Distributed Control System Market Analysis By latest Trends, Growths in Manufacturing Technology and Regional Growth Overview during forecast year 2018-2027

Distributed Control Systems Global Market Prominent Players:-

Dominant players in the distributed control system market include ABB Ltd. (Switzerland), Emerson Electric Co. (U.S.), Siemens AG (Germany), Schneider Electric (United Kingdom), Honeywell International Inc. (U.S) and Yokogawa Electric Corporation (Japan) and others.

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Distributed Control Systems Global Market – Overview

Distributed Control System is a platform used in manufacturing industries to control and manage the process. The DCS system has the networking capabilities which are useful in the process management. The inputs and outputs can be analog signal or discrete signal. As per the study conducted by Market Research Future, the global market for distributed control systems is likely to grow at the CAGR of around 5%.

Geographically, the global distributed control systems market has been divided into North America, Europe, Asia Pacific and Rest of the World. Due to the increasing manufacturing activities in the Middle East and Asia-Pacific, the market is estimated to grow at a good pace in these regions. China is estimated to have the biggest market size regarding the revenue generated, through the installation of the DCS systems. The Chinese market has a substantial pharmaceutical presence and posts scalable opportunities for the local players to transform into global players and is expected to drive the DCS market in APAC. Also, Europe is expected to generate high revenues, due to the high rate of investments in the production facilities from Germany and France, among others.

Industry News:-

In November, 2017 – ABB and Hewlett Packard Enterprise (HPE) announced a strategic global partnership that combines ABB’s industry-leading digital offerings, ABB Ability, with HPE’s innovative hybrid information technology (IT) solutions. The partnership will provide customers with solutions that generate actionable insights from vast amounts of industrial data to increase the efficiency and flexibility of their operations and create competitive advantage.

In September, 2017 – ABB Strengthens Electrification Position with GE Industrial Solutions. GE Industrial Solutions will be integrated into ABB’s Electrification Products (EP) division, which will have an initial dampening effect on EP’s profit margins.

In September, 2017 – Emerson Launches Industry-first Controller Designed for Automation Versatility and IIoT-enabled Operations. The next-gen controller provides scalable automation control to all process industries, particularly parts of the life sciences, oil and gas, petrochemical, and discrete manufacturing industries that have relied on complex, non-integrated programmable logic controllers (PLCs) with limited operational capabilities.

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Distributed Control Systems Global Market – Segmentation
The scope of global distributed control systems market is segmented into three major segments which are explained below:

By Industry
o Oil & Gas
o Power Generation
o Chemicals
o Pharmaceutical
o Metals & Mining
o Paper & Pulp
o Food & Beverage
o Others

By Components
o Hardware
o Software
o Services

By Application
o Continuous Process
o Batch Process

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Regional Analysis:

The developed regions market is facing a stagnant situation due to lower market growth with the U.S. leading the developed regions followed by Europe at the second position.

Asia-Pacific was estimated to be the largest market owing to the explosive growth of industrial bases in China and India. The Middle East & Africa region is also anticipated to generate rapid growth with the Gulf nations leading the way.

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This release was published on openPR.