Global Distributed Control Systems Market size is projected to be valued $26.7 Billion by 2025; with a CAGR of 4.6% from 2017 to 2025. Distributed control systems include a large number of control loops, which are distributed throughout the system with autonomous controllers. A DCS typically uses custom designed processors as controllers and uses both proprietary interconnections and communications protocol for communication. Wide range of industries such as chemical plants, water management systems, oil refining plants, electrical power grids, pharmaceutical manufacturing, and electrical generation plants pose a huge demand for DCS to monitor and control distributed equipment.
Emergence of open sources DCS solutions, growth in energy generation based on renewable resources, and cost and time effectiveness are the major factors supporting the growth of the global distributed control systems market. However, slow industrial growth in developed economies may hamper the market. 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 has been segmented on the basis of component, and end user. By component, the global DCS market is further segmented into DCS hardware, DCS software, and DCS services. By application, the market is classified into oil & gas, power, chemical, metal and mining, pulp & paper, pharmaceutical, water & wastewater management, and others.
The global distributed control systems market has been segmented by geography into North America, Europe, Asia-Pacific and rest of the world. 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. Rest of the World (RoW) covers South America, Middle East and Africa.
Major companies operating in the DCS market are Yokogawa Electric Corporation, Emerson Electric Co., Honeywell International Inc., Siemens AG, Rockwell Automation Inc., NovaTech Process Solutions LLC, ABB Ltd., Emerson Electric Co., Metso Corporation, and Schneider Electric SA, among others.
The report covers
Scope of the Global Distributed Control Systems Market
End User Segments