Distributed Control Systems Market Revenue, Business Opportunity, Segment And Updated Key Trends

The distributed control systems market is driven by factors such as the booming power sector and augmented power generation capacities worldwide, growing industrial infrastructure in regions such as Asia Pacific, the Middle East, and Africa, and increased use of renewable and nuclear energy for power generation.

“The distributed control systems (DCS) market is expected to grow from an estimated USD 15.95 Billion in 2017 to USD 20.33 Billion by 2022, at a CAGR of 4.97%.”

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The software segment is expected to account for the largest share of the DCS market, by component, during the forecast period

The continuous process segment is expected to be the largest DCS market in 2017

Asia Pacific is expected to be the leading DCS market during the forecast period

Target Audience:

The report’s target audience includes:

·         DCS manufacturers and suppliers

·         Government and research organizations

·         National and local government organizations

·         Technology providers

·         Institutional investors

·         Associations

Scope of the Report:

    Distributed Control Systems Market, By Component:

·         Hardware

·         Software

·         Services

Distributed Control Systems Market, By Application:

·         Continuous Process

·         Batch-Oriented Process

Distributed Control Systems Market, By Region:

·         North America

·         Europe

·         Asia Pacific

·         Middle East

·         South America

·         Africa

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the DCS market. These include ABB (Switzerland), Siemens (Germany), Honeywell (US), Yokogawa (Japan), Emerson (US), Schneider Electric (France), General Electric (US), Rockwell (US), Toshiba (Australia), Metso (Finland), Azbil (Japan), Novatech (US), Mitsubishi (Japan), Hitachi (Japan), Can-Technologies (Canada), CG Power (India), Chint Electric (China), Larsen & Toubro (India), Hyosung (South Korea), Andritz (Austria), Mobile Automation (Australia), HollySys (China), ZAT (Czech Republic), Concept Systems (US), and Ingeteam (Spain).

Objectives of the Study:

·         To define, describe, and forecast the DCS market by component, application, end-use industry, and region

·         To provide detailed information regarding the major factors influencing the growth of the DCS market (drivers, restraints, opportunities, and industry-specific challenges)

·         To strategically analyze the DCS market with respect to individual growth trends, future prospects, and the contribution of each segment to the market

·         To track and analyze competitive developments, such as contracts & agreements and partnerships and collaborations, in the DCS market

·         To strategically profile key players and comprehensively analyze their market shares and core competencies

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Distributed Control Systems Market 2022 | DCS Market Leader – ABB, Siemens, Honeywell, Yokogawa, Emerson, Schneider Electric, General Electric, Rockwell, Toshiba

The global distributed control systems market is projected to reach USD 20.33 billion by 2022, at a CAGR of 4.97%, from 2017 to 2022. This growth is primarily driven by the increased use of renewable and nuclear energy for power generation and booming power sector and augmented power generation capacities worldwide.

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Asia Pacific is expected to be the largest market for DCS followed by North America till 2022. The global market is dominated by a few players including ABB (Switzerland), Emerson (US), Siemens (Germany), Honeywell (US), and Schneider Electric (France).

The major strategies adopted by the players include contracts & agreements, new product launches, expansions and investments, mergers & acquisitions, and joint ventures and collaborations. Contracts & agreements was the most commonly adopted strategy from 2014 to August 2017. Industry players also adopted new product developments, which was the second most widely followed strategy, during the same period.

ABB is a leading manufacturer of electrical products. The company operates through 4 segments, namely, power grids, electrification products, discrete automation and motion, and process automation. It offers distributed control system products through its process automation segment. The company offers a wide range of products and software for distributed control (DCS) systems. ABB mainly focuses on the human factor and, hence, provides interfaces between panels and complete control room systems to drive productivity, quality, and safety. ABB operates in more than 100 countries across Europe, the Americas, and Asia, Middle East and Africa (AMEA). It has approximately 320 operating and holding subsidiaries worldwide, including ABB India Limited, ABB Argentina, ABB Canada, and ABB Beijing Drive Systems. In May 2016, ABB was awarded a contract by TAKRAF GmbH to provide a complete power and automation solution to the company.

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Emerson provides manufacturing products and services to a wide range of commercial and consumer markets worldwide. The company operates through 4 segments, namely, process management, climate technologies, industrial automation, and commercial and residential solutions. It offers distributed control systems (DCS) through its process management and industrial automation segments. The company’s process management segment offers both systems and software to end-users. Emerson’s most popular DCS systems are Ovation and DeltaV. It provides its services to various industries such as oil & gas, refining, chemicals and power generation, pharmaceuticals, food and beverage, pulp and paper, and metals and mining. In 2016, 42% of Emerson’s process management segment’s revenue was generated in North America. This was followed by Asia Pacific and Europe, accounting for 23% and 19%, respectively, in the same year. The company has 220 manufacturing locations and operates in 150 countries. In September 2017, the company launched the DeltaV PK controller, an advanced version of the DeltaV distributed control system.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
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Suite 430
Northbrook, IL 60062
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Distributed Control Systems Market growth prospects 2022 and projected to reach $20.33 billion

According to the new market research report “Distributed Control Systems Market by Industry (Oil & Gas, Chemicals, Power Generation, Metals and Mining, Pharmaceutical, Paper and Pulp, Food and Beverage), Component (Hardware, Software, Services), Application, and Region - Global Forecast to 2022”, published by MarketsandMarkets™, The global distributed control system market is expected to grow at a CAGR of 4.97%, from 2017 to 2022, to reach a market size of USD 20.33 billion by 2022. Expanding industrial infrastructure in regions such as Asia Pacific, the Middle East, and Africa and the booming power sector and augmented power generation capacities worldwide are likely to drive the DCS market during the forecast period.

Browse and in-depth TOC on “Distributed Control System Market”

74 - Tables

48 - Figures

158 - Pages

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The Distributed Control System Market is dominated by a few major players that are established brand names with a wide regional presence. The leading players in the Distributed Control System Market include ABB (Switzerland), Siemens (Germany), Honeywell (US), Yokogawa (Japan), Emerson (US), Schneider Electric (France), General Electric (US), Rockwell (US), Toshiba (Australia), Metso (Finland), Azbil (Japan), Novatech (US), Mitsubishi (Japan), Hitachi (Japan), Can-Technologies (Canada), CG Power (India), Chint Electric (China), Larsen & Toubro (India), Hyosung (South Korea), Andritz (Austria), Mobile Automation (Australia), HollySys (China), ZAT (Czech Republic), Concept Systems (US), and Ingeteam (Spain).

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The services segment is expected to be the fastest-growing segment of the DCS market, by component, from 2017 to 2022. This segment is expected to witness steady growth due to the need for plant optimization and replacement of existing distributed control systems in Europe and North America.

The power generation segment is estimated to be the fastest-growing segment of the DCS market, by end-use industry, from 2017 to 2022. Distributed Control System are used to control various power generation processes such as boiler side valves, fans, turbines valves, and boiler coal firing. Retrofit and modernization projects in Europe and North America are expected to contribute to the growth of the power generation market.

The continuous process segment of the Distributed Control System Market, by application, is estimated to grow at the highest CAGR from 2017 to 2022. The increased production of chemicals use in the nuclear and renewable sectors in the power generation industry, and need for process control in new refineries will drive the continuous process segment. 

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The Distributed Control System Market in Asia Pacific is projected to grow at the fastest rate from 2017 to 2022. Rapid economic growth in the region would lead to an increase in the demand for power. The increased investment in the power generation sector to meet the industrial and residential demand for electricity will boost the demand for DCS in the region.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Mr. Shelly Singh
MarketsandMarkets™ INC.
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Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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