According to IMARC Group’s latest report, titled “Distributed Control System (DCS) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global distributed control systems (DCS) market exhibited moderate growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 5% during 2021-2026.
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A distributed control system (DCS) is an automated management solution that regulates various industrial processes. It consists of various local controllers for plant control that are connected to a high-speed communication network. It performs several functions, such as data acquisition, data presentation, process control, process supervision, and reporting information. DCS also minimizes the risks of component failure and enables timely upgradation of outdated technologies. Compared to the conventionally used centralized control systems, it can be used for large and complex industrial verticals, such as oil and gas, food and beverage, nuclear power, wastewater management, automotive, etc.
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The expanding oil and gas industry and increasing adoption of automated machinery are primarily driving the market for DCS. Moreover, the growing need for efficient optimization solutions in the energy generation sector is positively influencing the market growth. DCS allows the operators to individually access, control and monitor plant components, manage databases, and regulate logic and system security systems, thereby experiencing high demand on a global level. Additionally, the emergence of the Industrial Internet of Things (IIoT) solutions will continue to drive the global market for DCS in the coming years.
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List of Key Companies Covered in this Market Report:
- ABB Ltd. (SWX: ABBN)
- Azbil Corporation (TYO: 6845)
- Emerson Electric Co. (NYSE: EMR)
- Honeywell International Inc. (NYSE: HON)
- Mitsubishi Motors Corporation (TYO: 7211)
- Omron Corporation (TYO: 6645)
- Rockwell Automation Inc. (NYSE: ROK)
- Schneider Electric SE (EPA: SU)
- Siemens Aktiengesellschaft (ETR: SIE)
- Toshiba Corporation. (ETR: SIE)
The report has segmented the market on the basis of component, process, application and geography.
Breakup by Component:
Breakup by Process:
- Continuous Process
- Batch-oriented Process
Breakup by Application:
- Power Generation
- Oil and Gas
- Food and Beverage
- Mining and Metals
- Paper and Pulp
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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