Distributed Control System Market to Expand at a CAGR of 5.8% Over 2021-2026

latest report,”Distributed Control System Market by Freight Scale (Large, Medium, Small), by Component (Hardware, Software, Services), Application (Continuous Process, Batch Driven Process), End-Use Industry, and Region – Global Forecast to 2026

The Distributed Control System market size will grow to US$23.2 billion by 2026 (the forecast year) from US$17.5 billion in 2021 (the estimated year), at a CAGR of 5.8% during the forecast period.

A distributed control system (DCS) is a distributed control system (DCS) used to handle processes and plants to provide better control, safety, efficiency and product quality in plants. Distributed control systems find applications in industries such as oil and gas, power generation, paper and pulp, food and beverage, pharmaceutical and chemical to primarily control manufacturing through two processes: batch-oriented and continuous. Batch oriented process is used when production is carried out in subsequent batches, while continuous process is used for the type of production where production flow does not involve any interruption. Distributed control systems localize control functions near the processing plant. Which helps to reduce monitor/screen requirements, as process variables can be monitored remotely and decision can be made accordingly.

Major market players:

The leading companies in the DCS market include ABB (Switzerland), Schneider Electric (France), Emerson (US), Siemens (Germany) and Honeywell (US).

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Distributed Control System Market

The software sector is expected to dominate distribution control system The market, by component, during the forecast period.

The software segment accounted for the largest share with 45.1% of the distributed control systems market in 2020. The software segment includes IT applications such as advanced process control systems, controller integration with DCS, technology libraries, remote control software, communication solutions, and computer control. Parameters, Material Management Systems, Process Improvement, Process Safety Solutions, Advanced Software, and Virtualization Solutions. Provides a common platform for devices to connect and operate. Upgrades to existing software, increased use of distributed control systems in cloud computing technologies, and upcoming technologies such as the Internet of Things are the major drivers of the software segment in the DCS market. Software solutions are cost-effective and easily replaceable and upgradeable.

The continuous operation portion is expected to dominate the DCS market, by application, during the forecast period.

The continuing operations segment captured the largest share with 66.4% in 2020. The continuing operation segment, as per application, is expected to hold the highest market share during the forecast period. Continuous process is a method in which the manufacturing process is carried out without any interruption and is generally preferred when large quantities are produced. It is the fastest growing application in the distributed control system market. The continuous production process is used in the oil, gas, chemical, power generation, water treatment and sewage industries and is one of the most efficient and profitable production methods. The use of distributed control systems in the nuclear and renewable sectors of the power generation industry and in the upstream and downstream activities of the oil and gas industry are key factors driving the continuous process sector. The increasing production of chemicals and the increasing demand for distribution control systems in the refining industry are also contributing to the growth of this segment.

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The oil and gas sector is expected to dominate distribution control system The market, by end-use industry, during the forecast period.

The Oil and Gas segment captured the largest market share with 25.9% in 2020. Oil and Gas is one of the largest industries in terms of revenue generation for the DCS market and is categorized into 3 main segments – Upstream, Refining and Downstream. The upstream sector includes the extraction, development and production of crude oil and natural gas, the midstream sector includes the transportation and storage of crude oil and refined petroleum products, and the downstream sector consists of companies engaged in refining crude oil, producing petroleum products and selling these products through wholesale and retail channels. The processes that take place in this industry are very complex, lengthy and critical. Distributed control systems are widely applied in all sectors of the oil and gas industry, as these systems ensure safety, reliability and profitability in oil and gas operations.

It is expected to lead the Asia Pacific region DCS market

The Asia Pacific region captured 32.3% share of the distributed control systems market in 2020. The countries covered in the region are China, Japan, South Korea, India and the rest of Asia Pacific. The market is expected to grow due to the booming energy sector and increasing power generation capacities around the world, growing industrial infrastructure, and increasing use of renewable and nuclear energy for power generation.

The DCS market is expected to grow in countries such as China and India due to infrastructure expansions, ongoing power generation projects, and technological innovations. the Distributed Control System Market In this region it is expected to grow due to rapid regional industrialization, urbanization, and economic growth, leading to the installation of new distributed

China is one of the largest and fastest growing markets for distributed control systems in the world. The government constantly supports clean energy projects and focuses on reducing carbon emissions, which will lead to a strong growth rate of the energy industry in the future. Rapid economic growth would increase the demand for energy. Which may require larger investments in the infrastructure of the power plant to meet the demand. Hence, investment in such areas would boost the demand for distributed control systems. Automation is increasing in the Asia Pacific region due to the increasing need for high quality products and increased production rates. It also helps reduce labor costs and human intervention.

The region is the largest consumer of energy globally, with China and India driving growth in energy generation and consumption. The distributed control system market has huge potential in the Asia Pacific region, mainly due to the rapid economic growth in China.

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