The Distributed Control System to grow at a CAGR of 5.4% through 2030
According to Next Move Strategy Consulting, the global distributed control system market was valued at USD 27.19 billion in 2022 and is predicted to reach USD 44.05 billion by 2030, with a CAGR of 5.4% from 2023 to 2030. The market is driven by an increase in investments in the manufacturing and processing industry.
An increase in investments in the manufacturing and processing industry propel the growth of the distributed control system (DCS) market. As the manufacturing and processing industry expands, there is a growth in the need for advanced control systems that can help optimize production processes and increase efficiency. For instance, in November 2020, Mitsubishi Electric India launched the GOC43, an indigenous human-machine interface (HMI) controller designed and developed by the Factory Automation & Industrial Division at its R&D center in India. The device is compatible with most automation systems and designed to withstand harsh industrial environments, making it ideal for use in various industries, including manufacturing, pharmaceuticals, HVAC, and automotive.
On the contrary, the risk associated with cybercrimes hinders the growth of the market. However, the introduction of modular and flexible DCS systems creates ample growth opportunities for the DCS market.
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By application, the market is segmented into batch and continuous processes. By end user, the market is categorized into oil & gas, chemicals & refining, energy & power, pulp & paper, metals & mining, pharmaceutical & biotech, food & beverages, cement & glass, water & wastewater, and others.
The oil & gas sector relies heavily on DCS to monitor and control crucial production, distribution, and refining activities. Operators can automate and optimize several processes, including drilling, wellhead control, pipeline management, and refinery operations using DCS. A DCS consists of sensors, controllers, and actuators that construct the system, which gathers data, processes it, and gives operators real-time feedback. DCS helps the oil & gas industry reduce downtime, increase productivity, and improve overall process efficiency. For instance, Honeywell introduced C300PM, a highly adaptable and economical solution that delivers a unified process control platform across various industries, including oil & gas, mining, and others. This new controller is specifically designed to facilitate the evolution of technology in process control systems and offers features of the latest C300 process controller.
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North America has been the leading consumer of DCS, as the U.S. has a well-developed pharmaceutical industry that produces a wide range of drugs and medical products. Some of the world's largest pharmaceutical companies, such as Pfizer, Merck, and Johnson & Johnson, are headquartered in the U.S. DCS is used in pharmaceutical manufacturing facilities to monitor and control various processes, such as chemical reactions, mixing, filtration, and purification.
Moreover, the presence of major market players such as ABB, Honeywell International, Inc., Rockwell Automation, Inc., and Emerson Electric Co., which are implementing market strategies to maintain their dominance globally, also contribute toward the market expansion. For instance, in December 2022, Emerson expanded its partnership with ZEDEDA to modernize the industrial edge. As a part of the collaboration, ZEDEDA's edge management and orchestration solution will be integrated into Emerson's DeltaV automation system, enabling Emerson customers to extend DeltaV to the distributed edge.
Europe is expected to witness a growth in the DCS market, owing to the high adoption of this system in the energy and power industry to track and manage various power generation, transmission, and distribution activities. DCS offers real-time monitoring to maintain the safe and effective functioning of key equipment, including turbines, generators, boilers, and transmission lines. DCS technology has become an essential tool for managing and monitoring the operations of nuclear power plants. According to the International Energy Statistics, in 2021, nuclear power plants in France produced 361 billion kilowatt-hours of electricity, representing 68% of the country's total annual electricity production. This percentage is the highest in the world in terms of nuclear power generation. Therefore, there is a huge demand for DCS in the region.
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Some of the major market players operating in the distributed control systems market include Rockwell Automation, Inc., ABB Ltd., Honeywell International, Inc., Siemens AG, Emerson Electric Co., Yokogawa Electric Corporation, Schneider Electric, Toshiba Corporation, Mitsubishi Electric Corporation, Hitachi Ltd., Valmet Oyj, Ingeteam Corporacion S.A, General Electric Co., Omron Corporation, and Azbil Corporation. The report offers an extensive analysis of the competitive landscape of the global market.
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