Distributed Control System Market Will Hit Big Revenues In Future | Siemens, ABB, Schneider Electric
A distributed control system (DCS) is an industrial automation solution widely utilized in process industries. Its main function is to enable plant control through a network of supervisory and control elements distributed throughout the facility. DCS is commonly employed in industries like food & beverages, pharmaceuticals, and petrochemicals, where it efficiently manages manufacturing processes....
Distributed Control System Market Sets New Record, Projected at $26.7 Billion by 2028
The global distributed control system market is projected to reach USD 26.7 billion by 2028 from an estimated USD 19.9 billion in 2023, at a CAGR of 6.1% during the forecast period. The demand for Distributed Control Systems (DCS) in the power generation industry is significant and growing as power plants strive to increase efficiency, reliability, and safety. DCS plays a vital role in the power...
Distributed Control System Market Size to Grow $26.7 billion by 2028
According to a research report “Distributed Control System Market by Component (Hardware, Software, Services), Application (Continuous, Batch-Oriented), End-user (Oil & Gas, Power Generation, Chemical, Food & Beverages, Pharmaceutical, Metal & Mining), Region – Global Forecast to 2028″ published by MarketsandMarkets, the distributed control system market is projected...
Distributed Control System Market to Witness a Pronounce Growth
The Distributed control system market is expected to grow from an estimated USD 17.5 billion in 2021 to USD 23.2 billion by 2026, at a CAGR of 5.8% during the forecast period. Booming power sector and augmented power generation capacities worldwide offer huge opportunity for Distributed control system market. There has been a steady increase in the global demand for power, due to which substantial...
Distributed Control System Market to Expand at a CAGR of 5.8% Over 2021-2026
Latest report, “Distributed Control System Market by Shipment Scale (large, medium, small), by Component (hardware, software, services), Application (continuous process, batch-oriented process), End-use Industry, and Region – Global Forecast to 2026”
The distributed control system market size will grow to USD 23.2 billion by 2026 (forecast year) from USD 17.5 billion in...
Distributed Control Systems Market Will Generate Big Revenues in Future by Competitive Landscape and Key Product Segments
The distributed control systems market is expected to grow from an estimated USD 15.95 Billion in 2017 to USD 20.33 Billion by 2022, at a CAGR of 4.97%. The market is set to grow due to the booming power sector and augmented power generation capacities worldwide, growing industrial infrastructure in regions such as Asia Pacific, the Middle East, and Africa, and increased use of renewable and...