Distributed Control Systems Market Size, Share and Forecast 2026
The global distributed control systems (DCS) market was worth USD XX billion in 2018 and is forecasted to reach USD XX billion by 2026, growing at a CAGR of XX% during the forecast period (2019-2026).
(EMAILWIRE.COM, September 05, 2019 ) Market Overview
• A distributed control system (DCS) is a digital automated industrial control system (ICS) that uses geographically distributed control loops throughout a factory, machine or control area. DCS has several local controllers located throughout the area that are connected by a high-speed communication network. DCS is commonly used in serval processes, including agriculture, chemical plants, nuclear power plants, food processing, and sewage treatment plants.
Market Dynamics
• The emergence of open source DCS solutions, growing global energy demand and increase in demand for oil and gas are the major factors supporting the growth of the global distributed control systems market.
• However, the market is restrained by factors such as cyber threats and data integration challenges. As the information is shared without human intervention, sensitive data is also shared creating greater risks. These factors might be responsible for impeding the growth of the global distributed control systems market in the future.
Market Segmentation
• The global distributed control systems (DCS) market is segmented by end user such as power sector, oil and gas, pharmaceuticals, food and beverages, and others. Of these, Oil and Gas dominate the market due to the increase in the number of refinery plants. Moreover, the global oil production as per the Global energy statistical yearbook in 2005 was about 88,721 thousand barrels per day and reached to 92,649 thousand barrels in 2017 with a 0.7% annual growth rate. Further, Advancement in digital technologies and control systems has improved efficiency and better monitoring in the oil & gas refining sector.
Geographical Analysis
Geographically, the global distributed control systems (DCS) market is segmented into
• North America,
• South America,
• Europe,
• Asia Pacific,
• Middle East
• Africa.
Competitive Trends
• Global distributed control systems (DCS) Market is fragmented with the presence of many local and international players. However, ABB Ltd., Emerson Electric Co., Siemens AG, and Honeywell are the prominent players in the global distributed control systems (DCS) market. ABB Ltd. is one of the major company in distributed control systems is enhancing the market through technical development and product launch. For instance, in November 2018, ABB Ltd. introduced its latest DCS Freelance for process industries at SPS IPC Drives.
• For instance, in July 2018, NovaTech introduced its distributed control system software, D/3 Version 16 (D3v16). D3v16 provides a PCM5 process controller with embedded Cyber Security, full system virtualization down to the controller level, and engineering enhancements. Owing to these factors, the oil and gas segment is anticipated to dominate the global distributed control systems market.
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About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
• A distributed control system (DCS) is a digital automated industrial control system (ICS) that uses geographically distributed control loops throughout a factory, machine or control area. DCS has several local controllers located throughout the area that are connected by a high-speed communication network. DCS is commonly used in serval processes, including agriculture, chemical plants, nuclear power plants, food processing, and sewage treatment plants.
Market Dynamics
• The emergence of open source DCS solutions, growing global energy demand and increase in demand for oil and gas are the major factors supporting the growth of the global distributed control systems market.
• However, the market is restrained by factors such as cyber threats and data integration challenges. As the information is shared without human intervention, sensitive data is also shared creating greater risks. These factors might be responsible for impeding the growth of the global distributed control systems market in the future.
Market Segmentation
• The global distributed control systems (DCS) market is segmented by end user such as power sector, oil and gas, pharmaceuticals, food and beverages, and others. Of these, Oil and Gas dominate the market due to the increase in the number of refinery plants. Moreover, the global oil production as per the Global energy statistical yearbook in 2005 was about 88,721 thousand barrels per day and reached to 92,649 thousand barrels in 2017 with a 0.7% annual growth rate. Further, Advancement in digital technologies and control systems has improved efficiency and better monitoring in the oil & gas refining sector.
Geographical Analysis
Geographically, the global distributed control systems (DCS) market is segmented into
• North America,
• South America,
• Europe,
• Asia Pacific,
• Middle East
• Africa.
Competitive Trends
• Global distributed control systems (DCS) Market is fragmented with the presence of many local and international players. However, ABB Ltd., Emerson Electric Co., Siemens AG, and Honeywell are the prominent players in the global distributed control systems (DCS) market. ABB Ltd. is one of the major company in distributed control systems is enhancing the market through technical development and product launch. For instance, in November 2018, ABB Ltd. introduced its latest DCS Freelance for process industries at SPS IPC Drives.
• For instance, in July 2018, NovaTech introduced its distributed control system software, D/3 Version 16 (D3v16). D3v16 provides a PCM5 process controller with embedded Cyber Security, full system virtualization down to the controller level, and engineering enhancements. Owing to these factors, the oil and gas segment is anticipated to dominate the global distributed control systems market.
View full sample: https://www.datamintelligence.com/research-report/distributed-control-systems-market
Download free sample : https://www.datamintelligence.com/download-sample/distributed-control-systems-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results