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Distributed Control Systems Market Segmentation by Component (Hardware, Software, and Services); and by End Use Industry (Oil and Gas, Chemicals, Power Generation, Metals and Mining, Pharmaceutical, Paper and Pulp, and Food and Beverage) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Distributed Control Systems Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

·   September 2021- Schneider Electric announced to make revolutionary changes to its EcoStruxure Foxboro DCS input/output (I/O) subsystems by migrating 100 Series FBMs.

·   June 2021- ABB launched the latest version of its distributed control system 800xA 6.1.1, which enables decision makers to effectively future proof their plans.  

Global Distributed Control Systems Market Highlights 2022 – 2030

The global distributed control systems (DCS) market is estimated to garner a sizeable revenue and grow at a CAGR of ~4% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed largely to the rapidly booming power sector, and augmented power generation capabilities across the globe. According to the International Energy Agency, 1918.8 Mtoe of electricity was consumed worldwide in 2018, up from 1845.2 Mtoe of electricity consumption in the year 2017.

Along with these, the growing adoption of IoT and smart applications, coupled with increasing demand for multi-functional microelectronics with enhanced performance and reduced time delays, are also expected to significantly boost the market growth in the forthcoming years. Furthermore, escalating demand for renewable and nuclear energy to generate power, and surging industrial infrastructure in developing countries are projected to offer lucrative opportunities to the market in the near future.  

Global Distributed Control Systems Market

The market is segmented by end use industry into oil and gas, chemicals, power generation, metals and mining, pharmaceutical, paper and pulp, and food and beverage, out of which, the power generation segment is anticipated to hold the largest share in the global distributed control systems market. This can be accounted to the growing number of retrofit and modernization projects in Europe and North America. Additionally, on the basis of component, the services segment is predicted to occupy the largest share during the forecast period, which can be credited to the rapidly rising number of service providers and DCS projects, and increasing demand for plant optimization worldwide.

Major Macro-Economic Indicators Impacting the Market Growth

Electricity Consumption

In 2018, the world’s total energy supply was 14282 Mtoe, wherein the highest share in terms of source was captured by oil, accounting for 31.6%, followed by coal (26.9%), natural gas (22.8%), biofuels and waste (9.3%), nuclear (4.9%), hydro (2.5%), and other (2.0%). Where there was an increase in energy demand in 2018, the year 2019 witnessed slow growth as the energy efficiency improved owing to decline in the demand for cooling and heating. However, in 2020, the electricity demand decreased by 2.5% in the first quarter of 2020 due to the outbreak of Coronavirus resulting in government imposed shutdowns in order to limit the spread of the virus, which was further followed by shutdown of numerous business operations impacting their growth. This also resulted in decline of 5.8% in the worldwide CO2 emissions which was recorded to be five times larger than the one recorded during the global financial crisis in 2009. However, in 2021, the demand for oil, gas and coal is estimated to witness growth, which is further projected to create opportunities for market growth. Moreover, rising environment degradation and awareness related to climate change is motivating many key players to employ sustainable energy strategies and invest significantly in environment-friendly power generation technologies with an aim to promote sustainable development among various nations around the world. Such factors are anticipated to promote the growth of the market in upcoming years.

Global Distributed Control Systems Market Regional Synopsis

On the basis of geographical analysis, the global distributed control systems market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of the growing demand for power, and rising investments in the power generation sector. Moreover, the market in North America is expected to grab the largest share during the forecast period ascribing to the high demand and production of shale gas, and robust growth of manufacturing industry in the region. For instance, the production of shale gas and tight oil increased to almost 25 trillion cubic feet by 2020, up from around 1.5 trillion cubic feet in 2000. In addition, DCS are widely utilized in the region for managing nuclear power plants, which is also anticipated to drive the market growth there.

Distributed Control Systems Market

The global distributed control systems market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

Market Segmentation

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

By Component

  • Hardware
  • Software
  • Services

By End Use Industry

  • Oil and Gas
  • Chemicals
  • Power Generation
  • Metals and Mining
  • Pharmaceutical
  • Paper and Pulp
  • Food and Beverage

Growth Drivers

  • Rapidly Booming Power Sector Across the Globe
  • Growing Adoption of IoT and Smart Applications

Challenges

  • Availability of Low-Cost Alternatives

Top Featured Companies Dominating the Market

  • 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
  • Toshiba Corporation
  • General Electric Company
  • Emerson Electric Company
  • Yokogawa Electric Company
  • Schneider Electric SE
  • Rockwell Automation, Inc.
  • Larsen & Toubro Ltd

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