The global DCS market is projected to grow at a considerable CAGR of 5.8% during the forecast period. The market growth is attributed to the growing demand automated controls systems in various industries such as Oil & Gas, power generation, chemical, and others. The growing requirement on technical parameters, reliability, effectivity, safety and other characteristics of industrial control systems initiate distribution of its control components across the plant that further led the use of DCS in industrial applications. The rise of industrial robots witnessed a hefty expansion in developed countries and certainly seems to be inevitable being driven by a range of production demands, including continued adaptation to the proliferation of automation and the IoT across various industrial applications The rising demand for human-robot collaboration in the industrial sector for overall cost reduction is substantially providing the future growth opportunity to the market.
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Segmental Outlook
The global market for DCS is classified into product type and end-user industry. Based on the Product Type the global DCS market is classified into hardware and software & services. The DCS includes various intelligent hardware devices such as microcomputers, workstations, robots, and others that coordinate activities and information exchange via a communication network. The software & services segment is estimated to have a significant share in the global DCS market. Based on the end-user industry the global DCS market is further segregated into chemical, oil & gas, power generation, metals and mining, paper & pulp, and others (pharmaceutical).
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Market Segmentation
Global DCS Market by Product Type
- Hardware
- Software and Services
Global DCS Market by End-User Industry
- Chemical
- Oil & Gas
- Power Generation
- Metals and Mining
- Paper & Pulp
- Others (Pharmaceutical)
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
Company Profiles
- ABB Ltd.
- Azbil Corp.
- Emerson Electric Co.
- General Electric Co.
- Giza Systems
- Hitachi, Ltd.
- Honeywell International Inc.
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