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Market Research Future
Insights
The Global Distributed
Control System Marketis estimated to be worth
USD 13.8 Billion by 2030, registering a 13.8% CAGR during the forecast period
(2023- 2030).
The distributed control system is a
customized system that includes separate controllers dedicated to each machine
or a particular group of machines. It is an automated system that controls
numerous process elements, distributed over an industrial plant.
The local controllers in various
sections of an industrial plant communicate with each other, and the overall
system, via a high-speed network.
These local controllers are
microprocessing units that obtain data and execute the control functions in a
distributed control system. Numerous communication protocols like Modbus,
Arc Net, HART, and Profibus are applied for communication establishment among
these controllers.
Increasing power requirements of end
users and growing awareness about emissions-free electricity will push for the
deployment of distributed management systems on the global market. Boosting oil
production and rearing energy demand will push the need for the deployment of
DCS at scales across the oil and gas and electricity sector, which is estimated
to boost the market in the forecast period.
Further, the massive demand for I/O and
the proliferation of digital networks in the process control system would
transform the market. Also, company development and an upsurge in revenue
generation are projected to enable growth in the globally distributed control
system market.
The Global Distributed Control System
Market report provides an integrated market evaluation. The report tenders to a
comprehensive analysis of key segments, trends, drivers, restraints,
competitive landscape, and factors that are playing a significant role in the
market.
Key Players
·
Emerson
(USA)
·
ABB
(Switzerland)
·
Schneider
Electric (France)
·
Rockwell
Automation (US)
·
Siemens
(Germany)
·
General
Electric (US)
·
Yokogawa
(Japan)
·
Honeywell
International Inc. (US)
·
Toshiba
(Japan)
·
Azbil
Corporation (Japan)
·
Hitachi
(Japan)
·
Metso
Corporation (Finland)
Regional Analysis
The Global Distributed Control System
Market is divided into five regions; North America, Asia Pacific, Europe, Latin
America, and the Middle East & Africa.
North America is a significant region
in the distributed control system market. The growth of the regional market can
be ascribed to the rapid growth of the oil & gas industry and the
increasing demand for power generation.
Asia Pacific represented the largest
distributed control systems market globally in 2021 and is projected to retain
its leading position throughout the forecast period of 2022–2020. The dominance
and expected growth in the region is largely due to massive investments made in
augmenting oil and gas production and refining capacities.
Europe is set to experience substantial
growth backed by the augmenting oil and gas production and exploration
activities in countries such as Italy, Spain, and Germany. Europe is estimated
to show healthy growth in the overall market according to a market study.
Market Segmentation
The Global Process
control systems Market Sizeis segmented into the
following types;
By Application
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