Report ID :10325561 |
Published Date : 21 Oct 2022 |
Report Format : |
Delivery Timeline :48-72 Business Hours
Global Distributed Control Systems (DCS) Market is estimated to reach $24 billion by 2024; growing at a CAGR of 4.5% from 2016 to 2024. Distributed Control Systems (DCS) are used for controlling manufacturing processes across the various industries such as power generation, oil refining, pharmaceuticals, water management systems, and others. In DCS, the controller elements are distributed throughout the system. A DCS typically uses custom designed processors as controllers and uses both proprietary interconnections and communications protocol for communication. Distributed Control systems have gained popularity in various manufacturing industries to monitor and control distributed equipment.
The major factors supplementing the growth of the global distributed control systems market are growth in energy generation based on renewable resources, cost and time effectiveness, and emergence of open sources DCS solutions. However, slow industrial growth in developed economies may hamper the market growth in the coming years. Rapid industrialization and technological advancement would provide several growth opportunities for the global DCS market in the coming years.
The global distributed control systems market is bifurcated by component, and end user. By component, the global distributed control systems market is further classified into DCS hardware, DCS software, and DCS services. By application, the DCS market is segmented into water & wastewater management, chemical, oil & gas, metal & mining, pharmaceutical, power, pulp & paper, and other process industries.
Based on geography, the global DCS market has been segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Mexico and Canada are covered under North America wherein Europe covers UK, France, Germany, and others. Asia-Pacific covers China, India, Japan, and others. RoW covers South America, Middle East and Africa.
Major companies operating in the distributed control systems market are Honeywell International Inc., NovaTech Process Solutions LLC, ABB Ltd., Siemens AG, Rockwell Automation Inc., Emerson Electric Co., Yokogawa Electric Corporation, Emerson Electric Co., Metso Corporation, and Schneider Electric SA, among others.
The key takeaways from the report:
The report will provide detailed analysis of Distributed Control Systems Market with respect to major segments such as component and end user
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Distributed Control Systems Market from 2015 to 2024 has been included in the report
Profile of the key players in the Distributed Control Systems Market, will be provided, which include key financials, product & services, new developments and business strategies
Scope of Distributed Control Systems Market
Component Segments
DCS hardware
DCS software
DCS services
End User Segments
Chemical
Oil & Gas
Water & Wastewater Management
Power
Metal and Mining
Pharmaceutical
Pulp & Paper
Others
Geographical Segments
North America
US
Canada
Mexico
Europe
UK
France
Germany
Others
Asia-Pacific
China
India
Japan
Others
RoW
South America
Middle East
Africa
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