The
global distributed control systems (DCS) market is expected to reach
USD 19.8 billion by 2018, growing at a CAGR of 3.9% from 2012 to
2018. The oil and gas industry remained the largest end user industry
for distributed control systems and accounted for more than 20% of
the global market in 2012; however, power industry will be the
fastest growing end use segment due to faster adoption of DCS in the
industry. Asia Pacific is the fastest growing market for distributed
control systems as it is the base for a number of companies using DCS
solutions.
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Most
distributed control systems were installed during the 1980s in Europe
and North America. These systems are reaching the end of their
reasonable lifecycle, thus creating the need to upgrade or replace
them with technologically advanced systems. In addition, increasing
industrialization in developing regions of Asia Pacific, there is an
increased demand for distributed control systems. Emergence of open
source solutions is helping small and mid-sized enterprises to reap
the benefits of DCS software solutions, thus contributing to the
market growth.
The
global DCS market is segmented into three major categories based on
components, namely hardware, software, and services. DCS software
remained the largest market and held more than half of the global
market share in 2012. DCS hardware market is expected to remain the
fastest growing segment owing to the installation of manufacturing
and production units of different companies.
Some
of the major end users of distributed control systems include oil and
gas industry, chemical industry, power industry, metal and mining
industry, pharmaceutical industry, water and waste-water treatment
industry, paper and pulp industry, and other processing industries.
Owing to the increasing power requirement and investment from
governments in different power plant projects, this segment is
expected to remain the fastest growing segment during the forecast
period, growing at a CAGR of 5%. Distributed control systems are
largely used in the oil and gas industry to increase the production
efficiency and operating time of the process. Also, these systems
help in reducing the risk to human life. As a result, the oil and gas
industry is expected to remain the largest end user market for
distributed control systems reaching value of USD 5.1 billion by
2018.
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ABB
Ltd has been the market leader since 2009 owing to a strong global
presence through acquisition of smaller companies as well as
customized offerings for variety of end users. Other leading players
providing DCS solutions include Siemens, Honeywell, Yokogawa,
Emerson, Invensys, Rockwell, and others.
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