Distributed Control System Market Size & Share, by Component (Hardware, Software, Services); End-user (Power Generation, Oil & Gas, Chemicals, Refining, Healthcare, Paper, Pulp) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4802
  • Published Date: Sep 04, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Distributed Control System Market size is anticipated to register USD 290 billion by the end of 2035, witnessing around 6% CAGR during the forecast period i.e., 2023 – 2035. In the year 2022, the industry size of distributed control system was USD 22 billion. The market growth is mainly owing to the growing acceptance of loT technologies with the integration of distributed control system. The number of connected loT devices worldwide is projected to reach nearly 76 billion by 2025.

Factors such as rising demand for electricity grid management and escalating need for loT in water distribution and generation are further projected to expand the globally distributed control system market size over the predicted time period.


Distributed Control System Market  size
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Distributed Control System Market: Growth Driver and Challenges

Growth Drivers

  • Increasing Demand from the Power Generation Industry - The electricity generation industry is expected to represent the largest share of the DCS market. The demand for electricity has significantly increased worldwide. Based on the International Energy Agency (IEA), global electricity demand is expected to grow by 4% in 2021 and add 3.5% in year 2022.
  • Increasing Research Spending - Global market growth during the studied period can also be attributed to increased investment in research and development to continuously find more viable solutions for distributed control systems. Research reports show global R&D real spending has more than tripled since 2000, increasing from about USD 680 billion to more than USD 2.5 trillion in 2019.
  • Increased Use in Development Smart Cities- The increasing development of smart cities across the globe is leading to more automation and use of advanced technologies which further is boosting the expansion of distributed control systems.

Challenges

  • High Requirement for Associated Least-Cost Technology and Investment – Least-cost technology means the technology, or mix of technologies that would be chosen in the end as the most economically efficient choice. This is one of the major factors predicted to slow down the market growth.
  • Lack of Awareness
  • Scarcity of Requisite Technically Skilled Labor

Distributed Control System Market: Key Insights

Base Year

2022

Forecast Year

2023 - 2035

CAGR

~6%

Base Year Market Size

~USD 22 billion

Forecast Year Market Size

~USD 290 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Distributed Control System Segmentation

Component (Hardware, Software, Services)

The software segment in the distributed control system market is anticipated to hold a revenue share of 35% during the time period between 2023 – 2035. The growth of the software component segment can be attributed to several factors, including the increasing complexity of software applications, the need for faster time-to-market, and the growing trend toward modular software development. By leveraging pre-built software components, developers can significantly reduce the time and resources required to build new software applications, while also improving overall quality and performance.

End User (Power Generation, Oil & Gas, Chemicals, Refining, Healthcare, Paper, Pulp)

In terms of end users, the healthcare segment is set to hold the largest share of the global distributed control system market during the forecast timeframe. The growth of the segment can be accredited to the presence of a large number of patients in the healthcare industry, which is expanding notably. The hospitals are also growing rapidly in number. For instance, by the year 2022, it was noted that there were approximately 6,100 hospitals in the United States. Hospitals provide a wide range of medical care. Physicians, called hospital doctors, typically specialize in internal medicine, pediatrics, or general practice. They have the knowledge to solve common problems and the resources to solve more complex medical problems. Hospitals may also offer specialized care, such as neurology, obstetrics and gynecology, and oncology.

Our in-depth analysis of the global distributed control system market includes the following segments:

 

           Component

  • Hardware
  • Software
  • Services

 

 

 

         End User

  • Power Generation
  • Oil & Gas
  • Chemicals
  • Refining
  • Healthcare
  • Paper
  • Pulp

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Distributed Control System Landscape: Regional Scope

North America Market Forecasts

The distributed control system market in the North America is estimated to observe the highest growth rate of 35% during the projected timeframe. The regional growth can be attributed to the increasing government initiatives to improve communication technology, which is expected to fuel the growth of the market in the region in the coming years. Moreover, the North American market is expected to account for the largest share during the forecast period owing to heavy R&D investments in new optical satellite communication technologies and the strong presence of market players in the region. According to data released by the Census Bureau as part of the 2018 Annual Survey of Manufacturing, more than 30% of workers in the North American region require technical assistance for a variety of purposes, including transportation equipment, primary metals, plastics, rubber products, and used robots.

APAC Market Statistics

The distributed control system market in the Asia Pacific is set to grow substantially during the projected period. The growth of the market in this region can primarily be attributed to the increasing number of digital satellite broadcasting and internet services in the region. The market is expected to grow in China due to increasing support for clean energy projects and a high focus on reducing carbon emissions that will boost the renewable energy sector. This will give rise to power demand that will further expand the funds for power plant infrastructure in the region.

Research Nester
Distributed Control System Market
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Companies Dominating the Distributed Control System Landscape

top-features-companies
    • ABB Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Honeywell International Inc.
    • Siemens AG
    • Schneider Electric
    • Rockwell Automation, Inc
    • NovaTech Process Solutions LLC
    • Emerson Electric Co.
    • Automation Technologies Ltd.
    • Concept Systems Inc.

In the News

  • ABB has announced that it has received a new order from DS Smith to realize its vision of highly automated, connected, and safe operations at its plant in Kemsley, UK. The Kent mill is the second largest waste paper mill in Europe, with an annual production capacity exceeding 849,000 tons. ABB supports the development of the company with the ABB Ability System 800xA control system (DCS). Also, paper machine drives are upgraded via PM3, PM4, and PM6.
  • Emerson has announced the validation of the Dragos platform within the DeltaVTM control system, “DCS,” which provides organizations with significantly enhanced ICS/OT cybersecurity.

Author Credits:  Payel Roy, Dhruv Bhatia


  • Report ID: 4802
  • Published Date: Sep 04, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing use in smart city development and increasing acceptance of smart applications and IoT technologies are some of the major factors anticipated to drive the growth of the distributed control system market.

The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Honeywell International Inc., Siemens AG, Schneider Electric, Rockwell Automation, Inc., NovaTech Process Solutions LLC, Emerson Electric Co., and others.

The healthcare segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in North America is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Distributed Control System Market Report Scope
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