'Distributed Control Systems (DCS) Market by Component Type (Hardware, Software and Services), Industry Verticals (Chemical, Oil & Gas, Pharmaceutical, Food & Berverage & Power Generation) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022'
The emerging process industries are merely operated by advanced automation technologies such as distributed control systems (DCS). These systems are used as an extension of traditional controllers across the diversified range of industries. The main concept of DCS application is derived by the idea of decentralizing the control unit and establishing a common network between the engineering stations. In addition, integrating DCS with process plants enables it to control, report, and monitor the components individually, while providing flexibility and simplicity to the plant operations. DCS uses a set of configuration tools to manage the database, graphics, control logic, and system security. Moreover, it supports modification, upgrade, and integration to the existing architecture of any industry.
A DCS platform is configured with the application that neglects the complete plant breakdown, improves process quality, creates high reserves, and reduces time and cost of the operations. It also has the ability to integrate system security models with advanced alarm capabilities, cybersecurity, multiple simulation solutions, and system-wide diagnostics.
The DCS market is driven by factors such as spontaneous response, reduced disruptions to production, and increased efficiency across the process industries; however, slowdown of mining industry is expected to restrict the market growth to some extent.
The DCS market is segmented by component type, industry vertical, and geography. The various components are segmented into hardware, software, and services. On the basis of industry verticals, the market is categorized into chemical, oil & gas, pharmaceutical, petrochemical, food & beverage, power generation, and others (manufacturing, metal & mining, paper & pulp, and automation). Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market comprises key manufacturers such as Siemens AG, ABB Ltd., Honeywell International, Inc., Yokogawa Electric Corporation, General Electric Company, Rockwell Automation, Inc., Emerson Electric Co., Metso Corporation, Schneider Electric SA, and Novatech Process Solutions LLC.
POTENTIAL BENEFITS FOR STAKEHOLDERS:
- This study comprises analytical depiction of the world DCS market, with current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends for gaining a stronger coverage in the market.
- The report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2014 to 2022, which is provided to highlight the financial competency of the market.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
- Value chain analysis provides a clear understanding of the roles of stakeholders involved.
The market is segmented on the basis of component type, industry vertical, and geography.
BY COMPONENT TYPE
BY INDUSTRY VERTICAL
- Oil & Gas
- Food & Beverage
- Power Generation
- Others (Automation, Metal & Mining, Paper & Pulp)
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
1.1 Key benefits
1.2 Key market segments
1.3 Research methodology
1.3.1 Secondary research
1.3.2 Primary research
1.3.3 Analyst tools and models
2 Executive Summary
2.1 CXO perspectives
3 Market Overview
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top impacting factors
184.108.40.206 Progression of power and energy sector
220.127.116.11 Perceptible amount of reduction in cost and time
18.104.22.168 Stagnant development in oil and gas sector
22.214.171.124 The idea of complete mobilization by cloud
3.2.2 Top winning strategies
3.3 Value chain analysis
3.3.1 Component manufacturers
3.3.2 Software suppliers
3.3.3 System integrators
3.3.5 End users
3.4 Porters five forces analysis
3.4.1 Moderate bargaining power among suppliers
3.4.2 Low threat of new entrants
3.4.3 High threat of substitutes
3.4.4 High rivalry
3.4.5 Moderate bargaining power among buyers
3.5 Market share analysis, 2015 (%)
3.6 Market dynamics
126.96.36.199 Increasing demand in power and energy sectors
188.8.131.52 emergence of open source dcs solutions
184.108.40.206 Cost and time effectiveness
220.127.116.11 Sluggish industrial growth in developed economies
18.104.22.168 Slow growth in oil & gas industries
22.214.171.124 Developing industrial infrastructure in emerging market
126.96.36.199 Movement towards Public or private cloud
4 World Distributed Control Systems Market, by Component Type
4.1 Hardware components
4.1.1 Key market trends
4.1.2 Key drivers and opportunities
4.1.3 Market size and forecast
4.2 Software interfaces
4.2.1 Key market trends
4.2.2 Key drivers and opportunities
4.2.3 Market size and forecast
4.3.1 Key market trends
4.3.2 Key drivers and opportunities
4.3.3 Market size and forecast
5 World Distributed Control Systems Market, by Industry Vertical
5.1.1 Key market trends
5.1.2 Key drivers and opportunities
5.1.3 Market size and forecast
5.2 Oil & gas
5.2.1 Key market trends
5.2.2 Key drivers and opportunities
5.2.3 Market size and forecast
5.3 Food & beverage
5.3.1 Key market trends
5.3.2 Key drivers and opportunities
5.3.3 Market size and forecast
5.4.1 Key market trends
5.4.2 Key drivers and opportunities
5.4.3 Market size and forecast
5.5 Power generation
5.5.1 Key market trends
5.5.2 Key drivers and opportunities
5.5.3 Market size and forecast
5.6 Others (Automation, Metal & Mining, Paper & Pulp)
5.6.1 Key market trends
5.6.2 Key drivers and opportunities
5.6.3 Market size and forecast
6 World Distributed Control Systems Market, by Geography
6.1 North America
6.1.1 Key market trends
6.1.2 Key drivers and opportunities
6.1.3 Market size and forecast
188.8.131.52 Market size and forecast
184.108.40.206 Market size and forecast
220.127.116.11 Market size and forecast
6.2.1 Key market trends
6.2.2 Key drivers and opportunities
6.2.3 Market size and forecast
18.104.22.168 Market size and forecast
22.214.171.124 Market size and forecast
126.96.36.199 Market size and forecast
188.8.131.52 Market size and forecast
6.2.8 Rest of Europe
184.108.40.206 Market size and forecast
6.3.1 Key market trends
6.3.2 Key drivers and opportunities
6.3.3 Market size and forecast
220.127.116.11 Market size and forecast
18.104.22.168 Market size and forecast
22.214.171.124 Market size and forecast
126.96.36.199 Market size and forecast
6.3.8 Rest of Asia-Pacific
188.8.131.52 Market size and forecast
6.4.1 Key market trends
6.4.2 Key drivers and opportunities
6.4.3 Market size and forecast
6.4.4 Latin America
184.108.40.206 Market size and forecast
6.4.5 Middle East
220.127.116.11 Market size and forecast
18.104.22.168 Market size and forecast
7 Company Profile
7.1 Siemens AG
7.1.1 Company overview
7.1.2 Company snapshot
7.1.3 Business performance
7.1.4 Strategic moves & developments
7.2 ABB Ltd.
7.2.1 Company overview
7.2.2 Company snapshot
7.2.3 Business performance
7.2.4 Strategic moves & developments
7.3 Honeywell International Inc.
7.3.1 Company overview
7.3.2 Company snapshot
7.3.3 Business performance
7.3.4 Strategic moves & developments
7.4 Yokogawa Electric Corporation
7.4.1 Company overview
7.4.2 Company snapshot
7.4.3 Business performance
7.4.4 Strategic moves & developments
7.5 General Electric Company
7.5.1 Company overview
7.5.2 Company snapshot
7.5.3 Business performance
7.5.4 Strategic moves & developments
7.6 Schneider Electric SE
7.6.1 Company overview
7.6.2 Company snapshot
7.6.3 Business performance
7.6.4 Strategic moves & developments
7.7 Rockwell Automation, Inc.
7.7.1 Company overview
7.7.2 Company snapshot
7.7.3 Business performance
7.7.4 Strategic moves & developments
7.8 Metso Corporation
7.8.1 Company overview
7.8.2 Company snapshot
7.8.3 Business performance
7.8.4 Strategic moves & developments
7.9 NovaTech Process Solutions LLC
7.9.1 Company overview
7.9.2 Company snapshot
7.9.3 Strategic moves & developments
7.10 Emerson Electric Corp.
7.10.1 Company overview
7.10.2 Company snapshot
7.10.3 Business performance
7.10.4 Strategic moves & developments
A new report published by Allied Market Research titled, Distributed Control Systems (DCS) Market - Global Opportunity Analysis and Industry Forecast, 2014 - 2022, projects that the market is expected to reach revenue of $24,609 million by 2022, growing at a CAGR of 5.2% from 2016 to 2022. Factors such as increase in demand in power and energy sectors, emergence of open source DCS solutions, and cost & time effectiveness drive the global market. Asia-Pacific is expected be the largest market for DCS during the forecast period.
Software interface constitute the highest market share among other component types due to increased use of DCS in cloud computing technology. Nonetheless, DCS service is estimated to grow at the fastest rate owing to the growth in skid-mounted DCS technology.
The oil & gas industry is projected to dominate the market, pertaining to the increase in demand for oil, gas, petrochemical, and refined products paired with deregulation of energy markets. However, the food & beverage industry is expected to depict fastest growth, owing to the introduction of vision inspection systems used for bottling and packaging application for increased efficiency.
LAMEA is estimated to grow at the highest CAGR on account of growth in South Africa and increase in rate of adoption in traditional industries in LAMEA such as metals, minerals, petrochemicals and chemicals.
Key Findings of Distributed Control Systems (DCS) Market Study:
- Software interface segment is expected to exhibit a remarkable growth during the forecast period, due to growth in cloud computing technology and commercial off-the-shelf (COTS) technology.
- Oil & gas industry contributes the highest market share pertaining to the requirement of increased safety in manufacturing plants and environmental policies.
- Asia-Pacific is expected to exhibit a promising growth during the forecast period.
- Industry participants focus on expansion to innovate their product offerings and to improve their market share.
- The distributed control systems market comprises dominant players such as General Electric, Siemens, Honeywell International Inc., Schneider Electric SE, and others. These market players focus on expansion, product launch, R&D, and acquisition as their key strategies to establish their market position.
- ABB Ltd.
- Emerson Electric Co.
- General Electric Company
- Honeywell International, Inc.
- Metso Corporation
- Novatech Process Solutions LLC
- Rockwell Automation, Inc.
- Schneider Electric SA
- Siemens AG
- Yokogawa Electric Corporation