Press release
Distributed Control System Market 2019- Siemens AG, ABB, Honeywell, Emerson Electric, Schneider Electric
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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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.
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.
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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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