Distributed Control Systems Market Worth US$ 25 Billion by 2027 at CAGR of 5.8% | IMARC Group

IMARC Group has recently released a new research study, titled "Distributed Control Systems Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global distributed control systems (DCS) market size reached US$ 18.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 25.0 Billion by 2027, exhibiting a growth rate (CAGR) of 5.8% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Distributed control systems (DCS) are automated systems consisting of local controllers in various sections of the manufacturing plant. They provide the geographical distribution of subsystems throughout the plant and aid in improving production, scheduling, preventative maintenance, information exchange, process quality, and plant efficiency. At present, they find applications in the chemical, food and beverage (F&B), pharmaceutical, oil and gas, metal and mining, and paper and pulp industries across the globe.

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Market Trends

The growing global population and a significant rise in the demand for power and energy to support sustainable development represent one of the key factors positively influencing the market. In addition, DCS comprises various technological devices equipped with smart components for reducing time consumption, improving productivity, and enhancing the performance of the manufacturing plant. This, coupled with the increasing adoption of the latest automation technologies, is propelling the growth of the market worldwide. Besides this, DCS is employed in the food manufacturing process to provide control to programming facilities for performing modification of recipes. This, in confluence with the increasing automation in the F&B industry, is strengthening the market growth. Furthermore, the rising adoption of advanced technologies, such as artificial intelligence (AI) in DCS, which helps in achieving optimal energy management is stimulating the growth of the market.

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List of Key Companies Covered in this Market Report:

 ABB Ltd.
Azbil Corporation
Emerson Electric Co.
Honeywell International Inc.
Mitsubishi Motors Corporation
Omron Corporation
Rockwell Automation Inc.
Schneider Electric SE
Siemens Aktiengesellschaft 
Toshiba Corporation.

The report has segmented the market on the basis of type, component, process, application and geography.

Breakup by Component:

Hardware
Software
Services

Breakup by Process:

Continuous Process
Batch-oriented Process

Breakup by Application:

Power Generation
Oil and Gas
Chemicals
Food and Beverage
Mining and Metals
Paper and Pulp
Pharmaceutical
Others

Breakup by Geography:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.