According to the report, Increase investments in conventional power generation to meet the increasing power demand
is one of the primary growth factors for the market. Increasing demand in power and energy sectors
is also expected to contribute significantly to the Distributed Control System (DCS) market. Overall, Continuous Process
applications of Distributed Control System (DCS), and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models a trend that will continue in the future.
AMAs Analyst on the Global Distributed Control System (DCS) Market identified that the demand is rising in many different parts of the world due to "Increase in focus on expanding manufacturing capabilities
". Furthermore, some recent industry insights like "On 5 November 2020, Rockwell Automation has unveiled its PlantPAx 5.0 distributed control system (DCS) to enhance the lifecycle of plant operations through digitization. This is the latest DCS from RockWell Automation and is capable of digitally transforming an operation by using process functionality that is native to the controller, improving the availability of system assets driving compliance, and the utilization of analytics. New system features are step changes in helping our customers lower the overall costs to design and commission. The functionality improves the overall effort to integrate the process control layer to the enterprise." is constantly making the industry dynamic. One of the challenges that industry facing is "Stagnant growth in the global upstream oil & gas industry due to a decrease in exploration and production activities"
The , such as , is boosting the Distributed Control System (DCS) market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Distributed Control System (DCS) market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Distributed Control System (DCS) market and other related sub-markets covered in the study.
o Key & emerging players in the Distributed Control System (DCS) market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Distributed Control System (DCS) market size is calculated using market estimation process, the Distributed Control System (DCS) market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Distributed Control System (DCS) market size has been validated using both top-down and bottom-up approaches.