The Distributed Control Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Distributed Control Systems Global Market Report 2024, The distributed control systems market size is expected to see steady growth in the next few years. It will grow to $25.56 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to increase in power demand and energy-efficient technologies, rising demand for 5G and IIOT technologies across industries, increasing industry automation, automation and digitization in the industrial sector, rise in demand for energy across developing countries. Major trends in the forecast period include advancement in automation technology, development of advanced dcs solutions for specific industries, adoption of cloud-based DCS for scalability and flexibility.
The growing use of renewable energy for power generation is expected to propel the growth of the distributed control systems market going forward. Renewable energy refers to the energy derived from natural sources that are replenished at a higher rate than they are consumed. Distributed control systems can help manage the integration of renewable energy sources into the power grid by dynamically adjusting power generation and distribution to match demand. For instance, in December 2023, according to the European Commission, a Belgium-based governing body, renewable energy represented 23.0% of energy consumed in the EU, up from 21.9% compared in 2021. Therefore, the growing use of renewable energy for power generation is driving the growth of the distributed control systems market.
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The distributed control systems market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Shipment Scale: Large, Medium, Small
3) By Application: Continuous Process, Batch-Oriented Process
4) By End-User: Oil And Gas, Chemicals, Power Generation, Pharmaceutical, Food And Beverage, Other End-Users
Major companies operating in the distributed control system market are developing innovative products, such as Symphony Plus, to support the power generation and water industries. Symphony Plus is a distributed control system designed to maximize plant efficiency and reliability through automation, integration, and optimization of the entire plant. For instance, in February 2023, ABB Ltd., a Switzerland-based automation company, launched its latest ABB Ability Symphony Plus distributed control system, which helps accelerate digital transformation in process automation. The new Symphony Plus delivers customers access to digital solutions, such as fleet asset management enabled by ABB Ability Genix Asset Performance Management. It also enables users to access process and alarm data from mobile devices through the ABB Mobile Operations application, allowing them to stay updated to react faster, reduce downtime, and save costs.
The distributed control systems market report table of contents includes:
1. Executive Summary
2. Distributed Control Systems Market Characteristics
3. Distributed Control Systems Market Trends And Strategies
4. Distributed Control Systems Market - Macro Economic Scenario
5. Global Distributed Control Systems Market Size and Growth
.....
32. Global Distributed Control Systems Market Competitive Benchmarking
33. Global Distributed Control Systems Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Distributed Control Systems Market
35. Distributed Control Systems Market Future Outlook and Potential Analysis
36. Appendix
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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.
Distributed Control Systems Market Overview:Distributed Control Systems is a kind of a process control system whose control system unit distributed over the entire system, rather than centrally located and it is usually used in production or manufacturing industries, such as oil & gas, water and waste water treatment, power generation, pharmaceutical, pulp & paper, metal & mining and chemical and other industries to enhance the production efficiency and product quality and also to reduce the labor work.Distributed Control Systems Market:DynamicsTechnological advancements and increasing adoption of Distributed Control Systems in number of sectors is expected to be the primary driver of the market during the forecast period.
The ability of the Distributed Control Systems to process and optimize inputs and provide desired output so that certain function or process can be managed makes it’s very popular in various end use sectors, thereby increasing its demand in market place.
The market is expected to witness a CAGR of 3.9% over the forecast period.Get More Information about Distributed Control Systems Market : https://www.trendsmarketresearch.com/report/sample/3676Distributed Control Systems Market Segmentation:On the basis of product type, Distributed Control Systems market is segmented into:Distributed Control Systems HardwareDistributed Control Systems SoftwareDistributed Control Systems ServicesOn the basis of End Use, Distributed Control Systems market is segmented into:ChemicalMetal & MiningOil & GasPharmaceuticalPowerPulp & PaperWater and Waste Water TreatmentDistributed Control Systems Market:Regional OutlookGeographically, Distributed Control Systems market is segmented into North America, Latin America, Europe, Middle East Africa, Asia Pacific excluding Japan and Japan.Middle east Asia and Asia Pacific, are expected to have significant year over year growth owing to increasing manufacturing activities in the regions.Request for Table of Contents: https://www.trendsmarketresearch.com/report/requesttoc/3676Distributed Control Systems Market:Key PlayersSome of the prominent players in theDistributed Control Systems market are:ABBSiemens AGYokogawa Electric CorporationGeneral ElectricSchneider ElectricRockwell Automation IncHoneywell International IncInvensys PlcToshiba International CorpResearch Methodology:Trends Market Research surveys a number of companies in order to estimate the data covered in the report through triangulation methodology.
A detailed market understanding and assessment of the drive and application segments covered in the study.
The research methodology also includes interviews conducted for various industry leaders by the research experts.
This helps the researchers to match their previous findings with the ones confirmed from various resource persons.
The major industries and large power plants make use of distributed control systems for improving plant efficiency, reliability of control, and quality of process.
The verticals where they find their presence include food processing units, oil & gas, nuclear power plants, water management systems, and automobile industries.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/distributed-control-systems-dcs-market/request-sample Market Synopsis of Distributed Control Systems Market: It is a known fact that internet-based system makes way for proper integration and also does polish operational functionality; thanks to remote access.
The networking abilities do prove to be useful in program management.
Market Segmentation & Significance: The distributed control systems market is segmented based on application, component, and geography.
By application, the segmentation goes like continuous and batch-oriented process.
The global Distributed Control System Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the distributed control system (dcs) market include Emerson, ABB, Schneider Electric, Rockwell Automation, Siemens, General Electric, Yokogawa, Honeywell International Inc., Toshiba, Azbil Corporation, Hitachi, and Metso Corporation.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Distributed Control System Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/distributed-control-system-dcs-market/download-sampleMarket DynamicsBooming industries, growing world demands, and expanding production capacities of worldwide sectors drive the demand for the distributed control system (DCS).
Thriving power sector and power generation capacities worldwide, growing industrial infrastructure in emerging countries, and increased use of renewable energy for power generation will significantly impact the DCS demand.
However, high-cost concerns with the installation of DCS, inadequate industrial funding, and economic slowdown hamper the global market for distributed control systems.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
