Distributed Control Systems Market: Development Opportunities Accelerate in 2022 | Leading key players are ABB, Siemens, Honeywell, Yokogawa, Emerson, Schneider Electric, General Electric, Rockwell

According to the new market research report "Distributed Control Systems Market by Industry (Oil & Gas, Chemicals, Power Generation, Metals and Mining, Pharmaceutical, Paper and Pulp, Food and Beverage), Component (Hardware, Software, Services), Application, and Region - Global Forecast to 2022", The distributed control systems (DCS) market is expected to grow from an estimated USD 15.95 Billion in 2017 to USD 20.33 Billion by 2022, at a CAGR of 4.97%.

The market is set to grow due to the booming power sector and augmented power generation capacities worldwide, growing industrial infrastructure in regions such as Asia Pacific, the Middle East, and Africa, and increased use of renewable and nuclear energy for power generation.

Browse 74 Market Data Tables and 48 Figures spread through 158 Pages and in-depth TOC on "Distributed Control Systems Market - Global Forecast to 2022"

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The software segment is expected to account for the largest share of the DCS market, by component, during the forecast period

The software segment of the DCS market is expected to be the largest market in 2017. Software components include IT application parts and services such as installation, maintenance, and upgradation. The upgradation of software and upcoming technologies are expected to drive the DCS market during the forecast period.

The continuous process segment is expected to be the largest DCS market in 2017

The continuous process segment is expected to lead the DCS market during the forecast period. Industries such as oil & gas, power generation, and water and wastewater treatment employ the continuous process. Investments in the nuclear and renewable sectors of the power generation industry will drive the continuous process segment during the forecast period.

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Asia Pacific is expected to be the leading DCS market during the forecast period

The market in Asia Pacific is expected to dominate the global DCS market due to growing industrial infrastructure and increased investments in power generation in countries such as China, India, Indonesia, and Vietnam. The governments of these countries have ambitious plans to achieve complete electrification to support their rising population and industrial needs.

The research report categorizes the distributed control system market to forecast the revenues and analyze the trends in each of the following sub-segments:

• By Component

Hardware
Software
Services

• By Application

Continuous Process
Batch-Oriented Process

• By Region

North America
Europe
Asia Pacific
Middle East
South America
Africa

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the DCS market. These include ABB (Switzerland), Siemens (Germany), Honeywell (US), Yokogawa (Japan), Emerson (US), Schneider Electric (France), General Electric (US), Rockwell (US), Toshiba (Australia), Metso (Finland), Azbil (Japan), Novatech (US), Mitsubishi (Japan), Hitachi (Japan), Can-Technologies (Canada), CG Power (India), Chint Electric (China), Larsen & Toubro (India), Hyosung (South Korea), Andritz (Austria), Mobile Automation (Australia), HollySys (China), ZAT (Czech Republic), Concept Systems (US), and Ingeteam (Spain). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.

Critical questions the report answers:

Where will all these developments take the industry in the long term?
What are the upcoming trends for the distributed control system market?
Which segment provides the most opportunity for growth?
Who are the leading manufacturers operating in this market?
What are the opportunities for new market entrants?

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