Overview and Scope
A distributed control system (DCS) is a computerized control system for a process or plant, usually with many control loops, in which autonomous controllers are distributed throughout the system, as opposed to a centrally located single unit. The purpose of a distributed control system (DCS) is to provide automatic control of industrial processes in vast control areas. This system architecture offers more profitable ways to increase and maintain control, process quality, and reliability for the efficiency of the facility.
Sizing and Forecast
The distributed control systems market size has grown strongly in recent years. It will grow from $19.14 billion in 2023 to $20.46 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to growing use of renewable energy for power generation, growing industrial infrastructure, focus on operational efficiency and cost reduction, thriving power industry and increased capabilities of power generation, compliance and safety rules.
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Segmentation & Regional Insights
The distributed control systems market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Shipment Scale: Large, Medium, Small
3) By Application: Continuous Process, Batch-Oriented Process
4) By End-User: Oil And Gas, Chemicals, Power Generation, Pharmaceutical, Food And Beverage, Other End-Users
North America was the largest region in the distributed control systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the distributed control systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing use of renewable energy for power generation is expected to propel the growth of the distributed control systems market going forward. Renewable energy refers to the energy derived from natural sources that are replenished at a higher rate than they are consumed. Distributed control systems can help manage the integration of renewable energy sources into the power grid by dynamically adjusting power generation and distribution to match demand. For instance, in December 2023, according to the European Commission, a Belgium-based governing body, renewable energy represented 23.0% of energy consumed in the EU, up from 21.9% compared in 2021. Therefore, the growing use of renewable energy for power generation is driving the growth of the distributed control systems market.
Key Industry Players
Major companies operating in the distributed control systems market report are General Electric Company, Siemens AG, Hitachi Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Corporation, ABB Ltd., Toshiba Corporation, Larsen & Toubro Limited, Emerson Electric Co., Rockwell Automation, Inc., Omron Corporation, CHINT Electric Co. Ltd., Valmet Oyj, Yokogawa Electric Co., Weir Group plc, Azbil Corporation, Ingeteam, CG Power and Industrial Solutions, HollySys Group, Yaskawa Asia Pacific Pte. Ltd., Concept Systems Inc., ZAT a.s., Can-Technologies, Andritz AG, Hyosung Corporation
The distributed control systems market report table of contents includes:
1. Executive Summary
2. Distributed Control Systems Market Characteristics
3. Distributed Control Systems Market Trends And Strategies
4. Distributed Control Systems Market – Macro Economic Scenario
5. Global Distributed Control Systems Market Size and Growth
..
32. Global Distributed Control Systems Market Competitive Benchmarking
33. Global Distributed Control Systems Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Distributed Control Systems Market
35.Distributed Control Systems Market Future Outlook and Potential Analysis
36. Appendix
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