3.86% CAGR growth by 2023 in Distributed Control Systems Market| Dominant Vendors - ABB GROUP, HONEYWELL INTERNATIONAL INC., SIEMENS AG, SCHNEIDER ELECTRIC, MITSUBISHI ELECTRIC, METSO, OMRON CORPORATION, TOSHIBA, amongst others.

Market Analysis:

North America to Dominate the Market
The rapidly growing shale gas industry in North America is expected to be a major driver of the distributed control systems market in the region. The shale gas percentage rose from 1% to 20% between 2000 and 2010 and is expected to reach nearly 45% by 2035.

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In the current competitive scenario, it has become imperative for manufacturers in the process industry to deploy the best possible automation technology to gain a competitive edge. Although the concept of DCS is slightly dated, it remains the most popular form of design control system, especially for complex systems where redundancy is considered to be one of the most important pre-requisites. The power generation industry accounted for the largest market share in the global distributed control systems market. DCS allows for controllers to be distributed throughout an entire plant area by directly connecting sensors and actuates to I/O modules through a communication bus. The deployment of DCS has witnessed a sustained increase in high-risk applications, such as chemical and nuclear reactor facilities, where it is important for process managers to retain elevated levels of control over the entire plant. Growing adoption for smart applications and IoT technologies is driving the market.

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Market Segments:
Distributed Control Systems Market is segmented by:
1. Component: Hardware, Software, Services
2. End-user Vertical: Power Generation, Oil & Gas, Chemicals, Refining, Mining & Metals, Paper and Pulp, Others
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• November 2017 - Yokogawa introduced an AR-based SensPlus Buddy Communication Support Service, which is an easy-to-introduce-and-use solution that improves facility maintenance.
• October 2017 - OMRON Corporation acquired Microscan Systems Inc. OMRON plans to strive to develop new code reading devices and comprehensive solutions by combining Microscan Systems Inc.'s software technology.

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