Distributed Control System Market Research Report: Information by Component, Application, End Use, and Region — Forecast till 2030

Distributed Control System Market is projected to be worth USD 35.24 billion by 2030, registering a CAGR of 6.12% during the forecast period (2021 - 2030), The market was valued at USD 20.17 billion in 2021. 

Distributed Control System Market Synopsis:

DCSs (distribution control systems) are critical in the manufacturing industry since they control and manage processes. There is a dedicated controller that controls each process element set of machines in DCS. It is made up of a large number of local controllers located across the plant control area, all of which are linked by a high-speed communication network. Data acquisition and control functions are carried out in a DCS control system by many DCS controllers, which are microprocessor-based units spread across the plant functionally and geographically.

Over the last few decades, the power sector has seen substantial growth in terms of power capacity increase, with major integration of disruptive technologies to attain clean energy targets around the world. Due to the rising need for energy efficiency, while reducing power disruptions, global investment in the power sector reached USD 757 billion in 2019. One of the primary drivers driving the DCS market is the growing power generation capacity, particularly in developing nations. Rapid population growth and modernization have resulted in a rise in electricity generation. Various power generation components and processes, such as boiler side valves, fans, turbine valves, and boiler coal firing, are controlled by distributed control systems. Municipal spending has also expanded to keep up with the growing urban population shift.

Based on component, the global distributed control system market has been segmented into hardware, software, and services. The software segment held a share of 52.70% of the global distributed control system market. Based on application, the global distributed control system market has been segmented intocontinuous and batch-oriented processes. Batch-oriented held a 58.90% share of the global distributed control system market. Based on end use, the global distributed control system market has been segmented into oil and gas, powergeneration, food &beverage, chemicals, pharmaceutical, metal &mining, paper &pulp, and others. Oil and gas held a 21.20% share of the global distributed control system market.Based on region, the global distributed control system market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The Asia-Pacific held a 31.26% share of the global distributed control system market.

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