The global Distributed Control System (DCS) market was expected to be USD 36.60 billion in 2015 and is anticipated to reach USD 50.77 billion by 2020, at a CAGR of 6.22% during the forecast period. The DCS came into existence due to the increased availability of microcomputers and rise in the use of microprocessors in process control. DCS is integrated as a control architecture containing a supervisory level of control overseeing multiple, integrated sub-systems, which are accountable for controlling the details of a localized process.
The major usage of DCS is to control industrial processes, such as electric power generation, oil and gas refineries, water and wastewater treatment, chemical, food & beverages, and automotive production. One of the major benefits of the DCS systems is that the digital communication between workstations, distributed controllers, and other computing elements follow peer-to-peer access principle. Various solutions, such as controlling & monitoring of production activities, intelligent command capabilities for enhanced and easy plant supervision and reduced human involvement are some of the major features making the adoption of DCS more attractive.
The rising interest in generating energy, based on renewable resources, and increased investment by organizations in infrastructure for catering to the competitive environment are acting as the major drivers for this market. The functionality of any system is improved by the remote access feature of DCS system, thus driving organizations for its adoption. The optimum utilization of man power, raw material and equipment can be achieved by adopting these solutions, thus reducing unnecessary costs. Emerging applications like batch management, asset management and efficient ways of power generation are providing great growth opportunities for this market. However, the investors are cautious due to the increasing cyber security concerns. This concern in cyber-attacks is restraining the market. Hence, solutions with the highest security and compliance features would be preferred.
In our study, the global DCS market is segmented by components, applications and geography. Regarding components, the market can be further segmented into hardware, software and solutions. The various applications can be sub-segmented into chemical, energy & power, healthcare, manufacturing, petrochemical, oil & gas and others. Oil & gas is expected to have a higher share, and the energy & power industry is expected to have the highest-growth rate due to rapid industrialization and growing interest in producing energy from renewable resources.
The geographical segmentation of the market includes Asia-Pacific, North America, Latin America, the Middle East & Africa and Europe. Due to the increasing manufacturing activities in the Middle East and Asia-Pacific, the market is estimated to grow at a good pace in these regions. China is estimated to have the biggest market size regarding the revenue generated, through the installation of the DCS systems. The Chinese market has a substantial pharmaceutical presence and posts scalable opportunities for the local players to transform into global players and is expected to drive the DCS market in APAC. Also, Europe is expected to generate high revenues, due to the high rate of investments in the production facilities from Germany and France, among others.
The key players in the DCS market are –
ABB Emerson Electric Honeywell International Siemens Yokogawa Electric General Electric Mitsubishi Heavy Industries Omron Rockwell Automation Schneider Electric Toshiba International Emerson Novatech Azbil Corporation Metso Key Deliverables of the Study
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. Market definition of the distribution control systems, along with identification of key drivers and restraints of the market. Market analysis for the global distribution control systems market, with region-specific assessments and competition analysis on a global and regional scale. Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale. Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share. Identification and analysis of the macro and micro factors that affect the global distribution control systems market on both global and regional scale.