Distributed Control Systems (DCS) are digitally controlled electronic and electro-mechanical systems that are used in industrial processes to control systems across remote locations in a building or a factory. DCS allow operators to monitor, control and automate processes locally and remotely using open communications networks and centralized supervision. It consists of intelligent controllers distributed throughout a plant, instruments and control components that move at the direction of the local controllers but follow the supervisory commands of the central control system. Some key applications of DCS include controlling processes in oil and gas, chemical, power generation, pharmaceuticals, mining, water and wastewater treatment and more.
The global distributed control systems market is estimated to be valued at US$ 35.24 Bn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The distributed control systems market is primarily driven by increasing adoption in oil and gas industry. Oil and gas industries use DCS for monitoring and controlling various processes like drilling, production and refining. DCS help to integrate and automate the operations at remote and hazardous locations. With increasing global energy demand and focus on automation, DCS adoption is rising in oil and gas vertical significantly. Another key driver is its ability to improve productivity by enabling real-time control and monitoring of industrial processes from a centralized location. DCS help reduce downtime, errors and optimize production, thereby driving its adoption across industries worldwide.
Key players operating in the distributed control systems market are ABB Ltd., Emerson Electric Co., Schneider Electric SE, Siemens AG, Honeywell International Inc., Yokogawa Electric Corporation, General Electric Co., Rockwell Automation Inc., Metso Corporation, Azbil Corporation. The market is characterized by presence of large automation giants competing on basis of product innovation, digital capabilities and expanding global footprints.
Key regional drivers include strong government support for industry 4.0 initiatives and increasing investments in infrastructure development projects across China, India and Southeast Asian countries. Countries like Japan, South Korea are also major manufacturing hubs augmenting regional distributed control systems demand.
SWOT Analysis
Strength: Distributed control systems (DCS) offer improved productivity, efficiency, and profitability for organizations. They allow centralized and coordinated control of industrial processes which reduces downtime. DCS also provide enhanced safety and easy scalability as processes can be monitored from a single location.
Weakness: Implementing a DCS can be a costly and time-consuming process that requires substantial upfront investment. They also require specialized programming and control engineering skills for design, configuration, maintenance and updates.
Opportunity: Increasing digitization and automation of industrial operations is driving demand for advanced process control solutions like DCS. Growth of industries like oil & gas, chemicals, power etc provide new areas for DCS adoption. Demand for remote monitoring and management of plants also creates opportunities.
Threats: Integration challenges with existing legacy systems can hamper DCS implementations. Cyber threats to industrial control systems pose security risks. Market consolidation by large players increases vendor lock-in threats.
Key Takeaways
The global distributed control systems market is expected to witness high growth over the forecast period owing to growing industrial automation. The global Distributed Control Systems Market is estimated to be valued at US$ 35.24 billion in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030.
Regionally, North America dominates currently due to strong foothold of automation companies and early adoption of innovative technologies in process industries. The Asia Pacific region is anticipated to growth at fastest pace due to rapid industrialization and shifting of manufacturing facilities to low cost countries.
The Global Oil & Gas Automation & Control Systems Market size is estimated to be USD 25.29 billion in 2019 and is predicted to reach USD 68.63 billion by 2030 with a CAGR of 9.5% from 2020-2030.Oil & Gas Automation & Control Systems consist of various components which monitors the flow of oil and gas and control the valve, it mainly consist of sensors which automatically opens and closes the valves for supply.
These systems are advanced and offer various advantages over the conventional systems also provide information regarding damages which can also reduce the accidents.Access Full Description of this report at:- https://www.nextmsc.com/report/oil-and-gas-automation-control-systems-market Top Companies: ABB Ltd., Mitsubishi Electric Corporation, Cameron International Corporation, Emerson Electric Company, Honeywell International, Rockwell Automation, Siemens AG, Yokogawa Electric Corp., Schneider Electric, Texas Instruments, General Electric and others.The global oil & gas automation & control systems market share is analyzed on the basis of technology, application and geography.
On the basis of technology, the market is segmented into Distributed Control System (DCS), Programmable Logic Controller (PLC), Safety Instrumented System (SIS), Supervisory Control and Data Acquisition (SCADA), Manufacturing Execution System (MES), and Other.
Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.Request free sample copy of this report at:- https://www.nextmsc.com/oil-and-gas-automation-control-systems-market/request-sample North America denotes a higher adoption of the oil & gas automation & control systems and is anticipated hold the highest market share during the forecast period.
This is attributable to the factors including presence of well-established infrastructure, increase in the government projects to increase the production of oil and gas coupled with technological advancements are expected to contribute the growth of oil & gas automation & control systems market.
Asia Pacific is expected to show rapid growth with gradual increase in market share owing to the presence of developing economies such as India, china and others.
Urolithiasis is referred to as kidney stone and is a condition that is characterized by presence of a calculi or a solid piece material in the urinary tract of an individual.
These solid mass commonly known as kidney stone is typically formed in the renal area that is eliminated from the body through the urine stream.The stones that are smaller in size may pass off the body without any symptoms, however, lumps larger than 5 millimeters in size can lead to blockage of the ureter that may cause severe pain in the abdominal area and lower back.
This may result in symptoms that includes pain during urination, vomiting or blood in the urine.
Urolithiasis is caused due to combination of environmental and genetic factors.
It can also be caused due various factors such as obesity, hyperparathyroidism, and high urine calcium levels.Get Exclusive Sample Report @ https://dataintelo.com/request-sample/?reportId=506Rising incidence of chronic kidney diseases is one of the major factors responsible for growth of global urolithiasis management devices market.
Moreover, growth of the urolithiasis management devices market can also be attributed to rising adoption of percutaneous nephrolithotomy (PCNL).Read More @ https://www.marketwatch.com/press-release/urolithiasis-management-devices-market-swot-analysis-cagr-future-insights-growth-by-2026-2019-12-20
June 26, 2019: The global Distribution Control Systems (DCS) market is expected to reach USD 20.39 billion by 2020.
Increased DCS use in industrial applications such as power generation, water and waste water, pharmaceuticals, oil and gas, chemicals, and paper and pulp is expected to drive the market over the forecast period.
Growing demand for power has resulted in the set up of new power generation stations and upgradation of existing ones by various governments, which is expected to favorably impact DCS demand.Cost effectiveness, development of open source DCS and ability of implementation in hazardous environments are further expected to boost market growth.
Need for technical expertise and lack of differentiation among specific DCS products are expected to pose a challenge for industry participants over the next six years.Download sample Copy of This Report at: https://www.radiantinsights.com/research/distributed-control-systems-dcs-market-analysis-by-product-hardware-software-and-services-by-end-use-industry-chemical-metal-and-mining-oil-and-gas-pharmaceutical-power-pulp-and-paper-water-and-waste-water-treatment-industry-and-segment-forecasts-to-2020/request-sampleFurther key findings from the study suggest:DCS software dominated the global market and accounted for over 60% of the overall market share in 2013.
This is primarily due to need for system upgradation by existing distributed control systems.
DCS hardware is expected to witness the fastest growth over the forecast period due to increased Greenfield projects in Asia Pacific.Oil and gas was the largest end-use industry in 2013 and accounted for over 24% of the overall market share due to increased demand for technologically advanced systems for controlling and monitoring activities, enabling higher production.
