Distributed Control Systems Market: 2019 Share, Potential Growth, Size, Regional Analysis, Competitive Landscape, Industry Outlook With Global Forecast To 2023

According to the latest report “Distributed Control Systems Market by Component (Hardware, Software, Services), Application, End-Use, Region with Forecast To 2023, published by Market Research Future, the Global Distributed Control System Market To Expand at CAGR Of 5.30% During forecast period of 2019 to 2023.

Pune, India - May 3, 2019 /MarketersMedia/ —

According to the latest report “Distributed Control Systems Market by Component (Hardware, Software, Services), Application (Continuous, Batch-Oriented), End-Use (Oil & Gas, Power Generation, Chemicals, Pharmaceutical, Metal & mining), Region with Forecast To 2023, published by Market Research Future, the Global Distributed Control System Market Size To Expand at a Notable CAGR Of 5.30% During forecast period of 2019 to 2023.

Distributed Control Systems Market Highlights:

The key players of global DCS Market are ABB (Switzerland), Emerson (USA), Schneider Electric (France), Siemens (Germany), Rockwell Automation (US), General Electric (US), Honeywell International Inc. (US), Yokogawa (Japan), Toshiba (Japan), Hitachi (Japan), Azbil Corporation (Japan), and Metso Corporation (Finland).

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Distributed Control Systems Market Drivers and Restraints:

Increasing use of renewable energy sources would lead to enhancement of grid development projects, including DCS and microgrids technologies. As per International Renewable Energy Agency (IRENA), there would be USD 400 billion of annual investment in renewable energy sources by 2020. Similarly, as per IRENA report 2016, USD 11 billion was invested in renewable energy generation, across the GCC countries in 2016.

Similarly, emerging markets such as India, China, and other South-East Asian countries are focusing on investing in renewable energy in order to meet the power demand. Also, renewable and nuclear power plant systems integrated with wind turbine generators, synchronous machines, battery-based energy storage system would drive the demand for DCS, which is used for managing and controlling the entire power plant system, effectively.

Additionally, China, over the last decades has become a global manufacturing hub, with many multinational companies setting up high volume production facilities in the country. Countries such as Australia, Thailand, and Indonesia have a great scope for DCS as these countries are witnessing significant industrialization. Moreover, in these countries, along with the growing manufacturing facilities, competition among manufacturers is also growing. China and India are the fastest growing economies in Asia-Pacific, and the manufacturing industry is expected to grow substantially during the forecast period.

According to the World Bank, China’s manufacturing added value in 2017 was USD 3.59 trillion, which is the highest in the world. The economy in China is undergoing tremendous growth in the manufacturing and processing industry, which is expected to be retained during the forecast period. However, due to the rise in competition, companies are seeking technologies that can reduce operational costs and improve the efficiency of the production facilities. For instance, in November 2018, ABB (Switzerland) completed the delivery of its DCS Ability Symphony Plus to China General Nuclear Power Group (China), for the centralized control of a concentrated solar power plant. Such developments would drive the market for DCS in Asia-Pacific.

Global Distributed Control Systems Market Segments Analysis:

Based on end-use, the market is segmented as Oil & Gas, Power Generation, Food & Beverage, Chemicals, Pharmaceutical, Metal & mining, Paper & Pulp, and others.

Oil & gas segment is estimated to dominate the market during the forecast period due to the increase in capacity addition of the refineries especially in North America and Asia-Pacific.

On the basis of components, the market is segmented as hardware, software, and services. Software component of DCS is configured with hardware and the architecture for receiving the information and using real-time information to enhance the agility and productivity of industries such as oil & gas, power generation, chemicals, and others.

Global Distributed Control Systems Market Regional Analysis:

DCS Market by region is segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Asia-Pacific is expected to hold the largest share in the global DCS market during the forecast period with 31.40% share. China was the largest market in 2017, valued at USD 1,523.5 million. The growth in DCS in Asia-Pacific can be attributed to China, Japan, and India, where the manufacturing industry is growing tremendously. Due to the growing production, urbanization, and competition among manufacturers, there is an increased necessity for higher operational efficiency, minimizing production cost, and process control industries with integrated controllers having high distributed control capability. Additionally, industries such as power generation, oil & gas, chemicals, and pharmaceutical, among others are growing significantly in Asia-Pacific.

Report Overview:

The report for Distributed Control Systems Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

TABLE OF CONTENTS:

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1 PORTER’S FIVE FORCES ANALYSIS

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 BARGAINING POWER OF SUPPLIERS

3.1.4 THREAT OF SUBSTITUTES

3.1.5 SEGMENT RIVALRY

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

Continued…

List Of Tables:

TABLE 1 MARKET SYNOPSIS 15

TABLE 2 LIST OF ASSUMPTIONS 23

TABLE 3 GLOBAL DISTRIBUTED CONTROL SYSTEM MARKET BY COMPONENT, 2016–2023 (USD MILLION) 34

TABLE 4 GLOBAL DISTRIBUTED CONTROL SYSTEM MARKET, BY APPLICATION, 2016–2023 (USD MILLION) 37

TABLE 5 GLOBAL DISTRIBUTED CONTROL SYSTEM MARKET, BY END-USE, 2016–2023 (USD MILLION) 43

TABLE 6 NORTH AMERICA DISTRIBUTED CONTROL SYSTEM MARKET, BY REGION, 2016–2023 (USD MILLION) 47

Continued…

LIST OF FIGURES:

FIGURE 1 GLOBAL DISTRIBUTED CONTROL SYSTEM MARKET: MARKET STRUCTURE 17

FIGURE 2 RESEARCH PROCESS OF MRFR 19

FIGURE 3 TOP-DOWN & BOTTOM-UP APPROACHES 22

FIGURE 4 GLOBAL ELECTRICITY DEMAND, (2016–2040) 25

FIGURE 5 PORTER’S FIVE FORCES MODEL: GLOBAL DISTRIBUTED CONTROL SYSTEM MARKET 28

FIGURE 6 SUPPLY CHAIN: GLOBAL DISTRIBUTED CONTROL SYSTEM MARKET 29

Continued…

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