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Global Distributed Control System Market: by Component (Hardware, Software, and Services), by End-User (Pharmaceuticals, Oil & Gas, Food & Beverages, Chemical, Power Generation, and Others), and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2021–2027)
The distributed control system market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating globally. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region-wise and segment-wise market share/growth analysis. The report’s study will outlook one of the most exhaustive analyses of the market, capturing all the distributed control system market aspects.
The globally distributed control system market was valued at USD 18.9 billion in 2020, which is expected to reach USD 27.5 billion by 2027, registering a CAGR of 5.1% over the forecast period (2021-2027). The promising process industries are only operated by highly developed automation technologies, for example, distributed control systems. These systems are utilized as extensions of conventional controllers across diversified series of industries. The major concepts of DCS application are consequential by decentralizing the control unit and establishing a widespread system among the engineering stations.
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The globally distributed control systems (DCS) market is anticipated to witness a stellar rise due to the exponential growth of the power industry. Also, increased capacity of power generation across the globe, together with an expansion of the existing industrial infrastructure in developing parts of the world, is expected to boost the market.
The Middle East is increasingly focusing on expanding its manufacturing capabilities. The key reason for this move is to change the region’s role as a raw material supplier to a finished goods provider within the manufacturing industry.
The availability of low-cost alternatives is one of the major factors hampering the global market growth over the forecast period.
The outbreak of the COVID-19 has considerably affected the globally distributed control system market. As the industry is witnessing a significant change that will affect the companies’ revenue over the forecast period. Companies are focusing on recovering their losses to grow with the pre-covid growth rate.
The report outlines the globally distributed control system market study based on component and end-user.
Based on the component, the distributed control system market has been segmented into –
Based on the end-user, the distributed control system market has been segmented into –
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The globally distributed control system market is regionally divided into North America, Asia Pacific, Europe, South America, and the Middle East and Africa. North America is expected to dominate the globally distributed control system market due to its growing power consumption. The growing oil & gas industry would fuel the market demand during the review period. Furthermore, Europe is estimated to witness a significant CAGR in the global market in the upcoming years.
The globally distributed control system market is fairly consolidated, with key players across the globe. The key manufacturers operating in the globally distributed control system market are –
The distributed control system market report thoroughly analyzes macro-economic factors and every segment’s market attractiveness. The report will include an in-depth qualitative and quantitative assessment of the segmental/regional outlook with the market players’ presence in the respective segment and region/country. The information concluded in the report includes the inputs.
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