Quality Assurance of Products to Warrant Demand in Global Distributed Control Systems (DCS) Market

 

Distributed control systems (DCS) are industrial automation systems used in controlling and co-ordination of various controllers in plants. Availability of smart devices and distribution of controllers in large factories can warrant the need for DCS for improving control efficiency and reliability. The global Distributed Control Systems (DCS) Market report by Market Research Future (MRFR) defines the various factors and challenges while exploring various opportunities and trends for the period of 2018 to 2023 (forecast period). The COVID-19 outbreak and its impact on the industry are explored in the report as well.

Market Scope

The global distributed control system (DCS) market is expected to expand at 5.30% CAGR during the forecast period. Major factors driving market growth are increased uses of renewable energy, growth of various industries, and investments in nuclear energy. The huge demand for power and the need to expand the power capacity of industries in Asia Pacific, the Middle East, and Africa can drive the market growth over the forecast period. The plans to invest in electric-driven infrastructure owing to the production of electric and hybrid vehicles as well as the leaning towards clean energy can bode well for the market.

But the development of hybrid technologies comprising DSC and PLC components can threaten market growth.

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Segmentation

The global DCS market has been segmented by component, application, and end-use.

By component, it is segmented into software, hardware, and services.

By application, it is segmented into batch-oriented process and continuous process.

Based on end-use, the market is classified into metals & mining, oil & gas, power, food & beverage, chemical, pharmaceutical, paper & pulp, and others. The oil & gas industry end-use industry is expected to dominate the DCS market due to increasing need of centralized control system, monitoring of oil & gas production which can be optimized with the help of DCS. The pharmaceutical industry can cover a large share of the market owing to focus on quality of drugs and vaccines.

Regional Analysis

The global DCS market, by region, is segmented into Asia Pacific (APAC), North America, Europe, the Middle East & Africa (MEA), and South America. APAC is expected to hold the largest share in the global DCS market during the forecast period with 31.40% share. China was the largest market in the region in 2017 and pegged at USD 1,523.5 million. The growth in DCS in Asia-Pacific can be attributed to China, Japan, and India, and the burgeoning manufacturing industry. Due to the growing production, urbanization, large population, and competition among manufacturers, the need for higher operational efficiency, curbing production costs, and process control industries with integrated controllers with high distributed control capability are likely to take centerstage. Additionally, the growth of pharmaceutical, power generation, oil & gas, chemicals, and other industries is likely to fuel the demand for DCS.

The Middle East is likely to be lucrative for the global Distributed Control Systems (DCS) Market owing to investments in the manufacturing industry and moves made by governments to be independent of foreign direct investments.

Competitive Outlook

Rockwell Automation, Emerson, Yokogawa, Toshiba, Schneider Electric, Honeywell International Inc., Siemens, Hitachi, Metso Corporation, ABB, General Electric, and Azbil Corporation are key players of the global Distributed Control Systems (DCS) Market.

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