Market Research Future published a Half Cooked Research Report on “Global Distributed Control Systems Market Research Report – Forecast to 2023”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023
Siemens AG (Germany), ABB Ltd. (Switzerland), Honeywell International Inc. (U.S), Emerson Electric Co. (U.S.), Schneider Electric (United Kingdom) and Yokogawa Electric Corporation (Japan). among others. are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global distributed control systems market.
Distributed Control Systems Market – Overview:
Distributed Control System is a platform used in manufacturing industries to control and manage the process. The DCS system has the networking capabilities which are useful in the process management. The inputs and outputs can be analog signal or discrete signal. As per the study conducted by Market Research Future, the global market for distributed control systems is likely to grow at the CAGR of around 5%.
The innovative emerging process industries are merely operated by advanced automation technologies such as distributed control systems. These systems are used as an extension of traditional controllers across diversified range of industries. The prominent concept of distributed control systems application is derived by the idea of decentralizing the control unit and establishing a common network between the engineering stations. In addition, integrating distributed control systems with process plants enables it to control, report, and monitor the components individually, while providing flexibility and simplicity to the plant operation. Distributed control systems uses a set of configuration tools to manage the database, graphics, control logic, and system security. Moreover, it supports modification, upgrade, and integration to the existing architecture of any industry.
So far, the hardware, software, and services are the prominent components types of distributed control systems. Distributed control systems operations are performed in industrial plants by synchronizing all the devices with each other. Hardware components includes controller, I/O interfaces, power supply, server, remote workstations, and relays etc. the entire distributed control systems architecture consist of heterogeneous devices such as valves, actuators, motors, and control elements. Software interface provides a common platform for all the devices to communicate and perform their actions. The customized architecture of distributed control systems always require an expert supervision in case of any modification. The real time operation of distribution control system faces obstructions that has to be addressed by the expert professionals along with the scope of enhancement.
Geographically, the global distributed control systems market has been divided into North America, Europe, Asia Pacific and Rest of the World. Due to the increasing manufacturing activities in the Middle East and Asia-Pacific, the market is estimated to grow at a good pace in these regions. China is estimated to have the biggest market size regarding the revenue generated, through the installation of the DCS systems. The Chinese market has a substantial pharmaceutical presence and posts scalable opportunities for the local players to transform into global players and is expected to drive the DCS market in APAC. Also, Europe is expected to generate high revenues, due to the high rate of investments in the production facilities from Germany and France, among others.
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In November, 2017 – ABB and Hewlett Packard Enterprise (HPE) announced a strategic global partnership that combines ABB’s industry-leading digital offerings, ABB Ability, with HPE’s innovative hybrid information technology (IT) solutions. The partnership will provide customers with solutions that generate actionable insights from vast amounts of industrial data to increase the efficiency and flexibility of their operations and create competitive advantage.
In September, 2017 – ABB Strengthens Electrification Position with GE Industrial Solutions. GE Industrial Solutions will be integrated into ABB’s Electrification Products (EP) division, which will have an initial dampening effect on EP’s profit margins.
In September, 2017 – Emerson Launches Industry-first Controller Designed for Automation Versatility and IIoT-enabled Operations. The next-gen controller provides scalable automation control to all process industries, particularly parts of the life sciences, oil and gas, petrochemical, and discrete manufacturing industries that have relied on complex, non-integrated programmable logic controllers (PLCs) with limited operational capabilities.
Distributed Control Systems Global Market – Segmentation:
The scope of global distributed control systems market is segmented into three major segments which are explained below:
- Oil & Gas
- Power Generation
- Metals & Mining
- Paper & Pulp
- Food & Beverages
- Continuous Process
- Batch Process
Distributed Control Systems Global Market – Competitive Analysis:
The global market for distributed control systems is one of the most technological advance market. The global distributed control systems landscape has many vendors and competition is very intense. Vendors compete on the basis of custom services, solutions and price. Established vendors are expanding operations by setting up new units in emerging markets and extending their sales networks. Mergers and acquisitions between large vendors are also part of the landscape.
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