DUBLIN, Feb. 4, 2022 /PRNewswire/ — The “Distributed Control System Market by Shipment Scale (large, medium, small), by Component (hardware, software, services), Application (continuous process, batch-oriented process), End-use Industry, and Region – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.
The DCS market is projected to reach USD 23.2 billion by 2026 from an estimated USD 17.5 billion in 2021, in order to meet the increasing demand from power sector.
It provides benefits such as a Distributed control systems have networking capabilities that are useful for business management, and the ability of these systems to process a large number of I/O points simultaneously has led to the growth of the DCS market.The software segment by component is expected to grow at the highest CAGR from 2021 to 2026.Based on the component of DCS systems, the software component is estimated to be the fastest-growing market from 2019 to 2026. The software segment includes IT applications such as advanced process control systems, controller integration with DCS, technology libraries, telecontrol software, connectivity solutions, parameter control, and materials management systems, process optimization and process safety solutions, and advanced software and virtualization solutions. It offers a common platform for devices to connect and operate. Upgrades to existing software, increased use of distributed control systems in cloud computing technologies, and upcoming technologies such as IoT are the major drivers of the software segment of the DCS market. The software solutions are cost-effective and can be replaced and upgraded easily.Continuous process segment by application is expected to emerge as the largest segment for DCS implementationThe continuous process segment, by application, is projected to hold the highest market share during the forecast period. The continuous process is a method where the manufacturing process is carried out without any interruption and is generally preferred when producing large quantities. It is the faster-growing application in the DCS market. The continuous production process is used in oil & gas, chemicals, power generation, and water & wastewater treatment industries and is one of the more efficient and profitable methods of production. The use of distributed control systems in nuclear as well as renewable sectors in the power generation industry and in upstream and downstream activities in the oil & gas industry are the major factors driving the continuous process segment. The increasing production of chemicals and the growing demand for distribution control systems in the refining industry also contribute to the segment’s growth.Asia Pacific: The largest DCS marketAsia Pacific is currently the largest DCS market, followed by North America and Europe. China accounted for the maximum share of the Asia Pacific market in 2020. It is also projected to grow at the highest CAGR from 2021 to 2026. The market is expected to grow due to rapid industrialization, urbanization, and economic growth in the region, leading to the installation of new DCS systems in various emerging economies.Key Topics Covered:
1 Introduction2 Research Methodology3 Executive Summary4 Premium Insights4.1 Attractive Opportunities in DCS Market4.2 DCS Market in Asia-Pacific, by Component and Country4.3 DCS Market, by Component4.4 DCS Market, by Application4.5 DCS Market, by End-Use Industry4.6 DCS Market, by Region
5 Market Overview5.1 Introduction5.2 COVID-19 Health Assessment5.3 Road to Recovery5.4 COVID-19 Economic Assessment5.5 Market Dynamics5.5.1 Drivers5.5.1.1 Booming Power Sector and Augmented Power Generation Capacities Worldwide5.5.1.2 Growing Industrial Infrastructure for Power Generation in Developing Countries5.5.1.3 Increasing Use of Renewable Energy for Power Generation5.5.2 Restraints5.5.2.1 Availability of Low-Cost Alternatives5.5.2.2 Sluggish Response Time of Distributed Control Systems5.5.2.3 High Degree of Redundancy5.5.3 Opportunities5.5.3.1 Changing Face of Manufacturing Industry in Middle East5.5.3.2 Adoption of Industrial Internet of Things (IIoT) for Real-Time Decision-Making and Increasing Use of 5G Technology in Industrial Environments5.5.3.3 Development of Power Grid Market5.5.4 Challenges5.5.4.1 Stagnant Growth of Oil & Gas Industry5.5.4.2 Slowdown in Mining Industry in Asia-Pacific, Americas, and Africa5.5.4.3 Impact of COVID-195.6 Trends and Disruptions Impacting Customers5.6.1 Revenue Shift and New Revenue Pockets for Market Players5.7 Market Map5.8 Pricing Analysis5.9 Value Chain Analysis5.10 Technology Analysis5.10.1 Different Technologies Used by Industries Deploying Distributed Control Systems5.11 Regulatory Landscape5.12 Innovations and Patent Registrations5.13 Porter’s Five Forces Analysis5.13.1 Threat of Substitutes5.13.2 Bargaining Power of Suppliers5.13.3 Bargaining Power of Buyers5.13.4 Threat of New Entrants5.13.5 Intensity of Competitive Rivalry5.14 Case Studies
6 Distributed Control System Market, by Shipment Scale6.1 Introduction6.2 Large Scale6.2.1 Large Size Shipment Scale is Driven by Oil & Gas and Metals & Mining Industry6.3 Medium Scale6.3.1 Medium Scale Shipment Segment is Driven by Pharmaceuticals and Chemicals Industries6.4 Small Scale6.4.1 Small Scale Shipment Segment is Driven by Small-Scale End-users Such as Bakeries and Power Looms
7 Distributed Control System Market, by Application7.1 Introduction7.2 Continuous Process7.2.1 Ability to Control Complex Processes Without Any Interruption is Driving DCS Market for Continuous Process7.3 Batch-Oriented Process7.3.1 Increasing Demand for Superior Quality Products is Driving Batch-Oriented Process Segment
8 Distributed Control System Market, by Component8.1 Introduction8.2 Software8.2.1 Software Applications Analyze Data and Help Identify Precise Locations for Repair8.3 Hardware8.3.1 Hardware Components Help Perform Various Functions, Including Field Data Collection8.4 Services8.4.1 Services Cover Procedures from Designing to Installation and from Training to Maintenance
9 Distributed Control System Market, by End-Use Industry9.1 Introduction9.2 Oil & Gas9.2.1 Use of Distributed Control Systems is Essential in Oil & Gas Industry to Optimize Production9.3 Power Generation9.3.1 Use of Distributed Control Systems is Increasing for Data Acquisition in Power Generation Industry9.4 Chemicals9.4.1 Increasing Need for Reliable Plant Operations is Driving DCS Market in Chemicals Industry9.5 Food & Beverages9.5.1 Need to Maintain Quality of Food Products and Beverages is Driving DCS Market in this Industry9.6 Pharmaceuticals9.6.1 Need to Increase Productivity and Minimize Costs Has Led to Rising Demand for Distributed Control Systems in Pharmaceuticals Industry9.7 Metals & Mining9.7.1 Increasing Demand for Ensuring Operational Safety and Achieving Consistent Efficiency are Driving DCS Market in Metals & Mining Industry9.8 Paper & Pulp9.8.1 Need to Carry Out Multiple Operations Simultaneously is Driving DCS Market in Paper & Pulp Industry9.9 Others
10 Geographic Analysis
11 Competitive Landscape11.1 Key Player Strategies11.2 Market Share Analysis of Top Five Players11.3 Revenue Analysis of Top Five Market Players11.4 Company Evaluation Quadrant11.4.1 Stars11.4.2 Pervasive Players11.4.3 Emerging Leaders11.4.4 Participants11.5 Competitive Scenario
12 Company Profiles12.1 Key Players12.1.1 Abb12.1.2 Schneider Electric12.1.3 Emerson12.1.4 Siemens12.1.5 Honeywell12.1.6 General Electric12.1.7 Rockwell Automation12.1.8 Yokogawa12.1.9 Valmet12.1.10 Toshiba International Corporation Pty. Ltd.12.1.11 Azbil Corporation12.1.12 Hitachi12.1.13 Mitsubishi Electric12.1.14 Novatech Automation12.1.15 Hollysys Automation Technologies Ltd.12.1.16 Andritz Group12.2 Others Players12.2.1 Concept Systems12.2.2 Zat12.2.3 Ingeteam12.2.4 Omron Industrial Automation
13 Appendix
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