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Distributed Control Systems (DCS) Market By Offering (Hardware, Software, Services), By End-use Vertical (Oil & Gas, Power Generation, Industrial Manufacturing, Pharmaceutical, Paper And Pulp, Food & Beverage, Others), By Application (Batch-oriented Process, Continuous Process) - Growth, Future Prospects & Competitive Analysis, 2019 – 2027

The global distributed control systems market was valued at US$ 16.57 Bn in 2018 and is expected to register strong growth, expanding at a CAGR of 4.3% during the forecast period from 2019 to 2027.

Asia Pacific to remain the largest Distributed Control Systems (DCS) market by 2027.

Asia Pacific represented the largest distributed control systems market worldwide in 2018 and is presumed to retain its leading position throughout the forecast period of 2019–2027. The dominance and anticipated growth in the region are largely due to heightened investments made in augmenting oil and gas production and refining capacities. China remains the engine of growth, contributing well over one-third of the region's market value.

In a bid to minimize its dependence on coal-fired power generation, China is expanding its wind, solar, and nuclear power generation capacities, which, in turn, is driving demand for distributed control systems. In developed countries with a strong installed base, the need for the aftermarket portfolio and value-added services, including system upgrades, consulting, and optimization of lifecycle costs has surged over the last few years. The trend shall continue during the forecast period from 2019 to 2027.

Value Contribution from the Power and Energy Sector to Be Highest Throughout the Forecast Period

In the base year 2018, the adoption of distributed control systems was highest in the power and energy, and oil and gas segments. The value contribution from these segments collectively stood at over 48.0% in the same year. Increased automation in a bid to achieve power quality and plant efficiency and limit dependency on conventional fossil fuels has highlighted the importance of the power industry, thereby paving the way for the increased adoption of distributed control systems in the industry worldwide. The trend is expected to persist, driving demand for DCS solutions and services in the power and energy sectors during the forecast period from 2019 to 2027.

Key Players:

Some of the leading manufacturers profiled in the research study include ABB Group, The Emerson Electric Co., Metso Corporation, Honeywell International Inc., Yokogawa Electric, Rockwell Automation, Inc., General Electric, Invensys, Schneider Electric SE, and Siemens AG, among others.

Historical and Forecast Period

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. The CAGR (compound annual growth rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

Key questions are answered in this report.

  • What was the global market value of distributed control systems in 2017 and 2018?
  • What are the estimated forecast and market projections for the global distributed control systems market from 2019 up to 2026?
  • Which is the largest distributed control systems market in terms of geography?
  • Which component segment contributes the largest revenue worldwide?
  • Which end-use vertical has the highest penetration of distributed control systems?
  • Which end-use vertical will be the most attractive segment?
  • Predominant trends shaping the global market for distributed control systems
  • Who are the leading manufacturers in the global distributed control systems market worldwide?
  • What are the key strategies adopted by the leading manufacturers in the global market for distributed control systems?

Frequently Asked Question:

The market for Distributed Control Systems Market is expected to reach USD$ 16.57 Bnin 2027.

The Distributed Control Systems Market is expected to see significant CAGR growth over the coming years, at 4.3%.

The report is forecasted from 2019 -2027.

The base year of this report is 2018.

Emerson Electric Co., Metso Corporation, Honeywell International Inc., Yokogawa Electric, Rockwell Automation, Inc., General Electric are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jul 2019
Category:  Automation & Process Control
Report ID:   59751
Report Format:   PDF
Pages:   120
Rating:    4.3 (55)
Delivery Time: 24 Hours to 48 Hours   
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