Distributed Control System (DCS) Market Size, By Voltage (Medium, High) Trends, Forecast, 2017 – 2024.
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The rise in demand for energy-related sales and retrofits may deliver viable growth opportunities during the forecast period. Furthermore, the internet-based system provides easy integration and polishes the operational functionality through remote access. DCS has the capability of meting out significant bulk of I/O points along with having networking abilities useful in process management. The DCS subsystem, can input varied process variables and data into the system thereby providing output in the form of control signals to various valves, motors, actuators and other control essentials. Distributed control system market helps in reducing installation costs by condensing control functions near the plant and enables monitoring and managerial access of the process remotely.
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A DCS centralizes the operations giving more simplicity and easier management through the integration of the various processes and functionalities. By allowing central control, the system greatly reduces the possibility of component failure as the system facilitates a secure, powerful architecture that also negates obsolescence by enabling system upgradation to rapidly adjust to the advancing computer technologies. Superiority over PLC and easy monitoring of the plant processes are factors driving the distributed control system market during the forecast timeframe.
A DCS network allows the different control methods including manual/auto/supervisory to be placed on specific local loops. This gives the operator to manually manipulate the final control element and can be switched to auto mode for the computer to modulate the final element through a remote controller, usually a PID. Distributed control system market facilitates the implementation of digital control algorithms which gives the platform an edge owing to the benefits of digital systems. It includes high workability allowing changing of control algorithms without rewiring the entire system, low installation costs and easy maintenance along with easier operability are few among the numerous factors regarding distributed control system market that will complement the business growth.
By region, the distributed control system market can be segmented into North America, Europe, Asia-Pacific, Middle-East & Africa and Latin America. Rapid industrialization coupled with the presence of major players in the U.S. will assist the growth of distributed control system market. DCS systems are well suited for retrofitting purposes and around 5 million buildings in North America are available be retrofitted thereby further increasing the distributed control system market potential. Asia-Pacific is forecast to witness the highest growth owing to its expanding manufacturing facilities and high frequency deployment in the industrial market. Moderate growth will be experienced in Europe owing to the slump in economy while MEA and Latin America will see widespread adoption of the distributed control system market during the forecast period.
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Distributed control system market is estimated to show high growth potentials owing to the increasing energy demands and numerous technological advancements. Growing investments in the industry to improve operational efficiency and process quality will further drive the distributed control system market.
Notable participants in the distributed control system market are ABB, Azbil, Honeywell, Siemens AG, Yokogawa Electric, Emerson Electric, Schneider Electric SE, General Electric, Metso Corporation, NovaTech Process Solutions, Invensys, Mitsubishi, Omron, Rockwell Automation and Toshiba International.
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