Report : Distributed Control Systems Market to 2027 - Global Analysis and Forecasts by Component (Hardware, Software, Services); Industry Vertical (Power Generation, Oil and Gas, Pharmaceutical, Food and Beverages, Chemicals, Others)
Distributed Control System Market to 2027 by Component (Hardware, Software, and Service); Industry Vertical (Power Generation, Oil & Gas, Pharmaceutical, Food & Beverages, Chemicals, and Others)
The manufacturing industry has witnessed rapid growth in recent times owing to huge investments coming up from Governments. The 21st century is characterized by cut-throat competition in all the industry sectors. The manufacturers of various products face stiff competition with their competitors on account of costs, quality, service, and time-to-market. Also, manufacturers have faced monumental challenges concerning maintaining a perfect balance between the demand and supply of the product. Manufacturing industries thus tend to focus more towards their core competencies of manufacturing. With the increasing functionality of equipment such as industrial robots, it is anticipated that the non-automotive industries will further accelerate the adoption of industrial automation.
The prospective for further installations is remarkable in many of these countries, particularly in non-automotive industry, but also in automotive industries. This growth is attributed to the necessary modernization and transformation required in these markets. These statistics are promising for manufacturers as it signifies the huge scope for further increase in adoption. It is expected that the low penetration will propel considerable growth during the forecast period, as long as there is a considerable support from the government to the manufacturers. The distributed control system enables remote monitoring of the activities and ensures efficiency enhancement thereby inducing growth productivity in the manufacturing sector. The increasing automation integrations in the manufacturing industry would propel the demands for DCS integrations and drive the distributed control system market.
The major players operating in the distributed control system market include ABB Ltd., Emerson Electric Co., General Electric Company, Honeywell International Inc., NovaTech, LLC, Rockwell Automation, Schneider Electric SE, Siemens AG, Toshiba Corp, and Yokogawa Electric Corporation among others.
The report segments the global distributed control system market as follows:
Global Distributed Control System Market – By Component
Global Distributed Control System Market – By Industry Vertical
Global Distributed Control Systems Market, By Geography