The rapid industrialization and enhanced focus on industrial automation and increasing demand for electricity are the major factors driving the growth of the distributed control systems market. Distributed control systems are majorly used as central control unit. Countries in various regions, such as Asia Pacific, Europe, North America, Middle East & Africa, and South America, are significantly investing in procuring the most advance and highly capable distributed control systems. Based on component the distributed control systems market is segmented into hardware, software, and services. The software segment held the maximum share in 2020. Similarly, 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.
ABB LTD.; SIEMENS AG; EMERSON ELECTRIC CO.; HONEYWELL INTERNATIONAL INC.; AND YOKOGAWA ELECTRIC CORPORATION – PROMINENT MARKET PARTICIPANTS IN DISTRIBUTED CONTROL SYSTEMS MARKET
The COVID-19 epidemic has wreaked havoc on the mechanical equipment supply chain and industry, including the hardware component of distributed control systems. The appearance of the COVID-19 virus throughout the world, followed by lockdown scenarios, has caused industry analysts to estimate that the mechanical equipment supply chain will be at least a quarter delayed. Tremors are likely to occur until mid-2021 as a result of this disturbance. After governments across the world gradually eliminate different containment measures in order to restore the economy, the mechanical equipment and electronic industry is expected to pick up speed. Manufacturing facilities and industries are expected to pick up steam starting in 2022, which will have a favourable impact on demand for controlling and monitoring systems, as well as hardware components of distributed control systems.
The top five companies in the market ABB Ltd.; Emerson Electric Co.; Honeywell International Inc.; Siemens AG; and Yokogawa Electric Corporation. The above listing of key players is derived by considering multiple factors such as overall revenue, current distributed control systems portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. A few of the important market initiatives and product developments from the industry are mentioned below:
| Year | Development | Country |
| 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. | Global |
| 2021 | GE Digital has joined the aviation Digital Alliance – an expanding partnership initiated by Airbus and Delta TechOps in 2019. These aviation leaders combine their respective industry expertise in digital analytics, aircraft systems, and airline and maintenance operations to provide cost savings, network efficiencies, and increased fleet availability to 140 commercial aviation operators worldwide. | Global |
| 2021 | Emerson has announced the signing of a multi-year agreement with PureCycle Technologies, Inc. to provide advanced digital technologies and automation for a network of global facilities enabling large-scale recycling of a common – but rarely recycled – plastic. | Global |
