Global Distributed Control Systems (DCS) Market: Appearance of Open Sources DCS Solutions Noticed by Variant Market Research

According to the latest report published by Variant Market Research, the global distributed control systems market size is estimated to reach $24 billion by 2024 from $17 billion in 2016; at a CAGR of 4.5% from 2016 to 2024.

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Increase in energy generation from renewable resources to drive the global distributed control systems (DCS) market

The global distributed control systems market trend includes increase in energy generation from renewable resources, appearance of open sources DCS solutions, and cost & time efficiency. However, sluggish industrial growth in developed economies may hamper the market growth. Furthermore, technological advancement & rapid industrialization would provide an opportunity for the players of the global distributed control systems market industry.

Market Segmentations

The global distributed control systems (DCS) market is classified into component, end user, and geography. Component segment includes DCS hardware, DCS software, and DCS services.   Distributed control systems applications includes oil & gas, chemical, power, pulp & paper, pharmaceutical, metal & mining, water & wastewater management, and other end users, which  are covered under the end user sub segment. North America (U.S., Mexico, and Canada), Europe (France, Germany, UK, and Rest of Europe), Asia-Pacific (Japan, China, India, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in the global distributed control systems (DCS) market.

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DCS software, by component, is estimated to dominated the global market in 2016

DCS software held for the highest market share in 2016, and expected to continue its dominance over the forecast period, 2016 – 2024, due to upcoming technologies coupled with improvement in existing software.

Oil & gas, by end user, is estimated to dominated the global market in 2016

Oil & gas held for the highest market share in 2016, and expected to continue its dominance over the forecast period, 2016 – 2024, due to high demand for innovative systems to monitor and control activities.

Asia-Pacific is estimated to dominated the global market in 2016

Asia-Pacific held for the highest market share of 34.1% in 2016, and expected to continue its dominance over the forecast period, 2016 – 2024, due to growing manufacturing industries in countries such as India and China. Europe (including countries such as Ireland) accounted for the second largest market share, due to technological advancements in the region.

Competitive Landscape

The key market players of the global distributed control systems (DCS) market are Yokogawa Electric Corporation, Honeywell International Inc., Emerson Electric Co., Siemens AG, NovaTech Process Solutions LLC, ABB Ltd., Schneider Electric SA, Rockwell Automation Inc., Emerson Electric Co., and  Metso Corporation, among others.

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Scope of Distributed Control Systems Market
Component Segments

• DCS hardware
• DCS software
• DCS services

End UserSegments

• Chemical
• Oil & Gas
• Water & Wastewater Management
• Power
• Metal and Mining
• Pharmaceutical
• Pulp & Paper
• Others

Geography Segments

• North America
• US
• Canada
• Mexico

• Europe
• UK
• France
• Germany
• Others

• Asia-Pacific
• China
• India
• Japan
• Others

• RoW
• South America
• Middle East
• Africa

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