Distributed Control Systems Market 2019-2027| DCS Industry Analysis, Size and Forecast | Credence Research

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Global distributed control systems market is expected to grow at a 4.3% CAGR during the forecast period from 2019 to 2027. DCS Market size, share and forecast by Credence Research.

According to a new market research report published by Credence Research, “Distributed Control Systems (DCS) Market - Growth, Future Prospects, and Competitive Landscape, 2019 -2027”, the global distributed control systems market was valued at US$ 16.57 Bn in 2018 and is expected to grow at a 4.3% CAGR during the forecast period from 2019 to 2027.

Market Insight

The spending on industrial automation and consequently the demand for distributed control systems declined in the first half of this decade due to prevailing unstable economic conditions worldwide. However, with financial markets showing signs of recovery, the global distributed control systems market is expected to surge, although with slow & steady growth. The same trend is forecasted, at least during the first half of the forecast period. A resurgence in the industrial sector and consequent rise in the industrial automation spending is one of the major factors driving demand for DCS solutions and services worldwide. Imminent need for augmenting power generation capacity in view of ever-growing energy demand coupled with awareness with respect to limiting dependence on fossil fuels and achieving energy conservation will play an important role in shaping the futuristic demand for distributed control systems worldwide. Power & Energy sector is the major end-use segment in the global DCS market. Large power plants install distributed control systems to improve plant efficiency, reliability of control, and process quality. Heightened investments in power & energy sector and increasing use of renewable energy sources in view of limiting dependence on fossil fuels is paving the way for DCS solutions and services worldwide. For instance, the International Renewable Energy Agency (IRENA) expects over US$ 400 Bn investments in renewable energy sources worldwide by 2020, thereby supporting market growth.

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In terms of the offering, software accounted for the majority of market value share in 2018. Over the last few years, with technology integration driving disruption, the focus has shifted from hardware to software. Advancements in technology have led to distributed control systems becoming more secure, open, and interoperable, thereby allowing users to address the challenge of single vendor lock-in. On the other hand, the technological advancements leading to enhanced integration capabilities have complicated the connection between on-premise IT systems and the network infrastructure of distributed control systems. This, in turn, has increased demand for DCS services as end-users are compelled to rely on service providers to install the control systems securely and for the software update.

By Component (Hardware, Software, and Services),
By End-use Vertical (Oil & Gas, Power & Energy, Industrial Manufacturing, Pharmaceutical, Food & Beverage, Paper & Pulp, and Others (Utilities, etc.)),
By Application (Continuous Process and Batch-oriented Process),
By Geography (North America, Europe, Asia Pacific, and Rest of the World)

Some of the leading manufacturers profiled in the research study include
ABB Group
The Emerson Electric Co.
Metso Corporation
Honeywell International Inc.
Yokogawa Electric
Rockwell Automation, Inc.
General Electric
Invensys
Schneider Electric SE
Siemens AG among

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ToC:
1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
............

3. Global Distributed Control Systems (DCS) Market Analysis
3.1. Global Distributed Control Systems (DCS) Market Overview
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Challenges
3.3. Attractive Investment Proposition, By Geography, 2017
3.4. Market Positioning of Key Industry Participants
3.4.1. Major Strategies Adopted

4. Global Distributed Control Systems (DCS) Market Value, By Offering, 2017 – 2027 (US$ Bn)
4.1. Market Analysis
4.2. Hardware
4.3. Software
4.4. Services

5. Global Distributed Control Systems (DCS) Market Value, By End-use Vertical, 2017 – 2027 (US$ Bn)
5.1. Market Analysis
5.2. Oil & Gas
5.3. Power Generation
5.4. Industrial Manufacturing
5.5. Pharmaceutical
5.6. Paper and Pulp
5.7. Food & Beverage
5.8. Others (Utilities, Chemicals, etc.)

6. Global Distributed Control Systems (DCS) Market Value, By Application, 2017 – 2027 (US$ Bn)
6.1. Market Analysis
6.2. Batch-oriented Process
6.3. Continuous Process

7. North America Distributed Control Systems (DCS) Market Analysis, 2017 – 2027 (US$ Bn)
.............

8. Europe Distributed Control Systems (DCS) Market Analysis, 2017 – 2027 (US$ Bn)
..............

9. Asia Pacific Distributed Control Systems (DCS) Market Analysis, 2017 – 2027 (US$ Bn)
...............

10. Rest of World Distributed Control Systems (DCS) Market Analysis, 2017 – 2027 (US$ Bn)
................

11. Company Profiles
11.1. ABB Group
11.2. The Emerson Electric Co.
11.3. Metso Corporation
11.4. Honeywell International Inc.
11.5. Yokogawa Electric
11.6. Rockwell Automation, Inc.
11.7. General Electric
11.8. Invensys
11.9. Schneider Electric SE
11.10. Siemens AG
...............toc continued

List Of Figure:
FIG. 1 Global Distributed Control Systems (DCS): Market Segmentation
FIG. 2 Global Distributed Control Systems (DCS) Market: Research Methodology
FIG. 3 Top-Down and Bottom-Up Approach
FIG. 4 Global Distributed Control Systems (DCS) Market, By Offering, 2018 (US$ Bn)
FIG. 5 Global Market, By End-use Vertical, 2018 (US$ Bn)
FIG. 6 Global Market, By Application, 2018 (US$ Bn)
FIG. 7 Global Market, By Geography, 2017 (US$ Bn)
FIG. 8 Global Market Value and Growth, 2017 – 2027, (US$ Bn and % Y-o-Y)
FIG. 9 Market Positioning of Leading DCS Manufacturers/Vendors, 2018
FIG. 10 Global Distributed Control Systems (DCS) Market Value Contribution, By Offering, 2018 & 2027 (Value %)
FIG. 11 Global Hardware DCS Market Value and Growth, 2017 – 2027, (US$ Bn)
FIG. 12 Global Software DCS Market Value and Growth, 2017 – 2027, (US$ Bn)
FIG. 13 Global DCS Services Market Value and Growth, 2017 – 2027, (US$ Bn)
FIG. 14 Global Market Value Contribution, By End-use Vertical, 2018 & 2027 (Value %)
FIG. 15 Global Market Value for Oil & Gas Vertical, 2017 – 2027, (US$ Bn)
..............

Browse the full report at https://www.credenceresearch.com/report/distributed-control-systems-dcs-market

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