PUBLISHER: The Business Research Company | PRODUCT CODE: 1458652
PUBLISHER: The Business Research Company | PRODUCT CODE: 1458652
A distributed control system (DCS) is a computerized control system used for processes or plants, featuring numerous control loops with autonomous controllers distributed throughout the system, as opposed to a centralized single unit. The primary purpose of a DCS is to provide automatic control for industrial processes across extensive control areas, offering a more efficient means of enhancing and maintaining control, process quality, and reliability within a facility.
The main components of distributed control systems include hardware, software, and services. DCS hardware encompasses the physical components responsible for controlling and monitoring industrial processes. The shipment scale includes large, medium, and small systems used for both continuous process and batch-oriented process applications across various industries such as oil and gas, chemicals, power generation, pharmaceuticals, food and beverage, and others.
The distributed control systems market research report is one of a series of new reports from The Business Research Company that provides distributed control systems market statistics, including distributed control systems industry global market size, regional shares, competitors with a distributed control systems market share, detailed distributed control systems market segments, market trends and opportunities, and any further data you may need to thrive in the distributed control systems industry. This distributed control system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The distributed control systems market size has grown strongly in recent years. It will grow from $19.14 billion in 2023 to $20.46 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth observed during the historic period can be attributed to various factors, including the increasing use of renewable energy for power generation, the growth of industrial infrastructure, a focus on operational efficiency and cost reduction, a thriving power industry, and the increased capabilities of power generation. Additionally, compliance with safety rules and regulations has played a role in shaping the expansion of distributed control systems (DCS) during this period.
The distributed control systems market size is expected to see steady growth in the next few years. It will grow to $25.56 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%. The anticipated growth in the forecast period can be attributed to factors such as the increase in power demand and the adoption of energy-efficient technologies, rising demand for 5G and Industrial Internet of Things (IIoT) technologies across various industries, growing industry automation, the ongoing trend of automation and digitization in the industrial sector, and a rise in energy demand across developing countries. Major trends expected in the forecast period include advancements in automation technology, the development of advanced distributed control system (DCS) solutions tailored for specific industries, and the adoption of cloud-based DCS for scalability and flexibility.
The surge in the utilization of renewable energy sources for power generation is anticipated to drive the expansion of the distributed control systems market. Renewable energy, derived from replenishable natural sources, is increasingly being integrated into power grids worldwide. Distributed control systems play a pivotal role in managing this integration by dynamically adjusting power generation and distribution to meet demand. For instance, data from the European Commission in December 2023 highlights that renewable energy accounted for 23.0% of energy consumption in the EU, indicating a notable increase from 21.9% in 2021. This shift towards renewable energy adoption underscores the significance of distributed control systems in optimizing power grid operations.
Leading firms within the distributed control system market are focusing on the development of innovative products to cater to the needs of the power generation and water industries. One such example is Symphony Plus, a sophisticated distributed control system engineered to enhance plant efficiency and reliability through automation, integration, and optimization. For instance, in February 2023, ABB Ltd. introduced its latest offering, the ABB Ability Symphony Plus distributed control system, aimed at accelerating digital transformation in process automation. This advanced system grants users access to digital solutions such as fleet asset management facilitated by ABB Ability Genix Asset Performance Management. Moreover, it enables seamless access to process and alarm data through mobile devices via the ABB Mobile Operations application, empowering users to stay informed, react promptly, minimize downtime, and reduce operational costs.
In January 2021, Schneider Electric SE, a renowned France-based company specializing in digital automation and energy management, completed the acquisition of DC Systems for an undisclosed sum. This strategic move is geared towards driving innovations in electrical distribution, bolstering Schneider Electric's capabilities in industrial automation, and strengthening its position in the Distributed Control Systems (DCS) market. DC Systems, a start-up based in the Netherlands, specializes in active AC/DC microgrids, DC power conversion, and offers a comprehensive range of DC solutions. The acquisition of DC Systems enhances Schneider Electric's portfolio and reinforces its commitment to advancing sustainable energy solutions.
Major companies operating in the distributed control systems market report are General Electric Company, Siemens AG, Hitachi Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Corporation, ABB Ltd., Toshiba Corporation, Larsen & Toubro Limited, Emerson Electric Co., Rockwell Automation, Inc., Omron Corporation, CHINT Electric Co. Ltd., Valmet Oyj, Yokogawa Electric Co., Weir Group plc, Azbil Corporation, Ingeteam, CG Power and Industrial Solutions, HollySys Group, Yaskawa Asia Pacific Pte. Ltd., Concept Systems Inc., ZAT a.s., Can-Technologies, Andritz AG, Hyosung Corporation
North America was the largest region in the distributed control systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the distributed control systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the distributed control systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The distributed control system market includes revenues earned by entities by providing services such as maintenance, installation, upgrades, plant asset management, alarm management, lifecycle services, migration services, and consulting services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The distributed control system market also includes sales of grid stability, advanced control devices, and cybersecurity systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Distributed Control Systems Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on distributed control systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for distributed control systems? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The distributed control systems market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.