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Distributed Energy Resource Management System Market: Development Status, Emerging Technologies, Future Plans and Trends by Forecast 2023

Global Distributed Control Systems (DCS) Market 2019 Industry Research Report is a professional and in-depth study on the current state of the Global Distributed Control Systems industry. This Study includes Global Distributed Control System Market historical and forecast data analysis by segments, leading companies, share, size, region, trends, upcoming opportunities, and growth analysis with support of tables and figures.

The global Distributed Control Systems market is anticipated to capture a CAGR of 5.30% over the forecast period of 2016-2023, affirms Market Research Future (MRFR) in a detailed study. MRFR further asserts that the DCS market is likely to reach USD 4,411 bn by the end of 2023.

Also Read: http://www.marketwatch.com/story/distributed-control-system-market-size-share-analysis-2020-industry-by-component-application-end-user-top-manufacturers-covid-19-impact-analysis-trends-and-forecast-by-2023-2020-06-11

Emerson (USA), Schneider Electric (France), Rockwell Automation (US), General Electric (US), Yokogawa (Japan), Metso Corporation (Finland), Siemens (Germany), Azbil Corporation (Japan), Honeywell International Inc. (US), Toshiba (Japan), Hitachi (Japan), and ABB (Switzerland) are the distinguished players in the distributed control system market.

Distributed Control System Market Overview

Distributed control systems or DCS are computerized control systems for plants or process generally with several control loops. It reduces installation costs and increases reliability by localizing the control function close to the process plant through supervision and remote monitoring. DCS has a wide range of applications including automobile industries, water management systems, nuclear power plants, food processing units, oil and gas industries, and chemical plants.

The expansion of the power and energy sector has provided favorable grounds for the growth of the DCS market. The burgeoning population and its subsequent energy requirements have created relentless pressure to increase power generation capacities as well as reduce energy consumption in the industrial sector to make significant cost saving.

The oil & gas industry is also contributing to the growth of the Distributed Control Systems Market. Various processes of the oil & gas industry such as vacuum distillation, hydrocracking, naphtha hydrotreating, and coking require DCS which generates massive demand within the market.

Global Distributed Control System Market Segmental Analysis:

The Market Research Future report offers a wide segmental analysis of the distributed control system market based on component, end use, and application.

By Component

By Application

Continuous process
Batch-oriented process
By End-Use

Oil & Gas
Power Generation
Food & Beverage
Metals & Mining
Paper & Pulp
By Regions

North America
Middle East & Africa
South America
Regional Analysis

By region, the distributed control system market has been segmented into North America, South America, Asia Pacific (APAC), The Middle East & Africa (MEA), and Europe.

The APAC is the largest distributed control system market. Fast track industrialization in the region has necessitated the need to increase power generation capacity to align with the towering energy demand. It is estimated to grow at the fastest pace owing to growing power generation capacities coupled with efficient control system in oil and gas as well as manufacturing industry.

Additionally, growing awareness regarding energy conservation and the need to provide uninterrupted power supply to various needs of the burgeoning population of the region. China is the major contributor to the distributed control system market. China has become the global manufacturing hub and deploys distributed control system extensively to improve productional efficiency. Besides, emerging countries such as Australia, Indonesia, and Thailand also have huge potential for the growth of the distributed control system market. The APAC market accounts for almost 31.40% share of the global market.

North America is the second largest distributed control system market. The prolific growth of the oil & gas industry translates into huge demand within the distributed control system market. Onshore and offshore oil drilling activities in the Gulf of Mexico has also reflected positively on the growth of the market.

Industry Updates

March 2019 – ABB (Switzerland), a pioneer of the distributed control system market, released its new Ability Distributed Control System (DCS) 800xA 6.1. The new DCS is equipped with various advanced features such as Ethernet I/O solutions, additional High Integrity controllers and a series of engineering tools such as an Ethernet I/O Field Kit. The 800xA offers improved electrical integration capabilities which help to ascertain detailed, real-time information of power consumption and thus helps in the prevention of blackouts.

July 2019: Leading regulatory compliance software and enterprise quality management provider, AssurX Inc, has launched AssurX Patch Management software. This solution has been specially designed for tracking app patching alerts as well as driving associated activities in one command sector which combines internet of things (IoT), operational technology (OT), and technology (IT) for cyber vigilance. The latest release is a true management solution as this will help in integrating with various cyber security systems for centralizing situational awareness across information technology assets from routers and servers, to connected mobile handsets, to industrial systems that include distributed control systems (DCS), and supervisory control and data acquisition (SCADA) systems.

Browse Complete Research Report at: https://www.marketresearchfuture.com/reports/global-distributed-control-system-market-1698

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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