The global distributed control systems market was valued at US$ 17.99 Bn in 2020 and is expected to register strong growth, expanding at a CAGR of 4.3% during the forecast period from 2025 to 2033.
"Asia Pacific to remain largest Distributed Control Systems (DCS) market by 2033"
Asia Pacific represented the largest distributed control systems market worldwide in 2020 and presumed to retain its leading position throughout the forecast period 2025 – 2033. The dominance and anticipated growth in the region is majorly on the back of heightened investments made in augmenting the oil & gas production and refining capacities. China remains the engine of growth, contributing well over one-third of the regions’ market value. In a bid to minimize its dependence on coal-fired power generation, China is expanding its wind, solar, and nuclear power generation capacities, which, in turn is driving demand for distributed control systems. In developed countries with strong installed base, the need for the aftermarket portfolio and value-added services including system upgrades, consulting, and optimization of lifecycle costs has surged over the last few years. The trend shall prolong during the forecast period.
"Value Contribution from Power & Energy Sector to be Highest throughout the Forecast Period"
The adoption of distributed control systems was highest in power & energy and oil & gas segments in the base year 2020. The value contribution from these segments collectively stood at over 48.0% in the same year. Increased automation in a bid to achieve power quality, plant efficiency and limit dependency on conventional fossil fuels has highlighted the importance of the power industry, thereby paving the way for the increased adoption of distributed control systems in the industry worldwide. The trend is expected to protract, driving demand for DCS solutions & services in the power & energy sector during the forecast period.
Some of the leading manufacturers profiled in the research study include ABB Group, The Emerson Electric Co., Metso Corporation, Honeywell International Inc., Yokogawa Electric, Rockwell Automation, Inc., General Electric, Invensys, Schneider Electric SE, and Siemens AG among others.
Historical & Forecast Period
This study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Distributed Control Systems (DCS) market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
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Research Period | 2023-2033 |
Base Year | 2024 |
Forecast Period | 2025-2033 |
Historical Year | 2023 |
Unit | USD Billion |
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Region Segment (2023-2033; US$ Billion)
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Key questions answered in this report