Distributed Control Systems Market 2022 Status and Business Outlook - ABB Ltd., Honeywell International Corporation, Siemens AG, Schneider Electric, Mitsubishi Motors Corporation

The Distributed Control Systems Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The distributed control systems market was valued at USD 18.44 billion in 2020 and is expected to reach USD 23.2 billion by 2026, at a CAGR of 3.86 % over the forecast period 2021 - 2026.

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Top Leading Companies of Distributed Control Systems Market are ABB Ltd., Honeywell International Corporation, Siemens AG, Schneider Electric, Mitsubishi Motors Corporation, Rockwell Automation, Emerson Electric Company, Metso (Valmet Oyj), Omron Corporation, Novatech Llc (Weir Group), Azbil Corporation, Toshiba Inter and others.

Industry News and Updates

November 2018 - ABB won an order to supply its ABB Ability Ellipse Asset Performance Management (APM) solution to support Ameren Illinois multi-million dollar modernization of the energy delivery infrastructure across their service territory in Illinois.

- November 2018 - ABB provided its Ability Symphony Plus distributed control system (DCS), an integrated automation solution to control the production of China's first commercially operated concentrated solar power plant.

Key Market Trends

North America Expected to Account for Significant Market Share

- 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. This is expected to result in a parallel growth of the tightly integrated DCS market, which provides sustainability of the process through redundant controls in high-risk environments.

- This market is currently challenged by reducing oil prices globally, but can be relied upon to be a sizeable industry in the future. The requirement of a large amount of water in the Shale gas extraction has created a market for DCS systems in water treatment facilities as well resulting in a significant rise of the overall market.

- The manufacturing industry is witnessing a significant competition from the APAC and Latin America, which may negatively influence the investments into improved and advanced DCS systems.

Regional Outlook of Distributed Control Systems Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Distributed Control Systems Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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