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Distributed Control Systems Market Size

  • Report ID: GMI6801
  • Published Date: Sep 2023
  • Report Format: PDF

Distributed Control Systems Market Size

Distributed Control Systems Market size was valued at over USD 17.9 billion in 2023 and is anticipated to grow at a CAGR of 6.2% between 2024 and 2032, due to growing importance of safety and regulatory compliance in industrial operations is fuelling demand for advanced DCS systems with integrated safety features.. Moreover, the integration of Industrial Internet of Things (IIoT) technologies and data analytics into DCS platforms is enabling predictive maintenance and process optimization, further boosting adoption.

 

Distributed Control Systems Market

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The transition toward smart manufacturing and Industry 4.0 initiatives is also propelling the DCS market as industries aim to achieve greater connectivity, flexibility, and responsiveness in their operations. Overall, the increasing complexity of industrial processes and the need for greater visibility and control are significant drivers fuelling the growth of the DCS market.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of distributed control systems was exceeded USD 17.9 billion in 2023 and is anticipated to reach USD 30.3 billion by 2032, due to the increasing demand for operational efficiency along with the growing importance of safety and regulatory compliance among industries worldwide.

Distributed control systems market from the hardware component segment will register over 4.5% CAGR from 2023 to 2032, on account of their ability to support advanced technologies, such as fault-tolerant hardware configurations and cybersecurity measures.

Asia-Pacific distributed control systems market size will record more than 6.5% CAGR from 2023 to 2032, owing to the rapid industrialization and increasing demand for advanced automation solutions in the manufacturing and process industries of the region.

ABB, Honeywell International Inc., Siemens, Schneider Electric, Mitsubishi Electric Corporation, Rockwell Automation, Emerson Electric Co., Valmet, and NovaTech, LLC. are some of the major distributed control systems companies worldwide.

Distributed Control Systems Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 283
  • Countries covered: 16
  • Pages: 245
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