세계의 분산 제어 시스템 시장 : 컴포넌트별, 업계별, 용도별, 최종 사용자별, 지역별(2024-2031년)

Distributed Control Systems Market Valuation - 2024-2031

The expanding complexity and scale of industrial processes necessitate more sophisticated and dependable control methods to ensure efficient and safe operations resulting in an increased demand for Distributed Control Systems (DCS). DCS technology enables decentralized control of numerous operations across big plants or facilities making it suitable for industries such as oil and gas, power generation, chemical manufacture, and water treatment by enabling the market to surpass a revenue of USD 20.1 Billion valued in 2024 and reach a valuation of aroundUSD 29.97 Billion by 2031.

DCS implementation is being driven by the desire to improve operational efficiency and reduce downtime in industrial environments. Modern DCS solutions include advanced capabilities like predictive maintenance, data analytics, and seamless connection with other digital systems allowing plant operators to solve issues before they cause costly downtime or safety accidents by enabling the market to grow at aCAGR of 5.12 % from 2024 to 2031.

Distributed Control Systems Market: Definition/ Overview

Distributed Control Systems (DCS) are advanced automated control systems that manage complicated industrial processes. Unlike traditional centralized control systems which have a single controller overseeing all operations, a DCS spreads control functions over many, networked controllers spread throughout the plant. These controllers are strategically located near the equipment they supervise resulting in more efficient and precise control.

One prominent application for DCS is in the power generation business. In power plants, DCS is critical for regulating and monitoring the complicated operations involved in energy generation. These systems handle a variety of subsystems including turbines, boilers, and generators ensuring that they operate together fluidly to generate power effectively and safely.

The future application of DCS will be critical in facilitating the shift to more sustainable and energy-efficient industrial processes. As businesses strive to lower their carbon footprint and comply with increasing environmental laws, DCS can assist optimize energy use and resource management.

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Will the Increase in Power Demand and Energy-Efficient Technologies Drive the Distributed Control Systems Market?

The growing worldwide power consumption and the need for energy-efficient technologies are major drivers of the distributed control systems (DCS) industry. According to the International Energy Agency (IEA), worldwide energy demand is expected to rise by 2.1% each year between 2022 and 2024 with emerging and developing nations accounting for the majority of the increase. This increase in power demand needs more efficient and dependable control systems in power plants and distribution centers. According to the U.S. Energy Information Administration (EIA), global energy consumption is predicted to increase by approximately 50% between 2018 and 2050 emphasizing the importance of improved control systems. In this context, DCS plays a significant role in optimizing power plant operations boosting grid stability, and increasing overall energy efficiency.

The deployment of energy-efficient technology is also driving the DCS industry forward. According to the International Renewable Energy Agency (IRENA), renewable energy capacity additions in 2020 increased by 45% to 280 GW, the biggest annual rise since 1999. The fast growth of renewable energy sources necessitates sophisticated control systems to handle their unpredictable nature and incorporate them into existing grids. Furthermore, the US Department of Energy's Advanced Manufacturing Office estimates that industrial energy efficiency initiatives might save 7-20% of energy by 2050. DCS helps to achieve these efficiency benefits by enabling real-time monitoring, optimization, and control of industrial operations.

Will Stagnancy in the Oil & Gas Industry Hamper the Distributed Control Systems Market?

The distributed control systems (DCS) market has long been linked to the oil and gas industry which is a significant user of these systems. However, recent stalling in the oil and gas sector has generated concerns about how it would affect the DCS market. According to the Energy Information Administration (EIA), US crude oil output growth slowed dramatically in 2023, increasing by only 0.5% over 2022. This downturn came after years of strong growth indicating that the industry may have reached a plateau. Furthermore, the International Energy Agency (IEA) forecasts that global oil demand growth will slow from 2.3 million barrels per day (mb/d) in 2023 to 1.2 mb/d in 2024 signaling a cooling market.

Despite these issues in the oil and gas sector, diversification and expansion in other industries may help to lessen the overall impact on the DCS market. The United States Department of Energy's report on the manufacturing sector notes the rising adoption of smart manufacturing technologies including DCS in areas such as chemicals, pharmaceuticals, and food processing. Furthermore, the International Renewable Energy Agency (IRENA) reports that renewable energy capacity additions reached a record 298 GW in 2023 representing a 45% increase over 2022. This rapid expansion in the renewable energy sector gives new opportunities for DCS applications perhaps compensating any losses caused by the oil and gas industry standstill.

Category-Wise Acumens

Will the Demand for Robust and Reliable Hardware Drive Growth in the Component Segment?

The hardware component usually dominates the market. Controllers, processors, and input/output modules are examples of hardware components that are critical to system functioning. These components provide the foundation of any automation system offering the processing capacity, control capabilities, and interfaces needed to manage complex industrial processes. The necessity for high-performance systems that can run in a variety of environments including severe ones drives the demand for durable hardware. Manufacturing, oil & gas, and utilities all rely significantly on physical components to maintain operating efficiency, safety, and productivity.

While hardware remains an important component, the role of software in the automation business is fast increasing reflecting a trend toward more integrated and smarter systems. Software solutions for control and monitoring are critical to improving the usefulness and flexibility of physical components. They offer advanced features like real-time data analysis, predictive maintenance, and remote monitoring which are critical for improving industrial operations and reducing downtime. The growth of the Industrial Internet of Things (IIoT) and Industry 4.0 projects emphasizes the need for software in developing interconnected and smart production settings. These trends are encouraging investment in complex software platforms that can connect seamlessly with current hardware infrastructure giving customers extensive capabilities for monitoring, controlling, and optimizing their operations.

Will the Efficiency and Cost-Effectiveness Drive the Application Segment?

Continuous processes are prevalent, particularly in the chemical, petrochemical, and power generation sectors. The key drivers of this supremacy are efficiency and cost-effectiveness. Continuous processes involve the constant flow of materials through the production system resulting in a consistent and unbroken production cycle. This technology dramatically decreases downtime while increasing productivity resulting in lower operational expenses per unit of production. Continuous processes are essential in industries that require large-scale and high-volume production such as petrochemicals and power generation. The capacity to operate continuously without frequent shutdowns or restarts is consistent with these industries economic and operational goals.

Despite their benefits in some applications, batch processes are generally less efficient than continuous processes due to their start-stop structure which can introduce inefficiencies such as increased downtime and higher energy consumption per unit of production. However, due to the necessity for tight quality control, adherence to regulatory standards, and the capacity to switch between different products or formulations without considerable retooling, batch operations are better suited for these industries. Hybrid processes which combine parts of continuous and batch techniques serve specialized industries that require both flexibility and efficiency.

Country/Region-wise Acumens

Will Increasing Power Consumption Drive the Market in the North America?

The distributed control systems (DCS) market in North America is expected to increase significantly, owing to rising power consumption trends. According to the US Energy Information Administration (EIA), total electricity usage in the United States is expected to rise by about 1% per year through 2050. This consistent increase in power demand is ascribed to a variety of factors including population growth, economic expansion, and increased electrification in many industries. The industrial sector, in particular, is predicted to experience a significant increase in power usage with the EIA predicting a 30% increase between 2021 and 2050.

The prevalence of fossil fuels in North America's energy mix, notwithstanding the push for renewable energy, leads to the demand for improved DCS solutions. According to the US Department of Energy, fossil fuels generated around 60% of all electricity in 2020. As power plants attempt to improve their operations and minimize emissions, the use of sophisticated DCS becomes increasingly important. Additionally, the aged electricity infrastructure in many parts of North America necessitates modernization measures.

Will Increasing Demand for the Oil & Gas Sector Drive the Market in the European Region?

The oil and gas sector in Europe has seen a revival in demand which is expected to fuel growth in the distributed control systems (DCS) market. The European Union's statistical office reported that crude oil imports to the EU climbed by 4.2% in 2022 compared to 2021, hitting 9.3 million barrels per day. This increase in oil consumption is due in part to the region's efforts to diversify its energy sources and lessen reliance on Russian supply in the wake of geopolitical concerns. According to the International Energy Agency (IEA), European countries are investing in infrastructure renovations and new exploration projects to improve energy security which is projected to lead to increased usage of advanced control systems such as DCS in the future.

The natural gas sector is also exhibiting potential for driving DCS market expansion. The European Commission's REPowerEU plan which aims to reduce dependency on Russian fossil fuels includes ambitious ambitions for increasing LNG imports and extending regasification capacity. This effort is expected to provide significant potential for DCS installation in new and upgraded LNG terminals. Furthermore, the UK Oil and Gas Authority reported a 26% increase in offshore oil and gas production efficiency since 2014 owing mostly to the implementation of digital technologies and improved control systems. As European governments attempt to maximize their existing oil and gas assets while moving to cleaner energy sources, the region's demand for advanced DCS systems is likely to increase dramatically.

Competitive Landscape

The distributed control systems market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.

Some of the prominent players operating in the distributed control systems market include:

ABB

Honeywell International Inc.

Siemens

Schneider Electric

Mitsubishi Electric Corporation

Rockwell Automation

Emerson Electric Co.

Valmet

NovaTech, LLC.

Azbil Corporation

Toshiba Infrastructure Systems & Solutions Corporation

Latest Developments

In February 2023, ABB introduced its Ability Symphony Plus DCS system for the water and power generation industries. The new solution provides secure and easy access to an extended digital ecosystem, enhancing plant performance and efficiency. Furthermore, the new offering gives end users access to the fleet.

In May 2023, Emerson stated that it is increasing perimeter security for the DeltaV distributed control system (DCS) with its new NextGen Smart Firewall, a purpose-built control system firewall designed to provide simple installation and maintenance for all industries.

TABLE OF CONTENTS

1. Introduction

• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary

• Key Findings
• Market Overview
• Market Highlights

3. Market Overview

• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter's Five Forces Analysis

4. Distributed Control Systems Market, By Component

• Hardware
• Software
• Services

5. Distributed Control Systems Market, By Industry Vertical

• Oil & Gas
• Power Generation
• Chemicals
• Water & Wastewater Treatment
• Pharmaceuticals
• Food & Beverage

6. Distributed Control Systems Market, By Application

• Continuous Processes
• Batch Processes
• Hybrid Processes

7. Distributed Control Systems Market, By End-User

• Process Industries
• Discrete Industries

8. Regional Analysis

• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

9. Market Dynamics

• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

10. Competitive Landscape

• Key Players
• Market Share Analysis

11. Company Profiles

• ABB
• Honeywell International Inc.
• Siemens AG
• Schneider Electric
• Mitsubishi Electric Corporation
• Rockwell Automation
• Emerson Electric Company
• Yokogawa Electric Co.
• Metso (Valmet Oyj)
• Omron Corporation
• Novatech LLC (Weir Group)
• Azbil Corporation

12. Market Outlook and Opportunities

• Emerging Technologies
• Future Market Trends
• Investment Opportunities

13. Appendix

• List of Abbreviations
• Sources and References