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Distributed control systems (DCS) are gaining prominence in industrial automation trends by enabling remote monitoring and management. A distributed control system provides distributed control of a plant or industrial process, comprising control modules distributed throughout the process and communicating with each other, and central monitoring and control modules. They facilitate the monitoring and controlling of industrial processes that are geographically dispersed. They connect field instruments, controllers, and multiple stations to enable processes control and data acquisition across different locations. DCS are advantageous as they improve productivity, reduce downtime, ensure greater safety, and optimize processes with real-time control and data handling.
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 Takeaways
Key players operating in the distributed control systems 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. These players are focusing on developing advanced DCS with analytics, simulation, and integrated safety solutions to gain a competitive edge.
The growing demand from industries such as oil and gas, power generation, chemical, and mining is a major factor driving the growth of distributed control systems market. Industries are increasingly adopting DCS to maximize productivity, optimize processes, ensure safety, and reduce maintenance costs.
Geographical expansion into emerging markets of Asia Pacific, Middle East, and Latin America through partnerships and technology transfer is allowing key players to tap the rising opportunities. Countries like China, India, Brazil, Saudi Arabia, and South Africa offer huge growth potential with growing industrialization and infrastructure development.
Market Key Trends
One of the prominent trends in the distributed control systems market is the growing adoption of Ethernet-based DCS. Ethernet has emerged as the industrial networking infrastructure of choice with its reliability, flexibility, and IT familiarity. Ethernet-based DCS enhances systems integration, mobility, and real-time information exchange within plants. Integration of DCS with artificial intelligence and analytics is another trend, as it helps predictive maintenance and optimizes processes using big data handling capabilities. Rising emphasis on integrated safety systems by industries and regulatory authorities to ensure personnel and asset safety is making safety solutions an integral part of DCS architecture.
Porter’s Analysis
Threat of new entrants: High capital investment and technical knowledge required to enter the market pose significant barriers.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitute products however specialized requirements give advantage to existing players.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of component suppliers.
Threat of new substitutes: Low threat as distributed control systems provide integrated and efficient solutions for process automation in industries.
Competitive rivalry: Intense as major players compete based on product performance, features, pricing and services.
Geographical Regions
North America holds the largest share of the distributed control systems market in terms of value owing to growing process automation needs in industries such as oil & gas, pharmaceuticals, chemicals and electricity.
Asia Pacific region is expected to grow at the fastest pace during the forecast period led by increasing investments in industrial automation by emerging economies like China, India to modernize infrastructure and enhance productivity. Government initiatives for ‘Make in India’ and ‘Smart Cities’ also support the growth of distributed control systems market in the region.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
