IMARC Group, a leading market research company, has recently releases report titled “Distributed Control Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global distributed control systems market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the distributed control systems market?
The global distributed control systems (DCS) market size reached US$ 19.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2023-2028.
What is distributed control systems?
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 (FB), pharmaceutical, oil and gas, metal and mining, and paper and pulp industries across the globe.
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What are the growth prospects and trends in the distributed control systems industry?
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 FB 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.
What is included in market segmentation?
The report has segmented the market into the following categories:
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
Who are the key players operating in the industry?
The report covers the major market players including:
- 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.
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