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Distributed Control System Market 2019 Development Strategy, Size, Share, Top Key Players Review and Rapid Growth by Forecast to 2023May 28, 2019 (MarketersMedia via COMTEX) — The global Distributed Control System market is anticipated to capture a CAGR of 5.30% over the forecast period of 2016-2023, affirms Market Research Future in a detailed study. MRFR further asserts that the DCS market is likely to reach USD 4,411 bn by the end of 2023. — Distributed Control System Market Report: Information by Component (Hardware, Software, Services), Application (Continuous, Batch-Oriented), End-Use (Oil & Gas, Power Generation, Chemicals, Pharmaceutical, Metal & mining), Region – Global Forecast till 2023 Global Distributed Control System Industry Leading Players Analyzed are: 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) Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/1698 Distributed Control System Market Scenario 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. Rapid industrialization on a global scale, especially in the APAC region has led to substantial growth in the global DCS market. Distribution control systems (DCS) plays an important role in manufacturing industries as they are used to control and manage the processes. In DCS, each process element group of machines are controlled by a dedicated controller. DCS consists of a large number of local controllers in various sections of plant control area and is connected to high speed communication network. The advantage of using DCS in various industries include special functions, such as data acquisition, data presentation, process control, process supervision, reporting and storing information. 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. 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. Distributed Control System 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 batch-oriented 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. Distributed Control System Regional Industry 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. 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. List of Tables Table 1 Market Synopsis Table 2 List Of Assumptions Table 3 Global Distributed Control System Market, By Component, 2016-2023 (USD Million) Table 4 Global Distributed Control System Market, By Application, 2016-2023 (USD Million) Table 5 Global Distributed Control System Market, By End-Use, 2016-2023 (USD Million) Continue….. List of Figures Figure 1 Global Distributed Control System Market: Market Structure Figure 2 Research Process Of MRFR Figure 3 Top-Down & Bottom-Up Approaches Figure 4 Global Electricity Demand, (2016-2040) Figure 5 Porter's Five Forces Model: Global Distributed Control System Market Continue………. Browse Full Distributed Control System Market Research Report @ 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. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. Contact Info: Source URL: https://marketersmedia.com/distributed-control-system-market-2019-development-strategy-size-share-top-key-players-review-and-rapid-growth-by-forecast-to-2023/517570 Source: MarketersMedia Release ID: 517570 ********************************************************************** As of Friday, 05-24-2019 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system, indicated a DOWNTREND on 05-17-2012 for HON @ $56.35. For more inform Please read the End User Agreement. News provided by COMTEX. |
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