Press release
Distributed Control System Market 2023 in-Depth Analysis by Leading Key Players like Schneider Electric SE, Rockwell Automation, Alstom SA, Siemens AG, Toshiba, Metso, Hitachi, Azbil, Emerson Electric, Crompton Greaves, Mitsubishi Electric and Honeywell
Distributed Control System Market
The global distributed control system market is anticipated to generate a CAGR of 5.8 % during the forecast period ending 2027; a report revealed by Market Research Future (MRFR). Distributed control system has been used in many industrial fields such as chemical plants, oil and gas industries, water management systems, food processing units, nuclear power plants, automobile industries and many more. Hence, current scenario across the globe in various industries is moving towards distributed control system which holds the market growth during the forecasted period. However, it is estimated that there will be a substantial growth of the global distributed control system market mostly due to the growth in power sector and integration of power generation capacities.
Key Players
The key players of global distributed control systems market are Schneider Electric SE (France), ABB Ltd. (Switzerland), Rockwell Automation Inc. (U.S.), Alstom SA (France), Siemens AG (Germany), Toshiba (Japan), Metso (Finland), Hitachi (Japan), Azbil Corp. (Japan), Emerson Electric (U.S.), Crompton Greaves Ltd. (India), Mitsubishi Electric Corporation (Japan), Honeywell International Inc. (U.S.) among others.
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Industry News
In November 2017 – ABB and Hewlett Packard Enterprise (HPE) publicized a global strategic partnership which combines ABB’s industry-leading digital offerings, ABB Ability, with HPE’s innovative hybrid information technology (IT) solutions. The partnership offered customers with solutions which generated actionable insights from vast industrial data to upsurge the efficiency of their procedures and create competitive benefit.
Segmental Analysis
The global distributed control system market has been segmented based on industry, component, and application.
Based on industry, the market is sub-segmented into oil & gas, power generation, chemicals, metal & mining, food & beverages, and others. Of these, power generation is holding the largest market share, due to increasing investment in renewables, power infrastructures, and power generation.
Based on the component, the market has been segmented as hardware, software, and services, where software usage has the most demanding status in the distribution control system and is expected to take the market to sky heights in the coming years.
Based on application, the market is further segmented by continuous and batch. Of them, the continuous segment is expected to lead the market growth in the coming years as industries such as oil & gas, power generation, and water & wastewater treatment employ the same process.
Regional Analysis
The globally distributed control system market growth has covered the regions of Asia-Pacific, America, and Europe.
Of these, Asia Pacific has witnessed the largest market owing to the volatile growth of industries in China and India. Industries such as grids are into expansion and strengthening the base and due to which device control system is the most viable and convenient system for controlling of grid resulting in higher functionality.
Whereas, the Middle East & Africa region also has a promising market for the distributed control system and is anticipated to present lucrative opportunities and growth with the Gulf nations leading the way.
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Brief TOC of Distributed Control System Market
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Supply Chain Analysis
Continue…
About Market Research Future:
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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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