Publication Month: Jul 2021 | Report Code: TIPRE00006986 | No. of Pages: 177 | Category: Electronics and Semiconductor | Status: Published
Distributed control systems (DCS) comprise controllers, sensors, and associated computers that are distributed across a different application area in an industrial set-up. All elements of the systems are intended to serve the purpose of process control, graphical display, data acquisition, and data storage. To improve control reliability and overall performance, DCS are developed with diagnostic and redundancy capabilities. They are primarily used to direct all complicated production processes in large manufacturing plants. To maintain acceptable performance in a dynamic era of technological revolution, control over sophisticated processes is required, and as a result, industrial automation systems need to be paired with modern automation control technologies. DCS are the most frequent options for automating processes in a controlled manner. With increased access to a broader range of processes to command, plant safety increases. DCS automates the production process by combining advanced control strategies and arranging everything into a single automation system with various subsystems that are all connected by a correct information flow and command structure. DCS find applications in the power generation, oil & gas, pharmaceuticals, food & beverages, and chemicals industries, among others.
The COVID-19 pandemic has shaken several industries across the world. The lockdown hindered the operations of various industries, including manufacturing and IT. However, essential industries such as fast-moving consumer goods (FMCG) and pharmaceutical had to continue their operations. Various big construction projects, including airport modification and expansion, were also halted due to the pandemic, specifically in countries such as the US and Canada. North America is known for the highest rate of adoption of advanced technologies due to favorable government policies to boost innovation and strengthen infrastructure capabilities. As a result, any factor affecting performance of industries in the region hinders its economic growth. Currently, the US is the world's worst-affected country due to the COVID-19 outbreak, which has led governments to impose several limitations on industrial, commercial, and public activities in the country, to control the spread of infection. The impact was not only from the demand side, but it was also from the supply side. Since manufacturing facilities in the north America region were not operational for months, supply chain and procurement of raw material were disrupted. Due to this, OEMs saw prominent challenge in keeping up with the quarterly revenue. Therefore, the financial year of 2020 for the distributed control systems manufacturers was more dreadful than the financial year of 2019.
The manufacturing sector in North America has witnessed rapid growth in recent times due to huge investments gathered from the governments of the US, Canada, and Mexico. The purchasing managers index (PMI) of the North American manufacturing reached 62.1 in June 2021. The robust PMI in the region indicates strong rebound in the manufacturing sector, significant progress in the emerging industrial sector in Mexico, and rising prices of commodities in different countries. The manufacturing industries are projected to adopt advanced technology to continue with their streak of expansion and productivity improvement. Moreover, based on cost, quality, service, and time-to-market, various product manufacturers are facing severe rivalry from their competitors. They are also facing significant hurdles in maintaining a perfect balance between product demand and supply. As a result, they tend to focus on their core capabilities. As the functionality of equipment such as industrial robots increases, non-automotive industries are projected to accelerate their usage of industrial automation. These figures are encouraging for manufacturers since they show that there is still a lot of room for adoption to grow. Low penetration is projected to accelerate significant growth during the forecast period, as long as the government provides significant support to the manufacturers. Distributed control systems enable remote monitoring of activities and ensure enhanced efficiencies with scaled up productivity in manufacturing plants. The increasing adoption of automation in the manufacturing sector is propelling the demand for integration of DCS, further driving the market growth.
Based on component, the distributed control systems market is bifurcated into hardware, software, and services. In 2020, the software segment accounted for a larger share in the market.
Based on industry vertical, the distributed control systems market is segmented into Power Generation, Oil and Gas, Pharmaceutical, Food and Beverages, Chemicals, and Other Industries. In 2020, the Oil and Gas segment accounted for the largest market share.
|Market Size Value in||US$ 15,982.29 Million in 2021|
|Market Size Value by||US$ 23,108.60 Million by 2028|
|Growth rate||CAGR of 5.4% from 2021-2028|
|No. of Pages||177|
|No. of Tables||74|
|No. of Charts & Figures||61|
|Historical data available||Yes|
|Segments covered||Component and Industry|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
The players operating in the distributed control systems market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
The List of Companies - Distributed Control Systems Market