Global Distributed Control Systems Market
The Global Distributed Control Systems Market was valued at USD 15.54 billion in 2016 and is projected to reach USD 23.88 billion by 2025, growing at a CAGR of 4.89% from 2017 to 2025.
A Distributed Control System (DCS) is a digital automated industrial control system that uses geographically distributed control loops throughout a factory, machine or control area. A DCS has several local controllers located throughout the area that are connected by a high speed communication network. Benefits of using DCS include - high availability, reduced engineering time, shorter start-ups, easily integration, minimal troubleshooting.
1. Market Drivers
1.1 Increasing industrial infrastructure in emerging markets
1.2 Emerging power sector and augmented power generation capacities
1.3 Rising use of renewable and nuclear energy for power generation
1.4 Growing adoption of IoT for real-time decision making
2. Market Restraints
2.1 Poor growth of the oil & gas industry
2.2 Availability of cost effective alternatives
The Global Distributed Control Systems Market is segmented on the application, component, and region.
1. By Application:
1.1 Batch-Oriented Process
1.2 Continuous Process
2. By Component:
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. Schneider Electric
3. General Electric
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Distributed Control Systems Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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