This research report titled ‘Global DCS Market 2016-2020’, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. To calculate the market size, Technavio have considered revenues generated from the sales of hardware and software licenses, renewal of software licenses, upgrades of existing solutions, and maintenance and services for calculating market value in end-user segments.
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“The growing uptake of the main automation contractor (MAC) concept may see the services segment emerge as the fastest-growing segment in the global automation solutions market. Vendors and third party service vendors that offer better services at affordable prices are likely to lead the market in the coming years,” said Bharath Kanniappan, one of Technavio’s lead analysts for automation research.
“The need for automation is rising across industries, and the demand for customized plant automation solutions is also on the rise. During the forecast period, most companies are anticipated to deploy automation solutions with ERP software and frameworks that require continuous maintenance and support from automation vendors,” added Bharath.
Global DCS: End-user segmentation 2015
- Oil and gas
- Chemicals and petrochemicals
- Water and wastewater
- Paper and pulp
- Food and beverage
Power industry: largest segment of the global DCS market
Increased implementation of DCS in the power generation industry across the globe is one of the major factors driving the DCS market in the power industry. The global DCS market in the power industry was valued at close to USD 5.62 billion in 2015. The power industry is one of the largest industries globally, as it is the backbone of modern industrialization. It is an influential industry with some of the highest number and value of projects and facilities. The use of DCS enhances the overall functioning of power plants by reducing power wastage and overall expenditure, and improves productivity, distribution, and transmission of power.
The abundant availability and low prices of natural gas in the US (coupled with government initiatives to reduce carbon footprints) has prompted interest in the use of natural gas in the power industry. Natural gas is touted to be more environment-friendly due to lower carbon content, and hence, countries such as the US, Russia, and China, are exploiting natural gas as a viable option to address their domestic power needs.
Global DCS market in oil and gas industry: second largest segment
The global DCS market in the oil and gas industry was valued at close to USD 3.03 billion in 2015. Oil and gas exploration sites have shifted to offshore areas as oil companies are drilling at greater ocean depths to extract more resources, thus exposing the equipment to multiple risks in harsh marine environments. This will lead to frequent downtime, constant need for servicing and high repair costs.
Transportation of oil and gas across large distances faces several challenges, such as spillage and leaks that require constant supervision. This necessitates the need for continuous controlling and monitoring of upstream and midstream activities from remote locations in the oil and gas industry. DCS solutions can effectively control and monitor various oil and gas operations such as drilling, production, transportation of crude oil, and natural gas (i.e., control the flow of produce in pipelines at optimum pressure and early detection of leaks). These solutions enhance the overall output by effectively using resources and reducing overall expenditure without wastage and endangerment to human personnel or the natural environment.
Global DCS market in chemical and petrochemical industry
The chemical and petrochemical industry is essential for the progress of every economy as it provides products used in day-to-day activities. Products made out of chemicals and petrochemicals include chemicals and their byproducts, petrochemicals, fertilizers, paints, paper, detergents, pharmaceuticals, gases, soaps, perfumes, toiletries, varnishes to name a few.
The products generated by the chemicals and petrochemical industry are used in the automotive, pulp and paper, pharmaceutical, F&B, packaging, and water and wastewater treatment industries. Thus, the growth and development of end-user industries will likely augment the demand for distributed control systems during the forecast period.
The use of automation solutions like DCS enables smooth operations with an effective distribution process efficiently, minimal wastage and downtime, and safe waste disposal.
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