Distributed Control Systems - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Distributed Control Systems Market is accounted for $16.90 billion in 2018 and is expected to reach $30.95 billion by 2027 growing at a CAGR of 7.0% during the forecast period. Increasing demand in power and energy sectors and cost and time effectiveness are the major factors driving the market growth. However, sluggish industrial growth in developed economies is restraining market growth.
A distributed control system (DCS) is a computerised control system for a process or plant usually with many control loops, in which autonomous controllers are distributed throughout the system, but there is no central operator supervisory control. This is in contrast to systems that use centralized controllers; either discrete controller located at a central control room or within a central computer. The DCS concept increases reliability and reduces installation costs by localising control functions near the process plant, with remote monitoring and supervision.
Based on the end-user, oil & gas segment is likely to have a huge demand due to factors such as the discovery of new oil & gas wells, refurbishment of old wells, and the need for enhanced safety and security standards in refineries. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to its expanding manufacturing facilities and high-frequency deployment in the industrial market and increasing demand for power and growing industrial infrastructure.
Some of the key players profiled in the Distributed Control Systems Market include Yokogawa Electric Co., Toshiba International, Siemens AG, Schneider Electric, Rockwell Automation, Omron Corporation, Novatech Llc (Weir Group), Mitsubishi Motors Corporation, Metso (Valmet Oyj), Honeywell International Corporation, Emerson Electric Company, Azbil Corporation, and ABB Ltd.
• Batch-Oriented Process
• Continuous Process
End Users Covered:
• Oil & Gas
• Power Generation
• Metals and Mining
• Paper and Pulp
• Food and Beverage
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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