Distributed Control System Market Major Players Involved in Development Stages | Emerson Electric Co. , Schneider Electric, Siemens AG , ABB Ltd. , Honeywell International Inc.

Distributed Control System Global Market Overview:-

A distributed control system (DCS) is a computer control system to manage process with a large number of autonomous distributed control loops, with a supervisory control. DCS drives on the idea of decentralizing the control unit while interlinking them by a common network which also enables control, and monitoring the components individually. DCS provides flexibility of design as well as simplicity of operation which further enhances its value.
Global distributed control system market is anticipated to generate a CAGR of 5.8 % during the forecast period ending 2027.

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Prominent Players of Distributed Control System Market:-

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.

Industry Trends:-

“Players need to upgrade their security features so as to compete effectively and information technology has to play a larger role than ever especially for projects involving critical industries and applications”, he adds with a smirk on his face!

There has also been a seismic shift in the industry from being hardware based transitioning to software. The pricing pressures and shrinking hardware business has created antecedents for the transition to software and value-added services. The need for real-time performance management (RPM), risk management coupled with automation was demonstrated by the ill-fated Fukushima reactor disaster. Thus artificial intelligence has a role to play which has the potential to transform the very face of the distributed control system market.

Segments:

Global Distributed Control System market has mainly been segmented by:
• Industry - Oil & Gas, Chemicals, Power Generation, Metals & Mining, Food & Beverage, Pharmaceutical, Paper & Pulp and Others
• Application - Batch and Continuous
• Component - Hardware, Software, and Services
• Region - North America, South America, Europe, Asia-Pacific and Middle East & Africa.

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Regional Analysis of Distributed Control System (DCS) Market:

Asia-Pacific was estimated to be the largest market for distributed control system in 2015. It is also expected to grow at highest rate during the forecast period. The Middle East & Africa region is also projected to experience rapid growth during the forecast period.

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