[Research Report] The distributed control system market size was valued at US$ 17.30 billion in 2022 and is expected to reach US$ 26.36 billion by 2030; it is estimated to record a CAGR of 5.4% from 2022 to 2030.

Analyst Perspective:

The report includes growth prospects owing to the current distributed control system market trends and their foreseeable impact during the forecast period. The market is being driven by the growing industrial automation. As the rising penetration of advanced technologies, such as machine learning (ML), the Internet of Things (IoT), and artificial intelligence (Al), has helped accelerate the growth of industrial automation, the demand for DCS is expected to increase during the forecast period. In addition, an increase in the demand for power and energy is also driving the distributed control system market.

The demand for cooling and heating applications in both industrial and residential sectors is driving the electricity demand worldwide, which, in turn, fuels the requirement for the installation of distributed control systems. Also, the increasing demand for the oil & gas industry is another factor boosting the growth of the distributed control system market. Furthermore, the market has massive opportunities in the construction of new manufacturing facilities and growing architectural development in DCS. The integration of new technologies is likely to fuel the distributed control system market growth in the future.

Distributed Control System Market Overview:

Distributed control systems (DCS) consist of controllers, sensors, and associated computers that are distributed across a range of applications in industrial processes. All elements, such as process control, graphical display, data acquisition, and data storage, are intended to work for an objective. DCS is designed with diagnostic and redundancy capabilities to enhance control, reliability, and overall performance. DCS is majorly installed at large manufacturing plants in the petrochemical industry and other large process control industries to direct all complex production processes. In a dynamic era of technological revolution, control over complicated processes is required to ensure decent performance, and therefore, industrial automation systems deal with advanced automation control technologies. DCS is the primary solution developed for process automation. Also, the design of DCS is equipped with a desired secured system, which is efficient in managing system functions to have better control over factory automation. DCS brings automation to the manufacturing process by combining advanced control strategies and arranging all things in the form of a system. Also, it is responsible for organizing a complete control structure as a single automation system that has different subsystems integrated through a proper information flow and command structure. DCS has varied applications in industrial fields, including power generation, oil & gas, pharmaceuticals, food & beverages, and chemicals.

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Distributed Control System Market: Strategic Insights

Distributed Control System Market

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  CAGR (2022 - 2030)

  5.4%
• Market Size 2022
  US$ 17.3 Billion
• Market Size 2030
  US$ 26.36 Billion

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• Honeywell International Inc
• General Electric Co
• ABB Ltd
• Yokogawa Electric Corp
• Toshiba Corp
• Siemens AG
• Emerson Electric Co
• NovaTech LLC
• Schneider Electric SE

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Component

• Hardware
• Software
• Services

Industry

• Oil & Gas
• Power Generation
• Chemicals
• Food & Beverages
• Pharmaceutical
• Others

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Distributed Control System Market Driver:

Growing Industrial Automation Worldwide Drives Distributed Control System Market Growth

The 21st century is characterized by extreme competition in all industrial sectors. The manufacturers of various products face intense competition with their competitors on account of quality, service, costs, and time-to-market. Also, manufacturers have faced huge challenges concerning maintaining a perfect balance between the demand and supply of the product. With the increasing functionality of equipment such as industrial robots, it is projected that non-automotive industries will accelerate the adoption of industrial automation. This growth is attributed to the modernization and transformation required in the distributed control system market.

The rising penetration of advanced technologies, such as machine learning (ML), the Internet of Things (IoT), and artificial intelligence (Al), has helped accelerate the growth of industrial automation. Furthermore, the increase in product development and strategic initiatives from key industrial control systems companies is boosting the demand for industrial automation. For instance, in October 2023, Rockwell Automation, Inc. and Microsoft Corp. announced an extension of their longstanding relationship to accelerate industrial automation design and development through generative artificial intelligence (AI). Similarly, in December 2023, Rockwell Automation, Inc. announced that it strengthened its collaboration with Michelin, the French multinational tire manufacturing company, focusing on digital innovation across Michelin's manufacturing processes. Further, the growing industrial automation, the Internet of Things (IoT), and the 5G technology are a few factors contributing to market growth. Moreover, the penetration of connected enterprises and the need for mass manufacturing of products due to the growing demand for real-time data analysis across the globe and the rising integration of advanced technologies across end-use industries to improve performance are promoting automation trends in manufacturing. In March 2023, Samsung announced that it would invest in setting up smart manufacturing capabilities at its mobile phone plant in Noida, India, to make production more competitive.

The distributed control system enables remote monitoring of activities and ensures efficiency enhancement, thereby inducing growth and productivity in the manufacturing sector. The increasing adoption of automation in the manufacturing industry propels the demand for DCS integration, driving the distributed control system market.

Report Segmentation and Scope:

The distributed control system market is segmented based on component and industry. Based on components, the market is segmented into hardware, software, and services. Based on industry, the market is segmented into power generation, oil & gas, pharmaceutical, food & beverages, chemicals, and others.

The geographic scope of the distributed control system market report focuses on North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

Distributed Control System Market Segmental Analysis:

Based on components, the market is segmented into hardware, software, and services. The software segment held the largest distributed control system market share in 2022. The services segment is anticipated to record the highest CAGR in the market during the forecast period. DCS software consists of embedded controller software and other software bundles sold with the system. DCS software includes human-machine interface (HMI), control, system management, product information management (PIM), and engineering and configuration software. Control software is embedded in controllers and performs basic control functions. Programming software helps configure and program various functions of the control system. DCS also consists of optional supervisory software for production management and advanced control functions. The DCS software component offers various advantages, such as easy computation and analysis, greater flexibility, and better control over the plant. The growing IT spending of the companies to improve the workflow and increase efficiency is the major factor influencing the demand for DCS software.

Distributed Control System Market Analysis: Regional

Asia Pacific (APAC) held the largest distributed control system market share in 2022. APAC is a technologically advancing region with tech-savvy countries, including China, India, Japan, South Korea, and Australia. These countries showcase an astonishing demand for advanced technologies. Owing to the constant growth in their economies, their governments and private organizations are investing significantly higher amounts in developing and procuring advanced systems. Energy & power, automotive, and pharmaceutical industries and food & beverages and chemicals & petrochemicals sectors are among the fastest-growing industries in the region.  The growing production in these sectors is leading to an increased demand for DCS, which is the key catalyzer for the distributed control system market.

Moreover, the demand for DCS is anticipated to rise during the forecast period owing to the fact that the countries are attracting significant amounts of Greenfield Investments. This enables various government-funded companies, private companies, and public-private collaborated companies to opt for advanced technologies. Further, countries in Southeast Asia are experiencing growth in the oil & gas industry as well as the power generation sector, which is playing a crucial role in the growth of the APAC distributed control system market.

Distributed Control System Market Report Scope

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Distributed Control System Market Key Player Analysis:

ABB Ltd, Emerson Electric Co, General Electric Co, Honeywell International Inc, NovaTech LLC, Rockwell Automation Inc, Schneider Electric SE, Siemens AG, Toshiba Corp, and Yokogawa Electric Corp are the key players profiled in the distributed control system market report.

Distributed Control System Market Recent Developments (As per the Company Press Release):

The distributed control system market forecast is estimated on the basis of various secondary and primary research findings such as key company publications, association data, and databases. Market players highly adopt inorganic and organic strategies.

• In February 2023, ABB announced the launch of the ABB Ability Symphony Plus distributed control system (DCS), which will further support digital transformation for power generation and water industries. With more than 40 years of experience in total plant automation, the latest version of Symphony Plus will further support customers' digital journey through a simplified and secure OPC UA1 connection to the Edge and Cloud without interfering with core control and automation functionalities.