Distributed Control Systems Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMICT1042 | Last Updated On: Jun 23 2022 | Available Formats

> Global Distributed Control Systems Market Expected to reach a high CAGR By 2029: DataM Intelligence

Global Distributed Control Systems (DCS) Market is Segmented By Component (Software, Hardware, Service), By End-User(Oil and Gas Industry, Power Generation Industry, Pharmaceuticals Industry, Food and Beverages Industry), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis,  2022-2029

 

Market Overview

The Global "Distributed Control Systems Market" is expected to grow at a CAGR during the forecasting period  (2022-2029).

A distributed control system (DCS) is a digital automated industrial control system (ICS) that uses geographically distributed control loops throughout a factory, machine, or control area. DCS has several local controllers located throughout the area that are connected by a high-speed communication network. DCS is commonly used in serval processes, including agriculture, chemical plants, nuclear power plants, food processing, and sewage treatment plants.

Market Dynamics

The emergence of open-source DCS solutions, growing global energy demand, and an increase in demand for oil and gas are the major factors supporting the growth of the global distributed control systems market.

Increasing demand for oil and gas in the world is one of the primary factors promoting the growth of the global distributed control systems market. According to the International Energy Agency (IEA), the global oil demand in 2018 is 6.9 Mb/d and is expected to reach 104.7 Mb/d by 2023. The demand is expected to rise at an average annual rate of 1.2 Mb/d with countries like China and India together contributing to more than 50% of the global oil demand. Furthermore, technological advancement has played a substantial role in the growth of the globally distributed control systems (DCS) market. Owing to these factors, the globally distributed control systems market is anticipated to witness positive growth in the future.

However, the market is restrained by factors such as cyber threats and data integration challenges. As the information is shared without human intervention, sensitive data is also shared creating greater risks. These factors might be responsible for impeding the growth of the global distributed control systems market in the future.

Market Segmentation 

The globally distributed control systems (DCS) market is segmented by the end-user such as the power sector, oil and gas, pharmaceuticals, food and beverages, and others. Of these, Oil and Gas dominate the market due to the increase in the number of refinery plants. Moreover, the global oil production as per the Global energy statistical yearbook in 2005 was about 88,721 thousand barrels per day and reached 92,649 thousand barrels in 2017 with a 0.7% annual growth rate. Further, Advancement in digital technologies and control systems has improved efficiency and better monitoring in the oil & gas refining sector.

Geographical Analysis

Geographically, the globally distributed control systems (DCS) market is segmented into North America, South America, Europe, Asia Pacific, and the Middle East and Africa. Of these, Asia Pacific dominates the market due to the increasing demand for power and growing industrial infrastructure in the region. According to the Global Energy Statistical Yearbook 2018, the Asia Pacific Energy demand increased from 5,617 Mtoe in 2015 to 5,739 Mtoe in 2016 finally reaching 5,909 Mtoe in 2017. Moreover, according to the United Nations Industrial Development Organization (UNIDO), the manufacturing output of China rose by 6.4% in 2018, the highest in any country in the world. India's manufacturing output grew by 5.3%, and Indonesia's production increased by 4.6%. Furthermore, in China DCS services are growing strongly and will account for the most revenues in the long term.

Competitive Trends

Global distributed control systems (DCS) Market is fragmented with the presence of many local and international players. However, ABB Ltd., Emerson Electric Co., Siemens AG, and Honeywell are prominent players in the globally distributed control systems (DCS) market. ABB Ltd. is one of the major companies in distributed control systems is enhancing the market through technical development and product launch. For instance, in November 2018, ABB Ltd. introduced its latest DCS Freelance for process industries at SPS IPC Drives. Furthermore, the companies are focused on technology development and new product launches to maintain their competitive edge over other market players. For instance, in April 2018, Emerson launched its DeltaV digital control system to fast-growth industries traditionally less reliant on large-scale automation

For instance, in July 2018, NovaTech introduced its distributed control system software, D/3 Version 16 (D3v16). D3v16 provides a PCM5 process controller with embedded Cyber Security, full system virtualization down to the controller level, and engineering enhancements. Owing to these factors, the oil and gas segment is anticipated to dominate the global distributed control systems market.

Key Takeaways

  • The Oil & Gas segment is the leading segment owing to the increase in the number of refinery plants.
  • The Asia Pacific is the leading region by geography owing to the increasing demand for power and growing industrial infrastructure in the region.
  • The companies are focused on installation to expand the global footprint and consolidate the market position. For instance, in April 2016, AGL Energy Limited (AGL) has announced plans for a USD 63 million project to install a Distributed Control System (DCS)1 at AGL Macquarie’s Bayswater power station in the NSW Hunter Valley.

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