Yahoo Finance

Furthermore, the high demand for I/O and proliferation of digital networks in the process control system would transform the market. Important changes in technologies, namely, field networks, control networks, and physical I/O are gradually remoulding with the emergence of smart IIoT-connected sensors, analytics, big data, cloud computing, Industrial Internet of Things (IIoT), and virtualization. However, underinvestment in infrastructure and shale oil exploration may hamper market growth.

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Segment-

Software Segment to Gain Maximum Share Backed by their Extensive Usage in DCS

Based on component, the market is grouped into services, hardware, and software. The software segment held 45.9% distributed control system market share in 2018. It occurred because of the increasing usage of these software solutions in DCS to gain several benefits, such as easy maintenance, smooth operation, and intelligent control. These solutions consist of equipment simulator, system configurator editor, operator interface, and system management tool. This segment is expected to gain the maximum share during the forecast period.

Regional Analysis-

Rising Oil & Gas Production & Exploration Activities to Drive Growth in Europe

In terms of region, the market is divided into Asia Pacific, North America, the Middle East and Africa, Europe, and Latin America. Out of these, North America generated USD 5.10 billion DCS market revenue in 2018 stoked by the increasing consumption of power in Canada and the U.S. The oil and gas sector is also expanding in this region.

Europe is set to experience healthy growth backed by the rising oil and gas production and exploration activities in countries, namely, Italy, Spain, and Germany. Europe is expected to show a healthy growth in the overall market according to market study. It will assist the players of the market in adopting different strategies for sustainable growth. These data, statistics, and insights will prove useful to market players, shareholders, new entrants, and investors in getting market insights and adopting different strategies to grow

Latin America and the Middle East & Africa, on the other hand, are mainly aiming to surge their fossil fuel and renewable energy production. They are doing so to fulfil the unmet demand for power.

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This Report Answers the Following Questions-

• What are the distributed control system market trends, growth drivers, and barriers?

• How will the market be affected in the near future?

• Will the consumer behaviour change during the forthcoming years?

• Which region is expected to lead the market by generating maximum revenue?

• What are the important strategies followed by companies to boost sales?

Competitive Landscape-

Key Players Aim to Gain New Contracts for Intensifying Competition

The market houses many enterprises that are striving persistently to bag new contracts and develop state-of-the-art products. They are also investing hefty amounts of money to upgrade their existing products and are adopting the strategy of mergers and acquisitions.

List of companies present in the DCS market. They are as follows:

• ABB (Switzerland)

• Schneider Electric (France)

• Emerson (US)

• Siemens (Germany)

• Honeywell Process Solutions (US)

• GE Power (US)

• Rockwell Automation (US)

• Toshiba Corporation (Japan)

• Hitachi (Japan)

• Valmet (Finland)

• Yokogawa (Japan)

• Azbil Corporation (Japan)

• NovaTech LLC (US)

Scope of the Report:

• Introduction

  • Research Scope

  • Market Segmentation

  • Research Methodology

  • Definitions and Assumptions

• Executive Summary

• Market Dynamics

  • Market Drivers

  • Market Restraints

  • Market Opportunities

• Key Insights

  • Key Emerging Trends – For Major Countries

  • Latest Technological Advancement

  • Regulatory Landscape

  • Industry SWOT Analysis

  • Porters Five Forces Analysis

• Global Distributed Control System Market Analysis (USD Billion), Insights and Forecast, 2015-2026

  • Key Findings / Summary

  • Market Analysis, Insights and Forecast – By Component

    • Hardware

    • Software

    • Services

  • Market Analysis, Insights and Forecast – By End-User

    • Oil & Gas

    • Chemicals

    • Power Generation

    • Pharmaceutical

    • Food & Beverage

    • Others

  • Market Analysis, Insights and Forecast – By Region

    • North America

    • Europe

    • Asia Pacific

    • Middle East & Africa

    • Latin America

• North America Distributed Control System Market Analysis (USD Billion), Insights and Forecast, 2015-2026

  • Key Findings / Summary

  • Market Analysis, Insights and Forecast – By Component

    • Hardware

    • Software

    • Services

  • Market Analysis, Insights and Forecast – By End-User

    • Oil & Gas

    • Chemicals

    • Power Generation

    • Pharmaceutical

    • Food & Beverage

    • Others

  • Market Analysis, Insights and Forecast – By Country

    • U.S.

    • Canada

Continued…

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