PUBLISHER: TechNavio | PRODUCT CODE: 1389077
PUBLISHER: TechNavio | PRODUCT CODE: 1389077
Global Distributed Control Systems (DCS) In The Oil And Gas Market 2024-2028
The distributed control systems (DCS) in the oil and gas market is forecasted to grow by USD 833.28 mn during 2023-2028, accelerating at a CAGR of 4.51% during the forecast period. The report on the distributed control systems (DCS) in the oil and gas market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
Market Scope | |
---|---|
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 3.95% |
CAGR | 4.51% |
Incremental Value | $833.28mn |
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in adoption of automation systems, increase in complexity of offshore field operations, and emergence of new refinery projects.
Technavio's distributed control systems (DCS) in the oil and gas market is segmented as below:
By Application
By Component
By Geographical Landscape
This study identifies the growing focus on data analytics in oil and gas industry as one of the prime reasons driving the distributed control systems (DCS) in the oil and gas market growth during the next few years. Also, virtualization of DCS and increase in lng trade will lead to sizable demand in the market.
The report on the distributed control systems (DCS) in the oil and gas market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading distributed control systems (DCS) in the oil and gas market vendors that include ABB Ltd., Azbil Corp., Emerson Electric Co., General Electric Co., Hitachi Ltd., Hollysys Automation Technologies Ltd., Honeywell International Inc., Hyosung Heavy Industries Corp., Ingeteam Corp. S.A., Mitsubishi Electric Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, SUPCON Technology Co. Ltd., Toshiba Corp., Valmet Corp., Yokogawa Electric Corp., and Zhejiang CHINT Electrics Co. Ltd.. Also, the distributed control systems (DCS) in the oil and gas market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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