS. Moreover, the growing need for efficient optimization solutions in the energy generation sector is positively influencing the market growth. DCS allows the operators to individually access, control and monitor plant components, manage databases, and regulate logic and system security systems, thereby experiencing high demand on a global level. Additionally, the emergence of the Industrial Internet of Things (IIoT) solutions will continue to drive the global market for DCS in the coming years.
Distributed Control System Market 2020-2025 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- ABB Ltd.
- Azbil Corporation
- Emerson Electric Co.
- Honeywell International Inc.
- Mitsubishi Motors Corporation
- Omron Corporation
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens Aktiengesellschaft
- Toshiba Corporation.
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The report has segmented the market on the basis of component, process, application and region.
Breakup by Component:
- Hardware
- Software
- Services
Breakup by Process:
- Continuous Process
- Batch-oriented Process
Breakup by Application:
- Power Generation
- Oil and Gas
- Chemicals
- Food and Beverage
- Mining and Metals
- Paper and Pulp
- Pharmaceutical
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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