Distributed control systems are intelligent industrial control and automation systems that are used to monitor and control equipment like valves, motors and other machines in industries including oil and gas, power generation, chemicals, food and beverages, pharmaceuticals, metals and mining. They help optimize processes through centralized monitoring and control of field devices, machines and analytical instruments in real-time from remote locations. The global Distributed Control Systems Market is estimated to be valued at US$ 35.24 Bn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Optimization of process is one of the key trends driving growth of the distributed control systems market. Distributed control systems help companies optimize their manufacturing and industrial processes through centralized monitoring and control of field devices and machines. They provide real-time visibility of operations and processes, which helps companies identify inefficiencies and bottlenecks. This enables companies to make timely adjustments in their processes to maximize productivity and minimize downtime. Distributed control systems also facilitate predictive maintenance by continuously monitoring equipment performance parameters. This prevents unexpected equipment failures and unplanned downtime. With distributed control systems, companies can optimize their processes to reduce costs and improve overall equipment effectiveness.
Segment Analysis
The global distributed control systems market is segmented based on component, architecture type, industry vertical and geography. Based on component, the market is segmented into hardware, software and services. The hardware segment is expected to dominate the market during the forecast period. Hardware components such as programmable logic controllers (PLCs), remote terminal units (RTUs) and human machine interface (HMI) form an integral part of distributed control systems and have wide acceptance across various industries.
Key Takeaways
The global distributed control systems market is expected to witness high growth during the forecast period of 2023-2030.
Regional analysis suggests that Asia Pacific region is expected to be the fastest growing as well as dominating region in the distributed control systems market. Factors such as increasing industrial automation investments and rising number of manufacturing plants in emerging economies such as China and India are supporting the growth of distributed control systems market in Asia Pacific region.
Key players operating in the distributed control systems market are ABB Group, Yokogawa Electric Company, Honeywell International Inc., Toshiba, Siemens AG, Azbil Corporation, Schneider Electric, Novatech LLC, Mitsubishi Electric, Omron Corporation, Rockwell Automation, METSO, and Emerson Electric Company. ABB Group dominated the global distributed control systems market in 2024 with largest market share, owing to its diversified product portfolio and strong geographical presence across major markets worldwide.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
