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Distributed Control System Market 2019 Global Share, Growth, Merger, Size, Competitive Landscape, Regional Analysis, And Industry Forecast To 2023

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Distributed Control System Market 2019 Global Industry Analysis To 2023, report on “Global Distributed Control System Industry” published by Market Research Future. Global Distributed Control System market set to rise at a CAGR of 5.30% by 2023.

— Distributed Control System Market 2019 Global Industry Analysis To 2023, report on “Global Distributed Control System Industry” published by Market Research Future. Global Distributed Control System Market Information by Component (Hardware, Software, Services), Application (Continuous, Batch-Oriented), End-Use (Oil & Gas, Power Generation, Chemicals, Pharmaceutical, Metal & mining), Region - Forecast till 2023.

Major Distributed Control System Companies covered in the market report include Emerson (USA), Siemens (Germany), General Electric (US), Yokogawa (Japan), Hitachi (Japan), Metso Corporation (Finland), ABB (Switzerland), Rockwell Automation (US), Toshiba (Japan), Schneider Electric (France), Azbil Corporation (Japan) and Honeywell International Inc. (US).

Free Sample “Distributed Control System Market Research Report – Global Forecast till 2023” report at: https://www.marketresearchfuture.com/sample_request/1698

Global Market Highlights:

Global Distributed Control System market has seen remarkable growth; expected to rise at a CAGR of 5.30%. Distribution control systems (DCS) plays an important role in manufacturing industries as they are used to control and manage the processes. In DCS, each process element group of machines are controlled by a dedicated controller.

Global distributed control system (DCS) market set to grow at 5.30% CAGR between 2018 and 2023 finds Market Research Future (MRFR) in its latest study. The global manufacturing sector in leaning towards solutions that ensure future sustainability and scalable. DCS is viewed as an important technology for the manufacturing sector. DCS is use for streamlining manufacturing operations. DCS comprise multiple set of controllers for various sections of a manufacturing facility. DCS usually needs a high-speed communication network for efficient functioning. Some of the special feature of DCS include data acquisition, process control, data presentation, reporting, process supervision and information collection. Increased efforts to modernise manufacturing is expected to support the market growth.

Increasing use of renewable energy sources would lead to enhancement of grid development projects, including DCS and microgrids technologies. As per International Renewable Energy Agency (IRENA), there would be USD 400 billion of annual investment in renewable energy sources by 2020. Similarly, as per IRENA report 2016, USD 11 billion was invested in renewable energy generation, across the GCC countries in 2016. Similarly, emerging markets such as India, China, and other South-East Asian countries are focusing on investing in renewable energy in order to meet the power demand. Also, renewable and nuclear power plant systems integrated with wind turbine generators, synchronous machines, battery-based energy storage system would drive the demand for DCS, which is used for managing and controlling the entire power plant system, effectively.

Segmentation:

The segmental analysis of the market has been conducted on the basis of application, component, and end-use.

Based on application, the market has been segmented into batch-oriented and continuous.

Oil & gas segment is estimated to dominate the market during the forecast period due to the increase in capacity addition of the refineries especially in North America and Asia-Pacific.

Based on components, the market is segmented as hardware, software, and services. Software component of DCS is configured with hardware and the architecture for receiving the information and using real-time information to enhance the agility and productivity of industries such as oil & gas, power generation, chemicals, and others.

Regional Analysis:

The regions covered in the report are North America, Europe, Asia Pacific (APAC), the Middle East, South America and Africa. APAC led by China currently accounts for the largest market share in terms of revenue. In 2017, the DCS market in China stood at a valuation of USD 1,523.5 Mn. China has emerged as a manufacturing hub of the world, with many foreign companies setting up manufacturing facilities in the country. Local policy makers have been very supportive to industrial growth. New frameworks have been introduced in the country to drive industrialization and urbanization.

The World Bank revealed that China’s manufacturing added value was USD 3.59 trillion in 2017, the highest in the wold. India has also entered the fray as it now represents one of the fastest growing economy in the world. A growing middle-class population and increased disposable income is expected to support the market growth in the country.

Moreover, government initiatives to drive domestic manufacturing is likely to create market opportunities in the years to come. Countries such as China and India are gaining traction as manufacturing hotspots owing to cost benefits and widespread availability of labour.  Such factors make APAC a highly attractive destination for market players.

Europe and North America are the two other important markets for DCS. In 2017, North America accounted for the second largest market in terms of revenue. Implementation of regulation that promote best practices of energy conservation in advanced countries in North America and Europe is partly driving the DCS adoption in these regions.

Table Of Contents

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3... Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

Continued…

List of Tables:

TABLE 1 MARKET SYNOPSIS 15

TABLE 2 LIST OF ASSUMPTIONS 23

TABLE 3 GLOBAL DISTRIBUTED CONTROL SYSTEM MARKET, BY COMPONENT, 2016–2023 (USD MILLION) 34

TABLE 4 GLOBAL DISTRIBUTED CONTROL SYSTEM MARKET, BY APPLICATION, 2016–2023 (USD MILLION) 37

TABLE 5 GLOBAL DISTRIBUTED CONTROL SYSTEM MARKET, BY END-USE, 2016–2023 (USD MILLION) 43

TABLE 6 NORTH AMERICA DISTRIBUTED CONTROL SYSTEM MARKET, BY REGION, 2016–2023 (USD MILLION) 47

TABLE 7 NORTH AMERICA DISTRIBUTED CONTROL SYSTEM MARKET, BY COMPONENT, 2016–2023 (USD MILLION) 47

Continued…

List of Figures:

FIGURE 1 GLOBAL DISTRIBUTED CONTROL SYSTEM MARKET: MARKET STRUCTURE 17

FIGURE 2 RESEARCH PROCESS OF MRFR 19

FIGURE 3 TOP-DOWN & BOTTOM-UP APPROACHES 22

FIGURE 4 GLOBAL ELECTRICITY DEMAND, (2016–2040) 25

FIGURE 5 PORTER’S FIVE FORCES MODEL: GLOBAL DISTRIBUTED CONTROL SYSTEM MARKET 28

FIGURE 6 SUPPLY CHAIN: GLOBAL DISTRIBUTED CONTROL SYSTEM MARKET 29

Continued…

Browse More Information On This Report at: https://www.marketresearchfuture.com/reports/global-distributed-control-system-market-1698

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Info:
Name: abhishek sawant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 528,, Amanora Chambers Magarpatta Road, Pune, India.,
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/global-distributed-control-system-market-1698

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