Distributed Control System Market A Comprehensive Overview |...

Distributed Control System Market A Comprehensive Overview

Posted 2023-09-21 07:05:12

Market Research Future Insights

The Global Distributed Control System Market is estimated to be worth USD 13.8 Billion by 2030, registering a 13.8% CAGR during the forecast period (2023- 2030).

The distributed control system is a customized system that includes separate controllers dedicated to each machine or a particular group of machines. It is an automated system that controls numerous process elements, distributed over an industrial plant.

The local controllers in various sections of an industrial plant communicate with each other, and the overall system, via a high-speed network.

These local controllers are microprocessing units that obtain data and execute the control functions in a distributed control system. Numerous communication protocols like Modbus, Arc Net, HART, and Profibus are applied for communication establishment among these controllers.

Increasing power requirements of end users and growing awareness about emissions-free electricity will push for the deployment of distributed management systems on the global market. Boosting oil production and rearing energy demand will push the need for the deployment of DCS at scales across the oil and gas and electricity sector, which is estimated to boost the market in the forecast period.

Further, the massive demand for I/O and the proliferation of digital networks in the process control system would transform the market. Also, company development and an upsurge in revenue generation are projected to enable growth in the globally distributed control system market.

The Global Distributed Control System Market report provides an integrated market evaluation. The report tenders to a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a significant role in the market.

Key Players

· Emerson (USA)

· ABB (Switzerland)

· Schneider Electric (France)

· Rockwell Automation (US)

· Siemens (Germany)

· General Electric (US)

· Yokogawa (Japan)

· Honeywell International Inc. (US)

· Toshiba (Japan)

· Azbil Corporation (Japan)

· Hitachi (Japan)

· Metso Corporation (Finland)

Regional Analysis

The Global Distributed Control System Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

North America is a significant region in the distributed control system market. The growth of the regional market can be ascribed to the rapid growth of the oil & gas industry and the increasing demand for power generation.

Asia Pacific represented the largest distributed control systems market globally in 2021 and is projected to retain its leading position throughout the forecast period of 2022–2020. The dominance and expected growth in the region is largely due to massive investments made in augmenting oil and gas production and refining capacities.

Europe is set to experience substantial growth backed by the augmenting oil and gas production and exploration activities in countries such as Italy, Spain, and Germany. Europe is estimated to show healthy growth in the overall market according to a market study.

Market Segmentation

The Global Process control systems Market Size is segmented into the following types;