Distributed Control System Market Forecast and Trends by 2030
The distributed control system market size is projected to reach US$ 26.36 billion by 2030 from US$ 17.30 billion in 2022. The market is expected to register a CAGR of 5.4% during 2022–2030. The integration of new technologies such as IoT, AI, cloud, and others is likely to remain a key trend in the market.
Distributed Control System Market Analysis
Rising adoption of industrial automation solutions among industries and the growing power & energy sector are driving the market. The market is anticipated to grow during the forecast period due to the construction of new manufacturing facilities. Moreover, partnerships and collaboration among market players for product development and architectural development in DCS are creating lucrative opportunities for the market.
Distributed Control System Market Overview
A distributed control system, or DCS, is a computerized system consisting of sensors, controllers, and associated computers that are distributed throughout a plant. Each of these pieces serves a specific function, such as data acquisition, process control, data storage, and graphical display. These various pieces communicate with a central computer via the plant's local area network (LAN), also known as a control network.
The DCS automates industrial equipment used in continuous and batch processes while reducing human and environmental risks. The systems are used in a variety of industries, including mining extraction, chemical manufacturing plants, transportation and processing, electric power production, water and wastewater treatment, and pharmaceutical processing facilities.
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Distributed Control System Market: Strategic Insights
Distributed Control System Market
-
CAGR (2022 - 2030)
5.4%
-
Market Size 2022
US$ 17.30 Billion
-
Market Size 2030
US$ 26.36 Billion
Market Dynamics
GROWTH DRIVERS
- Partnership and Collaboration Among Market Players for Product Development
FUTURE TRENDS
- The integration of new technologies such as IoT, AI, cloud, and others
OPPORTUNITIES
- Rising Adoption of Industrial Automation Solutions Among Industries
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
- Rockwell Automation Inc
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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Distributed Control System Market: Strategic Insights
-
CAGR (2022 - 2030)5.4% -
Market Size 2022
US$ 17.30 Billion -
Market Size 2030
US$ 26.36 Billion
Market Dynamics
- Partnership and Collaboration Among Market Players for Product Development
- The integration of new technologies such as IoT, AI, cloud, and others
- Rising Adoption of Industrial Automation Solutions Among Industries
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
- Rockwell Automation Inc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Hardware
- Software
- Services
- Oil & Gas
- Power Generation
- Chemicals
- Food & Beverages
- Pharmaceutical
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Distributed Control System Market Drivers and Opportunities
Rising Adoption of Industrial Automation Solutions Among Industries to Favor the Market
Industrial automation is widely defined as the use of hardware and components to automate systems in industrial or manufacturing environments. Companies are launching a variety of programs to encourage the adoption of industrial automation. For instance, in September 2023, Rockwell Automation collaborated with BIC to drive digital transformation and efficiency using the Plex manufacturing execution system (MES). Such initiatives by corporations will drive the growth of the distributed control system market. In addition, the oil and gas, petrochemical, and pharmaceutical industries are expanding rapidly. Technological advancements in these industrial verticals are also high due to the existence of technologically advanced companies, combined with increased government spending in R&D operations.
Partnership and Collaboration Among Market Players for Product Development
Many sectors around the world have expanded dramatically. There is an increasing number of automation firms that specialize in operating ICT sectors around the world. For example, in October 2023, Vention, the Quebec-based business that developed the only fully integrated manufacturing automation platform (MAP), announced a $15 million investment from the Fonds de solidarité FTQ. Vention's robust growth continues with the assistance of its partners as it pursues its objective to democratize industrial automation, enhancing manufacturing enterprises' productivity and competitiveness. In addition, companies' discoveries and improvements have increased the usage of advanced technology. For instance, in August 2023, ANYbotics increased its footprint in Canada by selecting MicroWatt Controls as a reseller partner. MicroWatt Controls, based in Calgary, has extended its inspection robot deployment in the country's oil and gas, chemical, energy, and mining sectors. The ongoing development of process industries is expected to generate demand for distributed control systems in the Canadian market.
Distributed Control System Market Report Segmentation Analysis
Key segments that contributed to the derivation of the distributed control system market analysis are component and industry.
- Based on components, the distributed control system market is divided into hardware, software, and services. The software segment held a larger market share in 2022.
- based on industry, the market is divided into oil & gas, power generation, chemicals, food & beverages, pharmaceuticals, and others. The oil & gas segment held a larger market share in 2022.
Distributed Control System Market Share Analysis by Geography
The geographic scope of the distributed control system market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The market in Europe is projected to expand during the forecast period due to the expanding automotive industry. Italian government supports the automotive industry heavily. For instance, in December 2023, according to the trade union, the Italian government had ~US$ 6.5 billion available to support its automotive industry. In addition, in July 2023, Fiat parent Stellantis and the Italian government agreed to aim to increase annual automotive production in Italy to one million units, reversing a downward trend seen in recent years. The growth in these industries positively impacted the industrial control systems. Thus, the demand for DCS is growing among the automotive sectors.
Distributed Control System Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 17.30 Billion |
Market Size by 2030 | US$ 26.36 Billion |
Global CAGR (2022 - 2030) | 5.4% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Component
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Distributed Control System Market News and Recent Developments
The distributed control system market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the distributed control system market are listed below:
- ABB unveiled the latest version of the ABB Ability Symphony Plus distributed control system DCS to assist digital transformation in the power generation and water industries. The most recent version of Symphony Plus will enhance clients' digital journeys by providing streamlined and secure OPC UA1 connectivity to the Edge and Cloud without interfering with key control and automation capabilities. (Source: ABB Ltd, Company Website, February 2023)
Distributed Control System Market Report Coverage and Deliverables
The “Distributed Control System Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
- Distributed control system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Distributed control system market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Distributed control system market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the distributed control system market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component and Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The key players holding majority shares in the global distributed control system market are Honeywell International Inc, General Electric Co, ABB Ltd, Yokogawa Electric Corp, Toshiba Corp, Siemens AG, Emerson Electric Co, NovaTech LLC, Schneider Electric SE, and Rockwell Automation Inc.
The global distributed control system market is expected to reach US$ 26.36 billion by 2030.
The global distributed control system market is estimated to register a CAGR of 5.4% during the forecast period 2022–2030.
The integration of new technologies such as IoT, AI, cloud, and others to play a significant role in the global distributed control system market in the coming years.
Asia Pacific dominated the distributed control system market in 2022.
Rising adoption of industrial automation solutions among industries are the major factors that propel the global distributed control system market.
The List of Companies- Distributed Control System Market
- Honeywell International Inc
- General Electric Co
- ABB Ltd
- Yokogawa Electric Corp
- Toshiba Corp
- Siemens AG
- Emerson Electric Co
- NovaTech LLC
- Schneider Electric SE
- Rockwell Automation Inc