Global Distributed Control Systems Market is expected to reach $30.95 billion by 2027 growing at a CAGR of 7.0% during 2018 to 2027.
Some of the key players profiled in the Distributed Control Systems Market include Yokogawa Electric Co., Toshiba International, Siemens AG, Rockwell Automation, Mitsubishi Motors Corporation, Honeywell International Corporation, Emerson Electric Company, Azbil Corporation, and ABB Ltd.
Gaithersburg, Maryland, United States – November 30, 2019 /MarketersMedia/ —
Increasing demand in power and energy sectors and cost and time effectiveness are the major factors driving the market growth. However, sluggish industrial growth in developed economies is restraining market growth.
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A distributed control system (DCS) is a computerised control system for a process or plant usually with many control loops, in which autonomous controllers are distributed throughout the system, but there is no central operator supervisory control. This is in contrast to systems that use centralized controllers; either discrete controller located at a central control room or within a central computer. The DCS concept increases reliability and reduces installation costs by localising control functions near the process plant, with remote monitoring and supervision.
Based on the end-user, oil & gas segment is likely to have a huge demand due to factors such as the discovery of new oil & gas wells, refurbishment of old wells, and the need for enhanced safety and security standards in refineries.
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By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to its expanding manufacturing facilities and high-frequency deployment in the industrial market and increasing demand for power and growing industrial infrastructure.
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• Batch-Oriented Process
• Continuous Process
End Users Covered:
• Oil & Gas
• Power Generation
• Metals and Mining
• Paper and Pulp
• Food and Beverage
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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