April 24, 2024

Distributed Control Systems Market is Driven by Increased Automation in Process Industries

The distributed control systems market involves a variety of components that enable communication and sharing of data across an entire plant or facility. DCS comprise hardware components like programmable logic controllers and other input/output devices that enable real-time control and management of industrial processes. They replace the conventional central control room configurations and allow monitoring and control even from remote locations through Internet connectivity. Deployment of DCS helps improve production efficiency, flexibility and consistency of processes. They facilitate integration of control logic, monitoring of controls and processes, safety instrumented systems, advanced process control applications like loop tuning and more.

The Global Distributed Control Systems Market is estimated to be valued at US$ 35.24 Bn in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030. Key players operating in the distributed control systems market are ABB Group, Yokogawa Electric Company, Honeywell International Inc., Toshiba, Siemens AG, Azbil Corporation, Schneider Electric, Novatech LLC, Mitsubishi Electric, Omron Corporation, Rockwell Automation, METSO, and Emerson Electric Company.

Key Takeaways

Key players – Key players operating in the distributed control systems market are ABB Group, Yokogawa Electric Company, Honeywell International Inc., Toshiba, Siemens AG, Azbil Corporation, Schneider Electric, Novatech LLC, Mitsubishi Electric, Omron Corporation, Rockwell Automation, METSO, and Emerson Electric Company.

Growing demand – There is growing demand for DCS from industries like oil & gas, chemical, power generation and others due to need for optimal resource utilization and regulatory compliances.

Global expansion – Leading DCS providers are expanding their global footprint by strengthening local presence in high growth markets and through strategic partnerships with system integrators to tap new opportunities.

Market key trends

Increased automation of process industries with Industry 4.0 concepts is a major driver bolstering demand for DCS. Adoption of IoT enabled distributed control systems is making processes more efficient, flexible and responsive to changes. Standard communication protocols in DCS like PROFINET, PROFIBUS, FOUNDATION Fieldbus etc. are facilitating interoperability and integration of different control assets. Growing investments into digital transformation projects by process manufacturers focused on optimization of asset performance will further support market revenues over coming years. Connectivity of DCS with cloud platforms is augmenting possibilities of advanced analytics for gaining real-time process insights.

Porter’s Analysis
Threat of new entrants: High capital requirements limit access to industry; Bargaining power of buyers: Large customers able to negotiate better pricing; Bargaining power of suppliers: Presence of many component suppliers limits individual supplier power; Threat of new substitutes: Limited threat as DCS systems are specialized; Competitive rivalry: Intense competition among major players to gain market share.

Distributed Control Systems Market is currently dominated by North America in terms of value due to rapid industrialization and automation across various industries such as oil & gas, food processing, chemicals, pharmaceuticals and power generation. The Asia Pacific region is expected to be the fastest growing market for DCS due to rapid industrialization and increased focus on modernizing existing industrial facilities across China, India and Southeast Asian countries. Increasing government initiatives supporting manufacturing industries will further drive regional market growth.

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  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it