$23.2 Billion Distributed Control System Market to 2026 - PowerPoint PPT Presentation

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$23.2 Billion Distributed Control System Market to 2026

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[248 Pages Report] The global Distributed control system (DCS) market is expected to grow from an estimated USD 17.5 billion in 2021 to USD 23.2 billion by 2026, at a CAGR of 5.8% during the forecast period. Software segment is dominating the component type, followed by hardware segment, in the DCS market. – PowerPoint PPT presentation

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Title: $23.2 Billion Distributed Control System Market to 2026


1
Distributed Control System Market by Shipment
Scale (large, medium, small), by Component
(hardware, software, services), Application
(continuous process, batch-oriented process),
End-use Industry, and Region - Global Forecast to
2026
www.MarketsandMarkets.com
2
The distributed control system market size will
grow to USD 23.2 billion by 2026 (forecast year)
from USD 17.5 billion in 2021 (estimated year),
at a CAGR of 5.8 during the forecast period.
Distributed control system (DCS) is A distributed
control system (DCS) is employed for the handling
of processes and plants to provide better
control, safety, and product efficiency and
quality at plants. Distributed control systems
find applications in industries such as oil
gas, power generation, paper pulp, food
beverages, pharmaceuticals, and chemicals to
mainly control manufacturing through two
processes batch-oriented and continuous View
detailed Table of Content here
https//www.marketsandmarkets.com/Market-Reports/
distributed-control-system-market-239430160.html
3
The software segment is expected to dominate the
distributed control system market, by Component,
during the forecast period. The software segment
accounted for the largest share of 45.1 of the
distributed control system market in 2020. The
software segment includes IT applications such as
advanced process control systems, controller
integration with DCS, technology libraries,
telecontrol software, connectivity solutions,
parameter control and materials management
systems, process optimization and process safety
solutions, and advanced software and
virtualization solutions. It offers a common
platform for devices to connect and operate.
Upgrades to existing software, increased use of
distributed control systems in cloud computing
technologies, and upcoming technologies such as
IoT are the major drivers of the software segment
of the DCS market. The software solutions are
cost-effective and can be replaced and upgraded
easily. Make an Inquiry https//www.marketsandm
arkets.com/Enquiry_Before_BuyingNew.asp?id2394301
60

4
The continuous process segment is expected to
dominate the DCS market, by application, during
the forecast period.  The continuous process
segment accounted for the largest share of 66.4
in 2020. The continuous process segment, by
application, is projected to hold the highest
market share during the forecast period. The
continuous process is a method where the
manufacturing process is carried out without any
interruption and is generally preferred when
producing large quantities. It is the
faster-growing application in the distributed
control system market. The continuous production
process is used in oil gas, chemicals, power
generation, and water wastewater treatment
industries and is one of the more efficient and
profitable methods of production. The use of
distributed control systems in nuclear as well as
renewable sectors in the power generation
industry and in upstream and downstream
activities in the oil gas industry are the
major factors driving the continuous process
segment. The increasing production of chemicals
and the growing demand for distribution control
systems in the refining industry also contribute
to the segments growth.

5
The oil gas segment is expected to dominate the
distributed control system market, by end-use
industry, during the forecast period.  The oil
gas segment accounted for the largest market
share of 25.9 in 2020. Oil gas is one of the
largest industries in terms of revenue generation
for the DCS market and is classified into 3 major
sectors-upstream, midstream, and downstream. The
upstream sector involves the extraction,
development, and production of crude oil and
natural gas, the midstream sector includes the
transportation and storage of crude oil and
refined petroleum products, and the downstream
sector consists of companies involved in refining
crude oil, producing petroleum products, and
selling these products through wholesale and
retail channels. The processes carried out in
this industry are highly complex, lengthy, and
critical. Distributed control systems are widely
applied across all sectors of the oil gas
industry, as these systems ensure safety,
reliability, and profitability in oil gas
operations.

6
Browse gtgt 260 market data
tables 58 figures
248 pages and in-depth TOC on
Distributed Control System Market - Global
Forecast to 2026 Early buyers will receive 10
customization on this report. This is a
Premium Report Priced at US 4950 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
7
Asia Pacific is expected to lead the DCS market
Asia Pacific accounted for a 32.3 share of the
distributed control system market in 2020. The
countries covered in the region are China, Japan,
South Korea, India, and the Rest of Asia Pacific.
The market is expected to grow due to booming
power sector and augmented power generation
capacities worldwide, growing industrial
infrastructure, and increased use of renewable
and nuclear energy for power generation. The DCS
market is expected to grow in countries such as
China and India due to infrastructural
expansions, ongoing power generation projects,
and technological innovations. The distributed
control system market in this region is expected
to grow due to rapid regional industrialization,
urbanization, and economic growth, which are
leading to the installation of new distributed
Speak to Analyst _at_ https//www.marketsandmarkets.
com/speaktoanalystNew.asp?id239430160
8
  • Key players -
  • To enable an in-depth understanding of the
    competitive landscape, the report includes the
    profiles of some of the top players in the
    Distributed Control System Market. These include
  • ABB (Switzerland),
  • Schneider Electric (France),
  • Emerson (US),
  • Siemens (Germany),
  • Honeywell (US) and many more...
  • Buy Now - https//www.marketsandmarkets.com/Purc
    hase/purchase_reportNew.asp?id239430160

9
Contact Mr. Aashish Mehra MarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 sales_at_marketsandmarkets
.com
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