The global DCS market was valued at USD 15.42 Billion in 2016 and is projected to reach USD 20.7 Billion by 2022, at a compound annual growth rate (CAGR) of 4.9%, during this forecasted period. The DCS market is driven by factors such as the booming power sector and augmented power generation capacities worldwide, water scarcity, aging water infrastructure, growing industrial infrastructure in regions such as Asia Pacific, the Middle East, and Africa, and increased use of wastewater recovery, renewable and nuclear energy for power generation.
The DCS market includes equipment manufacturers such as ABB (Switzerland), Siemens (Germany), Honeywell (US), Yokogawa (Japan), Emerson (US), Schneider Electric (France), General Electric (US), Rockwell (US), Toshiba (Australia), Metso (Finland), Azbil (Japan), Novatech (US), Mitsubishi (Japan), Hitachi (Japan), Can-Technologies (Canada), CG Power (India), Chint Electric (China), Larsen & Toubro (India), Hyosung (South Korea), Andritz (Austria), Mobile Automation (Australia), HollySys (China), ZAT (Czech Republic), Concept Systems (US), and Ingeteam (Spain).
North America DCS market by product, (USD Million), 2012 – 2020
The surge in demand for energy-based sales and retrofits may provide viable growth opportunities over the forecast period. Further, the internet-based system helps in easy integration and improves the functionality through easy remote access. A DCS has the capacity for processing a large number of I/O points; it also has networking capabilities, which are useful in process management. The DCS and I/O subsystem, has the ability to input different process measurements and other inputs into the system and provide outputs in the form of control signals to various actuators, valves, motors, and other control elements. I/O forms a significant cost element. Suppliers work towards reducing the cost of I/O through the integration of more programmability into the devices. Further, owing to the competitive environment, process industries are under constant pressure to produce products economically with the latest available technologies. These solutions help in achieving low costs coupled with quality through optimum utilization of equipment, raw material, and man power.
The growing need in the water and power utility sector for operational excellence demands the use of optimization solutions such as distribution control systems (DCS) worldwide. This will increase market revenues over the next decade. With increased market competition in the power sector and increased regulation in the water sector, formulation of strategies to improve the overall plant performance and reduce downtime errors to achieve maximum ROI is at the forefront of customer’s capital and operational planning.
Leading Players in the DCS Market
• ABB is a global leader in power and automation technologies. Their solutions improve the efficiency, productivity and quality of customer operations while minimizing environmental impact. ABB has pioneered the introduction of several technologies that have changed the landscape of our modern society.
• Emerson Electric is a diversified global manufacturing company that brings technology and engineering together to provide innovative solutions to customers in the industrial, commercial and consumer markets through its process management, industrial automation, network power, climate technologies, and commercial & residential solutions businesses.
• Honeywell invents and manufactures technologies to address some of the world’s toughest challenges. This is primarily initiated by revolutionary macrotrends in science, technology and society. They create solutions to improve the quality of life of people around the globe.
• For all industrial sector Siemens is the world’s single-source leader of automation technology products engineered and manufactured. Their platform of automation technology products are designed to match all of your requirements and are enhanced by extensive training, service and support.
• Yokogawa Electric Corporation is a Japanese electrical engineering and software company. It’s businesses based on its measurement, control, and information technologies.
• General Electric is building the world by providing capital, expertise and infrastructure for a global economy. GE Capital has provided billions in financing so businesses can build and grow their operations and consumers can build their financial futures
• Rockwell Automation, the world’s largest company dedicated to industrial automation and information for the manufacturing sector. It aims to makes its customers more productive and the world more sustainable. Throughout the world, their flagship Allen-Bradley® and Rockwell Software® product brands are recognized for innovation and excellence.
• Schneider Electric is a leading designer and manufacturer of automation and control solutions. They have an extensive range of products, from programmable relays through to high performance motion controllers and interface modules. Their technology is capable of controlling simple machines through to complex process control applications. This provides them the ability to operate across all industrial, infrastructure and building sectors.
• Toshiba is a total solution provider for power automation and a manufacturer of remote terminal units (RTU), distribution automation systems (DAS), substation automation systems (SAS), T&D protection relays and control relay panels (CRP) with a design capability of up to 500kV. They offer products with complete control & automation solutions which fulfills compliance with IEC/ANSI standards and can be customized to be in compliance with any client’s technical specifications.
Distributed Control Systems (DCS) Market Overview Allied Market Research
Distributed Control Systems (DCS) Market by Segment Allied Market Research
Distributed Control Systems (DCS) Market by Industry Allied Market Research