Report

Distributed Control System Market Size, Share & Trends Analysis - Global Opportunity Analysis And Industry Forecast 2030

  • Publish Date: Mar,2022
  • Report ID: QI038
  • Page : 200
  • Report Type : PDF (Email)
The global distributed control system market size was US$ 19.1 billion in 2021. The global distributed control system market is forecast to grow to US$ 29.5 billion by 2030, registering a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030.

The processing industries deploy highly developed automation technologies like distributed control systems to outgrow competitors. These systems serve as expansions of traditional controllers in a variety of sectors.

Factors Influencing the Market

The rising adoption of smart applications and IoT technologies across various industrial verticals is forecast to drive the growth of the global distributed control system market during the study period. In addition, the deployment of smart devices is rapidly increasing as it offers ease and enhanced performance. Thus, it will offer ample growth opportunities for global distributed control system market to reduce time delays.

The growing number of advancements in DCS systems are forecast to gain traction in the coming years. Thus, it will offer ample growth opportunities for the global distributed control system market growth. In addition, companies are also thriving to outperform and develop products that gain traction. As a result, it will contribute to the global distributed control system market growth. ABB received an order in November 2018 to offer its ABB Ability Ellipse Asset Performance Management (APM) system to support Ameren Illinois' multi-million dollar energy transformation project.

The presence of cost-effective alternatives may limit the growth of the market.

COVID-19 Impact Analysis

The outbreak of the COVID-19 has considerably affected the global distributed control system market. As the industry is witnessing a significant change due to lockdown restrictions, it may affect the revenue growth over the forecast period. Companies are focusing on recovering their losses to grow. As the governments lift the regulations, the companies may begin to recover from the loss.

Regional Analysis

North America is forecast to hold the highest market share in the global distributed control system market. It is attributed to the rising shale gas industry in North America. Furthermore, growing power consumption will contribute to the growth of the distributed control system market.

The DCS market is forecast to grow in Asia-Pacific, mainly in countries such as China and India. The infrastructural expansion in these countries is growing at a rapid pace. In addition, ongoing power generation projects and technological innovations will contribute to the growth of the industry.

China accounts for the largest market for distributed control systems due to outstanding economic growth. The government in the country is focused on supporting clean energy projects, which will lead the overall global distributed control system market towards growth.

Competitors in the Market

ABB
Andritz
CG Power
Emerson
Hitachi
Hollysys
Honeywell
Larsen & Toubro
Mobile Automation
Novatech
Schneider Electric
Siemens
Toshiba
Other Prominent Players
Market Segmentation

Based on shipment scale, the DCS market has been segmented as follows:

Large
Medium
Small
Based on component, the DCS market has been segmented as follows:

Hardware
Software
Services
Based on application, the DCS market has been segmented as follows:

Continuous process
Batch-oriented process
Based on end-use industry, the DCS market has been segmented as follows:

Oil & Gas
Power Generation
Chemicals
Food & Beverages
Pharmaceutical
Metals & Mining
Paper & Pulp
Others
Based on Region, the DCS market has been segmented as follows:

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America