Distributed Control Systems Market growing at a CAGR of 6.1% from 2024 to 2030

The global distributed control systems market size was valued at USD 18.99 billion in 2023 and is projected to reach USD 29.19 billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030. The market growth is attributed to the increasing adoption of automation and the need for enhanced operational efficiency in various industries.

Key Market Trends & Insights

  • Asia Pacific accounted for the largest revenue share of 37.5% in 2023.
  • By component, the hardware segment accounted for a leading revenue share of 52.6% in 2023.
  • By application, the continuous process segment accounted for a larger revenue share in 2023.
  • By end use, the food & beverages segment accounted for the leading market revenue share in 2023.

Market Size & Forecast

  • 2023 Market Size: USD 18.99 Billion
  • 2030 Projected Market Size: USD 29.19 Billion
  • CAGR (2024-2030): 6.1%
  • Asia Pacific: Largest market in 2023

Request Free Sample Report: https://www.grandviewresearch.com/industry-analysis/distributed-control-systems-market/request/rs1

The increasing adoption of automation and the need for enhanced operational efficiency in various industries are major drivers of this market. In the power generation industry, the growing demand for renewable energy and stringent environmental regulations are expected to present a sizeable growth opportunity for distributed control system providers.

Industries such as oil and gas, power generation, and water treatment are increasingly adopting automation to enhance efficiency, safety, and productivity across different processes. A distributed control system (DCS) enables centralized monitoring and control of complex industrial processes, reducing human intervention and minimizing the risk of errors. A steady shift towards smart factories is expected to drive the adoption of DCS further, as these systems are integral to implementing advanced manufacturing technologies. For instance, in April 2024, Valmet launched its next-generation DCS solution, the Valmet DNAe. The system is designed to deliver a state-of-the-art user experience and cybersecurity and comes with control software and hardware, cybersecure system architecture, and engineering and analytics tools. Other companies aim to develop advanced products that can offer automation solutions to diverse process industries worldwide, driving industry expansion.

Distributed control systems are widely used in renewable power generation plants to ensure robust, reliable, and efficient control of geographically dispersed assets. As investments in renewable energy infrastructure continue to grow, the demand for DCS solutions in this sector is anticipated to rise significantly. Moreover, integrating distributed control systems with advanced software solutions allows seamless data flow across different enterprise levels, enabling better coordination, visibility, and operational control. Additionally, distributed control systems provide real-time insights, enhance decision-making, and streamline workflows, thus improving overall efficiency and productivity. For instance, in February 2023, ABB launched its latest version of ABB Ability Symphony Plus distributed control system (DCS) to accelerate digital transformation in process automation for water and power generation industries. The system includes an SD Series e-Class process controller that enables plant-wide digitalization. It minimizes the impact on system infrastructure and process operations during digital transformation.

Distributed Control SystemsMarket Report Scope

Report Attribute

Details

Market size value in 2024

USD 20.49 billion

Revenue forecast in 2030

USD 29.19 billion

Growth rate

CAGR of 6.1% from 2024 to 2030

Base year for estimation

2023

Historical data

2018 – 2022

Forecast period

2024 – 2030

Quantitative units

Revenue in USD million/billion, and CAGR from 2024 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Component, application, end-use, region

Regional scope

North America, Europe, Asia Pacific, Latin America, MEA

Country scope

U.S., Canada, Mexico, UK, Germany, France, Japan, China, India, South Korea, Australia, Brazil, UAE, Saudi Arabia, South Africa

Key companies profiled

ABB; Azbil Corporation; Emerson Electric Co.; General Electric Company; Honeywell International Inc.; Valmet; MITSUBISHI HEAVY INDUSTRIES, LTD.; NovaTech, LLC; OMRON Corporation; Rockwell Automation; Schneider Electric; Siemens; Toshiba International Corporation; Yokogawa Electric Corporation

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Similar Posts