Distributed Control Systems Market to Grow at a CAGR of 5.4% to reach US$ 23,108.60 Million from 2020 to 2028

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Distributed Control Systems Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Hardware, Software, and Services) and Industry (Power Generation, Oil and Gas, Pharmaceutical, Food and Beverages, Chemicals, and Other Industries)

Publication Month: Jul 2021 | Report Code: TIPRE00006986 | No. of Pages: 177 | Category: Electronics and Semiconductor | Status: Published

The distributed control systems market is expected to grow from US$ 15,982.29 million in 2021 to US$ 23,108.60 million by 2028; it is estimated to grow at a CAGR of 5.4% during 2021–2028.

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.

Impact of COVID-19 Pandemic on Distributed Control Systems Market

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.

Lucrative Regions for Distributed Control Systems Providers

Lucrative Regions for Distributed Control Systems Providers

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Distributed control systems Market Insights

Rapid Industrialization and Enhanced Focus on Industrial Automation Fuels the Growth of Distributed Control Systems Market

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.

Component - Based Market Insights

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.

Distributed Control Systems Market, by component, 2020 and 2028 (%)

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Industry Vertical-Based Market Insights

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.

Strategic Insights

Report Coverage - Distributed Control Systems Market
Report CoverageDetails
Market Size Value inUS$ 15,982.29 Million in 2021
Market Size Value byUS$ 23,108.60 Million by 2028
Growth rateCAGR of 5.4% from 2021-2028
Forecast Period2021-2028
Base Year2021
No. of Pages177
No. of Tables74
No. of Charts & Figures61
Historical data availableYes
Segments coveredComponent and Industry
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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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:

  • In May 2021, GE Renewable Energy and Toshiba Energy Systems and Solutions Corporation have signed a strategic partnership agreement to localize critical phases of GE’s Haliade-X offshore wind turbine manufacturing process and support its commercialization in the country.
  • In April 2020, Yokogawa Electric Corporation completed the acquisition of all shares of Fluid Imaging Technologies, Inc. With Fluid Imaging Technologies as a member of the Yokogawa Group, Yokogawa will be able to expand the portfolio of cell observation solutions offered by its life innovation business.

The global distributed control systems market has been segmented as mentioned below:

By Component

  • Hardware
  • Software
  • Services

By Industry

  • Power Generation
  • Oil and Gas
  • Pharmaceutical
  • Food and Beverages
  • Chemicals
  • Other Industries

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Argentina
    • Rest of SAM

Company Profiles

  • ABB Ltd
  • Emerson Electric Co.
  • General Electric Company
  • Honeywell International Inc.
  • NovaTech, LLC
  • Rockwell Automation, Inc.
  • Schneider Electric SE
  • Siemens AG
  • Toshiba Corporation
  • Yokogawa Electric Corporation

Frequently Asked Questions

The global distributed control systems market was dominated by the software segment with market share of 48.5% in 2020. Software helps to analyses the overall the production unit through a single system.
The market opportunity lies in developing countries. Developing countries have become a hub of opportunity for various markets, including distributed control systems market. Thus, the emergence of smart cities and development of infrastructure across the globe are presenting significant potential for the future growth of the DCS market players.
The cost of manufacturing increases with the rise in price of raw materials, energy, and labor. However, the costs of these resources, as well as the cost volatility pattern, differs with countries. Although, the labor wages in certain countries are relatively lower, these countries are witnessing rise in labor costs. Also, an urge for high-quality production is anticipated to foster the demand for industrial automation globally. To meet quality guidelines, automation controls and remote monitoring systems are deployed in several manufacturing facilities as they reduce in human errors, which results in enhanced quality and speed. These factors are propelling the adoption of distributed control systems in various industries.
In 2020, Asia Pacific led the market with a substantial revenue share, followed by Europe and North America. Asia Pacific is a prospective market for distributed control systems manufacturers.
The major companies in distributed control systems includes ABB Ltd.; Emerson Electric Co.; Honeywell International Inc.; Siemens AG; and Yokogawa Electric Corporation.
The major industries in distributed control systems includes power generation, oil and gas, pharmaceutical, food and beverages and chemicals. The oil & gas segment led the distributed control systems market globally with a market share of 28.2% in the year 2020 and is expected to continue its dominance during the forecast period.

The List of Companies - Distributed Control Systems Market

  1. ABB Ltd
  2. Emerson Electric Co.
  3. General Electric Company
  4. Honeywell International Inc.
  5. NovaTech, LLC
  6. Rockwell Automation, Inc.
  7. Schneider Electric SE
  8. Siemens AG
  9. Toshiba Corporation
  10. Yokogawa Electric Corporation
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