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.

 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)

 Global DCS Market Share by End-User Industry, 2018(%)

Global DCS market to be driven by power generation end-user industry

The power generation segment projected to have considerable market growth in the global DCS market during the forecast period. The power generation industry has a significant application of DCS owing to growing digitalization in the industry. There is increasing the use of unpredictable renewable energy sources in power generation which has caused an imbalance of energy demand and supply. For managing this, utilities, independent power producers and other energy companies are exploring effective ways. The companies are leveraging automated technology such as DCS for improving the accessibility and efficiency of renewable energy technologies for power generation that further provide boost market growth.

Regional Outlook 

Geographically, the global DCS market is further classified into North America, Europe, Asia-Pacific and the Rest of the World. North America is projected to have significant market growth in the global DCS market during the forecast period. The US and Canada are significantly contributing to the market growth due to various factors, such as the significant focus on the deployment of advanced technologies in their industrial application and the presence of key market players, such as Emerson Electric Co., Honeywell International Inc., and others. The trend of automating production in domestic as well as global markets is the major factor driving the installation of DCS in the US. The advanced technologies such as DCS has been adopted in a number of industries such as pharmaceutical manufacturing, chemical industry, food manufacturing industry, and power generation industry.   

Global DCS Market Growth, by Region 2019-2025

Asia-Pacific to hold a considerable share in the global DCS market

Geographically, Asia-Pacific is projected to have a significant share in the global DCS market. Asia-Pacific region creates significant scope for the global DCS market, owing to the rising chemical, oil & gas and power generation industries and digitization and growing industrial automation in emerging economies such as India, China, and others. The uptake of industrial robots by Asia-Pacific is accelerating at a rapid growth; the operational stock rose 70% to 887,400 units during 2010-2015, as per the International Federation of Robotics. China was the largest market for industrial robots globally, taking 43% of all the sales to Asia that include New Zealand and Australia. Therefore, the growing industrial robotics in the region further provide substantial demand for DCS thus creating considerable share in the global DCS market. 

Market Players Outlook

The key players in the DCS market contributing significantly by providing different technology of products and increasing their geographical presence across the globe. The key players of the market include ABB Ltd., Emerson Electric Co., General Electric Co., Honeywell International Inc., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Yokogawa Corporation of America, and others. These market players adopt various strategies such as product launch, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. For instance, in June 2018 Rockwell Automation Inc. announced the launch of PlantPAx DCS that provides smarter, more productive and protected operations for industrial applications.   

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global DCS market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.