Distributed control system market is estimated to show high growth potentials owing to the increasing energy demands and numerous technological advancements. Growing investments in the industry to improve operational efficiency and process quality will further drive the distributed control system market.
Global Distributed Control System Market size is forecast to witness a robust growth during the forecast timeframe. Growing energy demand coupled with rapid industrialization has led to surfacing of new superior technologies which are proving to be vital in meeting the high demands efficiently. Large power plants and major industries use DCS to improve reliability of control, plant efficiency and process quality. Distributed control system market finds its application in nuclear power plants, oil & gas industries, food processing units, automobile industries and water management systems.
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The rise in demand for energy-related sales and retrofits may deliver viable growth opportunities during the forecast period. Furthermore, the internet-based system provides easy integration and polishes the operational functionality through remote access. DCS has the capability of meting out significant bulk of I/O points along with having networking abilities useful in process management.
The DCS subsystem, can input varied process variables and data into the system thereby providing output in the form of control signals to various valves, motors, actuators and other control essentials. Distributed control system market helps in reducing installation costs by condensing control functions near the plant and enables monitoring and managerial access of the process remotely.
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A DCS centralizes the operations giving more simplicity and easier management through the integration of the various processes and functionalities. By allowing central control, the system greatly reduces the possibility of component failure as the system facilitates a secure, powerful architecture that also negates obsolescence by enabling system upgradation to rapidly adjust to the advancing computer technologies. Superiority over PLC and easy monitoring of the plant processes are factors driving the distributed control system market during the forecast timeframe.
By end-use, the distributed control system market finds its application in oil & gas, pharmaceuticals, metal and mining, power, chemical, waste and water treatment, pulp and paper, automobile industry and others. High flexibility of operations and the ability of a DCS system to operate at base level greatly complements its use among the various industries. Increasing energy demands will however witness extensive use of distributed control system market in power and O&G industries.
By region, the distributed control system market can be segmented into North America, Europe, Asia-Pacific, Middle-East & Africa and Latin America. Rapid industrialization coupled with the presence of major players in the U.S. will assist the growth of distributed control system market.
Notable participants in the distributed control system market are ABB, Azbil, Honeywell, Siemens AG, Yokogawa Electric, Emerson Electric, Schneider Electric SE, General Electric, Metso Corporation, NovaTech Process Solutions, Invensys, Mitsubishi, Omron, Rockwell Automation and Toshiba International.