Global Non-Volatile Memory Market Research Report: Forecast to 2023
Global Distributed Control System Market Research Report: Forecast to 2023
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
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Copyright © 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Summary The global distributed control system market is predicted to grow at a 5.30% CAGR over the forecast period (20182023), reveals the new Market Research Future (MRFR) report. 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. A distributed control system (DCS) controls various complex processes of plants with the help of a suite of configuration tools to provide flexibility and simplicity to processes. DCS allows central control over components and processes and helps increase capacity, ease maintenance, and meet EPA requirements. Various factors are driving the growth of the distributed control system market. These factors, in accordance with the Market Research Future (MRFR) report, include booming power sector, improved power generation capacities, growing industrial infrastructure, increased use of nuclear and renewable energy for power generation, technological advancements, and rapid industrialization. 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 DCS 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. Moreover, various industries are overhauling outdated controllers and disparate DCSs with new homogenous DCS which boost the growth of the DCS market. Other factors include emerging industrial regulations, ongoing plant upgrades, and the adoption of new technologies within the context of recent modernization efforts.
Competitive Landscape Leading players profiled in the distributed control system market report include Metso Corporation (Finland), Azbil Corporation (Japan), Hitachi (Japan), Toshiba (Japan), Yokogawa (Japan), Honeywell International Inc. (US), General Electric (USA), Rockwell Automation (US), Siemens (Germany), Schneider Electric (France), Emerson (USA), and ABB (Switzerland), among others. The key market players are engaging in various strategies such as partnerships, acquisitions, and mergers to create a foothold in the market.
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Market Segmentation The global distributed control system market has been segmented based on component, application, and end-use. By component, the distributed control system market has been segmented into hardware, software, and services. By application, the distributed control system market has been segmented into continuous process and batchoriented process. By end-use, the distributed control system market has been segmented into oil & gas, power generation, food & beverage, chemicals, pharmaceutical, metal & mining, paper & pulp, and others.
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. 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.
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
owned company based in Norway that has developed a field-proven portfolio of completion systems and intervention tools.
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Copyright Š 2017 Market Research Future.