Distributed Control Systems Market by Industry (Oil & Gas, Chemicals, Power Generation, Metals and Mining, Pharmaceutical, Paper and Pulp, Food and Beverage), Component (Hardware, Software, Services), Application, and Region - Global Forecast to 2022
“The DCS market is projected to grow at a CAGR of 4.97%, from 2017 to 2022.”
The DCS market is projected to reach USD 20.33 billion by 2022, growing at a CAGR of 4.97%, from 2017 to 2022. The booming power sector and augmented power generation capacities worldwide, along with the increased use of renewable and nuclear energy for power generation, are expected to drive the DCS market. The adoption of the Industrial Internet of Things (IIoT) for real-time decision provides an opportunity for the DCS market.
“The services segment is expected to grow at the highest CAGR from 2017 to 2022.”
The services segment of the DCS market, by architecture, is estimated to be the fastest growing market from 2017 to 2022. The services segment includes maintenance, installation, upgradation services, plant asset management, alarm management, lifecycle services, migration services, consulting services, simulation and training services, and technical assistance. Plant optimization is one of the key factors driving the services segment of the DCS market during the forecast period.
“Asia Pacific: The largest market for DCS.”
Asia Pacific is the largest market for DCS, followed by North America and the Middle East. Rising investments in the power generation sector and industrial infrastructure will drive the DCS market in the region. China is estimated to be the fastest growing market in Asia Pacific, followed by the markets in India and Japan, during the forecast period.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 55%, Tier 2- 25%, Tier 3- 20%
By Designation: C-Level- 35%, D-Level- 30%, Others- 35%
By Region: North America- 15%, Europe- 20%, Asia Pacific- 25%, Middle East- 25%, South America- 10%, Africa- 5%
Note: The tier for company has been defined on the basis of their total revenue, as of 2016: Tier I=>USD 5 billion, Tier II=from USD 1 billion to USD 5 billion, and Tier III=<USD 1 billion
The leading players in the DCS market include ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Emerson (US), and Honeywell (US).
The report provides a picture of the DCS market across industries and regions. It aims at estimating the market size and future growth potential of the market across different segments, such as component, application, end-use industry, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
Why buy this report?
1. The report identifies and addresses key markets for the implementation of DCS in the oil & gas industry, which would help manufacturers review the growth in demand.
2. The report helps solution providers understand the pulse of the market and provides insights into drivers, restraints, and challenges.
3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
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