Distributed Control System Market Global Size Estimation 2019, Growth Prospects, Top Company Profiles, Industry Share and Future Analysis 2023 | MRFR


Posted April 12, 2019 by DhanashreeP

Distributed Control System Market Report: Information by Component (Hardware, Software, Services), Application (Continuous, Batch-Oriented), End-Use (Oil & Gas, Power Generation, Chemicals, Pharmaceutical, Metal & mining), Region
 
Market Scenario

Distributed control system (DCS) is an automated control system used to control large and complex industrial processes with the help of controllers that are distributed throughout a factory or machine area. DCS consists of large number of control loops, which consists of controllers that are distributed throughout the system and there is central operator supervisory control. The key features of DCS are system redundancy, scalable platform, more sophisticated HMI, and system security. DCS reduce installation costs, enhances reliability, and requires minimal troubleshooting. Moreover, it provides remote monitoring and supervision of the process plant. DCS finds its applications in chemical plants, oil & gas industry, water management systems, food processing units, nuclear power plants, automobile industry, and so on. Traditional DCS was built only for one purpose that is process control. But now-a-days, companies are focusing on providing product that can integrate automation operations of entire plant/system. The global distributed control system market is expected to grow at ~6.5% CAGR during the forecast period.

Request Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/1698

Industry Highlights

The factors such as growing industrial infrastructure, rising power generation capacity additions, and focus on renewable generation are expected to drive the distributed control system market. The regions such as the Middle East & Africa are developing their infrastructure which is expected to boost the demand of DCS. Also, according to UNIDO 2017 report, the share of manufacturing sector in world’s GDP increased by 1.2% in 2016 compared to 2014. This signifies that countries are increasing their investments in industry sector, thereby boosting the global distributed control system market. Additionally, the Southeast Asian countries are focusing on power generation capacity augmentation and increasing renewable power generation, which is likely to drive the global distributed control system market. However, the delayed response time of DCS can restrict the growth of distributed control system market. The adoption of IoT for integrating plant facilities is expected to offer promising business opportunities to the global distributed control system market.

Browse Complete Research Report @ https://www.marketresearchfuture.com/reports/global-distributed-control-system-market-1698

Global distributed control system market is expected to witness significant growth during the forecast period owing to increasing investments in infrastructure sector, renewable power generation, and technological developments. The Asia Pacific region is expected to dominate the distributed control system market during the forecast period. The countries such as China, India, and Japan are the key countries in the region. Most of the countries globally, are expanding their grid infrastructure in order to meet the rising power demand, thereby driving the global DCS market. Additionally, development of smart grid offers promising business opportunities to the global DCS market. Integrating DCS with automation and PLC delivers greater flexibility to control distributed discrete field devices and their operating stations, thereby resulting in growth of distributed control system market during the forecast period.

Industry Segmentation

The global distributed control system has been segmented based on component, application, industry, and region.

Based on component, the market is segmented into hardware, software, and services. Software segment held the largest market share in distributed control system market in the 2017. The DCS market by application is segmented into continuous and batch. Continuous segment is expected to lead the DCS market owing to deployment of these systems in industries such as oil & gas, power generation, and water & wastewater. Manufacturing industries where designing of multiple products in multiple procedures takes place, the batch process control is deployed.

Based on industry, the market is segmented into oil & gas, power generation, chemicals, metal & mining, food & beverages, and others. The others include paper & pulp, textile, automotive, sugar, and pharmaceutical. Power generation is expected to dominate the DCS market due to increasing investment in renewables and power infrastructure.

The DCS market by region is divided into Asia Pacific, North America, Europe, and Rest of the World. Asia Pacific is expected to dominate the DCS market owing to infrastructural development and focus on power generation capacities in the region.

Key Players

The key players of global distributed control system market are Schneider Electric SE (France), ABB Ltd. (Switzerland), Rockwell Automation Inc. (U.S.), Emerson Electric (U.S.), Honeywell International Inc. (U.S.), Alstom SA (France), Siemens AG (Germany), Toshiba (Japan), Metso (Finland), Hitachi (Japan), Azbil Corp. (Japan), Crompton Greaves Ltd. (India), and Mitsubishi Electric Corporation (Japan) among others. These players are focusing on adoption of contracts & agreements as their key strategy to enhance their position in the DCS market.

View More Info @ https://bit.ly/2UTcspL

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Market Research Future

+1 646 845 9312

Email: [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Market Research Future
Phone 6468459312
Business Address Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar
Country India
Categories Energy
Tags distributed control system market , distributed control system market share , distributed control system market size , distributed control system market trends
Last Updated April 12, 2019