A distributed control system (DCS) is a digital automated industrial control system (ICS) that uses geographically distributed control loops throughout a factory, machine, or control area. DCS has several local controllers located throughout the area that are connected by a high-speed communication network. DCS is commonly used in serval processes, including agriculture, chemical plants, nuclear power plants, food processing, and sewage treatment plants.
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Market Dynamics
The emergence of open-source DCS solutions, growing global energy demand, and an increase in demand for oil and gas are the major factors supporting the growth of the global distributed control systems market.Increasing demand for oil and gas in the world is one of the primary factors promoting the growth of the global distributed control systems market. According to the International Energy Agency (IEA), the global oil demand in 2018 is 6.9 Mb/d and is expected to reach 104.7 Mb/d by 2023. The demand is expected to rise at an average annual rate of 1.2 Mb/d with countries like China and India together contributing to more than 50% of the global oil demand. Furthermore, technological advancement has played a substantial role in the growth of the globally distributed control systems (DCS) market. Owing to these factors, the globally distributed control systems market is anticipated to witness positive growth in the future.
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Segment Analysis
The globally distributed control systems (DCS) market is segmented by the end-user such as the power sector, oil and gas, pharmaceuticals, food and beverages, and others. Of these, Oil and Gas dominate the market due to the increase in the number of refinery plants. Moreover, the global oil production as per the Global energy statistical yearbook in 2005 was about 88,721 thousand barrels per day and reached 92,649 thousand barrels in 2017 with a 0.7% annual growth rate. Further, Advancement in digital technologies and control systems has improved efficiency and better monitoring in the oil & gas refining sector.
Competitive Landscape
Global distributed control systems (DCS) Market is fragmented with the presence of many local and international players. However, ABB Ltd., Emerson Electric Co., Siemens AG, and Honeywell are prominent players in the globally distributed control systems (DCS) market. ABB Ltd. is one of the major companies in distributed control systems is enhancing the market through technical development and product launch. For instance, in November 2018, ABB Ltd. introduced its latest DCS Freelance for process industries at SPS IPC Drives. Furthermore, the companies are focused on technology development and new product launches to maintain their competitive edge over other market players. For instance, in April 2018, Emerson launched its DeltaV digital control system to fast-growth industries traditionally less reliant on large-scale automation.
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