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.
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