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.
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Further 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. The use of DCS in the power industry is expected to witness significant growth over the forecast period.
Asia Pacific is expected to be the market leader over the next six years, and contributed 31.5% to the global market revenue in 2013. It is further expected to grow at a CAGR of 4.2% from 2014 to 2020, mainly on account of increased demand for small distributed control systems due to price sensitivity among consumers in the region.
Companies operating in the market include ABB Ltd, Siemens AG, Bharat Heavy Electrical Ltd, Rockwell Automation Inc., GE Electric, Honeywell International Inc, Emerson Electric Co., Toshiba International Corp. and Invensys Plc.
For the purpose of this study, Grand View Research has segmented the global distributed control systems market on the basis of product, end-use industry and region:
Distribution Control Systems Product Outlook (Revenue, 2012 - 2020)
- Hardware
- Software
- Services
Distribution Control Systems End-Use Industry Outlook (Revenue, 2012 - 2020)
- Chemical
- Metal and Mining
- Oil and Gas
- Pharmaceutical
- Power
- Pulp and Paper
- Water and Waste Water Treatment
- Others
Distribution Control Systems Regional Outlook (Revenue, 2012 - 2020)
- North America
- Europe
- Asia Pacific
- RoW
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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.
ABB was awarded an agreement by Hyundai to offer an electrification, power management, and telecommunication solution for oilfields off the coast of the UAE, in July 2016.
The power management completed by ABB was mainly based on System 800xA.
This agreement will boost the market growth in the forecast period.Yokogawa was awarded an agreement by Sharjah Electricity and Water Authority (SEWA), in January 2017, to offer control systems for the desalination station and Layyah power.
The company will offer the CENTUM VP integrated production control system for the turbine governor, boiler, turbine protection system and the ProSafe-RS security instrumented system for boiler protection and burner management.In November 2018, ABB offered its Ability Symphony Plus distributed control system, an incorporated automation solution to manage the production of China’s first commercially controlled concentrated solar power plant.
This will boost the distributed control system market in the years to come.Emerson Electric Co, in April 2018, developed a superior version of DCS, named as DeltaV version 14.
Furthermore, this upgrade has helped to decrease working costs by improving efficiency and security in development operations.ABB (Switzerland) announced 800xA 6.1 distributed system, in March 2019, presenting upgraded Ethernet solution with a series of engineering tools, and extra high integrity controllers.
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.
