Distributed Control System Market Significant Growth, Global Analysis And Updated Key Player-2027

Market Scenario:

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.

Market Dynamics:

Drivers

The growing adoption of distributed control systems due to prosperity of end user industries and applications such as petrochemical, nuclear power, automobile, pharmaceutical, food processing and others coupled with their attractive economics such as reduces installation costs, increases reliability, remote monitoring, localizing of control functions and others are the critical drivers of the market.

Technological advantages such as growing adoption of wireless systems, remote management, mobile interfaces, embedded web-servers and others are charging the market due to their increasing functionality.

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Restraints

Technology is a double faced sword when it comes to the distributed control system as the threat of security breaches is growing owing to provisions of mobile interfaces, and remote management. The falling oil prices and sluggish growth of the U.S. economy has constrained the market. Poor compliance with security standards and common protocols has compounded the situation.

Segments:

To generate a comprehensive understanding of the market the report on global distributed control system market has been segmented by industry, application, components and region.

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.

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.

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.

Industry Trends:

“Emerging sectors such as renewable power generation is the most lucrative market opportunity” comments Mr. Suhail Noolkar, researcher at Market Research Future. He further adds that “shift from batch operations to continuous manufacturing coupled with increasing automation will drive the distributed control system market towards the automotive and pharmaceutical sectors”.

However Mr. Noolkar warns that “data security and cyber security are prominent threats which is demonstrated by the recent breaches threatening safety of plants and people alike. This has resulted in the technological shift towards security and encryption”.

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“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.

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This release was published on openPR.