DUBLIN--(BUSINESS WIRE)--The "Distributed Control Systems (DSC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global distributed control systems (DCS) market grew at a CAGR of around 5% during 2014-2019. Looking forward, the publisher expects the global distributed control systems (DCS) market to continue its moderate growth during the next five years.
A distributed control system (DSC) refers to an automated management solution to supervise various industrial processes. It is used for data acquisition, data presentation, process control, process supervision and reporting information. It consists of numerous local controllers for plant control that are connected to a high-speed communication network. It also aids in minimizing the risks of component failure and facilitates the timely upgradation of obsolete technologies. In comparison to the traditionally used centralized control systems, DCS can be used for large and complex industrial processes and offers enhanced reliability of control. As a result, it finds extensive applications across various industries, such as oil and gas, chemical, food and beverage, nuclear power, wastewater management and automotive.
Significant growth in the oil and gas industry, along with increasing industrial automation across the globe, is one of the key factors creating a positive outlook for the market. Furthermore, the rising requirement for efficient optimization solutions in the power and energy sectors is providing a thrust to the market growth. DCS enables the operators to individually control, report and monitor plant components and manage databases, graphics, control logic and system security systems.
Additionally, various technological advancements, such as the development of improved internet-based systems integrated with the Industrial Internet of Things (IIoT), are acting as other growth-inducing factors. These systems can process multiple variables and control signals to various valves, motors and actuators. Other factors, including rapid industrialization, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
Companies Mentioned
- ABB Ltd.
- Azbil Corporation
- Emerson Electric Co.
- Honeywell International Inc.
- Mitsubishi Motors Corporation
- Omron Corporation
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens Aktiengesellschaft
- Toshiba Corporation
Key Questions Answered in This Report:
- How has the global distributed control systems (DCS) market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global distributed control systems (DCS) market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the process?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global distributed control systems (DCS) market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Distributed Control System (DCS) Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Services
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Process
7.1 Continuous Process
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Batch-oriented Process
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Power Generation
8.2 Oil and Gas
8.3 Chemicals
8.4 Food and Beverage
8.5 Mining and Metals
8.6 Paper and Pulp
8.7 Pharmaceutical
8.8 Others
9 Market Breakup by Region
9.1 North America
9.2 Asia Pacific
9.3 Europe
9.4 Latin America
9.5 Middle East and Africa
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/op6wu7
